Get as few or as many of your friends or colleagues together. You and your friends can be accredited or non-accredited investors.
Decide how much money to initially invest. All investors in each group need to contribute equal amounts of money.
Create a brokerage account of your choice. We recommend having an account where each group member has access.
Submit your initial capital amounts and brokerage account to Lucid. Once approved, you start investing.
Lucid operates our funds in a very specific and properitary way that allows for non-accredited investors to pool their money together. Without Lucid, pooling money is illegal.
If 5 friends are going to make 5 trades in the stock market a week, that's $250 of trading fees on average. With Lucid, people make trades collectively, lowering fees by at least 50%.
By crowdsourcing decision making and research, you make more successful investments. We suggest voting on all decisions you make with a 70% favorability to pass.
It's hard to have enough capital to have a diversified portfolio. By pooling your money together with other people, you greatly increase your investment opportunities.