This afternoon I received an update on the crypto MN Fund run by Michaël van de Poppe and a team of financial advisers. You may know Michael from Twitter (X) where he is quite active going by the name CryptoMichNL. By no means is this a post to try and get you to invest into their fund as for myself I am not sold and it will likely be a pass anyway.
The original fund they started with failed for a number of reasons as you did the trading. The fund sent you the signals when to buy and when to sell following their lead. The problem with this is if these trades were not actioned in a timely manner the results would vary and not match what the fund was achieving. Reading between the lines investors called it out and had very different results compared to what the fund was achieving. The EU crypto regulations pulled the plug on this trading format as one can see how investors are not protected.
The new MN Fund is yet to launch and the monthly updates are an internal test they are tracking. Tis new test has been running since July last year and as you can see it is a wave shaped graph. The wave hit choppy waters during the month of January/February having been up 10% and now the test fund is in the negative. Not by much considering all of crypto took a hit this last month and is still in decline. A negative 10.8% thus far is actually quite refreshing to see as most places tend to highlight only the good. I guess when you are regulated you have to play with an open book so there is no fluffing of the figures taking place.
Is minus 10.8% good on an $10k investment for a 7 month time frame if your expertise is trading? I honestly do not know as we tend to only hear about the successful trades even when we know so many traders are losing. I have so many questions with these results as the report states the main driver is through volume. How many hundreds of trades took place in order to lose the 10.8% because one could have just earned interest on a stable coin during times of uncertainty. Maybe that is not how traders think and believe they have the skills to earn in any type of market because if you invested with professional you would like to think so. This showing that they lost this month shows that there is risk no matter who is doing the trading and that there are no guarantees.
Myself not being invested in the large cap crypto's like I would guess is most of us leaves our portfolios in a higher danger of losing far more dollar value. HIVE is down 34.5% for the last 30 days and my beloved COTI took a hefty knock of 46.8% which compared to a loss of 10.8% shows maybe they are achieving more than expected. A big maybe though as these are professionals that would be investing and looking after money on your behalf when their fund goes live.
It is quite obvious anyone can look like a genius in a fully blown Bull Cycle as everything basically goes up. From zero to hero and my guess where this fund will make very good profits setting them up for the next few years. Like I mentioned earlier in this piece I am certainly not sold on this investment fund as my strategy so far over the last 8 years has been to accumulate and grow the portfolio bags not worrying about trading. Earning an APR offering daily rewards whether the price is rising or dropping in my view eliminates the trading risk and possibly will earn similar returns over time if comparing.