Longhornbill,
As a CPA, can you provide a comment regarding the tax implications for an investor who has invested $10,000 into the pool?
Assuming a 11.61% monthly return, reinvested would:
a) Taxes be taken out each month, at a tax rate of 40%, yielding a 6.97% return, for a 124.36% compounded yearly return after taxes. Or
b) Taxes are due at the end of the year, based on total capital gains received?