How to raise money legally?

DrawDown · Jun 24, 2006

Quote from ElectricSavant:

Michael B.

I am in the stage that I need more capital

You mean, MORE than the $6,000 you already have in your trading acct??

What on earth for?!

dd

ElectricSavant · Jun 24, 2006

I was quoting... COiNzY...

But I need a lot more capital too!

I have 8k in my account!!!! I am a little bigger than you thought

In a few years I will have double.....

the piker
Michael B.

heHe

Quote from DrawDown:

You mean, MORE than the $6,000 you already have in your trading acct??

What on earth for?!

dd

TSGannGalt · Jun 24, 2006

Basically, you're just a little kid.

If you are serious about doing business with OPM, get a license. Go through the required process. That's the "minimal" responsibility you have towards your client.

You sound like a dumb medical college kid who starts treating friends and family without a license, ending up killing his parents.

Freagin' whiner...

*sigh*

qll · Jun 25, 2006

Quote from ElectricSavant:

I was quoting... COiNzY...

But I need a lot more capital too!

I have 8k in my account!!!! I am a little bigger than you thought

In a few years I will have double.....

the piker
Michael B.

heHe

you posted 9477 and only has $8k?
you could come to work for me. i will pay you 8k to post 8000 messages.

ElectricSavant · Jun 25, 2006

I got the ET t-shirt...

Quote from qll:

you posted 9477 and only has $8k?
you could come to work for me. i will pay you 8k to post 8000 messages.

zoo · Jul 4, 2006

Quote from cdowis:

You can legally trade for friends and relatives, etc, without any licensing requirement. There is a limit on the number of accounts.

How does one trade more than one account at one time? If somebody is managing 10 accounts with between 10K and 20K in each account with a total of 150K, then how would they trade all the accounts at one time without intermingling the money and keeping track of each persons individual amount that is owed to them if the account were being daytraded or swing traded? What software would they use and keep track of each account?

nastazio151 · Jul 4, 2006

Quote from TSGannGalt:

Basically, you're just a little kid.

If you are serious about doing business with OPM, get a license. Go through the required process. That's the "minimal" responsibility you have towards your client.

You sound like a dumb medical college kid who starts treating friends and family without a license, ending up killing his parents.

Freagin' whiner...

*sigh*

Agree, if a licence's too much trouble then managing money 24/7?

traderyin · Jul 4, 2006

Form a LLC and let them invest in the LLC. And you use the asset in the LLC to trade.

But everytime you get a new investor you might have to re-charter.

I think this is one of most efficient way.

qll · Jul 4, 2006

Quote from traderyin:

Form a LLC and let them invest in the LLC. And you use the asset in the LLC to trade.

But everytime you get a new investor you might have to re-charter.

I think this is one of most efficient way.

could you give a procedure comparison and cost comparison between forming a LLC and a hedge fund?

I thought most the regulation of hedge funds only control how you RAISE money, not how you set up the funds. Does it make any difference between "invest 100K in my hedge fund" or "invest 100K in my LLC". I remember the credit investor rule also apply to venture capitals as well. Most startups are C Corps.

qll · Jul 4, 2006

Quote from zoo:

How does one trade more than one account at one time? If somebody is managing 10 accounts with between 10K and 20K in each account with a total of 150K, then how would they trade all the accounts at one time without intermingling the money and keeping track of each persons individual amount that is owed to them if the account were being daytraded or swing traded? What software would they use and keep track of each account?

i make contracts with each client. if i trade Intel, I may buy 1000 at 17 in one account and buy 2000 at 17.2 in another. i use multiple browsers, PCs to trade. glad that most are just long term holdings.

one trick i do is that use the biggest account to buy all shares, then trade with other clients accounts. like buy 10000 shares of intel and sell 1000 shares to client b then sell 800 to client c etc. I found that way is easiest to trade, but it also lost shares to gained shares during the swap, because marketmarkers always step in. Since most of my holdings are thinly traded stocks, not many active makers or traders are in there.