Mutual Funds NEW from eCitizens Bank
Day 1,648, 16:26
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Published in USA 
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by
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by Mr Andrews
Mutual Funds are a new way of investing in eCitizens Bank. Mutual Funds are similar to the way a stock is traded but do have a few differences. Mutual Funds pay out a weekly interest rate rather than a payout decided on profit on the company.
Before I get too far into the article I want to let you know that this week you may buy up to 25 Mutual Funds for $187 a piece. Send me a message in-game letting me know how many you want and send me the cash. I'll confirm your order as soon as possible.
I test marketed this new product to my employees 3 weeks ago and was able to work out any problems I had. So far it has been a success. Here are the numbers...
Now let's break it down on how Mutual Funds work...
1. Mutual Funds may be bought from eCitizens Bank at anytime for the going price of that particular week.
2. Mutual Funds may also be traded between investors. They may be sold for any price agreed upon. I am the middle man. Send me the cash and how many MF were traded and I'll make the changes in my books.
3. Mutual Funds may also be sold back to me for the week's price at ANYTIME.
4. Each week, Friday or Saturday I will pay out all investors their weekly interest.
5. Price of Mutual Funds will go UP or DOWN depending on how popular they are. If investors keep buying them up then the price will naturally go up. If everyone feels as though the price has peeked and they want to get out and there are many sellers, the price will go down. Also, to avoid a major price drop I will most likely split the MF so that this does not happen too often.
6. Each week anyone is allowed to buy from eCitizens Bank up to 25 MF. You may however trade as many as you'd like with other players.
7. You will only paid interest when I pay out all investors. If you sell a MF you will NOT receive any interest.
Here are a list of investors and how much they have invested. Feel free to contact them to make a deal and buy more MF. So you may either buy them from me up to 25 for $187 each... OR you may buy more from the investors listed in this chart.
EDIT: I updated the chart to include all the new investors and new mutual funds bought in the past few hours. If people keep buying like this it's sure to almost double next week.
EDIT:
Because of the overwhelming response I've decided to add one new rule. Open enrollment will only be Friday - Saturday. Meaning that you can only buy Mutual Funds FROM ME on the weekend. You may sell them to me at any time and you may also trade with other investors at anytime.
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How would one trade with other traders?
Message them, work out a deal, then both of you send me a message with the deal. I'll work as the middle man and exchange the cash and mark it in my books with the change.
I would like to buy mutual funds (depending on the price of course) up to 1000 or even more lets say. How will I do that? Can anyone contact me if they are looking to sell . Thank you.
As more people buy Mutual funds, won't the profit go down?
No the profit is payed off of each mutual fund and is to out of a set income.
So lets say I buy 25 MF this week can I add another 25 MF next week, making a total of 50 MF? is that possible? or is the 25MF valid for a duration of one week only?
Tariq #6 says each week you can buy so yes. Any you buy are valid until its sold I believe.
Mutual Funds are not paid out by profit... it is paid out by interest. At the moment the interest rate is 5%.
Definitely voting this. I hope to see this system live a long course.
This seems like a good idea that has some potential. However, it would be nice to see something like a message board on the eCB website where people could post if they were interested in buying/selling Funds, much like the Wallis Stock Exchange.
ill be buying 25 tonight
EDIT: I updated the chart to include all the new investors and new mutual funds bought in the past few hours. If people keep buying like this it's sure to almost double next week.
Definitely getting in on this soon.
Boy, I didn't see this one coming.
/sarcasm.
Good call, Mr. Andrews.
Scam.
ok im buying a few NOW
Will you be putting a cap on how many mutual funds will be issued?
Bought 10 funds.
bought 25 funds
@plugson this was when we first started but it was easier to offer a max per player than a total number of shares
I offer 227 $ per MF. PM me
so this is basically stocks lol
Because of the overwhelming response I've decided to add one new rule. Open enrollment will only be Friday - Saturday. Meaning that you can only buy Mutual Funds FROM ME on Friday or Saturday. You may sell them to me at any time and you may also trade with other investors at anytime.
bought 25 funds
You're all crazy to invest in this. There is no way Andrews can provide those returns. Has to be a Ponzi scheme.
Bought 25, lets see how it goes.
I'm looking to buy, I'll pay $230/MF. PM me with offers, thanks
I meant to ask if funds will continue to be created on a never-ending basis, dependent only on how many investors buy more each week rather than on some actual asset that pegs the value of what is being bought into.
Without a cap on the number of funds being sold, people who invest will never know:
A)will my funds become so diluted later on that if there is a dip in the market, I won't be able to sell them for anything they were originially valued
😎 if the 5% interest is being paid only with the CC from new fund being issued rather than on some other profit bearing method.
I don't see what those funds are based on and how profit is being earned to pay the interest.How is MF value determined?
On second thought, this looks rather fun.
I will buy 25 MF today and sell them to the person who offers me the best resale deal before 22:00 eRep time on Day 1,649. PM me with your offer and I will buy them for you (with my funds) and then sell them to you ASAP (once we have both contacted Mr. Andrews about the exchange and received his approval).
Okay, I sent a PM to Mr. Andrews about buying his MF. I had 3 people ask me to purchase on their behalf and was certainly willing to send the 2 Gold worth of CC for the 25 MF on offer.
Since I have not heard back from Mr. Andrews and I am unwilling to send money without a reply, it looks like I will miss this week's offering. My only hope is that my PM expressing intent to buy will let me purchase after the Fri-Sat deadline is passed.
I'll sell mine for 350 ea 😁.
Yeah, It's Sunday now... I still want to buy a few. If someone wants to sell some, please let me know.
Mr. Andrews is a man what you can trust, I had no issues with him so far apart from a delays in answering PM's sometimes. Soon my investment into lvl3 account will be repaid and I will be earning $$$.