blonde poker forum

This idea emerged earlier on a different thread and there was a quite good response from people that would be interested in the possibillity of starting a investment group.

Various people have already expressed a interest in joining and in the running of this group. I'm not sure of what kind of kind of financial imput we would be looking at, but I would like to gauge peoples intersest in the idea first and then we can make a group decision on all fronts.

If anyone on blonde has ever done these before any ideas / support would be gratefully taken.

I think that whatever happens we need some ground rules from the start, but lets get people on board first.


Mike Clark


POSSIBLE INTERESTED PEOPLE

Phatomch
Jizzemm
Gatso
Glasgow Bandit
Rookie
Byronkincaid
Ace2m
Mondatoo
Silo Graham
Jon MW
Redsimon
Relaedgc
Acidmouse
Technolog
Longy
Newmanseye

I will have a dabble ... max of £25 a month though.

No knowledge or much interest in the markets tbh ... but always looking for something new to learn :)

http://www.ehow.com/how_3505_start-investment-club.html

I'm interested, any idea of minimum & maximum investment amounts at this stage?

That was exactly the kind of ££  area I aws thinking of Kev with say 20 fellow blondes it would make a reasonable amount each month to put somewhere

at  those levels count me in

Less commission to Investment consultant obv.

 ;indestructable;

 ;indestructable;

I'm interested, always fancies having a dabble on the stock exchange!

go on then, sounds good

 ;indestructable; ;indestructable; ;indestructable; ;indestructable; ;indestructable;

My idea would be maybe we all put in £50 (or double monthly contribution) on month one, that way we can keep half back in case anything we deem as a bargain comes up at short notice that way we have the money available to not have to wait for people to pay up.

Anyone thats serious about this should sign up for a 1 year minimum, and we have a set value of how much we put in (one person cant put £100 pm and everyone else £25 it will make the admin side of it a major headache.

I want to take a back seat on this...too much other stuff going on, and I never say no. My own worst enemy

I'll advise or help if asked once its set up. ok?

for the time being

- how will you meet? make decisions? how often?

- how will you invest? set up an account with a broker? bank?

- how often if at all will you pay out?

- who will admin the account?

- uk shares only?

- what timeframes for investment?

- any no-nos? eg particular companies or sectors?


etc etc

PM me if you need further thoughts, over and out

cheers tighty any help you could give would be much appreciated, you said about commission to the investment consultant, have you got any rough ideas how much this could be, just so we go into this with our eyes open from the beginning.

I was joking.Investment consultant=me

charges are typically 2% for a share purchase including stamp duty and commission

 ;marks;

I think the intial stake would have to be bigger than the monthly 20/25 quid - but if the take up in terms of numbers is high 50 would probably be enough?

My thoughts on tighty's questions for potential members comments...



- how will you meet? make decisions? how often?
An actually in person meeting could be just an annual thing? If there was a site set up then decisions could be made by polls. If each member puts the same in then 1 member can equal 1 vote and we can have a rule for support for investments to be made 60/40 or simple majority etc


- how will you invest? set up an account with a broker? bank?

 ;whistle; I have absolutely no knowledge of how this works. I guess it would be with someone who provides an easy online system for the administrators - also obviously one that charges the least!

- how often if at all will you pay out?

With this market it must be looking at 18 months until that would be an issue but I would thing perhaps annually, being the point where people could also leave?


- who will admin the account?
probably need a couple of people on board to make sure the work load doesn't become a problem. the servig term could be staggered to spread the workload and make sure there is good knowledge transfer between terms of the admins.


- uk shares only?
Would this depend on the broker etc chosen?


- what timeframes for investment?

Looking like minimum 2 years with the current situation?


- any no-nos? eg particular companies or sectors?

No ethics or morals, just a balanced portfolio of risk

This is the big one for me, poker players are notoriously unrealiable we would have to make sure that everybody understand that they have to contribute every month or they are out immediatly. They would only getting back what they put in if the fund is in profit or only getting their share if there is a loss...call it a penalty clause, people should not be able to use the fund to push up their bankroll or pokerplaying habit and then later get back in again.

I can see there being 2 tiers;

One is the 25£ a month and the other a £50 a month, this should be fairly straightforward to maintain. You should not be able to jump between tiers as the admin side would be hell.

Pay-out of profits is a tricky one, I am more than happy to let my money in for years to come at the moment as I can afford to do so (at the moment). But I reckon after each full year people should be able to withdraw the full amount , unless the majority says that they would prefer that everybody gets their profit paid out at the end of the year and people have the choice to quit the fund at that stage. I reckon those are the only two ways to keep the admin side manageable.

I would suggest we'd discuss the shares to start off with and then pick 2 or 3..every 3 months or so we could then decide wether we would stick with those shares, add some new shares with the new money that has come in, or sell those shares and move everything on to new shares. The new shares could also be decided at that stage. People can put their case forward as to why they suggest taking a certain course of action or why they like a certain share and would suggest investing in it and we could all just vote on it (Via a poll ).

just a few quick thoughts.

there is stuff that you can or cannot do legaly, need a chairman and a treasurer etc IIRC from reading an articlre about it years ago.

this is the bible I think

http://www.proshareclubs.co.uk/cgi-bin/proshareclubs/startingaclub/pagewiz.cgi?pg=/club_manual.htm (http://www.proshareclubs.co.uk/cgi-bin/proshareclubs/startingaclub/pagewiz.cgi?pg=/club_manual.htm)

my thoughts exactly boldie what we dont want is people saying ok then quiting 3 months down the line. I want this to be a done in the spirit of Blonde where its a friendly thing and we dont want the argument of having to say to someone sorry the money you've put in for 3 months is gone.

If you put down if you may be interested ill put your name down on the list and we will see how many we have.

if your gonna invest like this, I'd suggest doing it through a market-maker, they generally operate commission/fee free, and they even let you trade on margin, so you can get even more leverage for your money.

Obviously with something like this, you dont actually own a % of any companies you invest in, you are basically generating profit/loss based on the movement in the share price, but the lack of fees and the margin in my opinion makes it a much better idea.

edited to add: I dont have any idea about the legality of doing it as part of an investment group etc and charges involved so the above might be a load of bs.

i'm in

Having had a look at whats involved and the timescales that are needed to commit ... im out.

i hope you can get something going though.

Good luck with it.

No worries Kev

could someone give me a real idiots guide to how tax would work on this please. I'm clueless in such matters

any gains are not taxable up to a capital gains tax threshold £8,500 I think. Would be doing extremely well to get there on £50 a month!!


above that you declare gains on a tax return and pay tax at your marginal rate

I'm in (for £25 a month).Only thing that i'm really bothered about is how we set it up i don't think everything we do should  be available for anyone to read on a public forum,obvioulsy we should keep updating on here but a password protected forum should be the way forward imo.

PS When we make loadsa money we can buy into blonde and get that bloke from colchester sacked  ;)

You dont need to buy into blonde to try that .... and you wouldnt be the first ;)

Yeah we would have to have our own password protected site that we could do everything through.

LOL Why would any want that you make every tourney you enter on blonde much easier to win  ;whistle;

Shame you can't commit to this Kev m8 don't worry we'll not forget you when we're multigazillionaires. This time next year ....

Im interested in this, don't have a great deal of experience in this field though. Deffo interested in learning.

First, let me say that I've not had time to read the thread other than the first few posts - gotta get to bed - beauty sleep required and all that.

With that caveat, I would like to register an interest. I'm in Blackpool for the weekend so possibly won't get chance to read it properly until Monday (unless I can sneak a look at work ;) )

I was a member of an IG at work for a short while and it was good fun although not particularly profitable.

I would guess it's a good time to invest. Is the FTSE liable to fall much more Tighty?

Good Luck with this, it sounds fascinating. I'd be interested, but as recession looms closer, any spare cash is used to keep my business afloat.
If you make some healthy profits & decide you want to invest in the Art market, I can offer some good advice  :)up

I donk off at least £25 a month on blonde casino games and more so I would be interested. I wouldn't  want any input into making decisions, it just the fun of taking risks :)

I'd like to get involved, because it's always intrigued me and this seems a relatively gentle entrance into the market. How are the funds going to be managed? £25 a month is £300 a year, plus potential earnings. With twenty people involved, that's £6000. A lot of money. I'll be happy to go with a reputable person if they're supported by other members of the community.

+1, up to £50 per month

Suggestion about needing to meet? Blondebash weekends meet before bash? (when sobriety rules?)

Which is one of the reasons why I wanted Tighty involved. He  knows what he's doing (even though he has shares in Blonde which worries me somewhat ;) )and I would trust him with my life's savings.

I'd be interested in this, as long as clear rules can be established before it is set up so there is no ambiguity about how it is working.

I think a separate 'Blonde Investment Forum' elsewhere would be a good idea if it can be done, as well as the security of not putting things on a public forum anybody not involved is likely to get a bit bored with all the details being discussed here.

+1

Should be fun, as mentioned in the other thread, I'm in. I'm not investing too much at the moment though so if it's much more than the £25/£50 pm, I'm probably not in.

A separate board on here would do, just give access to it to those in the club.  Saves having another forum to log in to elsewhere daily

PM

"Hey Kev, I've finally convinced em.....what %share do you want of Boldie's loot? PM soonest"

lol

FYP

PM

"Go for the lot mate ... we will split it down the middle as agreed"

 :hello:

Is this possible, to have a locked thread on here where only our members could access, it would sort out 1 of the start up issues ?

Has everyone lost interest in this already ??

I'm still up for it mate..but don't have the time to organise it all.

im up for it, max £50 per month

I am still interested fwiw.

yeah, sorry fella's been meaning to move this to next level, but been so busy.

Is this possible, to have a locked thread on here where only our members could access, it would sort out 1 of the start up issues ?

I'm probs still interested but have zero knowledge so not going to be any use setting it up

Okay, so we've got a few interested in punting a few pounds per month. How about we all do a bit of reading on the subject then come back in a week or so. We might be better placed to know what we need to do to get started and can take the first few, faltering steps to bankruptcy fame & fortune.

Here's some links that may be of use:

Proshare (http://www.proshareclubs.co.uk/)

HM Revenue & Customs (http://www.hmrc.gov.uk/cgt/investment_clubsfaqs.htm)

thisismoney.co.uk (http://www.thisismoney.co.uk/help-and-advice/advice-banks/article.html?in_advicepage_id=96&in_article_id=394198&in_page_id=90)

Motley Fool (http://www.fool.co.uk/Investing/guides/Investment-Clubs-Part-I.aspx)

LSE (http://www.londonstockexchange.com/en-gb/pricesnews/education/firsttimeinvestors/investmentfactsheets/whyinvestinshares/investclubs.htm)

bye bye?

This still going to happen? Heard nothing on it.

 ;bump;

I take it we're all still formulating our thoughts on this?

I've done a little reading. It seems we can only have 20 members max for tax reasons and other complications that more members bring. There are 16 names on this thread's OP is everyone still interested?

The Proshare Investment Club Manual appears to be the bible in all such matters and we probably need to buy a copy to progress matters further - in a safe and secure manner. I'm willing to buy it and pdf it (or the salient points if size dictates) for distribution to (prospective) members.

We'll need a 'treasurer's' bank account and a broker. Has anyone got any thought's in these areas.

As regards meetings, I think the fact we're far-flung around the country means we'll have to be forum-based largely. Perhaps we could have bi-annual get togethers attached to blonde bashes? Is there a possibility we could have a separate section of blonde for our discussions - a bit like the mod's boards? Or is someone willing and able to set up a separate mechanism, probably a separate forum?

A subscription of £25 per month sounds about right but personally (and I'm not sure whether it's allowed) I don't see why we can't all pay different, set amounts (to suit individual pockets) and all the profits/losses are worked out on a pro-rata basis. Should be moderately easy to administer with the help of a spreadsheet.

This could be great fun if we take the time to do it properly and go into it with our eyes open - be a shame for the idea to wither and die.

yas, up for it

i'm still up for it.

+1

I would like to get this organised, but i wouldn't have a clue where to start to be honest. Regarding having a serperate forum for this, we would clearly need to clear this with the management as it were.

The shareholder meetings at blonde bashes, seems to me the only logical solution.

Please add me to the list,£50 mth sounds good. Prep meet at Bb7 even, bring the book Jack.

+1

I'm up for it and seems good idea to get it started at bb7

IS there still room for one more?

Do you know someone?

Still interested.

SIGH - love you too babe  ;dingdell; ;)

Ok, for anyone who had any doubt, I meant is there room for me?

Proshare manual purchased.

I'm still interested in it for what it's worth :)

Me too

Manual's arrived. All being well I'll get it pdfed (is this a proper verb?) at work and winging it's way to prospective members who have expressed an interest on this thread. Incidentally, this is allowed under the copyright agreement in the front of the manual just in anyone was worried ldno.

thaks for doing it.

Should we not start taking payments in asap so we actually have some money to invest when we are ready, would be good to confirm peoples intent also.

Probably best to take our time, let people make an informed decision once they have the details. If we rush into it at the start we risk making some possibly expensive mistakes, imo  :dontask:

iii are offering free trades for buying shares till the end of the year

I wasn't saying we should buy anything immediately just start collecting money in the bank account we are going to set up, at least then we will have some money to play with when we do know where the money is going.

It was suggested on this thread  http://blondepoker.com/forum/index.php?topic=36482.0 to let ye know about our September Stocks Challenge.  Would give ye a bit of a trial run with 'play money' before ye toss yer real money around the place. 

Right, the manual is now digitised and uploaded. I was going to send a PM to everyone who'd expressed an interest on the thread, but after typing in the various names I was informed I couldn't send a PM to more than 10 people.

So can those that are still interested PM me and I'll send them the link.

 ;bump;

Only sent the link to 3 people upto now...

Can you send it to me please Jack?

+1

Right. That nice man kinboshi has set us up with our own little forum at blondepoker.proboards102.com (http://blondepoker.proboards102.com/) (N.B. no www.)

The idea is that membership of the forum is by approval only, so only people that have expressed an interest in the investment club will get access. Later, when the club is underway, we'll make some 'business' areas for investment club members only, while prospective members will be able to access the open areas of the forum.

Mr Phillips is meant to get an email when people have joined the forum and are seeking approval (hmmm - seeking approval from kinboshi - that's wrong on soooo many levels) but we're not sure that that mechanism is working. If approval seems to be taking a while, PM kinboshi, ginger or me here on Blonde.

There's several threads on the new forum awaiting discussion about areas we need to make some decisions on before our inaugural meeting.

I'm hoping that we can have our inaugural meeting at the Blonde Bash but with it less than 2 weeks away now, it's gonna be tight.

So, get signed up and let's get this show on the road!

Aprroval requested -- this is so exiting waiting for Kin to approve me  ;tracet;

Rookie for mod?

When I try the link it asks me to log in but says my passwords wrong. I don't really have time to suggest shares etc and won't be at BB7 but Im still willing to put in £25 per month and be a "silent" partner/contributor. Can someone running this let me know if this is possible?

I'm sure it's possible but it'd be great if everyone could get involved - it should be fun! Did you know The Duke's interested!

As it's a separate forum, you have to register before you can log-in as your details from here are not carried over to that forum.

Brewery shares FTW?

We are toast --  rotflmfao rotflmfao rotflmfao

Quote from Manual

Top Tip -- Listen

Empty vessels make most noise. Don't always let the gregarious members dominate the meetings. Remember, quiet people are often the wisest, they don't speak unless they have something useful to say, so when they express an opinon -- listen.

Oh dear dear dear

If anyone signs up to the BIG forum, send me a PM on here so I can make the account live.  It doesn't email me to tell me that there are pending members.

:)up

Right..signed up and approved within seconds...Nice to know Kin is on the ball somewhere :)

FFS boldie - you're still on 0, nil, nought, nada (Z-E-R-O) posts on the other forum.

My world is in tatters!

Well, I didn't want to have more posts than Kin that quickly...it'd be rude :)

;whistle;

Kin,I got same probs as Simon.can u look at it pls........says wrong p/word

You wouldn't be trying to enter the authorisation code into the password field -- just asking  ;whistle;

And you have registered again -- Also just asking ;whistle;

You are registered Brendan.  Check your email.  

Does that mean I get more than one share

What are you two loonies on about?

;D

 :dontask:

I would be interested in registering on the forum but im a student with no regular income so prob wouldn't be able to contribute anything to the actual fund. I am studying finance so i may have some valuable insight to offer ;)

If you'd rather just restrict it to people who are contributing to the fund i'll get my coat.

Speaking for myself, I don't mind you having access to the forum. At some point parts of it will be off limits to non-members. But I'd be happy for you to stick your tenpenn'orth in or to ask you for advice.

Obviously we'd be foolish to set too much store by what someone said who had nothing at risk.

K thanks will get registered. Will be interesting to see how it goes.

You mean the rest of us have a clue  ;dingdell;

Just saw this thread, is it too late to get in?

No, just go to blondepoker.proboards102.com and register and wait for kinboshi to approve you (usually milliseconds) and have a look and take it from there.

Hey hey, sort my account out Kin please!  Grrr, get it sorted, grrr

Thanks sweetie :)

awaiting my account being sorted. only time kin's not online!

Everyone should be approved now, there aren't any pending members.

Can everyone get in?

Clicked on proboards link. Says password invalid so I click on retrieve password. Says my email is not registered. Now I get my PMs sent to this email address so don't understand WTF is going on tbh...

It's a seperate thing so you have to register again

You need to register first.  There is no way you can retrieve your password until after you've registered.

rotflmfao...class.

All signed up now. Thanks for your input Boldie, always incisive and useful posts.

News from a week on the stock market.
Helium was up, but feathers were down. Paper was stationary, but pencils lost a few points. Lifts rose but escalators continued their slow decline. Switches were off and mining equipment hit rock bottom. The raisin market has dried up. Pampers remained unchanged while Sun peaked at mid-day. Andrex tissues touched a new bottom.

Sandy

(http://www.telegraph.co.uk/arts/graphics/2007/07/02/btronnies.jpg)

Still it's nice for the younger generation amongst us who might not have been old enough to have taken it in then ;)

Sandy

Awaiting app from the old mighty

 ;bump;

Just a reminder for people to signal their intentions regarding the investment club inaugural meeting here (http://blondepoker.proboards102.com/index.cgi?board=club&action=display&thread=18).

how long does it take slackerboshi to let me onto the site? it's been like 3 or 4 minutes already

Don't worry, we'll have him sacked at the meeting next week!

sweet

minutes up on the forum for the first meeting.

Cant see much on forum. Do you need to sign up to BIG to access? If anyone has paperwork and can bring it to DtD this weekend I would like to get the ball rolling

We have 12 members already signed up. In the (standard) rules we adopted, prospective members can apply to join and their applications are voted on at the next meeting. So long as there are no objections, their membership will be agreed and they will be signed up.

I will create a thread on the BIG forum for membership applications.

We have set a limit of 20 on membership (as suggested by ProShare) - I think it's fair that people who have already expressed an interest get first refusal. If there are still places available after the November meeting, then it'll be re-opened to the general body of the Blonde membership.

Part of the BIG forum is now accessible to BIG investment club members only for the discussion of club business. The exceptions to this are kinboshi (admin - he gets everywhere!), ginger (mod) and tighty (investment guru, BIG nursemaid and all-round (no offense) good egg.

still awaiting on approval here...

A PM works better.  I'm rarely on the forum so I might not see posts on this thread...