[nmglug] open source investing group

[Bill York]

in that case, we could have a play scenario, as a competition, where
the rules of the game are (open to discussion, of course):
start with $10,000 of monopoly money
can only invest in open-source companies
develop a portfolio (teams or individuals) and compete with others in the UG
trades are only allowed in-person at SFBC (that would boost attendance).
the game lasts for a year.

this could complete the goal of learning/collaborating with no real
risk to anyone's money and no tax headaches.

bill

p.s. it could be a fun little project to write a management package
for the game; or just use an OO spreadsheet.


On 1/9/07, Andres Paglayan <andres at paglayan.com> wrote:
> I am thinking a little more naively,
> in the sense that if you play for money you tend to think better,
> have you ever played poker for no money? (stripping counts)
>
> I see it as a FOSS educational activity with the money amount you tip
> at SFBC
>
> Doing it by your own does not encourage dialog,
> knowledge interchange, nor crowd-ware,
> which is for me the reason for engaging in it,
> (nobody prohibits making your own side investments)
>
> options for profits, if any, can be:
> you take your share out, (3)
> you give the money to i.e. debian (2)
> all buddies leave their stake for re-investing (long term) (1)
> or why not, all of the above,
>
> as said before, we should set a set of simple rules,
>
> and again, I'd love to do it for the fun and knowledge,
> not for the money,
>
>
> On Jan 9, 2007, at 12:30 PM, Bill York wrote:
>
> > 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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