Platinum Wealth

https://twitter.com/Richards_Karin/status/768389894314029056

CLUB When was the club started? Discussions started in early June 2016 but the agreement was signed the 29th June 2016. What entity is the club? The club operate as a partnership. How will income tax work? Income tax is payable in your own name. Each partner will get a certificate at the end of the financial year reflecting his/her income (interest/capital profit). He/she must then declare this income on his/her income tax return with SARS. ----------------------------------------------------------------------------------------------------------------------- MEMBERS/PARTNERS Can anyone join? What is the process to apply? Additional members/partners can join at any time if 75% of the existing partners agree to it in writing or at a meeting, and the number of partners in the club will not be more than 50. New members must be proposed and seconded by two existing partners. The club can refuse to admit any person without giving a reason. Can I withdraw from the club? Yes, you can. Written notice must be given and will be presented at the next meeting, when it will be considered received. The balance of the partners' capital account will be paid out in 90 days less any costs. What happens if a partner dies? It is the same as a withdraw above. ----------------------------------------------------------------------------------------------------------------------- FORMS Where do one get the forms? It can download from: http://www.platinumwealth.co.za/documents/ What forms must be completed? Partnership Agreement Rules of the club Membership application Declaration by member Then for FICA purposes, we require the following: Copy of ID Proof of residential address Where does one send the application form to? It can be emailed to: [email protected] ----------------------------------------------------------------------------------------------------------------------- CONTRIBUTIONS How much is the initial contribution? It is set at R1,000 and can change if we decide that at a meeting. How do I pay the initial contribution? Normally it is paid with you first months' contribution. EFT payment. How much is the monthly contribution? It is currently set at R255 per month. How do I pay it? Debit orders? We are not going to use debit orders as this will make more admin for us. You can set a stop order at your bank to pay over the monthly contribution every month. What is the monthly minimum contribution? It is currently set at R255 per month. Can I pay more than the minimum monthly contribution? Yes, you can invest any amount. You are however limited to 10% maximum ownership, meaning you may not have more than 10% of all the units in the Club. For the time being everyone will just contribute R255 per month and once we are up and running, then we can contribute more. We will communicate in the monthly report how much is 10% in the club. Why is R5 from my monthly contribution not used for shares? R5 of you contributions are held back in the current account. This money is used to cover any costs that the club may have, example bank charges. This money belongs to the club and if you withdraw you investment you will not have a claim against this funds. We may decide at a meeting to issue extra units to members and transfer money from this fund to investments. I don't see the bank account details to make payment? We will send this to you in an email - for security reasons we do not want to publish it here. What is the due date for payment? Let say we are looking at the month of August 2015. This contribution, 2016/08 is payable before or on the 5th August 2016. September 2016, or 2016/09, will have to be paid before or on the 5th September 2016. You may pay you contribution lets say at the end of August 2016 for 2016/09, but it doesn't really matter. What reference should I use for my payment? Please use you initials and surname. No need to send proof of details as we will pick it up from the bank statements. ----------------------------------------------------------------------------------------------------------------------- RESEARCH All partners are expected to research at least one company or investment vehicle every 6 months, using a recommended system of company evaluation. We will update this with the correct procedures. ----------------------------------------------------------------------------------------------------------------------- OFFICERS What officers are there and what are their duties? President/Chairperson: To lead and prepare the agenda for meetings. Make sure rules are followed. Approve money withdrawal with other executive member. Explore opportunities for enhancing the group’s practices Treasurer: Keep accurate account of all the group’s finances and present books at meetings.Collect money every month. Have signing powers with the chairperson and the secretary. Secretary: Keep an accurate record of the group’s activities, namely minutes, correspondence and membership register. Maintain communication to make sure all members are informed of all activities of the group.Have signing powers with the chairperson and treasurer. ----------------------------------------------------------------------------------------------------------------------- MEETINGS How will voting work? Each member/partner only have one vote. How frequently will there be meetings? We will try to have meetings every month. At least 50% of this must be attended by a partner. When will I receive the minutes of a meeting? This will be emailed within 72 hours after a meeting and will also be posted on the forum. ----------------------------------------------------------------------------------------------------------------------- UNITS/VALUATIONS How is the value of the units determined? The current value of the assets and property of the investments club, less the current value of the debts and liabilities, will determine the value of the club. The value of the club will be calculated 5 business days before each periodic meeting. ----------------------------------------------------------------------------------------------------------------------- TRADING ACCOUNT Do we have a trading account? At this stage, no. But we will open one once we invest in shares. ----------------------------------------------------------------------------------------------------------------------- REPORTS How frequently will we receive reports? Report will be send out every month. At year end a set of financial statements will be issued reflecting all the transactions for that year. Reports will be published on the forum and will also be emailed. Please send any questions to [email protected] and we will answer it.

Hi There, welcome to the Forum. Thank you for taking the time to register and be a part of it. We aim to be a very large player in the investment and finance space with the open forum we have here. This forum is also filled with hidden sections belonging to investment clubs as we strive to offer a platform where other investment clubs can join and streamline their own communication protocols, the Public Forum will grow with time concidering we are only a few weeks old and has already grown tremendously. As for what you can do, well you have already started doing by posting I hope you enjoy your stay here the usuals like tell your friends etc etc -- Note, I am always available via PM ( personal message) should you require any assistance or have any questions about the forum.

Live Chat functionality has been added to the forum in case any member or prospective member has any difficulties with the forum and wants to speak to an admin asap.

We looked into this as a possible fund for the investment club due to the minimum buy in.

Feel free to contribute

May you be so kind and Like the Facebook page -> https://www.facebook.com/Platinum-Wealth-1006656069432930/ The first idea/mission with the page is to get new members in order to help grow the community. In order for the Facebook Page to get a custom URL we first need 25 likes before Facebook allows it. When we have 25 likes the page will be populated with "Hot" threads and general market data to try and capture the interest of the public. The second purpose of the facebook page will be to keep members updated if something goes wrong for instance if the server is down or if maintenance is being done just to keep everyone informed etc. All the likes will be appreciated lets grow this thing together.

Your wish is my command.

Made the small text smaller and the post body text smaller.

With that extension you can create what you want this forum to be to your hearts desire and then simply post the code file here then we can all use it. Example: Result:

We will have to write a custom Dark stylesheet and make it available via Stylish Using this chrome plug-in -> https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwiR7-H6yqfNAhWGMhoKHQlHDD8QFggkMAE&url=https%3A%2F%2Fchrome.google.com%2Fwebstore%2Fdetail%2Fstylish%2Ffjnbnpbmkenffdnngjfgmeleoegfcffe%3Fhl%3Den&usg=AFQjCNHqQ_jWum-eFNn9yAtVsdvLWn0fkw&sig2=U14RWNVLFeC5HQdC3kOMuw Then when we have build a custom dark theme it will be made available, however it's not in the foreseeable future unless people want to help out.

@dieWerner welcome to the forum, I hope you enjoy it here! As for your question, have a look at the Absa's Newgold ETF -> http://etfcib.absa.co.za/products/exchange%20traded%20funds/commodities/newgold/Pages/default.aspx

I suggest you edit your messages and paste your E-mails in the private protected forum -> http://www.platinumwealth.co.za/forum/showthread.php?tid=49

Because I want to do everything we can to grow.

It's just SEO to rank better to get members on here to answer more of our questions.

More for google's SEO purpose that I am concidering it. I made a sitemap last night took 39 minutes to index this entire site. I do not want to know how long one would take for one of the bigger forums. I think I will create a cron job and create a new sitemap every friday.

I have this: http://www.platinumwealth.co.za/forum/archive/index.php?thread-51.html and http://www.platinumwealth.co.za/forum/archive/index.php this for what you are trying to do. I am more referring to an actual sitemap.xml page if that makes sense.

I have been pondering about this one now for a while... We are already over 1000 pages imagine if this thing grows, would it be necessary to have a site map, I mean it will have to be generated daily and submitted and generating a sitemap when you get in that 5K pages range starts to become a tedious process. So from a SEO perspective besides the sitemap and google webmaster tools, what strategies and technical changes can I make in order to get us growing continuously.

Right, Log in via google is now enabled! Existing users have been updated. If you singed up with your gmail address initially then you will automatically be able to log in via the google login or normal forum login.

That is hilarious. It also sucks.

Hangouts is semi part of the chrome eco system -> Google is Life Google is Love

That is what I thought due to chrome being the dominant player most are already signed into google. I am going to attempt to implement this. Keep note this will be for new members, I am not sure I will figure out a way for existing members to hook up the API at least not in one day.

I want to integrate with Google and Facebook to allow new users the ability to log in via google or facebook as I think that might spur more poeple to join concidering both platforms are familiar and everyone is used to it. I am concidering starting with just google and see how it goes and then add the Facebook ability if the google registrations are successful. Any feedback regarding this pending decision is welcomed.

I am glad that you guys find this helpful, it was a bit of a risk mainly because no other forum does this, but I believe it will become standard in the future I was just lucky to so happen to know the guy that made it so he assisted.