[MoF] Bank Of Ireland

Day 3,983, 09:15 • Published in Ireland Ireland • by New Ireland Bank



Dia Dhuit, Éire!


Today I’m introducing a new project which will be ran by Ministry of Finances with only one goal - to make Irish people richer. Considering the recent changes in the game, especially in its economics aspect we’re sure that something like this will help Irish citizens grow and protect the state and individual’s assets from the changes on the markets.

We already did the same with the Irish state funds, public money is kept very well secured and our assets kept growing when everyone else lost their money. We’re now much richer than we were at the beginning of the term. I’ll keep operating on the markets using the public money and give my best to make us more prospect.

However, I’ve decided to do the same with private money too. I’m using my own money to make profits for myself. In general, I’m treating the state money same as I’m treating my own, so the general idea behind this new project is to do the same for the rest of Irish citizens. It doesn’t cost me any extra time except when I’ll be writing reports and keep the track on what’s going on with the money.





Bank Of Ireland


We are founding Bank of Ireland. It will act as a financial investment fund in which any Irish citizens will be able to invest the money. I’ll use two separate orgs to trade with Bank of Ireland capital and state money. Both state money and Irish people’s money in the fund will be kept very transparent and I’ll write regular reports to all the people who has a share in the fund.

Bank of Ireland will serve as a way for Irish citizens to make the best out of their money. When you’re dealing with bigger amounts you’re able to make a bigger impact on anything you do. We’re going to ride on game mechanics possibilities to make bigger amounts of money by having a bigger capital to invest with. Also, investments will always be those with lowest risk as well, I don’t like losing my own money and I would hate losing anyone else’s money.

However, there is always a risk and anyone making an investment should be aware of that. I’m not guaranteeing you’re going to make huge profits, but I can tell that so far I’ve been making myself about 20-30% profits per month, which isn’t all that bad.

It takes a large degree of trust when it comes to the Bank, that’s why I’m going to run this project on my own, to make sure I’m the only one responsible for what happens.






Bank rules and announcements


I’ll post weekly reports on what’s our Fund state at that moment. Everyone who decide to invest the money in the Fund will receive reports when they are written. Reports will contain the state of Fund, it’s profits and plans for the future.

Considering I’ll be trading with all the kinds of assets it won’t be possible to take the money out of the Fund every time someone wants that. That would lose the Fund's value.

I’ll announce whenever that procedure will be possible and you’ll be entitled to whatever you own in the Fund at that very moment if you want to bail out of the Fund. I believe that will also happen every second week. The same rules are for another “waves” of investments. I won’t be able to accept the investments all of the time.

An individual can become a fund co-owner by donating money to me and writing me a message “Fund investment”. Bank of Ireland is only accepting currency (IEP, cc).

Fund will operate on products and monetary market. Which means we’ll often be changing the type of assets.

Fund ownership structure with updated profits will always be online and able to check by the Fund owners. The first spreadsheet will be published after the first wave of investments which ends tommorow evening. (Wednesday, 13 erep time)

Being Fund co-owner is only possible for Irish citizens, the Bank keeps the right to reject anyone if I decide it’s too risky for any reason. However, I can’t think of many people I would reject at this moment.

Lowest possible amount to invest is 10 000 IEP.





So, how it really works?


An investor will own the percentage of the Fund depending on how much of the total capital he owns. The profits will have the same entitled percentage.

Simple example:

Imagine we’ve gathered 5 different people who wants to invest 1 000 000 IEP all together. I’ve used the investments to trade and I’ve made 10% profits on the total of 1 000 000 IEP. Now our fund is valued at 1 100 000 IEP and the money is shared to the owners depending on the amounts they’ve invested. If the Fund makes 10% profits - everyone makes 10% of their investment. No interest fee will be kept by the Fund, however, anyone can support the effort by making a donation to me without investment value in it.



That’s the shortest way to describe how it is going to work and I believe it’s simple enough for everyone to follow it. I’ll have very similar table to this one above posted always in a google spreadsheet investors will be able to open anytime to check their profits and ownership structure as well. I’ve been running the same thing like this, it was called CrOmegaFond and it provided great results without anyone ever complaining.




Other news from finances world


As part of #BuyIrish project I’ve been keeping the prices low in Ireland for the past few days and results are better than I’ve expected. I did more than 5 turns of buying and selling in our markets. Probably foreign citizens came to buy from our markets as well because I believe demand was too big for the country of our size.

We’ll keep this project going, Clairevoyance is going to take charge of it as I’m going to be too busy dealing with other stuff such as Bank of Ireland and our state money profits.

#BuyIrish project is a pure volounteer work and it’s financed by the private money. We’re buying products from the cheapest markets for a lower price and selling them on the Irish markets with a goal to make items cheaper and more affordable to everyone.







Yours,
Don