Swen Lorenz and his cofounders at Sarnia Asset Management have coined this term for people with USD 1-20m investable assets. An ambition for all forum members here as we all need at least CHF 2m for early retirement in Switzerland. I am particularly fond of people who put the money where their mouth is - and that’s what might set this network of investors apart from ordinary money managers with their predictable self-interest.
Having followed Swen for a while (also meeting him in Zurich once), I enjoy his apppreciation of community and his out-of-the-box thinking and am interested in what is to come: events, blog articles, podcasts and newsletters.
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Just signed up on their website.
The iCloud Hide My Email address couldn’t be more fitting:
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I like the material on poormillionaires.com, but their Sarnia Asset Management compay offers a fund that even Bloomberg does not know about …
Looks like it’s not traded and according to their fund … ahem … document …
- there’s a minimal holding amount of €100’000
- subscription prices (for shares) will be calculated upon subscription (!)
- ditto for redemption prices
- there’s a redemption “gate”
Maybe the poormillionaires.com stuff is independently fine, but that little research on their fund product just repelled me from subscribing to their newsletter.
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I’ve seen some of his materials before but remember blocking him and not viewing any more.
I got ‘bad vibes’ from him.
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