Post Reply
1-17 of 17
To Tradesman,
SO how? with Gallen started his own funds, when is yours? I will seriously consider it if Tradesman (you) started one. I am a fan of Tradesman (your) foresight and TA skills.
Dear Gallen,
It is actually the Mgmt Fees that you charge that is taxable. not the capital
thus the advice to legalise it, is for your sake....
Wow... 50 + people!
Can I ask how much $$ per person on average? If its not too confidential?
Can I ask how much $$ per person on average? If its not too confidential?
cashiertan, thanks, but any gains from my fund is capital in nature and not subjected to tax. this is not a trading fund hence no trading gains involved.
hi scotty, about 50+ people so far
Gallen,
Glad to hear that you have started your funds even under such bad times. However, i hope you be careful as actually your fund mgmt activity is illegal even if under pte. this is becoz taxes are involved. i suggest is to legalised it asap.
thanks
Hey Gallen,
How many people sign up for your fund already?
How many people sign up for your fund already?
Fund will go live this Saturday, will be open to new investments till 31 Dec, those who are interested to participate, please drop me a private message, thanks!
Hi Gallen,
Yah, good luck to you too! Please keep us informed of the progress of your fund. I am also personally interested in this.
Yah, good luck to you too! Please keep us informed of the progress of your fund. I am also personally interested in this.
Dear Sifu Gallen, I agree with u. Heck heck about MAS regulations. U are right that it can be termed as private legal contract. Best wishes to the successful launch of yr Gallen Fund Management. Good luck to all of us.
yah... I think cashiertan is right, there should be some MAS regulations on this.
Gallen, I think you should check out before starting. Do not get into unnecessary trouble. Good luck anyway, bro.
Gallen, I think you should check out before starting. Do not get into unnecessary trouble. Good luck anyway, bro.
confirm he needs to register with the respective dept. also he needs to pay at least hundreds of thousands of deposits as guarantees and tens of thousands of license fees. If it is so easy to be Pte fund manager in SG, you would have seen tons of them..
But anyway, good luck to you gallen on your project, hope you can achieved your dream soon.
Hi gallen,
Do you need MAS clearance for this? Maybe you should check out before you start this fund.
Do you need MAS clearance for this? Maybe you should check out before you start this fund.
Hi Gallen,
Maybe you could tell us the factors differentiating your proposed fund from those out there? :)
Maybe you could tell us the factors differentiating your proposed fund from those out there? :)
Scotty, thanks!
Good luck bro!