[Barbarag]

so many people are signed up with them and they have no idea what they're investing their money into... or have any clue about how MCAs work... I see it all over IG, people posting their monthly checks from MJ...

[Franklin]

so many people are signed up with them and they have no idea what they're investing their money into... or have any clue about how MCAs work... I see it all over IG, people posting their monthly checks from MJ...

Most "typical" investors are not that interested when it's a set and forget type of model. Years ago when I did work for Fidelity Investments, I would have to call Fidelity clients and give them updates on what the board of directors would be proposing, as any changes, especially financial, required a vote.


I was speaking mainly to high net worth individuals, so you would think they weren't idiots. The board of directors were already making mid six figures to sit around most of the year, and they would propose bonuses and salary increases for themselves, and we were required to inform shareholders naturally.

The shareholders would get pissed at me for calling them and telling them that their profits were about to decrease.

It was like a funder calling a broker and telling them that their 10 point commission was going down to 9 points on all future deals, because they're taking a success fee, and then the broker getting pissed at the funder for having the nerve to bother him with that info.


The shareholders didn't want to hear it most of the time. They were like, just go with what the board recommends.







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