Recent content by KDUN02

Good to hear. Jack is the man. He called this bull market right before he left IC. Hopefully he can get back on Business Talk Radio very soon.

It is simple. Set up a LLC or LLP and pool the money through that. It works great and I recently set one up for less than $600. Just keep it small and you don't have to worry about any regulatory conflicts. If you have a good track record and are confident in your trading, why not trade...

Who is posting to this old thread. I set up an LLC and trade through that. It works great and cost was less than $600. Keep it small and you don't have to worry about any regulatory conflicts. Why not trade for your family and friends. If they want to make a real return on their...

I did the same thing, LLC with broker and it works great. I have 8 investors in the LLC and am paid a performance fee quarterly. There is no need to spend the money to set up a useless incubator fund unless you want to throw away money to an attorney and don't have other investors.

Thanks to all for the great input. It sounds like the LLC is the way to go, not knowing if I will be adding partners down the road. I would like to verify that there are no liscencing requirements on my part even though my father would be classified as a non-accredited investor. Thanks...

I am wondering if it is possible/legal to set up a LLC/LP with my father where I can trade his and my money together. He would be classified as an unaccredited investor and would be paying me 1% plus 20% on gains. Has anyone done this or researched the legality of it. I will not do it if I...