OPM - Other People's Money
or OPR - Other People's Resources
If one should choose to use OPM to leverage their time in this market how would you go about doing it?
S Class Corporation? LLC? General Partnership?
I have a couple of high net worth friends that are willing to let me play with a small sum of their money in the forex world and I wanted to get the forum's input on how to go about doing this.
Yes I am going to consult an attorney. Yes this is money they can afford to lose. They view it as gambling. But they have agreed to let me keep half of any profits at the end of each month.
Have any of you ever done this?
or OPR - Other People's Resources
If one should choose to use OPM to leverage their time in this market how would you go about doing it?
S Class Corporation? LLC? General Partnership?
I have a couple of high net worth friends that are willing to let me play with a small sum of their money in the forex world and I wanted to get the forum's input on how to go about doing this.
Yes I am going to consult an attorney. Yes this is money they can afford to lose. They view it as gambling. But they have agreed to let me keep half of any profits at the end of each month.
Have any of you ever done this?