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What If I Create Free Performance Fee PAMM/MAM For All?

profit collector
bansostra
Aug 07 2015 at 03:57
197 poster
I just have an idea, sometimes performance fee at PAMM/MAM services is become one of consideration thing for client before join in.
Some people think that commonly average 30% performance fee charge by PAMM trader iis too high and some people think its fair enough.
What if i create some brand new PAMM/MAM with idea of performance fee is freely determine by the clients??
So, every clients are free to fill at agreement documents how much performance fee they want to pay (even 0% fee is accepted) to the trader for the hard job making profit for them.
I just curious how many attracted people will be interested
What do you think about that??

Regards,
Erwin

Rihan
RSTrading
Aug 07 2015 at 07:27
385 poster
So how will you profit from this? I use a lot of freeware that is subject to a donation, personally I never donate, and I don't know of anyone that does. But, maybe it is just me..Maybe others will donate..

charlesadethib86
Aug 07 2015 at 10:14
35 poster
RSTrading posted:
So how will you profit from this? I use a lot of freeware that is subject to a donation, personally I never donate, and I don't know of anyone that does. But, maybe it is just me..Maybe others will donate..


Good work deserves reward. What i like with donation freeware is that you can give what you think it values. If you think a bit... If no one donates no one would do freeware. In other word, if you can access to those freeware is because other people donate. Next time you like a freeware, please donate, and I can ensure you will feel better about yourself. There is nothing better than participate to the mankind evolution, even if its a few dollars/euro

charles-antoine.dethibault@
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miomax
Aug 07 2015 at 11:26
87 poster
In my case performance fee is 20% if investor joins in my pamm .
But If I work with investor's account outside the pamm, fee is 30% because costs are bigger to ensure high-quality execution and profit.

profit collector
bansostra
Aug 07 2015 at 16:13
197 poster
RSTrading posted:
So how will you profit from this? I use a lot of freeware that is subject to a donation, personally I never donate, and I don't know of anyone that does. But, maybe it is just me..Maybe others will donate..


It's not about donation.
As i wrote, performance fee is freely determine by clients, so the profit for traders will depends on their clients own will
I just curious about how investors will reward their trader for the hard work done by the trader
I think with this kind of system all will be happy right??

theHand
Aug 08 2015 at 06:44
365 poster
Won't work. The principle's been tried on software. Majority of people don't pay.

You run the risk of legal fees if there is a loss, maybe even covering someone elses loss if your paperwork is not in order. Everybody wants to participate in the profit, but no one wants to participate in a loss. So you have to budget and save for unexpected expenses like that (or a CHF type event), it's not just the fee that comes in. To do this correctly you have to build a rather large finincial buffer. So you have to earn.

You'd be much better off offering a month or three free management trial and then charge to continue. Even charge the first 3 months back.

profit collector
bansostra
Aug 08 2015 at 09:19
197 poster
@theHand we talked about PAMM service not Software Product, it totally different product and of course different principal

Just to make it clear, maybe better if i asked for polling/survey like these :

How much percentage you willing to pay for performance fee at PAMM :
a. 0%
b. 1% to 10%
c. 11% to 20%
d. 21% to 30%
If you are a serious investor interested on good PAMM, what option will be your answer??

thanks for your generous participate answers 😄

CaptainVita
Aug 08 2015 at 09:22
20 poster
Sounds like a great and honorable idea. Its kind of a bit like bandcamp and co where you can pay what you like for an album.
I myself would pay more when the monthly profit increase and pay less when the profit decrease.
Paying nothing for a service is of curse out of question. Just selfish/egoistic and greedy people would pay nothing for a good service.

TradeWizard (AnalyzedIncome)
Aug 08 2015 at 09:47
206 poster
no one works for a longt time for free / free itself is the biggest selling word in world / if u have come up with the idea like this that is basically because u need attention you want ppl to see how u perform and when ppl realizes your worth u will also charge them . that is jst my opinion on the question posted by the thread owner [What if i create some brand new PAMM/MAM with idea of performance fee is freely determine by the clients??}

Greed and Non acceptance are the biggest enemies
profit collector
bansostra
Aug 08 2015 at 10:33
197 poster
@CaptainVita thanks for your nice and honest comment

@AnalyzedIncome thanks for honest opinion
you misunderstood, Free i mean here is Freedom for clients to determine performance fee by their own will, NOT by trader...
even the client put 0% as performance fee the trader MUST ACCEPT and take that consequence as agreement already clear bind by LPOA documents (but i doubt that investors does exist 😁
and about performance, thats why performance better than selling words.
Yes ofcourse investors will always analyse for traders performance before start to invest, what a silly act if investing funds without analyse performance first, and its already common..

Even now it just an idea, i seriously build this kind of PAMM in my next project, that's why i want to hear opinions will be bad or good, nice response or not, before step further

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