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/biz/ - Business & Finance

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4706033 No.4706033 [Reply] [Original]

Hey there, my friends are bugging me to pool their money and invest for them but I don't know how to account for everyone's money if I pile it all together.

Does anyone have any information on how I could basically run a small private fund? Do I need special software? Do I have to have an accountant? Thanks anons.

>> No.4706351

>>4706033

I do this and charge people 5% to invest with me and 10% to withdraw. I don’t really keep track of their actual gains losses so I basically run it like a Ponzi scheme and pay out the first investors with the new money coming in. I’ll probably wind up in jail but whatevs

>> No.4706400
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4706400

>>4706351
kek. keep up god's work you beautiful beast

>> No.4706416

Get a bitcoin hardware wallet, convert all their money to BCH, put on wallet, watch it outperform BTC

>> No.4706436

>>4706033
You should make a volatility trading bot and trade with their investment

>> No.4706489
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4706489

>>4706033
Yes. thats like doing business with friends or relatives. It always ends up badly. Youll never talk to them again once the fund/business blows up lol

Public hedge funds have very strict laws. Then there is a middle ground between public and just your account with friends money where you run a private fund for example as many large companies do

>> No.4706491

>>4706033
I feel like if you don't already know this stuff you have no business investing other people's money.

I mean, what's in it for you other than a big headache?