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If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

The disadvantage from the fund manager here is it's much less flexible in terms of growing or shrinking the fund

The person who runs it nicely describes it as

And we covered that a couple of videos ago.

And so, it was really those lessons that made me decide to build Acumen Fund about six years ago.

Grandfather, the clinic, the foundation,

That's what I'm going to talk about here

All kinds of funds and brokerages.

I also want 100 of that.

Let's continue with the story of

So what happens?

We borrowed money at high interest.

This is actually the power of compounding interest.

Take a look at these.

That's 100 , right?

We all have heard of it.

But let's say that that's not on the table anymore either.

But that probably had you asking

The advantage is this fund manager doesn't have to keep cash around in case the share holders want to redeem

Remember, this is the annual interest rate but this is an overnight loan.

We borrowed money at high interest.

Before Interest and Taxes.

So now, by essentially printing money, buying debt, increasing the supply of money, two things happen.

Oh, my rate right.

And this is the same thing as what?

(Applause)

100 interest.

So we'll say Hey this is your cash for tonight, if you need it for the next night, we'll talk again.

What gets raised? A noun phrase, a vital role to announce here interest rates.

So, in the first video,

And a closed end fund

But I am seeing in the major funders, in CARE, Rockefeller,

And you often see that problem when it comes down to those long lists of all these funds.

Interest on loans is high at present.

So let's say I'm charging r percent.

And of course the difference is the money that he had to spend on tax.

OK, so let's say I borrow 1,000.

The price of money will go down, that's what the federal funds rate is, it's the target rate, so I'll say Fed Funds Rate, it's the target rate that the Fed sets for the overnight borrowing of reserves between banks, that's the Federal Funds Rate, and it will go down and that's how the Fed tries to set the Federal Funds Rate.

And it was that that whole philosophy that encouraged me to start my current endeavor called Acumen Fund, which is trying to build some mini blueprints for how we might do that in water, health and housing in Pakistan, India, Kenya, Tanzania and Egypt.

The loan carries 5.5 interest.

Are the profits exclusive of taxes?

And it doesn't matter over what

An example of an asset revenue stream would be number 6 sale of ownership.

All right, I just added a zero to everything.