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Author Topic: lulz  (Read 1323 times)
Invictus
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July 22, 2012, 10:32:36 PM
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lulz
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Francesco
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August 08, 2012, 03:31:41 PM
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Ther's sure a need for a security like this, and sure I see you're having fun, but before I am convinced I'll be making 'real money' I'd need a bit more than "hey, all will be amazing, we'll have fun!"  Cheesy

  • Is there a detailed contract somewhere?
  • Will you disclose what you are investing in?
  • Why should we trust you?
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August 08, 2012, 03:43:09 PM
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Hi,

I'm the CEO of Marster Investment.   Grin

I hope GLBSE accepts my IPO and I will issue 250k shares. The IPO is planned for August 22th. (or something like that, we are not listed yet)


THE FUND:


I will invest the money outside of GLBSE in real stocks. I expect some modest profits, the stock selection will be based on the value investment principles.

If the bitcoin price rises you won't profit from that rise, if it sinks you won't make losses.

The plan is to have some fun and make some real money.

We will start small and I will buy a lot of the stocks. Feel free to join my corporation as a shareholder! Smiley

So you're starting a mutual fund that takes investment in btc, converts it to usd, buys publicly traded stocks (NYSE, NASDAQ, etc), then converts usd back to btc to pay dividends.   Roll Eyes

There are quite a few regulations for this sort of thing.  Do you have a Series 7 license?  If not, you should probably reconsider.

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August 08, 2012, 03:57:06 PM
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https://bitcointalk.org/index.php?topic=89629.0
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August 11, 2012, 12:08:52 AM
 #5

So you start a fund that will invest all proceeds in one stock. Subsequently you choose Commerzbank AG. Morningstar (http://quote.morningstar.com/stock/s.aspx?t=XETR%3aCBK ) reports the following:

Quote
Commerzbank, like most German banks, has long struggled to keep its head above water in Germany's crowded, meagerly profitable banking market. Its poor prospects at home have often led the no-moat bank to other markets, where it has a tendency to underestimate risks and later find itself facing large losses. In the wake of 2008-09's devastating credit and securities losses, Commerzbank hopes that its acquisition of ailing Dresdner, combined with its renewed focus on its core businesses and deep cost-cutting, will finally allow it to dependably deliver the profitability that shareholders deserve. We've heard this song before, however, and we see little reason to believe that this time will be different.

So the stock is missing the most important thing for a business to have: a moat. And Morningstar is quite often right about moats. Secondly you choose a bank as the first investment while banks are by far the hardest business to analyze. (Could you post your analysis?). Finally the stock does not pay a dividend.

How is this value investing exactly?

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August 11, 2012, 12:16:10 AM
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lol you seriously expect bitcoin users to invest in a  bank ?

I think you have the wrong target market here.

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August 11, 2012, 12:06:01 PM
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Valuing a bank is much much much more complicated process and at the very least study the balance sheet cash flow and income statement I see no reference to (which you should analyze for a normal investment as well). FB adn APL are things I don't invest in as well because I see no value but there are plenty of undervalued stocks to go around which aren't insane risk. For example take a look at CSCO or BBY (amoung many others).

BTW here is an article on valuing banks: http://www.frankvoisin.com/2012/01/11/how-to-value-a-bank/

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August 11, 2012, 07:46:53 PM
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What about germany's exposure to sovereign debt? Specifically, Greece, Spain and possibly Portugal?


I do not have access to a bloomberg terminal but I would suspect COMMERZBANK has significant exposure to said debt.

Additionally, their CDS rates are higher than their counterpart DEUTSCHE BANK, probably reflecting its increased exposure to sovereign debt. Lastly, buying straight up stock on bank would be a bad idea. You are fully exposed, with no downside protection, no dividends, and it consumes a large portion of your capital.



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August 12, 2012, 04:53:39 PM
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lulz


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August 12, 2012, 07:41:00 PM
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lulz
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August 12, 2012, 09:47:25 PM
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Invictus,

You will have to be much more thorough in outlining a contract and your intention. Most of what you have said regarding your plans is quite elementary and vague. I don't believe you will find many people seriously interested in investing in your fund until you outline it in much greater detail.
Invictus
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August 13, 2012, 09:54:50 PM
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lulz

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September 03, 2012, 02:15:59 AM
 #13

lulz
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