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If I told you I have an account at Interactive Brokers, Zecco, Scottrade, and Sharebuild, frequent EliteTrader forums, and watch CNBC would people be interested

• secretasiandan 16y ago
  If you told me that you watch bloomberg for ambient noise and use CNBC mostly for comic relief or to get frustrated/angry before a hard workout I'd be more interested. If you told me that you peruse nuclearphynance but that (almost) all forums are mostly crap, I'd be more interested. I've only just perused it but I don't think a covestor model is that valuable because things like survivor bias and small sample size even with a sizeable history (unless they are very frequent traders, in which case I think there are better places for them than covestor). I also don't think I would (nor should anybody else) act on any "tips", since to me at least the connotation of the word is that someone tells you a "fact" without you understanding the mechanism. If you don't understand the mechanism, you might as well just go full bore with the survivorship bias and pick the best track record. Related to the requirement of understanding of the mechanism is the idea that you should invest in what you believe to be valuable investment philosophy, regardless of past performance. Also, I find offers like this generally worrisome.