I read a lot of investment blogs, but don’t necessarily expect you to do the same. So I will occasionally select the most interesting stuff published out there and give you short remarks and links. If you are a blogger too, let me know when you publish something that can be related to aggressive investing.

• Saving is one of the ways to obtain money for investing. The Clever Dude is proposing 3 ways to do it – first, second, third.
• Elle wonders if the technology is pushing us further into debt. And debt and investing rare go hand in hand (unless done the right way)
• I still haven’t published anything about real estate investing (coming soon), but you can check why Fiscal Musings likes real estate – part I and part II
• Pinyo is giving 50 Frugal Tips, Ideas, and Resources
• Not everyone is worried about the US mortgage crisis. For example the blogger of My Two Dollars feels ok about it.
• The simple dollar has an excellent post – Emotional Fulfillment and Financial Success

That’s it for me today. Hope I am giving you some useful reading. Again, if you feel something worthy is missing, use the comment to suggest it.

But yes, the trading results are very volatile.

People constantly come to this blog searching for words and phrases like the ones on the screenshot below:

So I wanted to post this bit and make it clear that GalleonFX managed forex account is not a scam. The results posted on their sites are real and I am able to verify this because I have an active account with them.

However…

The trading is really very voilatile. At the end of 2007 my account was up with 44% for about six months.

Now, at Jan 12th, the draw down for two weeks is close to 40% and my account is in about 10% loss.

I know the things will most probably improve to the end of the month, but anyway you should have healthy nerves if you want to invest in GalleonFX.

I plan to change my strategy with them. I’ll add more funds at the lower times and withdraw 50% of the profits in each profitable month. Because with such volatile results investing the minimum and hoping to compound doesn’t make much sense. Later I’ll write more about this non-compounding strategy and why it is good with some high risk investments.

Some time ago we wrote about hot mutual funds. If you have been around the financial world for a while, you must have heard about the emerging economies in East Europe. The mutual funds in the new EU members Bulgaria and Romania achieved great returns – some of them close of above 100% per year.

In the Autumn, when I asked the email subscribers to pay some attention to these funds, there was a nice increase of the prices. However quickly after that in November and December in most East European stock exchanges there was a significant correction leading to most funds losing 10% – 20% of their value. The fund prices have not moved much since then.

While I always believe low market is good time to buy, this correction was a good alarming bell that the East Europe mutual funds can’t keep growing all the time. Many experts think that we won’t see anymore 3 digits ROI here and I tend to agree with them.

You can still think about investing in some East Europe mutual funds, but don’t expect wonders. If you are looking for more aggressive options, see what the emerging markets in Latin America and Asia (India, China) can offer you.

Don’t forget that 50% ROI per year with mutual funds is more than great and rare sustainable long term.

The holidays are coming and it’s a good time to check out how some of the promising managed forex accounts are doing recently. There are about 7-8 services I either follow close or have already invested in. For most of them you have already read reviews or picks on this site, others will be reviewed soon.

If you plan to start the New Year with a good aggressive investment, keep reading how these services are performing.

GalleonFX (read GalleonFX review) as usual had some ups and downs, but at the moment the profit for December is about 8.5%. Not bad in my book. The promotions are over and the minimum is now again $10,000.

FX FarEast (read FX Far East Pick) has not been updated after the flat October. The minimum remains $5,000 as far as I know.

FXCM Sentiment Fund (Read FXCM Sentiment Fund Pick) no longer accepts $1,000 deposits. The minimum investment is now $5,000. The ROI of the Sentiment Fund for November is 5.21% and the ROI of Sentiment Aggressive Fund is 9.77%. Well done, too bad I missed the 1k deal.

Best Trading Systems (Read Best Trading Systems Pick) have not mailed any update about Orca or Rusky since September. Their site is currently not working. How do these people do business at all?

DEV Managed Forex (Read DEV Managed Forex Pick) made 10% profit for November. Managed Forex Pro Blog reported another 3-4% up for December so far. With this and the $5,000 minimum, DEV remains one of the very good choices for me.

FXstreet Managed Forex Account (Stay tuned for a review soon) made 5.64% for November. Year-to-date ROI is 42.44%. The minimum for this service is only $2,500. Who said there are no good managed accounts for the small investor?

Zurich-1 (Not yet reviewed, stay tuned) is a very promissing managed forex service which I follow for months. November has been up 8.12%, and December to date is +3%-4%. This service accepts $10,000 minimum.

In addition to the ones above, I am considering at least 10 another managed forex (and not only forex) accounts. You will read reviews and picks about them soon. Make sure to subscribe so you don’t miss some good opportunity.

Do you know about any other managed accounts which may be promising? If so, please share.

A couple of months ago I gave you some info about BetOnMarkets Clubs And Gurus. I hope you have taken the last paragraphs seriously.

“Of course there is zero guarantee that the guru is really a guru.”

In September I decided to subscribe for a guru called Carlo Ferrari who at that had a pretty impressive track record. The first few bets were fifty-fifty, I even made a small profit. Then for some reason Carlo was convinced that NASDAQ will fall down and started sending signal after signal for bearish bets. If you have followed the markets you know what happened to NASDAQ at that time – raised pretty nice.

All the next 10-15 bets I opened following the signals expired at $0 so I lost all the balance I had.

With this post I am NOT trying to hint that Carlo or any other guru is scammer, not at all. What I want to emphasis on is only that betting on markets is much riskier than “normal” trading. And that the gurus who take 10-20 bucks are rarely real gurus.

Just be careful, don’t rely too much on past results.

This is just a quick reminder that from December, FXCM.com managed accounts (click the link to see the Shark Investor pick) is raising the minimum investment from December 1st, 2007. It is still just $1,000 and will be raised to $5,000.

If you have not registered for their managed accounts yet, there is no time to catch the low minimum. But if you have an account which is not yet funded, hurry up.

Even $5,000 is good low entry for such a reputable service, so I would still consider it. In fact I am waiting for my account to be approved for the $1,000 minimum, but they are a bit slow so I may need to go for $5k. If I do it, I’ll keep you updated with more details.

If you are already an active investor, please let me know your experience.

FXFareast is a forex managed account service offered by Alexander Kim. You can see the first shark investor pick here.

Unfortunately the last four months aren’t at all good:

• 16% loss for July
• Only 2% profit in August
• 12% loss in September
• Flat October

Obviously these who have invested recently have no much reasons to celebrate. I would wait for some positive signs before investing in this managed account now.

A positive thing is that they honestly report their result without delays unlike many other services. So for sure it would be good idea to keep your eye on the site.