I love being a Capitalist Pig. 
This
Or this
Option A
This sales malarkey is fucking easy. 
[QUOTE=“caoimhaoin, post: 1074705, member: 273”]If people have money to invest, go find some local companies who think will go somewhere and invest in them. Do a deal with them based on results. There are people out there all the time with great ideas.
Go to the colleges or to somewhere NuBus or the likes.
Fuck giving it to some latchico like Julio to take his cut and then play games with it. You’ debate as well of giving it to paddy power and having a cut off it with something you know about like hurling or soccer or something.
It’s all about your risk and not theirs. Fuck that.[/QUOTE]
Lovely sentiment Kev but hardly a realistic option. Most people here are looking for somewhere to invest a small amount of money, how many small businesses are going to want the hassle of dealing with some fucking stranger for €10-20k? And this assumes that you have €300-400k to invest as you need to be spreading the risk on these kinds of things.
Your idea is for us to be acting as venture capitalists. It’s a nice thought but you need deep pockets to do it in a meaningful way.
Note - if you’re talking about giving it to some lad who you reckon would be good at running a pub I give it about 6 months before all your money is gone.
[QUOTE=“briantinnion, post: 1074770, member: 6”]Lovely sentiment Kev but hardly a realistic option. Most people here are looking for somewhere to invest a small amount of money, how many small businesses are going to want the hassle of dealing with some fucking stranger for €10-20k? And this assumes that you have €300-400k to invest as you need to be spreading the risk on these kinds of things.
Your idea is for us to be acting as venture capitalists. It’s a nice thought but you need deep pockets to do it in a meaningful way.
Note - if you’re talking about giving it to some lad who you reckon would be good at running a pub I give it about 6 months before all your money is gone.[/QUOTE]
I wasn’t talking purely about start ups btw.
In a former career I sat in on a good few meetings where small business people came in with ideas for either start ups or expansion. The guys in the room were local people with money looking to invest. It was small time dragons den.
Some of these lads were also involved in bigger more international investment, but I always admired some of them for the risks they were taking. I wonder is there options for smaller investments for smaller returns in local business. There may be, I’m not really aware
I realize these guys had big portfolios and it’s not exactly the same as we are talking about here, but what other avenues are there for SME’s.
A certain amount of investment should be funneled back into local economy, IMO.
Btw, are the investment companies always sure of their 3% (or whatever it is) on the invested sum, win or lose?
Has anyone gone the legal way with the no win-no fee stuff?
[QUOTE=“caoimhaoin, post: 1074787, member: 273”]I wasn’t talking purely about start ups btw.
In a former career I sat in on a good few meetings where small business people came in with ideas for either start ups or expansion. The guys in the room were local people with money looking to invest. It was small time dragons den.
Some of these lads were also involved in bigger more international investment, but I always admired some of them for the risks they were taking. I wonder is there options for smaller investments for smaller returns in local business. There may be, I’m not really aware
I realize these guys had big portfolios and it’s not exactly the same as we are talking about here, but what other avenues are there for SME’s.
A certain amount of investment should be funneled back into local economy, IMO.[/QUOTE]
How succesful were the investments Kev?
[QUOTE=“caoimhaoin, post: 1074789, member: 273”]Btw, are the investment companies always sure of their 3% (or whatever it is) on the invested sum, win or lose?
Has anyone gone the legal way with the no win-no fee stuff?[/QUOTE]
No one charges 3% bar life insurance products or something.
You couldn’t go the no win no fee route. Even if you were the greatest investor in the World you’d have lost money in say 2008 and you’d have to shut your doors.
A lot charge a performance fee, but that’s just more gravy for them if anything.
[QUOTE=“caoimhaoin, post: 1074789, member: 273”]Btw, are the investment companies always sure of their 3% (or whatever it is) on the invested sum, win or lose?
Has anyone gone the legal way with the no win-no fee stuff?[/QUOTE]
Active fund managers generally charge 2% management fee per annum plus 20% performance fee. They get the management fee regardless of the performance.
Passive funds will generally charge a lot less and don’t charge a performance fee.
The problem with capitalism is that there always has to be a large percentage of the population being shat on- Which leads to a whole pile of social and crime problems- If you can live with that then there is no problem.
I sit firmly in the middle. Money funds the good times but it doesn’t have any kind of hold over me. I’d never screw anyone over for money, ever. In short, i’d never make it in the business world as I have a conscience.
[QUOTE=“briantinnion, post: 1074802, member: 6”]Active fund managers generally charge 2% management fee per annum plus 20% performance fee. They get the management fee regardless of the performance.
Passive funds will generally charge a lot less and don’t charge a performance fee.[/QUOTE]
And 90% of active fund mangers under perform the passive funds.
To be honest I only know how a couple went, a burger joint before there was burger joints. Only one guy was interested as the others, correctly in my view, queried the lack of hospitality experience our man had. I have not seen the books, but he got it going and 6/7 years later it’s still going. I ate there recently, it’s good and reasonably priced. How well it’s going financially I don’t know. That’s the one that sticks out.
The recession hit, so a lot of success can be down to luck an right time/right place. Many may have failed, I honestly don’t know.
I must say I’m impressed with the efforts at SME in Cork, especially around food and coffee. People seem to have copped on a lot in these businesses. They realise you have to work the job yourself and put the hours in. What I noticed before was people buying into restaurants or the like and paying a manager big money to run it and not investing their time into it. A lot of these people lacked the passion for the businesses they were getting into and it seemed like a good idea to have a coffee shop. Now I think, purely from observations and the type of people my woman meets, people in these start ups are very passionate about it and that gives anything a better chance of success.
[QUOTE=“Julio Geordio, post: 1074794, member: 332”]No one charges 3% bar life insurance products or something.
You couldn’t go the no win no fee route. Even if you were the greatest investor in the World you’d have lost money in say 2008 and you’d have to shut your doors.
A lot charge a performance fee, but that’s just more gravy for them if anything.[/QUOTE]
But why should your guys be absolved of that possible world recession risk? Everyone else has that risk.
[QUOTE=“briantinnion, post: 1074802, member: 6”]Active fund managers generally charge 2% management fee per annum plus 20% performance fee. They get the management fee regardless of the performance.
Passive funds will generally charge a lot less and don’t charge a performance fee.[/QUOTE]
I understand the word passive, but what is a passive fund?
[QUOTE=“ChocolateMice, post: 1074806, member: 168”]The problem with capitalism is that there always has to be a large percentage of the population being shat on- Which leads to a whole pile of social and crime problems- If you can live with that then there is no problem.
I sit firmly in the middle. Money funds the good times but it doesn’t have any kind of hold over me. I’d never screw anyone over for money, ever. In short, i’d never make it in the business world as I have a conscience.[/QUOTE]
Don’t you have a small business?
Is it not all really about being successful in your sphere?
I mean these days surely a successful business is one that pays it’s bills, gives food on the table for the owner and just basically survives.
The way it used to be that having a business was about providing for your family and a lifestyle choice (freedom etc) whereas now it’s purely about making money. Obviously a business has to make money, but I think a lot of people, used to at least, get involved to make “loads of money”
[QUOTE=“caoimhaoin, post: 1074826, member: 273”]Don’t you have a small business?
Is it not all really about being successful in your sphere?
I mean these days surely a successful business is one that pays it’s bills, gives food on the table for the owner and just basically survives.
The way it used to be that having a business was about providing for your family and a lifestyle choice (freedom etc) whereas now it’s purely about making money. Obviously a business has to make money, but I think a lot of people, used to at least, get involved to make “loads of money”[/QUOTE]
Not my business, mate. It’s the same company based in the English market- The Real Olive Company- from Toonsbridge, outside Macroom. Next time you are in the market try a taste of their Mozzarella.
Oh right, they are around a long time are they not?
20 years… fair play to him. Came over from Cambridge in his early 20s and built it up- bought the dairy in toonsbridge… imagine flogging olives in Ireland 20 years ago. @Joe Player is my main employer.
It’s a fund that follows an index like the Dow Jones or some other index such as a world financials index (e.g. an index based on global bank share prices).
In a passive fund the manager doesn’t make the buy and sell decisions, they just buy the components of the index in the right ratio. That’s why the management fee is much smaller and there’s no performance fee. They just perform administrative duties to keep the fund in line with the index really.
Instead of a fund manager actively trading in and out of stocks (and charging a fee of a couple % per year) passive funds just automatically track an index I.e FTSE, NASDAQ etc. The fees charged are much less. A lot of research has shown that in most cases, investing in passive funds is the best option for small investors in terms of risk and return.