[nmglug] open source investing group

[Bill York]

i would say there's no point in doing it for profit. everyone's share
would just be divided up according to the money they put in. and in
that case, just do it on your own. the taxes and administration would
be a nightmare for individuals.

i guess i had assumed that the money would be put toward hardware and
maintenance, but i may have been mistaken.

on the other hand, if we get enough money into a fund to make a
difference, would we pull it out again to buy stuff? buying it off the
interest is more than i can see the entire group putting toward the
initial investment.

bill

On 1/9/07, strobedream <strobedream at gmail.com> wrote:
> 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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