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Little idea draft: a smallish commodity based fund
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Elegbara
White Wolf Enterprises
#81 - 2012-10-21 16:07:09 UTC
So basically it's not the "fund" fee, it's "broker's" fee.

Open your eyes. And awaken.
Vaerah Vahrokha
Vahrokh Consulting
#82 - 2012-10-21 18:18:05 UTC
Elegbara wrote:
So basically it's not the "fund" fee, it's "broker's" fee.


No, the brokers fees (if any) are called "load" and are listed as such.

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Elegbara
White Wolf Enterprises
#83 - 2012-10-21 18:30:53 UTC  |  Edited by: Elegbara
*goes to read about mutual fund fees again*

So.. sale fee is what I'm paying to the fund when I'm selling shares. What is redemption fee in this case?

Wikipedia says that it's redemption fee I'm paying when I'm selling shares. Google (investopedia) says that redemption fee is some sort of additional fee if I'm selling shares before certain period expires. In that case I don't see the period in prospectus.

All this stuff is pretty new to me and seems really interesting but somewhat .. unclear. "VEMEX Exchange small description and fees" document contains a nice explanation of what different fees are. Can I have something similar but covering the funds we're discussing here?

Open your eyes. And awaken.
De Guillaume
THORN Syndicate
Northern Coalition.
#84 - 2012-10-21 18:58:01 UTC
10b for me

same deal u have with Grendell, but for me its 10b not 20b


tell me when to send isk

Has you ever went so far as chose to go even use want to look more like do?
Vaerah Vahrokha
Vahrokh Consulting
#85 - 2012-10-21 20:45:51 UTC  |  Edited by: Vaerah Vahrokha
Elegbara wrote:
*goes to read about mutual fund fees again*

So.. sale fee is what I'm paying to the fund when I'm selling shares. What is redemption fee in this case?

Wikipedia says that it's redemption fee I'm paying when I'm selling shares. Google (investopedia) says that redemption fee is some sort of additional fee if I'm selling shares before certain period expires. In that case I don't see the period in prospectus.

All this stuff is pretty new to me and seems really interesting but somewhat .. unclear. "VEMEX Exchange small description and fees" document contains a nice explanation of what different fees are. Can I have something similar but covering the funds we're discussing here?


It's detailed in the Funds prospectuses and the Google Doc.

Here Redemption = give the shares back to me.

If you give them back to me as Easy Fund, the total cost is small (2% I think).
If you give them back to me as Closed end Fund, the total cost is large (10%) because you are meant to trade in the secondary market not to play like it's the Easy Fund.

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Vaerah Vahrokha
Vahrokh Consulting
#86 - 2012-10-21 20:46:25 UTC  |  Edited by: Vaerah Vahrokha
De Guillaume wrote:
10b for me

same deal u have with Grendell, but for me its 10b not 20b


tell me when to send isk


I am sorry, I cannot take any more reservation, I posted above that my delegates list is full.
You may want to find some other friend to reserve for you.

The reservations start soon but you have to post in the IPO thread (it's already up) not here!

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Elegbara
White Wolf Enterprises
#87 - 2012-10-21 20:56:11 UTC
Vaerah Vahrokha wrote:
If you give them back to me as Easy Fund, the total cost is small (2% I think).
If you give them back to me as Closed end Fund, the total cost is large (10%) because you are meant to trade in the secondary market not to play like it's the Easy Fund.
So if I'm selling T2 fund shares back to you. I'm paying 12% (4% sale fee + 8% redemption fee), right?

Open your eyes. And awaken.
Vaerah Vahrokha
Vahrokh Consulting
#88 - 2012-10-21 21:24:40 UTC  |  Edited by: Vaerah Vahrokha
Elegbara wrote:
Vaerah Vahrokha wrote:
If you give them back to me as Easy Fund, the total cost is small (2% I think).
If you give them back to me as Closed end Fund, the total cost is large (10%) because you are meant to trade in the secondary market not to play like it's the Easy Fund.
So if I'm selling T2 fund shares back to you. I'm paying 12% (4% sale fee + 8% redemption fee), right?


No, 10% (8% + 2% exchange fee for closed fund securities).

The sale fee is superseeded by the redeem fee.

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