Joyfund looks to be a very interesting prospect indeed. A friend of mine is currently auditing their trading accounts and can confirm their legitimacy.
The following is the synopsis taken from the current Joyfund site:
Quote:
Joyfund unique objective is to offer investment opportunities based exclusively on actual trading.
Comparable funds like Hedge Funds in such configuration ask for a minimum investment of $50,000-$1,000,000 (if you want to have a look).
In order to bring high returns to small to medium investors, we have to face an administrative hurdle that does not facilitate trading. But as we strongly believe in providing to everyone what only a few can supposedly afford, we will manage, with your help, such administration.
Joyfund will provide you with several long term investment opportunities (based on real trading!). Each time one of its funds reaches the 1.5 - 2M$ capital (such amount is needed in order to justify the implied increased costs), several events will take place:
* It will be branched out to a new entity,
* Shares will be issued to investors proportionally to their investments,
* Costs will be rationalized toward a lower burning rate and thus a higher profit share for investors,
* An internationally recognized external audit will be hired,
* The fund will be opened to high worth investors thus increasing fund's long term reliability,
* Money Management rules will change to enhance capital preservation.
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An information center detailing quality money making opportunities.
CHYIPS - On another level to HYIP - a legitimate opportunity.
Joyfund - joyfund.info
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