# Poor Millionaires

**URL:** https://forum.mustachianpost.com/t/poor-millionaires/15294
**Category:** Investing / Others
**Created:** [January 22, 2025, 11:49am UTC](https://forum.mustachianpost.com/t/poor-millionaires/15294 "2025-01-22T11:49:08Z")
**Posts on this page:** 4
**Page:** 1

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### Author: ![dom.swiss](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dom.swiss/32/19499_2.png) [@dom.swiss](https://forum.mustachianpost.com/u/dom.swiss)
#### Post date: [January 22, 2025, 11:49am UTC](https://forum.mustachianpost.com/t/poor-millionaires/15294/1 "2025-01-22T11:49:08Z")

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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.

> **[Poor\_Millionaires.pdf](https://poormillionaires.com/wp-content/uploads/2025/01/Poor_Millionaires.pdf)**
>
> 1100.44 KB

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### Author: ![assemblyrequired](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/assemblyrequired/32/11088_2.png) [@assemblyrequired](https://forum.mustachianpost.com/u/assemblyrequired)
#### Post date: [January 22, 2025, 12:38pm UTC](https://forum.mustachianpost.com/t/poor-millionaires/15294/2 "2025-01-22T12:38:21Z")

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Just signed up on their website.

The iCloud Hide My Email address couldn’t be more fitting:

 ![poormil](https://forum.mustachianpost.com/uploads/default/original/2X/0/02de05ca5d3af0f94c6b361ab98f97a67701c391.png)

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### Author: ![anon17469660](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/a/13edae/32.png) [@anon17469660](https://forum.mustachianpost.com/u/anon17469660)
#### Post date: [January 22, 2025, 3:45pm UTC](https://forum.mustachianpost.com/t/poor-millionaires/15294/3 "2025-01-22T15:45:25Z")

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I like the material on [poormillionaires.com](http://poormillionaires.com), but their Sarnia Asset Management compay offers a fund that even Bloomberg does not know about …

 ![image](https://forum.mustachianpost.com/uploads/default/original/2X/e/eddb771e69c1e213429a2bc2a747b1584e225e2f.png)

Looks like it’s not traded and according to their fund … ahem … [document](https://sarnia-am.com/libs/media/Disclosure-Document-Sarnia-Remo-Fund-Limited-August-2023-final-ID-171.671.pdf) …

- 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”  
 ![image](https://forum.mustachianpost.com/uploads/default/original/2X/4/4b154dacc2006e654c23055883bc6dbc16fb00a1.jpeg)

Maybe the [poormillionaires.com](http://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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### Author: ![PhilMongoose](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/philmongoose/32/12331_2.png) [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)
#### Post date: [January 22, 2025, 9:24pm UTC](https://forum.mustachianpost.com/t/poor-millionaires/15294/4 "2025-01-22T21:24:58Z")

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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.