04 $8.88

So what is with this $8.88?

As a Private Equity Company, they are not a bank and they are not Financial Advisors.

They are private people, entering into private transactions with each other under a private company with their own private rules.

Therefore, unlike a Bank or Financial Institution, you need to have a stake in the company to be involved. So the $8.88.

I pay this membership each month, however, at the end of 24 months, I get this membership fee back. Really, $8.88 times 24 months is $213.12 and I am told the return is something like $230.00.

You can take this as cash or reinvest in your Key Subscription, and start another two-year subscription.

This $8.88 does several things.

  • You get access to financial coaching, at no charge.
  • You can partake in Zoom Calls.
  • You get to see the inner workings of these people I have a membership with.
  • You can start a Key Subscription at 7% per year, minimum $25 a month.

This last one is to get me into the habit of regular savings.

  • You can also start an equity position, more about that here.

All of this is pretty strange. It is not at all like any investing I have done in the past. And in fact, the guy I am talking with is wanting to get the word investing out of my vocabulary and replace it with participation.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.