If someone still inspired to be the greatest WB - why not horn your stocks pick skill first from your backyard or garage or wherever it maybe.
LYN seniors are right. No offence.
Start An Investment Group, Legal Investment Group
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 Oct 24 2009, 09:05 PM
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#1
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Senior Member
2,335 posts Joined: Jul 2008  
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Someone trying to Warren Buffet here. No offence, but WB starting via parttnership status in USA.
If someone still inspired to be the greatest WB - why not horn your stocks pick skill first from your backyard or garage or wherever it maybe. LYN seniors are right. No offence. |
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Oct 25 2009, 12:00 AM
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#2
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Senior Member
2,335 posts Joined: Jul 2008
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QUOTE(wodenus @ Oct 24 2009, 11:33 PM) What if you started a partnership, all the partners contributed capital for the company, and the company decided to invest in the stock market ? Lesen needed.. |
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Oct 25 2009, 01:30 AM
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#3
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2,335 posts Joined: Jul 2008
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7. Any corporation whose carrying on of the regulated activity of fund management is
solely for the benefit of its related corporation. 8. Any corporation whose carrying on of the regulated activity of investment advice is solely for the benefit of its related corporation. 9. Any corporation whose carrying on the regulated activity of advising on corporate finance solely for the benefit of any of its related corporation and where the related corporation is a listed corporation, such advice is not circulated to the shareholders of the related corporation or otherwise made known to the public. 10. Any person who carries on the regulated activity of dealing in securities for his own account or for his related corporation through a holder of a Capital Markets Services Licence who carries on the business of dealing in securities. My laymen understanding is ; say 10 friend set up a company call ABC Sdn Bhd. The 10 friends pool their cash and open CDS accounts via investment bank (example OSK..) under ABC Sdn Bhd then invest in KLSE - might be allowable by law. But this is my 2 sen tot. Need reconfirm with legal expert.  |
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Oct 25 2009, 09:18 AM
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#4
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Senior Member
2,335 posts Joined: Jul 2008
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QUOTE(skiddtrader @ Oct 25 2009, 01:47 AM) Yes, based on what I understand it is possible and does not break any law as it falls within the CMSA guidelines. But still will need an expert for confirmation. Oh ya, those mak cik- mak cik do that in our office. Better inform them this monday that "kutu" is illegal...hahahaha Edit: Oh yeah, as I was reading about the law and such, came across a law that prevents the registration of any entity with the purpose of kootu collection. You know where some pool of people contribute money every month and each month someone gets the money turn by turn. So it is against the law in Malaysia to form a kootu fund. haha It was kind of funny coz I remember being involve in that before when I was younger among friends.   |
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Oct 26 2009, 12:53 AM
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#5
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Senior Member
2,335 posts Joined: Jul 2008
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Option or alternative ;
One may set up new investment comp or partnership from Singpola, indon, Thai, pilipin or brunei or papua new guinea. After run abt 18 mths from host country and since current malaysia gov treating foreign FMC with red carpet then it might be diff story.... Not a suggestion okay. Just wild tot.  |
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