I’ve been thinking about this idea for a long time. I summarize the point where I am with this project. Hopefully I can start the end of the year.
I’ve been thinking about a kind of mutual fund for collectibles for years. It would be a kind of Housers but with a better return….
A few months have passed since I spoke about the Lego mutual fund. I will tell you about the steps we have taken to turn the idea into reality.
Setting up our new ERP
We don’t have much experience with managing our own ERP. We have chosen Holded because at first glance it seemed the best option in terms of price-quality-functionality. Like any start-up they are having growing pains. We are having problems setting up our account properly and the support so far has not been up to the task to serve us well. I am hopeful that this will change in the coming weeks.
We have the defined process. Now all we want is for it to be reflected in data through the application. In this way we will be able to have profitability data by product and assign it to different investors. This avoids having to do tedious calculations with Excel to make the profit of an investor. It is the basis for all the rest. I will save you the details but it is being a very slow process and I hope that until the end of May we are finished with it.
Open the door for investors
I like the idea of the investment fund but I am not so clear about the investors part. In the end I may decide that only my brothers (who are the first investors), workers and friends are going to be able to invest or at least in the beginning. It’s too good a thing to make available to people I don’t know at all. It is how it usually is with clients but what I said: luckily I am not in a situation where a lot depends on this project working.
If it is finally opened for everyone it should go inside a new umbrella. It will have its own website and stuff. I see a lot of potential but you have to do things step by step and without haste. From the moment where third-party money is managed, you have to be 100% prepared for it. This is not the case today. That is why right now all investment offers for third parties that I receive are being denied. It is not the time yet but it will come …