Hey guys
So I was looking to invest in PAMM accounts on fx-trend or Panteon Finance that can get 4% returns per month but they don’t provide services to US residents. I tried calling some fx brokers in the US but they didn’t offer pamms. Apparently there’s some regulation in US that prohibits them from advertising managed accounts.
So what are my options to invest as a US resident looking to get 2-4% returns per month?
You can invest in mutual funds - fidelity is the biggest fund supermarket in the USA - use their search engine to find something suitable remembering of course that past performance does not guarantee future success. They generally aren’t based on currency trading, and invest in assets as varied as biotech to bonds. You can select from risk, management fees, returns etc etc
https://www.fidelity.com/fund-screener/research.shtml
I am involved in PAMMs if you have any other questions.
Thx I will check out fidelity is 3% per month realisticly achievable return with mutual fund?
Which country are you residing in? You can’t get PAMMS in US
I haven’t looked closely, but I think mutual funds aim for a better than bonds/fixed interest market with less risk than individual shares. Depending on risk they aim for 8-30% annually. I don’t reside in the US so I don’t know the specifics for you. There are brokers that accept US customers in Europe that provide PAMMs. I have one at Tallinex which accepts US clients, but you need to ask specifically for your situation as I am not sure on individual details.