One, of several, issues I had that caused me to not invest in Entropia Investment Fund was that the TT=0 Investments, i.e. the 2 LAs and the Shop, were purchased to make money, but with zero guarantee of getting the peds invested in them back any other way than through taxes and shop revenue. Fond Manager has indicated that there is no short term goals of ever selling the LAs, so the Peds that went in to the markup on those TT=0 deeds is completely more or less a loss at the moment since they can never be re-obtained unless LAs are sold down the road, and when they are sold, sold at an amount above what they were purchased for. That is HIGHLY RISKY because MA will release new LAs and entire planets soon, and those planets may well have LAs too? All that means prices on markup on LAs may drop like a rock soon! I could be wrong, but maybe not.
Mall Shop Revenues was a good idea since EIF can control what they buy and sell, but the inital cost on mall shop may be a loss to EIF too since prices people are willing to pay for mall shops may eventually go down below what EIF paid for their shop. Taxes on LAs, on the other hand are a lot riskier, especially now that a lot of other LAs and entire planets may be opening up soon. What EIF paid for the LAs may be hundreds of times more than what the LAs will be worth in a few years, if and when the EIF re-sells the LAs.
The TT=0 buys by the EIF caused EIF to no longer be able to sell stuff to TT to gaurantee money at any price. When EIF first started they focused on buying stuff at TT off of it's members and then selling it for profit and then paying members back the profits and guaranteeing initial investment payback after 90 days since any item purchased could be TTed at any time to get initial money back. That 90 day buyback guarantee disappeared around the time the tt=0 buys were done, making the EIF much more risky, in my opinion. It means that one share in EIF is now completely variable and guesstimated instead of based on REAL TT values!
I hate to hijack threads, but am going to in the next paragraph because some of the people that might be interested in your fund might also be interested in what I'm about to discuss, and you might be too...
I recently started a new social group that is aimed at doing similar to what EIF was doing before the tt=0 buys, but with a major difference that there is no central fund manager, or really even any fund, just a bunch of folks cutting deals and buying and selling off one another at tt prices.
https://www.planetcalypsoforum.com/...-united-buyers-exchange-resource-u-b-e-r.html PM me if you are interested in joining this non-fund/social group. Also, please post more details about your goals, strategy, and business plan. If you do get enough investors, when you get around to doing payouts on taxes, how much will you take off the top, like the EIF Fond Manager does? What LA is it you plan on buying? Which mobs do you plan to keep on stock? How do you plan on acquiring the DNA for those mobs? Can you guarantee any buybacks like EIF originally did, or is it going to be like their LA purchases, where all the money is sunk and considered gone until you get taxes back, and then you'll only pay tax money back to people, which, if my calculations are right with EIF, means people that invest won't get their full money paid in for at least 10 years or so if they just get dividends and no money back on share purchases, etc. Details is what potential buyers want.
