Steve, why not start up a “free speech” activism hedge fund, get 70M republicans to invest $100 month, that’s $7B a month, that’s 2x Elons 9% twitter position, we can start fighting back from boardroom to boardroom.
Is investing with Kirsch Capital like buying a stock or bond or mutual fund? When I open a bank account (can be a small amount - $100) or open a stock brokerage account (lately tend to have higher minimums), since Pres. George W. Bush, banks and brokerages that open new accounts have to physically meet the client. Just once. They must know the client. Then can perform transactions by mail (or possibly electronically?).
If I decide to buy a new stock (or bond), the brokerage, who met me once, can do it. I can buy a new stock thru my brokerage. However, I have to physically meet the broker or bank officer to open the account in the first place.
Our old north NJ bank gave 0.25% interest on CD's to our old north NJ church as a charity gift (back when rates on CD were about 4%). We mostly give to a DC church where we live lately. But wanted to help the old church a little. About 2006 or so, we had to drive from metro DC to north NJ by 3pm bank closing, to meet bank officer to open the account. Big rush. I beat on glass door and they let me in. For many years since, I have transacted by phone and letter. Small gift to the church still - like 0.01%? (I will phone and ask).
Do you have to know your customer? Or is is like a stock or mutual fund where you do not need to know the customer? But in those cases, the brokerage who buys the stock for me needs to know the customer.
steve I've been following you since one of your first posts on covid . I've forwarded your posts and ideas to many many people. I've also been critical of you in a few instances, where I thought your ego was getting the better of you because I believe in your sincerity and your intellect.
So, this is perhaps one of the only times I will again post on your substack comments:
I really wish you would stay away from 'cryptos' until you can put forth an ethical reason to invest here. I have been in the area since 2012. If you would give me half an hour of your time< I can explain why ethics is and also SHOULD be important for VC high yield investing. There are ethical reasons to invest here, and I am firmly against ESG related 'reasons' for investing in crypto. Also, I don't think c02 emission in unethical in the least , it has yet been used as an excuse to disparage crypto investing.
No, the real reasons are otherwise. If you give me a 5 minute elevator pitch to explain, I will.
All things are relative, and there are better reasons to invest in other areas where productive entrepreneurship may be more of a net benefit to society at this point in the adoption curve.
man that "accredited investor" stipulation has kept me out of so many great opportunities. which is why one of many reasons my wealth is all crypto, there is so many of us that are recently (last 4 years) wealthy from crypto but still cant do traditional investments because of these barriers to entry. still keeping a sharp eye on your fund for whenever i do get that delegation.
Without sounding too radical, plugging anything into the system carries with it some peril. For people who really want to create space outside of the squares, I suspect that the answer is in an independent bank. A charter can probably be purchased in the Cayman Islands, and insurance is probably available.
For what it's worth, crypto seems like much more work than it's worth. Like green stamps in the olde timey times. At some point, you always get back to the coin of the realm, so to speak, so you may as well just work with that instead of with a translation system (which requires a lot of energy for its transactions).
Any chance for us lower end investors? 10K is NBD - 50K is maybe too rich for my blood at this stage of the game.
I'm upset that "Ancient Freakish Profusion" was already taken. Who does that? 😀
Steve, why not start up a “free speech” activism hedge fund, get 70M republicans to invest $100 month, that’s $7B a month, that’s 2x Elons 9% twitter position, we can start fighting back from boardroom to boardroom.
Can one use self directed IRA funds to invest?
I’m not interested in investing $50K just to get dividends.
I have 10 Etherium already.
Is investing with Kirsch Capital like buying a stock or bond or mutual fund? When I open a bank account (can be a small amount - $100) or open a stock brokerage account (lately tend to have higher minimums), since Pres. George W. Bush, banks and brokerages that open new accounts have to physically meet the client. Just once. They must know the client. Then can perform transactions by mail (or possibly electronically?).
If I decide to buy a new stock (or bond), the brokerage, who met me once, can do it. I can buy a new stock thru my brokerage. However, I have to physically meet the broker or bank officer to open the account in the first place.
Our old north NJ bank gave 0.25% interest on CD's to our old north NJ church as a charity gift (back when rates on CD were about 4%). We mostly give to a DC church where we live lately. But wanted to help the old church a little. About 2006 or so, we had to drive from metro DC to north NJ by 3pm bank closing, to meet bank officer to open the account. Big rush. I beat on glass door and they let me in. For many years since, I have transacted by phone and letter. Small gift to the church still - like 0.01%? (I will phone and ask).
Do you have to know your customer? Or is is like a stock or mutual fund where you do not need to know the customer? But in those cases, the brokerage who buys the stock for me needs to know the customer.
Thank you for considering this.
Are you strictly about maximizing profits? Would you invest in companies like Pfizer or Moderna?
With the FTX crash and others, I presume this venture has been rethought?
#Endthemandates
any updated information?
steve I've been following you since one of your first posts on covid . I've forwarded your posts and ideas to many many people. I've also been critical of you in a few instances, where I thought your ego was getting the better of you because I believe in your sincerity and your intellect.
So, this is perhaps one of the only times I will again post on your substack comments:
I really wish you would stay away from 'cryptos' until you can put forth an ethical reason to invest here. I have been in the area since 2012. If you would give me half an hour of your time< I can explain why ethics is and also SHOULD be important for VC high yield investing. There are ethical reasons to invest here, and I am firmly against ESG related 'reasons' for investing in crypto. Also, I don't think c02 emission in unethical in the least , it has yet been used as an excuse to disparage crypto investing.
No, the real reasons are otherwise. If you give me a 5 minute elevator pitch to explain, I will.
All things are relative, and there are better reasons to invest in other areas where productive entrepreneurship may be more of a net benefit to society at this point in the adoption curve.
Well, we're almost 10 weeks out at this point.....
Is this still gonna happen?
Steve, curious if you've seen this idea, and what you think of it? (a gold-based state-back crypto currency).
https://xotv.me/channels/233-economic-war-room/vod_videos/14047-a-new-state-backed-gold-digital-currency-you-can-trust-ep-184
man that "accredited investor" stipulation has kept me out of so many great opportunities. which is why one of many reasons my wealth is all crypto, there is so many of us that are recently (last 4 years) wealthy from crypto but still cant do traditional investments because of these barriers to entry. still keeping a sharp eye on your fund for whenever i do get that delegation.
Without sounding too radical, plugging anything into the system carries with it some peril. For people who really want to create space outside of the squares, I suspect that the answer is in an independent bank. A charter can probably be purchased in the Cayman Islands, and insurance is probably available.
For what it's worth, crypto seems like much more work than it's worth. Like green stamps in the olde timey times. At some point, you always get back to the coin of the realm, so to speak, so you may as well just work with that instead of with a translation system (which requires a lot of energy for its transactions).
I need a crash course in investing, any recommendations?