What does /biz/ think about pooling some crypto into a mutual fund and investing together?
If /pol/ can try to fund their own country, why can't /biz/ create a fund?
Pic not related.
That depends on who participates, how much is in the fund and what would be agreed upon.
It would need to be a decision for everyone I think. Everyone would be a stakeholder. I'm not interested in going full-blown crypto.
PS: A little more incentive. For all the NEETs out there who are trying to learn to invest. And the newfags, this would be a way to dip your toes in without getting washed out and to learn from other more experienced investors.
And yeah we'd probably start with US Equities, and indexes and what not.
(And I don't mean go long like bagholders. I think we'd have to short in the near-term.)
Surely currency hedging is for old people who need retirement income in a specific currency. I would imagine we're just trying to grow the most valuable collection of assets possible regardless of what's happening with our home currencies.
No. Hedging would be a way to extract the gains while mitigating the losses from currency fluctuations.
Some things might be better off unhedged of course. It really depends on the expectations or risks involved. Equities denominated in USD could rise, for instance, while the USD Index fell. In that case you'd want to try to manage the downside currency and extract the equities gains.
We'd probably need to have pitches for prospective investments and then vote based on the information presented. If the system goes to shit we might have to look at a more meritocratic way to go for it.
Legally it might also be problematic, given the international nature of it. Anyway, we can look into that as we go. First stage is gauging interest.
I think we could get voting token crypto based on how much we have invested into the fund. You would then lose or gain vote tokens to others based on the performance of the proposals you voted for. The voting token system could even be done in ethereum like augur but for actual investing in the fund proper crypto currencies like bitcoin and monero would be best. Bitcoin having the lowest spread to turn into currency to buy stocks with.
Needs to be discussed. I'm a cunt and a know-it-all, but I'm not dishonest. Making sure we had an arrangement that satisfied everyone (even if it was full-blown legal) would be needed.
We'd probably need to discuss this. I mean, I'm happy to entertain any kind of arrangement, however innovative. But the participants need to fully understand how it works.
I don't really know anyone and what their backgrounds/expertise are. That would be a big part of figuring things out.
I'm a business/finance guy myself. Have a bit of STEM education (two years in STEM before I switched major.)
>Why not just create an imaginary portfolio that everyone mimicks?
The benefit of pooling funds would be that better opportunities open up. Bigger cash float = better access to markets and so on.
If we just want to set up a play account portfolio competition or something, we can do that too.
Some markets have capital requirements. Barriers to entry and so on.
Also, play accounts, while fun, won't compare to real hands on trading experience. There's also a benefit to pooling knowledge and research.
I do participate in a play account competition myself. Up 3% in 8 days, turned 11% since December across two competitions.
I also trade actively when the opportunity presents: see earlier thread on shorting ETH. I was the OP.
I'm best at macro analysis. General market trends etc.
I'll try to set up a /biz/ virtual competition anyway, and shill it. Otherwise everyone can just join an existing competition that I'm in.
requires setting up a corporation, accounting, registration and following bunch of other rules that I doubt anyone who is capable enough on this board would give a fat fuck about creating one catered towards a bunch of poor NEETs
rofl. please stop. you have no idea how a DAO would work for a mutual fund
the creators would still have to follow the same laws of their jurisdiction. how else are you going to get assets redeemed off the blockchain?
A crypto fund already exists.
I told everyone a few days ago that new money was going to tush into any altcoin with a pulse trying to catch the next eth. Today? Double digit gains all around , triple digit in some.
Thing is about a fund , these memecoins have no fundamentals and technical analysis is a joke too. What would drive our buying and selling?
The current one I believe just buys the top 20 by market cap or something.
>how else are you going to get assets redeemed off the blockchain?
Comvert to btc and then coinbase to usd to bank account.
This is cryptocurrency. On the internet. Not sure why you think its gonna require business licence etc
Still the wild west as far as cruptos bucko
yeah, who is going to be doing the conversion? huh? it completely defeats the purpose of a DAO if someone has to do the conversion for the investors
furthermore, he is talking about a mutual fund and wants to include things other than crypto and probably wants fees too (top kek)
Oh and also, of course I wouldn't be charging fees. The experience and access to research would be enough. I'm still studying a masters. Having a solid portfolio and experience would be enough for me at this stage.