[nmglug] open source investing group

[strobedream]

stocks are fun and mutual funds are nice, but how is the money going to 
be split up/used for? For example is the plan going to be to use the 
"profits" to set up a dedicated server and maintain it, or are they 
going to be split up for profit?

This is just a problem that I seem to see happen a lot.

TD

Bill York wrote:
> i'd say a single stock is a bit risky. but if there were an
> open-source companies mutual fund, now that'd be a good idea.
>
> do we have goals for the investment? long-term growth or high risk?
>
> bill
>
> On 1/9/07, Andres Paglayan <andres at paglayan.com> wrote:
>> Hi All,
>>
>> Retiring plans anyone?
>>
>> Just a quick thought to add some emotion to the Santa Fe Linux group
>> and meetings,
>> btw, I made a new year resolution on attending at least 80%, (we'll see)
>>
>> Jason started collecting some money for a dedicated server, but we
>> never reach the baseline.
>>
>> What if instead of pouring the money on a server we invest it in
>> stock of open-source-backing companies,
>> or open-source-based companies, or open-source-producing companies.
>>
>> The system would be something like:
>>
>> We pledge a monthly installment we all (or those willing to
>> participate) agree,
>> (something ok to everybody from $10 to $50/month may be)
>>
>> when we get together we figure out where to invest that money,
>> provided that the stock we purchase must be of a very open source,
>> gnu friendly company.
>>
>> A neighbor of mine who makes a good profit on the stock market told
>> me once:
>> "I only put my money in stuff I know about"
>>
>> of course we have to set some rules and organize who can get in, out
>> and all that stuff,
>> but why not?
>>
>> what do you think?
>>
>>
>> Andres
>>
>>
>>
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>
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