Quote:
Originally Posted by sugarwood
I wonder how they actually plan to do this.
Let's say they get $30k of investor money.
They buy a car and store it.
Now let's say investors want to sell their share.
Where does the money come from?
I guess there will have to be a reserve requirement.
Curious how often they will mark to market.
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Something like this that is a dark market can get pretty tricky. Can the share holders sell directly to others or just they sell back to the investment group who then charge a spread on the transaction? I have no clue why you would want to do something like this with so many other asset classes available but people are always looking for alternative investments.
Now, will someone offer a CDS type product to play the other side? That's the question.