Can't believe how good this scam is. free money ftw.Originally Posted by Pepe
Can't believe how good this scam is. free money ftw.
What other terms have changed?
I don't remember.
I know. I already know what I am spending mine on.
Want this on another page so it isn't missed, but essentially I'm saying if you're looking at retiring on the back of this I'd like enough skin in the game to get me pretty close to that position too or at least have a fucking lovely one when I get there.
Can I get an answer to whether we're now paying for your wages and you still take a 40% cut of the profit? It's now absolutely zero risk for you and you make bank off us whether you succeed or fail? Like 6 months from now you make 15 and a bit grand tax free and we end up with nothing cause you invested in the Russian NASDAQ?
Edit: I’m not saying no how dare you btw just wondering where the risk for you is because I know from playing poker I play worse when there’s no risk for me. So I’m just interested in how that would work.
edit2: Would we also get proper updates?
Can't we just club together and get you a year's worth of positive lateral flows instead?
But yea, fuck it, why not. If it speeds things up. In 3 months time the account could well be at a size where a 2 ground withdrawal is pretty negligible anyway. Just clear my mortgage lad.
I’ve invested my money in your decision—making ability, Mellin. I’m behind whatever you choose.
I'm easy with whichever route you choose, I didn't expect any return and if I do get anything it's a bonus.
Investing more money at this stage is surely pointless, unless we're talking decent 4 figgies here.
Yev's putting his pension into MellCorp.
Do they still make watchdog?
Yes, I intend to take a wage and 40%. If you consider quitting my job and putting all my time in as zero risk, then I think you need to realign your thinking.
Last edited by Mellberg; 24-03-2022 at 08:40 PM.
And this is true. We have a base. No point in throwing more money in now. You’d get less bang for your buck too. Reinvest when we’ve gone big and go for a second run. If I’ve made you 180k, then I don’t care about losing 10k of it, for example.
Second run.
I'd stick a grand in.
On the one hand I want to say, yeah, go for it, you mad bastard.
On the other hand, I don't want to be responsible for you having quit your job if it all goes tits up in a month or two's time.
If I put a grand in now I'd own about 10% of the pot, excluding your share, so seems worth it to me if we're actually going for this.
The Fund, United, Will never be diluted!
If Yev puts in one grand I am putting in two grand. I am not letting him become richer than me.
Fuck putting more in at this stage and Mellin giving up his job to turn this around quicker seems a bigger risk for him than us. If it results in the same profit for all then who cares.
Ill only allow Yev to put more money in if hell also pay me 40 quid an hour to do the graphics for the updates.
Did financial reporting graphics for 6 years so am happy to.
Do whatever Mellin. You can always pay us your salary back when you make the millions.
Surely once we get into the millions it shouldn't be to hard to go for the billions, right?
Surely no chance Mellin is doing a whip-around for round two if we get into real money. Why would he?
Because I enjoy it and your capital increases my profit.
wait so how much money have you made now
For the same reason Billionaires exist. Greed. Good ol' fashioned greed.
If memory serves we started with 2 grandish.
I say go for it. If you're prepared to risk packing in your job that gives me more confidence that we may actually make some money out of this.
When you say earnings are going to start getting silly, any chance of throwing out some figures? If you quit your job and dedicate yourself to this fully, how much would you expect a Ł100 stake to be worth in 3 months/6 months/a year etc? Understand you may not want to do that (and I'm sure those kind of forecasts are easier said than done) but just to get us all excited and that.
I am pre registering my interest for round two: electric boogaloo.
Round two minimum stake: Ł100k
You join us here at the final table, with little known brummie Joe Mellin sitting to Phil Hellmuth's left . . .
[/latenightpokervoiceguy]
I don't personally have any strong feeling on it either way, you just go with your gut on it for me mate.
Crack on mate I've no objections.
I was expecting zero back from this, so basically do whatever you want.
I would warn, however, that my mate did this about 10 years ago... made a lot, lost a lot, made a lot then had to quit because it was destroying him (the stress when it started becoming about trades of thousands, rather than hundreds.).
Sounds like your mates a pussy and Mellin isn’t.
I'm a twit
Sorry isn't this the outcome we all want? Investing is Mellin's downfall?
No objections here. The sooner I can buy my first property in the Maldives the better.
The only thing I'd say, which is probably hugely patronising given I've entrusted you with my life savings owing to your financial acumen, is that you take your wage as late as possible i.e you live off your savings as long as you can - say 6 months - and then when you need to you take a lump sum of six months worth of wages out of the pot. That way the principal* stays as big as possible.
Although the risk there is that it all goes bust and you don't get a chance to take a wage so maybe it's not such a good idea after all.
*this feels like the kind of word big investor types like me should be using. Even if I couldn't decide how to spell it.
It'd make for a better thread.
+1
You've earned the trust so if you want to take the plunge I'd say go for it. I think Nik's suggestion of waiting as long as possible to withdraw also has a logic to it, but obviously don't expose yourself beyond what you're comfortable with.
This is a good idea. So I’ll reimburse the wage once it comes to collection time (early leavers excluded to avoid complications. Once you’re out, you’re out) and provided we’re above a certain threshold which isn’t going to ruin me. Let’s say a mil in the account.
I’ll hold off on withdrawing a wage. My notice has gone in and I’ve negotiated my notice period down to end of April, so last pay day is mid-April. I’ll use my bonus for May and then start drawing in June. Should be in a much stronger position by then with over a month of solid trading in and whatever we can make before that too.
Last edited by Mellberg; 25-03-2022 at 09:33 PM.
Go for it Mellin
Shit, he's really going for this. Fair play.
Sounds like a bit of a soft lad. Should try trading in the knowledge that you have an audience. Would’ve toughened him right up.
Just think how mental this forum would be if most of us became millionaires.
You'll be bullying Kiko and I won't have it. That's Giggles' job.
If?
I'm a twit
Baz answer your PMs.
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