club_cafe: How to prove sincerity

Juan Mostek on

Based on the disclaimer at the bottom of your note - you certainly don't need
any additional legal advice.

In all seriousness, internal control is important for investment clubs. We have
different members who are able to> sign checks, make trades and deposit money.
Broker and bank statements go to two individuals and we do a yearly audit of our
books.
If someone tried to take out our money - they certainly wouldn't get to spend
too much time in the tropics.

JM

"Brandon LaGrange" <blagrange4@cox.net> on 11/18/2002 08:46:45 PM

Please respond to "The Club Cafe" <club_cafe@bivio.com>



  To: "The Club Cafe" <club_cafe@bivio.com>

  cc: (bcc: Juan Mostek/BattleCreek/USA/Kellogg)



  Subject Re: club_cafe: How to prove sincerity
  :


Why would I need to meet with an attorney???

----- Original Message -----
From: "Medio, John (US - Chicago)" <jmedio@deloitte.com>
To: "'The Club Cafe'" <club_cafe@bivio.com>
Sent: Monday, November 18, 2002 2:26 PM
Subject: RE: club_cafe: How to prove sincerity

> Right off the bat you have a problem: a club doesn't involve people giving
> you their money to invest. A club is managed by ALL the partners. What
you
> are suggesting is simply a form of hedge fund. In that case, your first
> step would be to meet with an attorney.
>
> -----Original Message-----
> From: Brandon LaGrange [mailto:scalptrader@bivio.com]
> Sent: Monday, November 18, 2002 4:22 PM
> To: club_cafe@bivio.com
> Subject: club_cafe: How to prove sincerity
>
>
> How can I prove to people I intend to make them money via
> the club and not head to the Bahamas with their money???
> This message (including any attachments) contains confidential information
> intended for a specific individual and purpose, and is protected by law.
If
> you are not the intended recipient, you should delete this message. Any
> disclosure, copying, or distribution of this message, or the taking of any
> action based on it, is strictly prohibited.

Brandon LaGrange on

So based on the fact I wanna make money, have an invest strategy, stock
chosen doesn't really matter. Do you think an investment club is something I
should pursue or is a hedge fund a better vehicle for me?? I've been
investing and I'm only 26 too.
----- Original Message -----
From: "Juan Mostek" <Juan.Mostek@kellogg.com>
To: "The Club Cafe" <club_cafe@bivio.com>
Sent: Monday, November 18, 2002 2:46 PM
Subject: Re: club_cafe: How to prove sincerity

>
>
> Based on the disclaimer at the bottom of your note - you certainly don't
need
> any additional legal advice.
>
> In all seriousness, internal control is important for investment clubs. We
have
> different members who are able to> sign checks, make trades and deposit
money.
> Broker and bank statements go to two individuals and we do a yearly audit
of our
> books.
> If someone tried to take out our money - they certainly wouldn't get to
spend
> too much time in the tropics.
>
>
> JM
>
>
>
>
>
>
>
>
> "Brandon LaGrange" <blagrange4@cox.net> on 11/18/2002 08:46:45 PM
>
> Please respond to "The Club Cafe" <club_cafe@bivio.com>
>
>
>
> To: "The Club Cafe" <club_cafe@bivio.com>
>
> cc: (bcc: Juan Mostek/BattleCreek/USA/Kellogg)
>
>
>
> Subject Re: club_cafe: How to prove sincerity
> :
>
>
>
>
>
>
> Why would I need to meet with an attorney???
>
> ----- Original Message -----
> From: "Medio, John (US - Chicago)" <jmedio@deloitte.com>
> To: "'The Club Cafe'" <club_cafe@bivio.com>
> Sent: Monday, November 18, 2002 2:26 PM
> Subject: RE: club_cafe: How to prove sincerity
>
>
> > Right off the bat you have a problem: a club doesn't involve people
giving
> > you their money to invest. A club is managed by ALL the partners. What
> you
> > are suggesting is simply a form of hedge fund. In that case, your first
> > step would be to meet with an attorney.
> >
> > -----Original Message-----
> > From: Brandon LaGrange [mailto:scalptrader@bivio.com]
> > Sent: Monday, November 18, 2002 4:22 PM
> > To: club_cafe@bivio.com
> > Subject: club_cafe: How to prove sincerity
> >
> >
> > How can I prove to people I intend to make them money via
> > the club and not head to the Bahamas with their money???
> > This message (including any attachments) contains confidential
information
> > intended for a specific individual and purpose, and is protected by law.
> If
> > you are not the intended recipient, you should delete this message. Any
> > disclosure, copying, or distribution of this message, or the taking of
any
> > action based on it, is strictly prohibited.
>
>
>
>
>
>
>

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