I'm assuming this means accredited investors only correct?

oldarmy1 said:

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SEMINAR DATE SET: January 28th Time: 3pm Central
Possible second date on a Saturday morning in February

Precursor to hedge fund initiation in 2022. This is a new business, as a big decision to sell one of my companies was announced to the forum. Registration opens next Thursday.

Registration link will be posted in forum 1 hour prior to twitter.

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If we can't join live can we pay for the recorded audio and video?

Yes, although the buy in would lend itself to that restriction. You have experience in creating a hedge fund with all of the hoops and blah blah legal musings?

AgEE10 said:

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oof

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That's an expensive fat finger

E said:

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oldarmy1 said:

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CrazyRichAggie said:

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oldarmy1 said:

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SEMINAR DATE SET: January 28th Time: 3pm Central
Possible second date on a Saturday morning in February

Precursor to hedge fund initiation in 2022. This is a new business, as a big decision to sell one of my companies was announced to the forum. Registration opens next Thursday.

Registration link will be posted in forum 1 hour prior to twitter.

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If we can't join live can we pay for the recorded audio and video?

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Working on that, as the code for entry will be a one time use.

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I wont be able to attend it live, so if any possibility of a paid recorded one would be awesome!

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VERY excited about this OA. Thank you so much for all that you do

WFC with some life lately! My 6/18/21 $40 that I bought last spring due to Irish (I believe he mentioned it) is finally green after being down big lol

Now that I posted it will go red...

No experience, just wanted to make sure everyone knew that this isnt actually available to everyone. Interested with more information for myself.

There are ways around this for non-accredited investors, but the investment club route is not one that I recommend.

oldarmy1 said:

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Yes, although the buy in would lend itself to that restriction.

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In that case, although your tips have been all world and created quite the wind fall, I think we need to kick it up a notch here before the 28th!

I want whatever you're drinking!

what in the heck is up with TSLA? grabbed a lotto call before close on some flow (and playing with profits from previous roll). What's the pin tomorrow 850?? LOL.

It keeps going and Elon's gonna be worth double Jeff.

Count me in!

McInnis 03 said:

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ENG to $5.40, if you have $5's sold for next Fri now may be a good roll time.

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I thought the entire ENG play was to buy stock and sell the cc's on it to get in on a "safe" price. Does it have longer term potential worth holding onto?

oldarmy1 said:

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Yes, although the buy in would lend itself to that restriction. You have experience in creating a hedge fund with all of the hoops and blah blah legal musings?

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OA - this is a big step, and one you don't appear to be prepared for. As helpful advice, I'd suggest you partner up with a securities attorney immediately, because it's a whole different world, with real-world consequences to both you and potential clients. Methods for managing compliance, suitability, investor accreditation, and fiduciary concerns must be in place before you even think about soliciting. Make the call, and you'll thank me later.

Feel free to send me a private message if you want further thoughts.

I had some dead in the water TSLA 1050s for next week (picked up because following large flow), if those come back to life then I'll be so happy

BREwmaster said:

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what in the heck is up with TSLA? grabbed a lotto call before close on some flow (and playing with profits from previous roll). What's the pin tomorrow 850?? LOL.

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Tesla is going to rake in billions on EV credits with our new overlords

Hopefully it rubs off on NIO

I bleed maroon said:

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oldarmy1 said:

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Yes, although the buy in would lend itself to that restriction. You have experience in creating a hedge fund with all of the hoops and blah blah legal musings?

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OA - this is a big step, and one you don't appear to be prepared for. As helpful advice, I'd suggest you partner up with a securities attorney immediately, because it's a whole different world, with real-world consequences to both you and potential clients. Methods for managing compliance, suitability, investor accreditation, and fiduciary concerns must be in place before you even think about soliciting. Make the call, and you'll thank me later.

Feel free to send me a private message if you want further thoughts.

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Of course he isn't prepared, it's not even launching for another year.

gig em 02 said:

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I bleed maroon said:

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oldarmy1 said:

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Yes, although the buy in would lend itself to that restriction. You have experience in creating a hedge fund with all of the hoops and blah blah legal musings?

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OA - this is a big step, and one you don't appear to be prepared for. As helpful advice, I'd suggest you partner up with a securities attorney immediately, because it's a whole different world, with real-world consequences to both you and potential clients. Methods for managing compliance, suitability, investor accreditation, and fiduciary concerns must be in place before you even think about soliciting. Make the call, and you'll thank me later.

Feel free to send me a private message if you want further thoughts.

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Of course he isn't prepared, it's not even launching for another year.

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That's why I brought it up - as soon as he solicits client funds, he MUST change many of his methods which would never pass muster.

There's a HUGE difference between providing stock-picking advice for free, and charging potential clients for your services as a financial advisor. I seriously doubt he's a licensed securities dealer or financial advisor, as he's broken literally dozens of financial advisory rules on this board in the past. I don't want to see the guy get in trouble with civil or criminal penalties.

I like OA's ideas, but it's a whole different league to take it to the next level.

I won't say anything further.

Fair enough, but he hasn't been in that role, and that caveat, makes all the difference.

For those asking about accredited investors:

Quote:

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The regulations for accredited investors vary from one jurisdiction to the other and are often defined by a local market regulator or a competent authority. In the U.S, the definition of an accredited investor is put forth by SEC in Rule 501 of Regulation D.

To be an accredited investor, a person must have an annual income exceeding $200,000 ($300,000 for joint income) for the last two years with the expectation of earning the same or a higher income in the current year. An individual must have earned income above the thresholds either alone or with a spouse over the last two years. The income test cannot be satisfied by showing one year of an individual's income and the next two years of joint income with a spouse.

A person is also considered an accredited investor if they have a net worth exceeding $1 million, either individually or jointly with their spouse. The SEC also considers a person to be an accredited investor if they are a general partner, executive officer, or director for the company that is issuing the unregistered securities.

An entity is considered an accredited investor if it is a private business development company or an organization with assets exceeding $5 million. Also, if an entity consists of equity owners who are accredited investors, the entity itself is an accredited investor. However, an organization cannot be formed with a sole purpose of purchasing specific securities. If a person can demonstrate sufficient education or job experience showing their professional knowledge of unregistered securities, they too can qualify to be considered an accredited investor.

In 2016, the U.S. Congress modified the definition of an accredited investor to include registered brokers and investment advisors.


On August 26, 2020, the U.S. Securities and Exchange Commission amended the definition of an accredited investor. According to the SEC's press release, "the amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth. The amendments also expand the list of entities that may qualify as accredited investors, including by allowing any entity that meets an investments test to qualify." Among other categories, the SEC now defines accredited investors to include the following: individuals who have certain professional certifications, designations or credentials; individuals who are "knowledgeable employees" of a private fund; and SEC- and state-registered investment advisers.

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Another terms of reference question for rooks: define "lottos" please.

I can intuit the meaning, but not how it actually looks in a trade. TIA.