When I first spoke to Shaun Altman about the Metaverse Investment Fund, the total user accounts at that point was something like 200. Shares in the fund were a little over $L1.03 and the first month of investor returns (since February 1, 2008) was somewhere in the vacinity of 10%.
Fast-forward a little under 2 months and the picture is a now slightly different;
- 364 users (and counting)
- 14.8% Investor Returns
- $L137,273.87 in total dividends
- Current share price of $L1.07421
Those numbers aren't too shody. I still haven't managed to wrangle any further details out of Shaun about his "swinging doors", but he is obviously doing something right!
Although my original investment was "modest" by Shaun's standards, the return so far, including fees on the fund as at 18th April, is 7.2% since February 26th (50 days). Not exactly "Second Life Gambling Parlour" returns, but certainly better than most RL funds lately!!
Still waiting to hear from any other MIF investors on their thoughts on the fund. My 2 cents; Congratulations to Shaun on his efforts. Keep up the good work!