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Strategies & Market Trends : Trading For A Living

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To: Sequoia Holdings who wrote (829)	7/9/1998 12:39:00 AM
From: Darren	of 1729

What cut would /should I ask for as the backer? Depends on the method and the trader. Best for the trader (i.e. taxes) is a loan at whatever interest rate you can get from him/her -- I've heard anywhere from 10% to 30%. I've also heard of split deals where you get a minimum interest payment each month no matter what, say 10%, and 20% of net profits. A good trader can make everybody money in such a deal, an average trader will be suffocated. Are there any legal issues with backing another trader. Legal issues include a) classification of trader as professional, b) secured loan against what (house, car, etc?) I would advise you see an attorney regarding the drafting of a contract...

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