Topic: [Crypto Stocks] Combined Investment Managed Fund (Read 1205 times)

This is actually the first time I have actively participated in the forums.
I have been following bitcoins on and off the past 2 years. The other half of the operation works already as a professional financial planner, creating and managing funds for some fairly substantial clients.
But we aren't both 100% on the idea so that's why no website no email or anything that might give us an once of credibility.
Unfortunately I don't have a reputation on here, I hope to create one, and go about it the right way. I can follow mpoe-pr's advice, and basically get all my ducks in a row before I even to attempt something like this.
I want to do this the right way and not screw anything up.
I had an opportunity to create a bitcoin<>Aud website, but I didn't act, and i'm regretting it ever since.
I'll see what I can do about an example portfolio, and hopefully we can prove ourselves to the community before trying to undertake such a venture. Thanks nutterboy

To be interested in a product one must be sure it is a legitimate product in the first place. 20% return guaranteed is a nice number and would be interested, if I had any sense of it being a legitimate claim.

Collaboration between two people, want to shed light on your two bitcointalk names?

Both things generate interest if you are well known/ can safely provide statements on estimated returns. This would bring you more people to express interest so you could find yourself more people to early invest. Just my opinion on how you could grow an early community for this idea.

To respond to Nutterboy's point, This was simply an initial thread to see the reaction from the bitcoin community, i'm not currently selling any product, and do not wish to promote my employees until everything has the go ahead.

And to respond to Duffer1, why would anyone take fiat, convert it then send the bitcoins to me so i can convert it back to a fiat currency? It dosn't make sense, this product is designed for people like miners. Who earn small amounts of bitcoins regularly who would like to invest a portion in a managed fund on one of the world's most regulated and stable economies.

And thanks MPOE-PR, i don't frequent these forums as often as i should have.
This is a collaboration between two people, and its still in the extremely early phases, we have nothing more than a simple business idea, not a plan yet.
I have alot more homework to do before i can make any serious proposal in the bitcoin world, Thank you again.

Indeed. Add to that a clueless affinity for cryptostocks, the new account with no effort made to establish reputation or competence (despite plenty of we and ouring, of course), and it's a rather run of the mill red flag fest.

OP, I know cryptostocks makes it seem as though starting your very own security is a sort of past time accessible to anyone who'd like to try, sort of like adopting a pet fish. This has nothing to do with bitcoin securities in fact and everything to do with play-pretend exchanges exploiting those who'd like to try but aren't ready for one reason or another. See here, and listen to what others in this thread are telling you.

You still haven't provided any proof of your employee's ability to make this magical 20-30% ROI per year. At this stage it could be an imaginary number you have come up with. Provide some evidence that you have the means to make this 20% per year growth.

That's pretty much what I suspected.  It would likely be best for everyone if you just buy your own Bitcoins with your own money.

Think about what you're asking though.  Why would someone take their fiat, then buy bitcoins, then send those coins to the dodgiest exchange around, then give them to you so that you can use them to buy fiat?

Wat..

The risk scales exponentially at each point in that chain.

You seem to be the only one who could possibly benefit.

Thanks mate, at least you made his point. I myself believe the bitcoin will rise in value aswell.
Hence why we are trying to break into the market with our skillset. To capatalise on niches.
If you want to diversify your portfolio by having some bitcoins linked to the $AUD, it wouldn't be the stupidest move.
Just hoping to hear if any of you guys have any other issues other than a rising value of bitcoin?

But to give everyone a time schedule, work on the website will start on the 27th March.
This will just give everyone a little more information about the structure of the IPO,
more details on figures and dividend frequency (we are looking at monthly dividends).
Techniques on avoiding exchanger fees (BTC<>AUD), and share buybacks.

lol.  Well put response to Duffer1's point but I'm afraid I would still have to side with Duffer1 on this one.  Betting that the value of BTC won't increase vs. value of AUD is a pretty poor bet imho.

*Best of luck with your endeavor nonetheless (assuming legit)

Anything can happen in the bitcoin market, it is unregulated. People already buy gold with bitcoins we are simply offering an alternative to cloud mining or gold.
Our idea is provide a product that is fairly stable and regulated (the AUD) in a market with a volatile nature.
Even if the value of the bitcoin rises, your actual stake in the company remains the same, if it falls, the same thing happens.
Historically AUD has been a stable investment, during the GFC the AUD didn't take a big of a hit as other commodities.
Where as in the space of a year Bitcoins went from $20 to $1350 then back down to $550.
So when you say "That's guaranteed to happen" i hear "The Titanic is unsinkable".

I would like to hear any comments or questions people might have, but please try to have constructive criticism.
Thank you.

That's guaranteed to happen.  Your idea is terrible.

ahh ok, yeh i would be interested investing in this if you guys are legit

The company will operate in AUD and convert accordingly to pay dividends, the actual portfolio will invest in the more traditional stocks and investments.

My apologies, i worded that wrong, our prospective employees have developed and managed portfolios averaging 20% ROI each year over the past 5 peaking in the last 3 years at 30% (this is not indicative of all portfolios, but all had growth).
At the current point in time this proposal is simply a feasibility study, no product is currently being offered.
Without a abn this is market research asking the bitcoin community if they would invest in such a venture.
We intend to start a small managed fund, with the potential for growth, and work within Australian regulatory commissions, using crypto stocks as our funding platform.

Currently we aren't listed on cryptostocks, the project is still in the market research phase.
If we see there is sufficient interest in such a venture we will fund a website and purchase a listing on cryptostocks.
Before we purchase the listing we will have an abn.

"Our employees have consistently returned averages of 20% R.O.I p.a. peaking at 30% in the past 3 years"

Can you please provide proof of this and another other type of proof of the companies history thanks.

Also would it be more beneficial to use a online broker like cmcmarkets.com.au where you would have access to other international markets/securities instead of just Australia alone? Thanks again.

also whats the link to your cryptostocks? I cant find it on there. Thanks

cool so you guys are based in Australia. It seems as tho you guys are running an actual company yeah? Could we have more details about this Australian company, abn, acn? etc. Thank you

I am pleased to introduce a Managed Fund investment opportunity on cryptostocks.com.
CIMF is only in the preliminary stages as of the moment but our vision is to have a managed fund within 6 months of our IPO.
CIMF will employ financial advisors on a commission basis, based on their previous work and past portfolios.

With the capital raised on cryptostocks.com the bitcoins will then be exchanged into $AUD and the money will be deposited into a managed fund.
This is a niche of the market that we believe exists, bitcoin enthusiasts have looked for a way to have a fairly stable backing like gold,
with CIMF you are able to invest in the $AUD stock market and have regular returns.
Because our company is based in two currencies problems arise with exchange rates and the value of stock.  We intend to start small, and grow in manageable stages.
Our IPO will initially be worth only $AUD50,000. The bitcoins collected will then be exchanged and invested on the Australian Stock Exchange.
The company will be based in AUD, so shareholders will receive a dividend based on the value of the AUD and performance of the fund.
Because of the volatile nature of the bitcoin, this is an investment opportunity to have a stable investment like gold but earning interest at the same time.
The only downside is if the bitcoin rises in value against the AUD. We hope to overcome this by offering ‘1 cent’ shares enabling miners to invest some of their income investing in a stable currency.
Payouts will be calculated in AUD and then divided by the number of shareholders in bitcoins.

Our employees have consistently returned averages of 20% R.O.I p.a. peaking at 30% in the past 3 years.
Working on a commission basis encourages our financial advisors to perform to the best of their ability.
This will be a simple 20% additional commission for every dollar made over 20%. For example: if $100 earns 30% interest, we will deduct $2 as commission.
The only other fee associated with the fund is an initial 5% admin fee.  This 5% will be held in the fund owned by CIMF.
This will be the only fee associated with the investment, the only other being the performance based commission.

With this project being in its infancy, I would like to introduce it to the bitcoin community to assess market feasibility,
hone and possibly revise our business plan using input from the bitcoin community. With saying that, I welcome all comments and questions and will try to address every point.