Stryker Blog 10.17.2013. Setting Up Your Own Group. If you are like me a friend told you about this investment called the Iraqi Dinar, he or she was told by another friend and so on.
Now you can substitute the friend to be a family member or business associate but for this exercise it was a friend that told me about the dinar so that is what I am using here.
The friend of mine name is Trac and he must have really liked me or he wouldn’t have gone through so much trouble trying to at least get me to stop long enough to look at it.
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By the way, this friend of mine is no dummy, he was and is a very successful businessman that doesn’t go for the get rich quick scheme that is associated with the dinar.
Did he get caught up in the hype at first, sure like all of us but the logical side of his brain like mine told him, like me (in a very short time) that there must be a better way of watching the events associated with this investment then the same old gurus that have been calling it week after week, month after month, year after years.
These are the people that I wanted to associate myself with, the like thinkers, the people that believe that logic outweighs hype.
Research, newshounds and others sharing thoughts together, other logical types started helping, following and chiming in so a group was formed.
From there a few of us decided that with wealth comes great responsibility and with great responsibility comes a need to make the right decisions. So with this type of logical thinking, we decided that we were much better off as a group then by ourselves.
So with logic “Power with Numbers” was formed, a group of like thinking individuals that wanted to surround ourselves with smarter people then ourselves. A group of professionals in fields of expertise other than our own that could help us minimize our mistakes and increase our percentages of success.
We could invest our own money through an individual money manager, wealth manager type or do that and participate in a group too. The theory is that by pitching in enough funds, in this case say 10% of your earnings, a group with numbers can add up to be a sizable fund that gets you in doors that you would never be able to alone.
To start your own group all you need to do is ask yourself these few questions.
1) Do I know what it takes to manage wealth?
2) Do I know even how to talk logically to a wealth manager, to know if he/she knows what he or she is saying is truthful and forthcoming?
3) Alone can I afford to pay for all the professionals it takes to be successful?
4) Would I rather be a part of a group that shares in the expense of top professionals in several fields of expertise?
5) Do I want to have the advantage of participating in group investments that I would not be privy too otherwise?
6) Is it worth taking 10% (example only) of what I make on this dinar investment and investing it with a group of like thinking folks?
7) Do I want to be able to take advantage of group rates that can be used on my personal investments outside the group’s investments?
8) Do I want to minimize my mistakes?
9) Do I want to increase my percentages of success?
If you have answered yes to most or all these questions then you just need to get together with your friends, your family members or business associates that are in this dinar investment.
Pick a chairman and a few to act as a board of directors and from there you as a group can start making plans.
As a group you can assign task of responsibilities, for example.
One group member can learn about trust and their associated terms, enough to know how to communicate with a lawyer on behalf of the fund.
Another member can start researching professionals in your area, lawyers, tax attorneys, wealth planners and such.