PAMM Accounts

[Antho]

Can you share any success stories or lessons learned from your involvement with PAMM accounts?

 

[Amy4]

Can you share any success stories or lessons learned from your involvement with PAMM accounts?

I put my money with an awesome PAMM manager, and boy did my investment portfolio skyrocket!

 

[ankita_gokhale]

Did you start using PAMM? I want to start too.

 

[thomas_novak]

PAMM accounts can be risky because you're handing over control of your money to a manager. They could make bad trades or, worst-case scenario, run off with your funds. So, be cautious, do your research, and choose trustworthy managers if you decide to go down the PAMM account route.

 

[Enivid]

PAMM accounts can be risky because you're handing over control of your money to a manager. They could make bad trades or, worst-case scenario, run off with your funds. So, be cautious, do your research, and choose trustworthy managers if you decide to go down the PAMM account route.

PAMM account manager cannot run off with your money - the money is deposited with the broker. A broker can run off with your money, but they can do it regardless of whether you use PAMM or not.