On Wed, Dec 08, 2004 at 03:06:50PM +0000, Neil Walsh wrote:
2) Do we allow new members to join after the initial investment, or do we allow existing members to add more into the account? If we were to go for a high interest account, the interest changes every month. Keeping track of the interest allowed per member would be a prohibitivly time consuming task.
I think the easiest way overall would be for people to invest the same amount each and all commit to the same term. (highly unlikely I know).
I think this might be too restrictive. It would make it a lot harder to reach the figure of 150k or whatever is required. Letting everyone invest what they can afford (subject to a minimum threshold) and then allocating the dividends pro rata seems like the best idea, imho. I'd also suggest a fixed term (no arbitrary withdrawls) to simplify interest calculations.
5) Division of costs: Equal? In proportion to the individual investment? Deal with cost and interest differently?
This should be guided by the nature of the costs being imposed. If our overheads are static (fixed rate for the solicitor or whatever, fixed banking charges) then I propose we split such charges per head, not per amount invested. If we incur a charge based on the amount invested, then it makes sense to split such charges according to the amount each investor has contributed. -- "Relax Paul, I'm your friend. I'm only dancing with you."