Structuring a friends/family fund to daytrade

Discussion in 'Professional Trading' started by IWT2008, Oct 16, 2008.

  1. Take a look at grantor trusts.
     
    #11     Oct 17, 2008
  2. Be aware that daytrading is a losing proposition, most end up losing it all.

    Invest long term.

    Most charge 2/20% or 30% on profits.
     
    #12     Oct 17, 2008
  3. JCVR

    JCVR

    On the IB friends and family account you can setup management fees, etc that will be transferred directly from their accounts to yours.
     
    #13     Oct 18, 2008
  4. bidask

    bidask

    got a question on ib's friends and family account. say you have two accounts under management. you buy 1 share of XYZ. how does the trade get allocated?
     
    #14     Oct 18, 2008