If you've ever looked at the results of professional money managers, and thought to yourself, "I can do better than that!" then you should start your own YoutualFund. A YoutualFund is sort of like a mutual fund, sort of like an ETF -- but is completely personalized by you.
Before YoutualFunds, it was impossible for a regular, smart person to start his own mutual fund (or his own ETF). Government regulations, red-tape, overhead, lawyers, back-office systems... all these obstacles made starting a fund impossible for regular people.
Friends, family, and strangers will be able to receive real-time trade alerts from your YoutualFund and decide to make trades in their brokerage account. And you'll earn money for running a good fund.
First, choose your fund's symbol. A YoutualFund symbol is like a stock symbol. Other people can find your fund - and trade it at their broker - by using your symbol. (Helpful hint: all YoutualFund symbols start with the ^ character. Example: ^EXIT.)
After you select a symbol, next decide what your YoutualFund will invest in, or "hold." For example, if you are creating a technology-centric YoutualFund, you might want to hold 33% Google (GOOG), 33% Apple (AAPL), and 33% Microsoft (MSFT). A consumer-products fund might want to hold Procter and Gamble (PG). Or perhaps you are a "gold bug" and you want your fund to invest entirely in the iShares Gold Trust ETF (IAU). This process of choosing stocks to hold in your fund is called allocating your fund.
You can re-allocate your fund at any time. Better yet, you can even choose other YoutualFunds to allocate into your fund!
Once you've allocated your fund, you will watch your fund's performance. All YoutualFunds start with a fund price of $100 per share. If the stuff you hold goes up in value (for example, if Apple announces a terrific new product, and its stock shoots upwards), your YoutualFund will shoot up in price, too!
It's completely free to create and run a private YoutualFund. You can track your fund's performance, and show your friends and family your private YoutualFund.
You can earn money running a good YoutualFund once you take it public on the YoutualFunds Exchange. Once your fund is public: