For the first 10Million, only actuals will be the cost. Actuals such as Compliance fees, Filing fees of 13F, Partnership filing fees, etc. There is no fee for my time/my management fee. Objective for next 10 years is just to bring the returns in public domain. I expect this actuals to not more than $10,000 annually. So if you are investing 2Million, then this is less than 0.5%. For any spending more than $3000 one time, I will inform the partners.
I am and will stay frugal on any expenses for the partnership. I stay away from professionals. Only compliance cost is something we will have to do so that it is 100% Transparency to you. The cost of this compliance cost will be on actuals.
While I do prefer word of mouth and not in PMS funds that charge 4% to bring in funds. I could have done that, while I dont prefer to lose 4% of our partnership money for the PMS. So I would prefer to stay small versus spending on any marketing. In future if there is any funds brought in via marketing or PMS or any other means, then the fund will be separate. The 10M fund will remain unique.
Is there any hidden fees or what is not told?
Investment is not my business, its my passion.
My primary business is www.payrollcloudcorp.com So fortunately i can have my own expenses covered by this. My objective of this fund is that something I have to do to stay alive at the age of 60+. So fortunately there is no management fee for atleast next 10 years.
Secondly, it also allows me to not carried away with emotions of the stock market. Frankly you can also do better, just its emotional physcology to make reasonable returns in stock market.
Its not about that I have super IQ or super financial knowledge or super Finance MBA or super trading strategies. (The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective in INVESTMENTS.)
I just started my first investment at age of 12 and ony read one news paper: Economic times and only one book: Intelligent Investor and bunch of letters from Warren Buffet Partnership letters. But yes I have heard a lot and that has helped me to know "What NOT to do":)