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Here's an exceptional wealth idea I'm willing to share:
Lotto
Lets see where we can take this.
I guess it just comes back to the wealth vs exceptional wealth debate.
coming out and sharing your ideas may make you wealthy (a relative term vs the average punter) but to achieve exceptional wealth, you will need an exceptional idea and most likely need to develop that idea entirely yourself, reasons for this:
a) because sharing that idea may harm its value, or b) no one else/very few others will have the expertise to offer you any helpful advice, c) only you will have the drive to push your idea to greater success.
anyway, that's just my general opinion on the matter.
but specifically to your idea TH, I think your idea is conducive to discussion, and you will probably benefit greatly from it.
I hope it goes well for you should you take the leap from hypothetical to actual.
Here's an exceptional wealth idea I'm willing to share:
Lotto
Thoughts?
Lets see where we can take this.
Probably better investment than a standard hedge fund offering 2/20 and a sorry when the take 2/-50 in the third year.:
Perhaps a fund that tries to exploit lotto results? With a team of qants and big swinging dick traders... I mean lotto pickers.
Most in here are happy paying away 4, 5 or even 10 times uplift on IPO for some tinpot miner with an office in West Perth, a patch of red dirt and a business plan that barely addresses anything beyond paying their own staff. A cut of the profits (above a relatively high hurdle) shouldn't be too much for most.Yes I like that way of thinking about it. You don't get nothin' for nothin'. You could even see it happening like this,
each 1/4 I put up 20% in escrow for DD protection. And 5% of funds from my own money to the Client (locked away) and I get to margin the client funds.
end of period client get to keep my 5% and doesn't even know how much I made margining his funds. Sounds a bit sinister but that could work.
Yes many will roll their eyes but a DD as always is on the cards, But a large and more importantly quick one if not likely. Using normal MM of 0.5 to 1 % at risk per DAY not per trade things move alone in either direction smoothly. (watch the them bring up the "ya but what if a plane flies into the ...")
Some good points here.
1. yep
2. Absolutely
3. Absolutely
4. yep
5. I guess that getting beyond the capability at a theoretical start up.
6. where is it? or is that fine print I see
7. I really think thats a very important one. To enable a so called "client" to log in daily if they feel like it and see real time progress - or lack of it. Logistically it already possible.
Ok I'll start the ball rolling.
The aim is to try to predict which lotto number will come up.
Don't laugh. There is method to the madness.
Instead of looking at numbers, we will look at physics. With today's computing power, I believe a complex model of a lotto machine can be constructed.
The spinning of the balls in the machine is not random. But so complex as to appear random.
Purchasing the blueprints for the lotto machine from whatever company that makes it, and creating a computer model simulating the spins, durations, position of balls, thing that comes up with a ball (wth is that called), size and weight of balls, elasticity, etc.
Might take a few PHDs a month. Or maybe a year. The beauty is time is on your side. Moore's law means your computer power will increase, and what better time to hire maths PHDs fallen from grace than now! So recently after being booted from their lofty qant desks after 25 sigma events.
...
Failing that, we'll just buy a goddam machine and position the balls EXACTLY. (Will need help of cleaners to photograph the real one before drawing night to see position of the balls)
Then do a few spins
Yes the more I look into this the easier it would be to just nail everything right from the start and be done with it.Concerning #5, I don't think it's beyond a small start up operation. In fact, I think it makes it all the more important. The largest risk for this type of operation is transparency. Without good governance, you're just not going to get the level of transparency investors of any meaningful size will require as a condition precedent to investment. No matter how good the theoretical returns.
So do you think you can produce returns with these costs loaded into the business and still make a decent cut for yourself (administration, IT, independant gov)?
I think you missed the purpose of the question. It's not about how much a day trader can make, but whether or not you've thought how much these things are likely to cost you and therefore how big the fund will need to be to bare these expenses and still make the minimum returns and have some left for you.I was waiting for such a question. And this is one that comes up all the time. How much can a daytrader make? You know the type of thread,
I think you missed the purpose of the question. It's not about how much a day trader can make, but whether or not you've thought how much these things are likely to cost you and therefore how big the fund will need to be to bare these expenses and still make the minimum returns and have some left for you.
newbie starts,"I have a cfd account which is up 300% since the beginning of the year, I'm thinking of pulling Z amount out of the house and quiting my day job"
This might be a stupid question, but why not make it easier for yourself as guaranteed risk-free plus 10%, then 70% of everything to up to risk-free plus 25%, with you keeping the rest?
And how does this differ from what you did? (replace house with business)
you all should know by now...if it sounds too good to be true...then run as fast as you can...
Ok I'll start the ball rolling.
The aim is to try to predict which lotto number will come up.
Don't laugh. There is method to the madness.
Instead of looking at numbers, we will look at physics. With today's computing power, I believe a complex model of a lotto machine can be constructed.
The spinning of the balls in the machine is not random. But so complex as to appear random.
Purchasing the blueprints for the lotto machine from whatever company that makes it, and creating a computer model simulating the spins, durations, position of balls, thing that comes up with a ball (wth is that called), size and weight of balls, elasticity, etc.
Might take a few PHDs a month. Or maybe a year. The beauty is time is on your side. Moore's law means your computer power will increase, and what better time to hire maths PHDs fallen from grace than now! So recently after being booted from their lofty qant desks after 25 sigma events.
...
Failing that, we'll just buy a goddam machine and position the balls EXACTLY. (Will need help of cleaners to photograph the real one before drawing night to see position of the balls)
Then do a few spins
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