The decision
So I am split. My father runs a very successful company, yet I want to be a PM. (some background on me) I have managed money through a investment fund which was set up as a club( i do not have any series yet) for friends, teachers, and family. the fund does quite well 15% avg over the last 5 years. I started the fund in highschool, and I am currently a frosh in collage at a nontarget.. I am pretty well versed in finance that i started teaching college seniors their course work, and working on juniors project just to see if I could actually learn anything in my school, so far no. My goal from when I first managed money for myself and then clients was to become some type of fund manger, However my grades suck, and my writing.... well you can probably tell for this it is my weakest point. recently I have debated in my head whether become a PM should even be an option for me. My GPA would most Likely be a 3.4 to 3.5 when I graduate, however my major GPA for what ever that is worth will most likely be a 4.0 by the time I can become a PM if the gods named MD's and partners promote me quick enough and I am able to even go into the buyside of college, ill be a PM by age 30-33 maybe? However I am a little bit more realistic then that. My fathers company could be mine, he makes a decent living, over 500k after taxes. The business could be mine if I go and run with it. So this is where the debate comes in, do i follow my dream of becoming a PM or go for the more realistic way of learning a business and taking it where I feel I could take it to the next level.
If you want to do AM, I would say go for it. There is no set path to becoming a portfolio manager, so don't go into it thinking you have to make PM by a set age. Do what you want. Use your family's business as a fallback in case stuff goes wrong.
If i were you i would take over the family company, then you can just invest the money you make from that.
I think trying to become a PM would be more work than it's worth since you have an easier way of getting rich, and you won't be sacrificing your passion since you can do it as a hobby with the money you make.
oh you bought the AAPL :o
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