Delegating - Asset Manager Role
The Asset Manager has the answer to the three most critical questions every team has:
- How much cash do we have?
- What stocks do we own?
- How many shares do we own of them?
As prices change, a good Asset Manager can quickly tell the team how much (in dollars) is invested in any given stock. Since these prices change every 60 seconds, this is a lot of work!
* Organized - accurately tracking every sale or purchase isn't easy
* Math skills - being able to quickly calculate the team's portfolio exposure (eg: a team owning 5,000 shares of a $20 stock has an exposure of $100,000)