The MicroFund: a Hedge Fund for the Poor
Organized by: Chris Arredondo
What if the Stock Market wasn't just for the rich?
The MicroFund is a revolution in the fight against poverty....a hedge fund for the poor.
According to studies, a major cause of income inequality is the inability of poorer folks to participate in the stock market. The stock market rises far faster than wages which means that the deck is stacked against those who can't afford to invest. Even worse, tax codes favor investment income over wages.
The MicroFund gives small investment grants to poor individuals (clients) who are not able to save enough to invest on their own. These funds are then invested on behalf of our clients. Rather than giving a simple recurring payment, the client can withdraw 40% of their total investment per month. Each month the amount available to withdraw increases as their investment grows.
For clients in some of the world's poorest countries investment grants can be as little as $50 for adults and $20 for children. We can build wealth for 10,000 people for as little as $300,000! This initial investment will help more people each year as some of the profits will roll over for a new set of clients to join our fund.
In the U.S. grants will be $1000 for adults and $250 for children.
Please understand that The MicroFund is in the startup phase and has not begun operations. However, every dollar that you donate will go directly towards the implementation of this exciting new approach to fighting the scourge of poverty.