And it's legitimate monopoly of means of violence, administrative control, management of public finances, investment in human capital, provision of citizenship rights, provision of infrastructure, management of the tangible and intangible assets of the state through regulation, creation of the market, international agreements, including public borrowing, and then, most importantly, rule of law.

Manage your finances, accounts, and investments

Look, I'm going to create a corporation, and I'm going to get a bunch of people to contribute money to that corporation and then I'll manage that money.

And because there was non of this kind of back and forth between the fund managers or whoever was a kind of doing the operations of the fund and the investors, they didn't have to put cash aside or they didn't have to have kind of all of the overhead in dealing with the investors.

Look. This company over here, we're going to issue more shares, for more people to contribute money

Sometimes you'll just see AUM used, that just means Assets Under Management

As loadmaster,you're in charge of everything that's brought aboard the aircraft?

But we need to think broad scale. We need to think globally.

Manage your personal finances

The year goes by, and then even after paying Pete the 1 , so we had 500 of assets under management this whole assets under management a year later goes to,

And so, it was really those lessons that made me decide to build Acumen Fund about six years ago.

laughter

The amount of money you get.

Once you have more than 10 of them you have to develop some kind of a matrix.

The limitation was that they didn't have any money.

Investment

Now, who are they accountable to?

Those can only take funds from certain types of sophisticated investors. and what happens in Pete's fund, and this is going to be an open ended mutual fund that we're showing here, and most mutual funds are like that.

Malibu Equity and Investments.

Well their intention was to take these home equity loans and put that money to work, invest it in some way.

And I'm going to manage this money right over here, and I'm just going to take a percentage of the total assets under management

Hi. Eugene Provost, financial adviser.

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

He valued what we already had at 5 million dollars.

They're valuing these assets at 1 million.

Investing in professional development is not a cost.

As investors flee

Investing.

The we connotes community the extended family system.

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

This is international common sense, the great principle of resource management.

In the last video we had Pete starting an open ended mutual fund that was managed by Pete Inc.

Malibu Equity and Investments. Roger Van Zant.

Key Management

Session Management

Manage Filters

File Management

Manage Sessions

Profile Management

Manage Devices

Edit Profiles

Manage Types

Manage Link

Manage the groups

Template Management