Re: Extropian Investment Club: Money Pool
James Rogers (jamesr@best.com)
Fri, 23 May 1997 11:14:10 -0700
At 04:27 AM 5/23/97 -0700, you wrote:
>
> I can spare 50 bucks if everyone else spares 50 bucks .
>Let's see... how many people are on this list ?
>Last time I checked it was around 350, but that was a few months ago .
>Who can be trusted with $17,500 ?
>
Aside from the trust issue, there are legal issues with doing this as well.
The SEC gets annoyed when people invest money for groups using their
individual accounts. You normally have to set up a group account which
involves extra paperwork and other hassles.
-James Rogers
jamesr@best.com