Platinum Wealth Investment Club

[marco79]

Email sent.

 

[Thor]

add me so long. although you have cleared up the 'who controls the millions?' questions. how do we ensure no on can just run with the money?

There will be legal agreements drawn up I will not be comfortable running this on verbal agreements I am a very strict person by nature so I can give you my word no money will be handled before agreements are in place and due diligence was followed. I also want to open a bank account for Platinum Wealth.

 

[Hamster]

@akescpt

I am busy with the math side of things everyone will be entailed to the wealth proportionally regarding signing rights if I can get enough people aiming for 20 max ( for the starting "board" ) then we can decide after the first couple meetings I will be automatically included

And then after this lets say 5 years down the line there are more people that want to join, the orginal starting group that we are getting together here now will be the "majority weighted vote".

I am now just busy working on the math for how wealth will be distributed if X years from now Y people join etc.

I am still very noob hence why I am so excited.

And then you can list on the JSE and unde JSE:ThorSTORIA :twisted:

 

[Thor]

 

[Thor]

Tonight after work I will draw up the Mission statement of the club, preliminary goals run it buy the guys already in the whatsapp group and then post it here in my OP

I will do a bit more effort tonight with explaining what the club will be about for those of you like Hamster that want a bit more info upfront I will do a little brochure type digest.

Edit: pun intended

 

[shooter69]

I am excited. This could be very educational and fun. Great for networking and might even make me some money.

 

[Tman*]

email sent

 

[Purply]

I'll bite, email sent.

 

[Slamz]

I am excited. This could be very educational and fun. Great for networking and might even make me some money.

yeah, always wanted to get into something like this, but lack the skills... nice to know there going to be a few guys doing it so we can all learn from each other

 

[Alton Turner Blackwood]

Tentative

 

[Purply]

Could a person double or triple their "contribution" instead of the "default" amount?

 

[padjakkels]

Valid question. Will also put it on the TODO to discuss

 

[Hamster]

Could a person double or triple their "contribution" instead of the "default" amount?

...and how does this affect they're voting power?

 

[shooter69]

...and how does this affect they're voting power?

I do not think this should increase/decrease voting power at all. That removes the whole "club" thing and gives the richest person the most voting rights. Pay to win. I would actually vote against doubling/tripling contributions for this very reason as well as the person that has to keep track of who has the most money and the least. Keep it standard for now at least...

 

[Papsak]

what makes this different to a stokvel - and what regulations do they have? And if you go the pty route, surely you must register with the FSB?

 

[Necropolis]

For the people getting involved I would just be very sure about the legal implications of this.

Considering specifically that Thor has stated that he doesn't know wtf he is doing...

 

[Hamster]

For the people getting involved I would just be very sure about the legal implications of this.

Considering specially that Thor has stated that he doesn't know wtf he is doing...

Fscking LOL!!

 

[Noseworthy]

In it to win it

 

[Noseworthy]

Investment Group
Invests money in order to benefit from the interest. When an investment pays out, the money is split but, in some cases, part of it will be kept back for reinvestment.

From Wiki https://en.wikipedia.org/wiki/Stokvel

 

[ld13]

I am now just busy working on the math for how wealth will be distributed if X years from now Y people join etc.

Units. Solves a few other problems as well. Eg. allows another user to buy out a user that intends to leave ... without the need to sell the underlying assets.

I foresee problems though.