talk about opening a can of worms starting at the end "happy to report we have the technology" weren't those Hitlers exact words after he explained his great solution? I'd like to get the brokerage contract on this deal. Didn't we already try that in the tech bubble when everybody signed on and found out we were buying AMZN today? I'm with you on the robe and a bowl of rice, that's all I need to be happy (like my girlfriend said, "A roof over your head is also a nice touch.") The term "collusion" comes to mind. If it's just GS and JP no big deal, but if it's 50,000 or more independents that could be a problem, especially since they are all small donors if donors at all. I guess the master robot could decide who to pay off. Will there be an 800 number for those who don't have or don't choose to own a computer? (or better yet a monthly newsletter by snail mail.)
There was a TV show in the late 70's "The Bionic Man" with Lee Majors. The lead-in included a very serious narration, "We can rebuild him. We have the technology." I should probably not use such dated references, (they might not be funny anymore) but what i'm proposing might sound a little like trying to build a bionic man. Oh, i should'v mentioned this would operate on the forex through a variety of forex brokers through a variety of liquidity providers. Theoretically, the liquidity providers are big enough to where they might not notice a change in their profitability if 50,000 accounts were collecting a small pension. The first to notice a consistently profitable system would be whatever brokerage the robotic portfolio was using. And they may have ways of slowing down the equity curve if it looks like it just won't quit. Dunno. So one way around that would be to use as many brokers as possible. An extremely profitable system might bother the relationship between a broker and it's liquidity providers. So it just needs to stay underneath the radar. Can't be too greedy. Yes, i'm thinking it might work if it's not too greedy. If people stuck with some basics the pensions could have a better chance at sustainability. Yes, the master robot - the central algorithm - could treat some accounts differently. The central algorithm could be distributed on several cloud clients/servers. The individual account holders would not need to know each other. The central algorithms could be managed by an individual or a group. But even if it was a group, it would be legal. That individual or group would be rewarded for the excellency of their algorithms, their management. They could recieve a % of net profits on a schedule (ie. quarterly). Individual account holders could be trusted to send the agreed upon % to the manager or the management group. In other words, the individual accounts could be just that, someones personal private account with their name on it and their funds in it. So the kickback method may not be automated if the manager does not have authorization on that account, except to send it signals. To do that, each individual account holder would need his/her own client/server in the cloud, but that would be the "slave", just doing some money management routines that cater to that accounts level of equity and desire for leverage. If there's a trust relationship, the kickback process could be automated, but i don't think that's necessary. Good idea. Snail mail would allow someone to become a hermit somewhere remote, i guess. Actually, i know of a hermit in south america. He's always somewhere remote, but he also videos himself talking and posts them on youtube because he visits internet cafes. I'm thinking internet access would be the minimal requirement, and should be able to handle all transactions including communication. I actually did a monthly newsletter one time, back in the late 90's when such things were still mainstream. Mustv been before forums became easy to set up and use, and before most people were online. That clientele was found through paper media. And it was because there was an effort to teach people some things, and track a demo portfolio from month to month. But in this case, the clients don't need to even understand anything about the algorithm processes, and the growth in their equity speaks for itself (news). But i suppose, for a special kind of kickback relationship, someone could be quite disconnected from the internet and still receive a pension. Depending on where in the world one may be located, one's overhead could be quite low. Where would that be? Dunno. Let's take Philippines for example. Someone could go quite remote, but still be close enough to an internet cafe where they could instruct their forex broker to send X pesos to Y bank so they can go to the local ATM. If someone wanted to be more independent from the central algorithms and the person or group that handles that, they could learn more about the process and install their own robots on their client/server in the cloud. Then they would have that learning curve and all the management that goes with robots. The central algorithm dependency is for maximizing the efficiency of the management, and to exploit the knowledge and experience that usually only a few are able to accumulate. Of course, another way to handle accounts would be to set up what's called a PAMM account or something similar. That may be a solution of sorts. What are the advantages of a networked signal sending operation (such as i've proposed)? I'll have to think about that.
I've often thought of the same thing. Best I could come up with was an offshore unregulated mutual fund. I like the idea though, Keep me posted. day after day my system becomes more and more automated, but I like to keep about 10% to myself. I suppose I could find some young kid to automate what I already know I am going to do. I like the element of luck, which usually occurs when I am sleeping and not able to watch the market, and not sure I want to automate my sleep, which is about the only free thing I have left. In otherwords, I would have to program the computer to know how sleepy I should be and to stop trading until it thinks I am awake again. And you just never know what can give me a second wind. It's no big deal. 50% I have good luck and 50% I have bad luck, but it makes it more enjoyable (although a little hard to sleep.) you sound like you are pretty intimate with your robots. That sounds fun
Goldman is a liquidity provider to the forex retail market. Principles there may even have been (still may be) amongst the shareholders of the Federal Reserve System. They have the "license" to borrow from the Fed at really low, discounted, interest rates, and then turn around and collect much higher interest rates from various kinds of markets. If their assets go sour, they may even be bailed out by the Federal Reserve "System". And, as a bank, they can include themselves in the fractional lending system, which is a kind of favoritism that subsidizes some kinds of businesses (lenders) over other kinds of businesses, who would be busted if they tried to say that $100K = $1 MiLLion. A friend of mine had a $100K CD with a bank that was bought up by J.P. Morgan/Chase a few years ago. Maybe it wasn't one of the banks that DID NOT get bailed out, unlike J.P. Morgan Chase, which DID. At any rate, his 4-Year 5.5% annual certificate of deposit was extended to 5-years in the switch. It expires this coming October. That turned out to be good because nowadays, he says he can't find anything better than 1.75% per year. This is a guy, who, with no other income, pays the taxes and dues on his paid-for condo with the income from the CD payments, so he doesn't lose his home. And unless he finds something better, he's going to lose it. He's smart, but just too dysfunctional to fit in anywhere in the labor-force. I have some other friends, retired, who, using $100K they buy "junk" bonds paying about 12% (at least they DID) where they staggered the pay-outs to come monthly. I should introduce my friends to each other. But the plan is to have him use somewhere between $3000 and $6000 to replace the income he lost with the 5.5% CD's. And if, with the other $94K he can find SOMETHING conservative of at least 4+% , he should be good to go, even if the robots don't quite live up to expectations. What would you advise?
Unlike ElectricSavant, i make a distinction between what i call the *god of this world* and GOOD. And i would agree that we are indeed involved in the god of this world's capriciousness. But beyond that, there is a GOOD that is not capricious, but rather gracious. Unlike ElectricSavant, i endeavor never to get these two confused by my faith.
My understanding is that the forex market is more accessible to more people the world over than any individual stock market. So, in contests like THIS, for example, you'll see participants from everywhere except the south pole. I hope to roll something out in the year. But i also may take the year to prepare and/to enter that trading contest, and slowly build a portfolio of live test accounts at the same time. I also want to be ready to "copy" the top robots in this year's contest. I have the technology. Yah, you could set up some basic alerts so you can sleep, and be woken up by a beep when it's time to handle it yourself. This went completely over my head. I'll have to talk to my supervisor. I'm what you'd call a believer. I'm against believing, but i believe that believing is the only other option to actually knowing something, which i never claim unless i actually know it (or believe that i know it).
I guess I better make myself clear. I believe the Bible. God is Good God is Real and God is not mysterious. The God of all Gods has made a difference in my life. I think for the purposes of this thread I want to post that I believe that God does not care about your trading...period! Soooo....unlike Good1, I do not complicate such a simple belief with man-made beliefs. ES P.S. Good1, I invite you to PM me for further discussion if this is personal for you.