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Panic on Wall Street!» Forums » Rules

Subject: Manager Income rss

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Ken Fisher
United States
Virginia
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During Phase 3: Manager Income, page 6 of the rule book states..."each manager collects revenues from the sale of shares to the investors who have risked funds in the companies of their portfolio.."

I'm not clear if this means investors must pay this fee each round or only when they initially purchase shares. The rules don't appear to state clearly, but I'm inferring it is every round.

The thing I am hung up on is the concept of buying "shares". That traditionally means you make a SINGLE initial investment and reap the profit (or loss) based on the company's performance. Also, the rules say "from the sale" this too seems to support the pay once theory.

 
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Agent J
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Coldwater
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Kfisher109 wrote:
During Phase 3: Manager Income, page 6 of the rule book states..."each manager collects revenues from the sale of shares to the investors who have risked funds in the companies of their portfolio.."

I'm not clear if this means investors must pay this fee each round or only when they initially purchase shares. The rules don't appear to state clearly, but I'm inferring it is every round.

The thing I am hung up on is the concept of buying "shares". That traditionally means you make a SINGLE initial investment and reap the profit (or loss) based on the company's performance. Also, the rules say "from the sale" this too seems to support the pay once theory.



Really they're renting shares. The investor buys the shares, the managers rent the shares from the investors, so it's an every-round payment, although we tend to just take all the tokens off and erase the amount every round as they're paid off anyway.
 
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