donaldduke
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Good ideas Rav. I agree I think there should be about 10 traders but anyone can put money in. At the end of the month the trader who made the most profit gets the biggest cut... say like 10%, trader who makes 2nd most gets 9%, 3rd 8% etc... 10th 1%, then on top of that, the remaining profit is shared between everyone who has invested capital.
Sam.
10+9+8+..1 = 55%.
Not a good rate of return for the investors who only get 45% of any upside profits, but take 100% of any downside risk. Also there will be taxes to pay on profits too.
I know you only gave an example, but it does show how things add up.
I didnt get the impression that TD was looking for any investors anyway, that would be a regulatory headache aswell as risking lots of other problems too.