Comments on Fund My Mutual Fund: Reader Investment Pledges mid June Update

hrs, I have not received an email (and I did check...

2008-06-28T12:25:00.000-04:00

hrs, I have not received an email (and I did check in my spam folder as well)

Well all those hats will continue except the web part. That I can outsource to someone who actually enjoys it. This website is crude but functional for now.

We are launching at the end of 08 either way. Even with a run rate of $200-$225K which is what I assume we'll get near $4M by late 09. Just crossed $3M.

Mark - excellent monthly progress! how many hats a...

2008-06-28T06:12:00.000-04:00

Mark - excellent monthly progress! how many hats are you wearing now? researcher, analyst, manager, web administrator, fund raiser, and public relations? good thing you don't have employees or we would have to add HR.

on a more serious note - since THE FUND is now 2.5 million of the way toward the $4.0 million initial start goal, if everyone just increased their commitment by 60% we could launch earlier [early next year, perhaps?]

by separate email I have increased my commitment

Sign me up for 10K. Trieu, Texas

2008-06-23T16:37:00.000-04:00

Sign me up for 10K.
Trieu, Texas

folly, thanksjp,the charges at fidelity alone woul...

2008-06-18T13:08:00.000-04:00

folly, thanks

jp,
the charges at fidelity alone would equate to over 1/3rd of all other operating expenses I have. Its just untenable as a small fund.

roses,
thats an interesting comment by them about the stock market. I can understand them saying acquisition costs are rich because the entire sector has doubled in a quarter, but strange to see them commenting about capital gains taxes

If Obama wins as expected probably it goes to 20-22% up from 15%.

TM,Congrats on raising the money so far. You do d...

2008-06-18T00:37:00.000-04:00

TM,

Congrats on raising the money so far. You do deserve it. Guess its time for all of us to pick your brain as much as possible now before you go corporate. :)

Also, I have to admit it was very clever and devious of you to use the TM designation. Who wouldn't want to invest in a mutual fund that has a 'Trade Mark' before it even begins?

These subliminal messages might work very well for you... hey it's worked beautifully for the Cheney... I mean Bush... administration...

On a much heavier note (not really)
did you listen to the last ANR conference call. Interspersed with their awesome results was a question about acquistions. They said they were wary because (I'm paraphrasing) "valuations in the industry were high right now and they expected significant money to drain out of the stock market as the rich investors seek to get out while the 15% capital gains tax is still in tact."

That is one reason I like to listen to conference calls of very successful companies where the wealthy have their money. This tells me that the market may stay afloat as long as the Cheney Administration is in power but "watch out below" towards the end of this year or in 09... the long side could get very very ugly and the horrible fundamentals of our economy may reveal itself in all its ugliness then... (remember an America without credit is like a Hummer without cheap hydrocarbons).

Also very informative take on the food crisis in the Midwest. I think your right on the Street not picking up on this yet... The mentality in New York is just like that in California... There's the East Coast, the West Coast, and "I heard there is actually something in between"...

Thanks for your insight and congrats again,
Jon

Oh and congrats with the readers/pledges

2008-06-18T00:30:00.001-04:00

Oh and congrats with the readers/pledges

Not the best to hear about not being able to use m...

2008-06-18T00:30:00.000-04:00

Not the best to hear about not being able to use my Fidelity account to invest in your fund. Interested to see if that will prohibit me from investing in the fund (my employer has some tough trading restrictions). I'll work around it.

congrats! strong month in terms of pledges. hopef...

2008-06-17T20:50:00.000-04:00

congrats! strong month in terms of pledges. hopefully that accelerating trend continues.

i'll post over on my blog referencing this. every bit helps.

Hi arun,Did you send me an email or an earlier com...

2008-06-17T18:56:00.000-04:00

Hi arun,
Did you send me an email or an earlier comment? If its a comment, sorry I must of missed it. If its an email I assume Yahoo eats half my emails since I always get people saying "did you get my email?" I try to respond to as many as I can. Consider yourself counted now and thanks for not going to "Weebner"

Jhantu, I am going to be as transparent as the SEC allows. I have to talk to my lawyer about what exactly I can and cannot do but I'll be the most transparent fund that is allowed.

once you launch your fund, will your transactions ...

2008-06-17T17:43:00.000-04:00

once you launch your fund, will your transactions be transparent again, via this blog.. or will you not prefer disclosing them?

Why you dont want my money!! I have pledged atleas...

2008-06-17T17:26:00.000-04:00

Why you dont want my money!! I have pledged atleast 2-3 times but still dont see my name :) Again Arun, 20K, Sunnyvale. Last chance or I am going to Ken Weebner.

Nice work!!!

2008-06-17T16:56:00.000-04:00

Nice work!!!

No one from Virginia? Then sign me up for $25,000...

2008-06-17T15:45:00.000-04:00

No one from Virginia?

Then sign me up for $25,000. I'll also send you an separate e-mail directly...