Would anyone be interested in this? (Siccness mini-hedge fund)
- Thread starter WHITE DEVIL
- Start date
So what type of investment will the $ go towards? ("For those wondering about my investment strategy, it would be a very aggressive growth implement - speculating in small-cap companies with shares at or under 25 dollars") Just saying "mutual fund" doesn't help me out when you have six or seven types.
@White Devil is this an Equity Fund or Sector Fund? I am not clear on what it is you are attempting to do. Is your 1.5% part of the load fund (if there is one) ?
Im going to bed im about to pass out.... :dead:
@White Devil is this an Equity Fund or Sector Fund? I am not clear on what it is you are attempting to do. Is your 1.5% part of the load fund (if there is one) ?
Im going to bed im about to pass out.... :dead:
After doing all the math, and looking at the fact that I will *personally* have to deal with all the tax liability, I will have to charge around a 6 percent front end load to make it worth it for me, as well a 1-1.5% take on profits.
There cheaper ways to invest. If you guys are still interested, knowing I would probably take around 7-9 cents on the dollar, I'll still go ahead with it.
As far as returns, I've consistently outperformed the S&P 500, the DJ, the Wilshire, etc.
I average about 16 percent yearly since 2003. Part of it is the fact that my work is subscribed to numerous stock-picking services and has lots of analysis tools, and I can simply spin around and ask the broker I work with.
There cheaper ways to invest. If you guys are still interested, knowing I would probably take around 7-9 cents on the dollar, I'll still go ahead with it.
As far as returns, I've consistently outperformed the S&P 500, the DJ, the Wilshire, etc.
I average about 16 percent yearly since 2003. Part of it is the fact that my work is subscribed to numerous stock-picking services and has lots of analysis tools, and I can simply spin around and ask the broker I work with.
@Jae, I'll be going through a broker at my work, but I will be running the "fund".
@Heresy, it would be an equity fund. I'll use options, but sparingly, and I won't buy on margin.
I will be concentrating in Materials, Utilities, and Healthcare, but I'll be down for whatever. I'm not a lightning-seller, I'm a strong believer in buy and hold, and I use 50 and 200 moving averages to gauge sell timing.
@Heresy, it would be an equity fund. I'll use options, but sparingly, and I won't buy on margin.
I will be concentrating in Materials, Utilities, and Healthcare, but I'll be down for whatever. I'm not a lightning-seller, I'm a strong believer in buy and hold, and I use 50 and 200 moving averages to gauge sell timing.
im down man!
my friend had a similar idea like this one.
if i remember correctly it was a stock group type thing.
get a group of people and everyone shells out a certain amount every month,theres a minimal amount but no maximum,everybody does a lil homework on companys and meets up and talks about wut they gonna do with the money,email infos and shit.if everyone wanted to get there return cash at around the end of the year,they would get a list of all members and how much they depositied that year,the highest money giver to the lowest money giver,there would be about a percent or 2 difference in the line ,but it pretty much ment that if you put more money then others(not a total open subject to talk about how much you put in that month)youd get a lil more back,so it would create competition,smart people would start putting a lil more money each month,and if it floped,well the people that put in minimal amounts would be at the same level as the people that put in more amount.I cant rememebr all the details,but it was supposed to be a commie/social commitie style group,were no one is really high then the other
my friend had a similar idea like this one.
if i remember correctly it was a stock group type thing.
get a group of people and everyone shells out a certain amount every month,theres a minimal amount but no maximum,everybody does a lil homework on companys and meets up and talks about wut they gonna do with the money,email infos and shit.if everyone wanted to get there return cash at around the end of the year,they would get a list of all members and how much they depositied that year,the highest money giver to the lowest money giver,there would be about a percent or 2 difference in the line ,but it pretty much ment that if you put more money then others(not a total open subject to talk about how much you put in that month)youd get a lil more back,so it would create competition,smart people would start putting a lil more money each month,and if it floped,well the people that put in minimal amounts would be at the same level as the people that put in more amount.I cant rememebr all the details,but it was supposed to be a commie/social commitie style group,were no one is really high then the other
CB, You're probably looking at early redemption fees on shares held for a month or less. This won't be a "day-trade" style investment anyways, so you will need to probably hold onto a share for at least a month or two to see appreciable returns.
After two months, you can cash and run with no fees. At one month, you're probably looking at a near ten percent redemption fee, and up until two months, 5 percent, simply because if I get a run on shares for one reason or another, I will end up losing money.
When you want to sell out, you guys will simply give me a holler and I'll place the order at the next feasible trade period. (Depending on the amount of investors, I might keep some reserves in cash or Nasdaq stocks so I can make after-hours trades).
@Deceptakhan, you can invest as much as you want. The more cash I get, actually, the more I will be able to do.
After two months, you can cash and run with no fees. At one month, you're probably looking at a near ten percent redemption fee, and up until two months, 5 percent, simply because if I get a run on shares for one reason or another, I will end up losing money.
When you want to sell out, you guys will simply give me a holler and I'll place the order at the next feasible trade period. (Depending on the amount of investors, I might keep some reserves in cash or Nasdaq stocks so I can make after-hours trades).
@Deceptakhan, you can invest as much as you want. The more cash I get, actually, the more I will be able to do.
That's fine.
How will we be provided with info on how tings are performing? Will we have a website to access to see daily updates? A monthly/quarterly/yearly packet mailed to us updating us on our investments?
Will we have contact information for you, work phone, e-mail etc? Incase we do want to cut and run, but lock in at a set level of return.
How will we be provided with info on how tings are performing? Will we have a website to access to see daily updates? A monthly/quarterly/yearly packet mailed to us updating us on our investments?
Will we have contact information for you, work phone, e-mail etc? Incase we do want to cut and run, but lock in at a set level of return.
I will work out something you can access to see how the fund is performing; it will probably be like a yahoo finance page or one with Edward Jones.
I will give full contact info including my cell and email.
I'll probably send daily or bi-weekly updates - You can easily check how the stocks are performing. I'll calculate a share price daily, and factor in any applicable fees.
As far as profit taking, I'll probably scoop my percentage (1-1.5%) once monthly (so I can't be accused of sniping).
I will give full contact info including my cell and email.
I'll probably send daily or bi-weekly updates - You can easily check how the stocks are performing. I'll calculate a share price daily, and factor in any applicable fees.
As far as profit taking, I'll probably scoop my percentage (1-1.5%) once monthly (so I can't be accused of sniping).
this is sounding very nice.The yahoo page to the weekly updates sounds appealing.Is the point to get as many people(money)in this run?Not trying to sound pissy,but is this ,or,could this turn into a way bigger thing,or a close nit gang.And just out of curiosity,it would be logical to think about investing for long periods of time right?I can see some people are interested in fast cash,but thats not my case,and dont think it is to other finacialy educated people.
so we can expect a year end mailing detailing earnings for tax purposes etc correct?
do we benefit more as individuals or as a group from this thing? i mean obviously if you pay in more money you'll be able to make more. I'm just wondering if say you put in $50 you make more if there are 200 people in it rather than 10 or if there is no difference.
do we benefit more as individuals or as a group from this thing? i mean obviously if you pay in more money you'll be able to make more. I'm just wondering if say you put in $50 you make more if there are 200 people in it rather than 10 or if there is no difference.
I was actually going to handle all the tax liability myself. What I would do is set up a legal system where your donations to me would be a "voluntary gift" and any money I sent back to you was "voluntary" as well. This would keep me from needing your SSNs, Addresses, phone numbers, etc.
As far as whether more capital would really benefit the group, probably not very much. From 500-1000 dollars, my options are limited. Once I'm at about 2500, I have a bit more line to throw in, though I believe in a focus portfolio (10 stocks maximum and a cash reserve).
Alas, though, the taxes are not very attractive to me at this point. I'm probably not going to go through with this. If I were to send out W-2's at the end of the year, I'd need SSNs, addresses, etc., which I am not going to get from a vast majority of people on the Siccness, and for good reason.
What I can do, CB, is give out daily or weekly stock tips on growth-oriented small companies with cheap share prices, if you're interested.
A stockbroker can invest small amounts of money for you. What I would really recommend is a Scottrade account (7 dollar trades, 500 dollar minimum balance).
My first tip:
TERX.OB - 3 dollars a share. Drop it like it's hot.
As far as whether more capital would really benefit the group, probably not very much. From 500-1000 dollars, my options are limited. Once I'm at about 2500, I have a bit more line to throw in, though I believe in a focus portfolio (10 stocks maximum and a cash reserve).
Alas, though, the taxes are not very attractive to me at this point. I'm probably not going to go through with this. If I were to send out W-2's at the end of the year, I'd need SSNs, addresses, etc., which I am not going to get from a vast majority of people on the Siccness, and for good reason.
What I can do, CB, is give out daily or weekly stock tips on growth-oriented small companies with cheap share prices, if you're interested.
A stockbroker can invest small amounts of money for you. What I would really recommend is a Scottrade account (7 dollar trades, 500 dollar minimum balance).
My first tip:
TERX.OB - 3 dollars a share. Drop it like it's hot.
