Can I offer a real assessment? I would say the first couple of questions should be:
1- how much are people willing to invest? I think the number should be fair, so as no not make people feel ripped off if they start. I would start at $20, maximum $100 per person
2- Selection strategy. Each person has an equal vote, with a weighted average based on their contribution. Invest more and your vote has more weight. Say if we had a hundred people in. We could pick a list of investments and vote on it. Go from there.
3. Contributions most likely need to be sent via pay pal. If we are talking about stock/bond/otc/forex investments then somebody has to designated as the "dealer". Trust is big on that part.
4. How do you get your money/investment back? I guess it could be sent back via PayPal or some mechanism but that needs to be decided.
I personally would love to have some Coli day trader fund be set up. Get risky and aggressive. Do options trading and things that have good risk reward to it. I can afford to lose a $100, especially if the pay off could be a few grand
Bottom line is I'm down but I'm not trying to talk about it. I'm trying to be about it. What say you?
Sounds great. I dont think $100 should be too great of a loss for anyone if it doesn't work out
I'm 4 pages deep and didn't see many suggestions to actually start a business together here are some tangible things we could do together for very little money.
#1 we could all invest in @Blacksands video game idea to get him the boost he needs to make his idea really something real
#2 We could start a "black investment club" where we make small loans to businesses who need the loans in exchange for percentages of profits or payback of the loan with interest
#3 we could start an MLM. Granted, this isn't the BEST option, but if we started an MLM, started posting pictures online and using that as a way to recruit one of those big people in an MLM, we could all sit pretty until we get shutdown white people do it over and over and make a killing, why shouldn't we?
#4 we could start an alternative media channel online. We have enough people here that we definitely have the capabilities for writing, video journalism, etc. and we already do this in various forums. We could get a plan together (those who invest) and build a media channel that represents our view and eventually get sponsors and sell it to a larger company (Viacomm for example) or keep it independent
#5 (and this one is the MOST controversial) we start a business aimed specifically at white people in order to get the white dollar into the black community. Asians have hair care stores and food stores in our neighborhoods and we flock to those and give our dollar to different communities, why shouldn't we aim for a different communities dollar to bring into our community? My plan would be (again this is controversial) we start a clothing business that is directly for white people where we sell Trump branded memorabilia in rebel flag print, anti Hillary messages, stupid south sayings like "This is OUR country" etc. We really walk the line between acceptable and controversial. This would do two things: 1 we would make money because we know that hillbillies would buy the shyt and 2 we would be directly undermining them by selling it to them. If we ran an online store it would be little investment (the website, photoshop, printer for the shirts etc., marketing) and we know these types of people aren't going anywhere any time soon
personally, I'd rather invest in a known company (stocks for known companies) than for a startup business. the risk with startup is very high and you might not get your investment back. at least with stocks, you pretty much know the companies aren't going broke, so while you can make or lose money, there's virtually no risk of losing everything.
as for point #2, I would not want to lend my personal money to a business. I'm not a bank, and I have no way of taking any real repercussions if I don't get my money back.
as for point #3 that MLM bullshyt.
That's how I feel. To me in most cases $100 is the maximum amount most people here should be comfortable parting with without getting too pissed off if things don't work out.
I don't know if we could but in theory if you could get 100 people here to invest $100 we could make something happen on the day trading/options trading thing. I remember a thread here where a dude was making it happen with options.
Don't trade stock options breh...
I don't know how most people here feel but I'm more inclined to take a chance on more risky investments, just based on the small amount we would invest individually. Focus solely on high risk high reward. I say: shorting stocks, options, day trading, forex. Things that have potential to generate funds quick.
I agree with you... but if we are talking collectively, we all put in 100 dollars and give a breh 20,30K to build something... what's the REAL risk? you lose $100?
As for loaning people money it's not hard to collect if you have iron clad contracts, collateral, and the legal system.
And #3 (starting an MLM)... I'm not saying it would be the wisest thing to do but you're playing yourself if you don't think the people at the top of the pyramid aren't making dough.
But I'm curious... (not trying to be an ass) what are your ideas? You want to invest in the stock market? Better off gettin a Roth IRA honestly you don't want to help a breh on the coli reach his dreams when he might be able to flip his game into a company that hires black engineers... It's more about the long play than the short play honestly
personally, I'd rather folks on here share their knowledge of finance and investing so folks can decide on their own if they want to do it and/or risk as much or little of their money as they want and hopefully make some money in the process.
I have two retirement accounts, one of which is a roth IRA, and I have my personal account for investing.
options are EXTREMELY risky. and if you are worried about potentially losing money fast, I'd avoid them like the plague. cuz when that margin call come, that's yo ass.