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10-19-2009, 08:05 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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KaChing
Maybe there is a use for "Social Sharing" after all.
Site Lets Investors See and Copy Experts’ Trades
Quote:
Customers can set up brokerage accounts that automatically mirror the trades of a money manager, some of them professionals.
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Quote:
“The concept is great — the ability to tap into not just the wisdom of the crowd, but to be able to identify and invest with the particular geniuses in the crowd that stand out,” said Mr. Andreessen, who has invested $100,000 using the site.
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Somewhat different, I suppose, from those other group investment websites -- like Cake, for instance.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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10-19-2009, 04:28 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,518
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Amazing! Now you can let people who have no responsibility towards you or your financial well-being make trades for you! I guess ka-ching's register goes Ka-Ching each time one of those trades are made.
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10-19-2009, 04:33 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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Quote:
Originally Posted by walkinwood
Amazing! Now you can let people who have no responsibility towards you or your financial well-being make trades for you! I guess ka-ching's register goes Ka-Ching each time one of those trades are made.
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Yes, there are other options:
I am only pointing out alternatives.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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10-19-2009, 04:46 PM
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#4
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Mr. Adam Monk was always a good one to follow:
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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10-19-2009, 05:08 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 6,506
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Whatever happened to all the the "daytraders"? Struck it filthy rich and are lounging on their private islands. Riiiiiight.
Seems this is a new plan for sucking in the gullible.
__________________
There must be moderation in everything, including moderation.
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10-19-2009, 05:42 PM
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#6
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Recycles dryer sheets
Join Date: Nov 2008
Location: Billings
Posts: 101
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Quote:
Originally Posted by ls99
Whatever happened to all the the "daytraders"? Struck it filthy rich and are lounging on their private islands. Riiiiiight.
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I saw one just this morning. He said, "Welcome to Walmart."
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10-19-2009, 06:54 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Quote:
Originally Posted by ls99
Whatever happened to all the the "daytraders"? Struck it filthy rich and are lounging on their private islands. Riiiiiight.
Seems this is a new plan for sucking in the gullible.
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Sssssssshhhhhhhhhh...don't blow our covers.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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10-20-2009, 01:53 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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Sounds like another innovative tool for separating investors from their money.
I think I'll pass on this one - besides I think my time is better spent researching potential investments rather than sifting through the 8,300+ "geniuses" listed on the site.
__________________
Budgeting is a skill practised by people who are bad at politics.
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10-20-2009, 04:38 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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In another thread, when speaking about no longer finding value in financial publications (magazines, newspapers, online, etc.) since joining this Forum, I said:
Quote:
... and should have said right out: It's pretty hard to slip something by this group.
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This thread is the perfect example of that.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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