Reinvest/Autojoin

Dear Client,

In addition to this, I have some new discussion points.

1. An investor is in a program and the program hits the stop loss. The investor gets kicked out of the program and the program period restarts. Should the investor pay the entry fee again to join the program?

2.  An investor is in a program where he has a lower success fee than other investors, because the success fee has changed over time. The investor gets kicked out of the program and the program period restarts. Should the investor now rejoin and pay the new and higher success fee?

Hope to hear some thoughts.

Dear Client,

1. In this case, an investor can re-enter the program without paying entry fees if he is entering in the next trading period right after the Stop Out has triggered. 

2. Unfortunately, for now, an investor needs to pay the new success fee in this case. But I can assure you that I have transferred all the community's concerns about it to our management team and they are looking for a solution to fix this situation.

Best Regards,
GV Team

I would also like the investors to have a Number of REJOIN commitments. The investor selects how many REJOINS they are willing to accept. 

For example, a program with a 10% stopout  could have a maximum of 10 automatic rejoins, however investors can set this value of 2 or 3, to limit their exposure to the trader. Then the investor would be guaranteed a maximum Hard stop on their investment capital before they throw in the towel (Stop following the manager). 

1. In this case, an investor can re-enter the program without paying entry fees if he is entering in the next trading period right after the Stop Out has triggered.

Can you enable , 

1. Entry fee for Life of program. Investor only pays once regardless of period  restarts. 

Hi

Thank you. I think the "next trading period" is not enough. 

As you can see above, all investors got kicked at 42, but the manager continued trading. Now everyone paid 10% even though the manager wants to waive the 10% fee for old investors. 

Please take a look at this.

Kind regards

John

imo , there should be no entry fee. It is just not ethical to pay bonus at day 0 .

My thoughts

1. Add exit fee to protect managers . If someone wants to exit before program end, he pay fee for that . That's how mortgage or finance industry works.

2. Add rewards point for performing managers and let manager sets those criteria. For example if program profit reaches 50% , manager get additional bonus of 5 % . I think investor will have no problem accepting these terms.

3. If at all entry fee concept exits in program ( which I hate to see) . Limit it to max 3%. Don't let manager misuse it.  Anything more than 3% is brutal.

Dear Client,

Thank you for sharing your thoughts with us! Could you please elaborate a little on the third one? Do you mean that you would like to see entry fee reduced to 3% maximum?

Best regards,

GV team

Yes. Maximum 3% should be the max limit of entry fee and manager should not be able to set more than that.

But my first preference would be you to think about option 1 and 2 of my feedback.

Dear Client,

Thank you! We'll transfer your feedback to our management for their further review!

Best regards,

GV team

thank you !! 

Sorry I was as not explicit in my comments. I would like to "remove entry fee" from the programs and want you to think about implementing point 1 & 2 of my feedback.

Dear Client,

Thank you for specifying! Our management will review the possibility of implementing your ideas on our platform. 

Best regards,

GV team

Regarding the performance fee, The investor should keep their agreed performance percentage after a stopout when they rejoin. For example, a manager could offer a lower performance fee while their track record is new to add an incentive for investors to follow their program. If the manager reaches the stopout and the investors would like to use the "REJOIN" feature, they still get the same performance fee agreed upon at the earlier time. 

However, any new investment would apply to the current fee structure.