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This is true. As a fund owner, you know the magic formula: If your fund customers win, you win, if they loose, they loose. It's a good position to be in.
by matiu 11y ago
This is true.
As a fund owner, you know the magic formula: If your fund customers win, you win, if they loose, they loose.
It's a good position to be in.
- TuringNYC 11y agoNot quite. There is a cost to building the system. The surrounding code could be massive. Also throw in accounting, reporting, regulatory requirements, etc and you are down quite a bit of overhead costs. Without the profit sharing, even charging a 2% expense would not cover all these -- especially your time value given someone with such skills can easily be making 200k on simple salary.