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By: Nathan Knightley

I had never hired an investment management corporation before. In fact, I always took a very hands-on approach to business. I learned it from my father - an entrepreneur himself. He never believed in investment capital management through a broker. He amassed a financial fortune, and all while doing the paperwork himself. Yes, he worked about 80 hours a week and had a fatal hearth attack at the age of 58, so there are things about his way of living that I don't really want to do. Even so, managing investment myself was not an easy habit to break.

Nonetheless, eventually I just couldn't handle it anymore. I don't know if my investment portfolio had grown too diverse, too large, or if I just didn't have my father's talent for figures. Whatever the reason, I was too busy to manage the family business and take care of my investments. It was obviously what I had to give up. I hired a good capital asset management firm the very next week.

A lot of things have been difficult about the new mutual funds corporation. The most difficult, of course, was to give up some control over my investments. When I first hired the investments management company, I tried to keep as tight a leash as possible. I needed to understand every activity, consent to each decision, and in general. Always keep my hands in the pie. Finally, my broker spoke to me honestly. He told me that there was no point in having an investment manager if I was keeping trying to do all the work anyway. He then asked me quite straightforwardly if I wanted him to do my investment management or not. I backed down, knowing he was right.

Recognizing the fact that this firm has done a better job than I have was the hardest thing about investment management. Even with the money that I have to pay them, I am still making a huge amount more off of my investments than I ever have before. My investment portfolio has grown at twice its usual rate this year, and it does not seem that it is going to slow down. At first, I had almost expected to have to take control back. Part of me was even hoping that investment management would turn out to be a failed experiment. After all, it is hard to admit that a third party can be more efficient than you are.

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