Send David on a trip?

[thefoundryman]

This whole thread strikes me as peculiar, like a strange Spanky and Our Gang "Hey, kids, let's put on a show!" episode. Frankly I find it a little unseemly and condescending, notwithstanding the obvious good intentions.

No one else but yourself has anything good to say or what?

 

[Blacknight]

No one else but yourself has anything good to say or what?

Would you mind clarifying?

 

[Drew UK]

How about the Paracast Investment Fund?

This could be a rough draft of a proposal,

Say, you could put up initial starting costs (60%) - up to 18000 USD, another 40% could be provided by members - 12000 USD.
(600 USD x 20 members)

Total Initial Investment = $30000.

Stock, Assets and Securities could be selected by a chosen Fund Manager (and principle investors) through polling system, and progress could be reported in a new topic section to discuss - Daz and Gulliver could even use remote viewing to review balance sheet of selected companies!!.

Goal (1st Year) - To increment initial investment by 50% (a reasonable target, if the correct fund manager is chosen, given the number of relatively cheap assets out there) = Targeted increment; £15000.

On this profit, $15000.

Outline 10% to cover fees, taxes and administration charges = $1500
Outline 50% disposable income to cover operational costs to show = $7500 ($625 / month)
Outline remainding 40% to be reinvested for year 2 = $6000.

Carried forward; $36000.

Goal (2nd Year) - TBC.

Conditions - That no principle investor can dictate how the format and control of the show is executed, but reserves the right to lobby how the investments are controlled on a weighted poll basis. Assets can be recovered by the investor including profits and losses, subject to x% handling fees.

I would be willing to put up $2000, to start -

Given, of course that the terms and conditions and objectives are only an idea here and would need more detailed consideration and solicited consultation first.

 

[AnnetteMarie]

sounds complicated, and complicated is not what the intent was when the idea was proposed.
I think the system of keeping things simple is the best system; less to mess up, less to go wrong, etc.

Simple is something like this: put a call out to the forum asking for a vote - how many in favour of shelling out a buck or twenty and if the amount is worthwhile, then collect, travel and investigate, report with frequent blogs and a series of episodes if enough material is collected, or just one to bemoan that nothing new or anything that is credible was discovered, although the chocolate in Schenectady was absolutely terrific, but even better in Georgia...
I don't personally find an interest in a plan/proposal more complicated or restrictive than that.

 

[AnnetteMarie]

oh, and none of this is germaine unless David or Gene wants or agrees to have it done, anyway.

 

[Blacknight]

sounds complicated, and complicated is not what the intent was when the idea was proposed.
I think the system of keeping things simple is the best system; less to mess up, less to go wrong, etc.

Simple is something like this: put a call out to the forum asking for a vote - how many in favour of shelling out a buck or twenty and if the amount is worthwhile, then collect, travel and investigate, report with frequent blogs and a series of episodes if enough material is collected, or just one to bemoan that nothing new or anything that is credible was discovered, although the chocolate in Schenectady was absolutely terrific, but even better in Georgia...
I don't personally find an interest in a plan/proposal more complicated or restrictive than that.

Simple is this:

1.) Ask David. If, in the unlikely event he approves of having funds (most likely taxable income) solicited on his behalf,

2.) send him a check (but watch out for gift tax implications if you get too charitable!).

Any proposal better have a good legal review first, since some of what I'm reading here would certainly have legal implications, including securities laws (especially with a Madoff-ian 50% return assumption), tax issues, state solicitation and general consumer considerations, etc.

 

[dusty]

However it's done it's gotta be done, count me in on a donation.

I'm sure we can make it so.

Mark

 

[thefoundryman]

Would you mind clarifying?

I totally apologize, and retract the previous statement BK. I misread which thread you had posted in. It was completely taken out of context.

 

[Blacknight]

I totally apologize, and retract the previous statement BK. I misread which thread you had posted in. It was completely taken out of context.

I'm married so I have no absolutely no experience with accepting (as opposed to making) apologies. It certainly isn't necessary in this case, but thank you anyway.

 

[itsthenoise]

I'm married so I have no absolutely no experience with accepting (as opposed to making) apologies.

that's so universally true... "I am... a man... therefore... I am... wrong"

... unless of course you're blacknightee?

 

[Bleeds Orange and Brown]

Simple is this:

1.) Ask David. If, in the unlikely event he approves of having funds (most likely taxable income) solicited on his behalf,

2.) send him a check (but watch out for gift tax implications if you get too charitable!).

Any proposal better have a good legal review first, since some of what I'm reading here would certainly have legal implications, including securities laws (especially with a Madoff-ian 50% return assumption), tax issues, state solicitation and general consumer considerations, etc.

I guess this is why I thought a third party overseeing the funds would prevent a taxable situation for David, but I'm certainly no tax expert, and these are points I never would have considered.