I'd like to gauge the interest in a Mutual Fund, designed to invest only in Bitcoin stocks. It would, of course, reside on the GLBSE.com
. Like all funds, it would be designed to spread risk and allow a manager (me) to do the legwork on vetting the investment opportunities. I'd also like for this to not just benefit Bitcoin ventures and Fund shareholders, but also those organizations / bounties that make Bitcoin better for everyone. So, here is my plan:
500 initial shares at 5 BTC each. If you are only wanting to invest less, you probably shouldn't go with a fund, anyway.
Initially I'll pay out any earnings weekly (to build confidence), but it would benefit the fund if that moved to monthly and possibly quarterly, eventually. The fund would have no load, and the management fee would be 2% off the top of the earnings for an earning period. Nothing made, nothing paid. Further, 40% of the earnings would go back into the fund for further investments. 50% would be paid out to shareholders, and 8% would go to Bitcoin causes (Bitcoin Fountain would be an example). In the event there were no earnings, or a loss was incurred for the period, nothing would be paid out.
Again here is the breakdown of how earnings would be handled:
50% - immediate dividends
40% - reinvested
8% - Bitcoin promotion
2% - Fund Management
I'm gauging interest right now, so let me know.