User:Alvinchuatw/sandbox/Mutual money making
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Mutual money making (or MMM in short) is an investment concept whereby a group of like-minded individuals or organisations gathered together for the common purpose of investing together to achieve their investment goals. They can choose to invest using individual funds or pool their funds together for the various investments.
The core concept of MMM is that the investments of the group should be beneficial to each other and not benefiting oneself. It promotes open sharing, communications and sharing. Discussions and sharing should be transparent with all the underlying risks being communicated and understood.
The term "MMM" was first coined by Alvin Chua in 1 June 2017, a Singaporean cryptocurrency professional and the CEO of Resnovia Corporation, an investment management firm based in Singapore. The initial idea of this term light up when he first started cryptocurrency investments with his team.