Critique (please don't steal) My Business Idea
I like investing. Someday, I'd like to get to the point where I'm responsible for investing other peoples' money. Hedge funds, traditional AM, whatever. But I want to do something different--try to find a new group of people to market to. Rich people are able to easily invest in HF or other large investment vehicles. Normal people invest savings and have 401k plans through work. Professional Athletes and famous musicians probably have high net worth financial planners breathing down their necks. Teachers and police men have state-funded pension plans. What I'm looking for is a a subset of very young, probably very uneducated (in a financial sense, at least) people who have potentially serious cash.
Yeah that's right-- I want to invest for strippers. Create a retirement fund for strippers. These are girls who, starting at the age of 18 or 19, could make high 5 figures cash and probably 6 if they're good. They are individual contractors, so I don't think they get anything like this from the club. They can only work for so many years, probably 10 at most, though they probably don't financially plan for the time after that. I bet the last thing on any given stripper's mind is how the value of the benjamins tucked into her g-string is slowly being eaten away at by inflation.
Thoughts?
My first thought is: How many strippers are there? Sounds like a very niche market.
Second thought: They probably invest their cash where regular folks do. I'ts not like strippers are one homogeneous type of people. They come from all walks of life. Hell, I've known pretty smart college girls that did stripping, because they were blessed with a nice body - and it paid off college many times faster than pushing burgers at McD.
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