Post
Topic
Board Securities
Re: [BTC-EQTY] Version 2 - An Investment fund with proven returns!
by
Deprived
on 02/10/2013, 07:23:52 UTC
Sorry to be off topic. Deprived, may I ask whether you will plan to create a new fund, or maybe you think there's no good chance to invest at the current stage? Thanks.

No plans at present.  It's trivially easy to run a 'profitable' fund - just invest in fixed-rate bonds and deposit the rest in Coinlenders.  Of course a fund manager doing that would just be skimming fees off for doing very little (other than adding an extra layer of CP risk).  But it would seem to make a profit if looking at results - unless/until one of the 'safe' investments defaulted.

Investment-wise there's a few worthwhile investments around (none of them mining BTC as primary income source) - but not enough for me to want to run an investment fund (I wasn't running one anyway).  Trading has always been where the profit is - simply because making a profit investing requires good underlying investments, whilst trading doesn't.  When most securities are shockingly bad it's hard to make a profit from relying on the security actually performing well - far easier to rely on stupid market participants of which there's no shortage.