Talk of The Villages Florida - View Single Post - Why pay a broker when they have no skin in the game?
Thread: Why pay a broker when they have no skin in the game?
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Old 09-10-2024, 01:24 AM
spinner1001 spinner1001 is offline
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Quote:
Originally Posted by rsmurano View Post
For example: say I gave them a $2M to invest, and they did well and made me $100,000, I would pay them 1% of that $100,000 gain, not the $10,000-$20,000 fee that they would charge me for the $2M I gave them. Also, if they lost me money, then they would make no money, or better yet, they would give me 1% of my losses.

You know no broker will do this methodology, they want to make money whether they do good or not and on money they never did work for.
Your hypothetical business model doesn’t happen in the real world for good reason. Bankruptcy.

You are looking for someone to be your business partner where you keep 99% of any gross profit and they pay 100% of the overhead costs.

Any business with that model will be out of business soon.