GOAL: The Black Business Alliance has set a goal to raise $1,000,000 cash for investment purposes. The plan is to raise this capital from among the members of BBA. During the growth phase of this project, the funds are expected to be invested in mutual funds. Each investor will retain full control of his or her investment until the group decides on a common investment. At that time, each investor can opt in or out.
INVESTMENT AMOUNTS: Investors must be able to invest in increments of $1,000 ranging from $1,000 to $10,000. Funds can be paid in over a period of five (5) years. The following are projections only:
- $10,000 x 10 = $100,000
- $5,000 x 20 = $100,000
- $1,000 x 50 = $ 50,000
- $250,000 x 4 yrs = $1,000,000 (total investment)
REPORTS: Reports on each individual mutual fund account will be available to the entire group and will be shared with the group on a regular basis.