4 ms·

> Despite many people's preconceptions about the goodness of the internet, I must admit that they do a wonderful job caring for my plant! Maybe I should create

> Despite many people's preconceptions about the goodness of the internet, I must admit that they do a wonderful job caring for my plant! Maybe I should create a subreddit where people can control a bot that has access to my bank accounts so they can manage my finances, invest some, etc. ;-)

pacoWebConsult 7y ago
Didn't someone do this with Twitch Plays Stocks? Essentially gave them some capital and let the chat decide what trades to make. They nuked the portfolio within 24 hours.
- tylerjaywood 7y ago
  Yeah! https://www.businessinsider.com/stockstream-twitch-amazon-stock-portfolio-2017-5 https://www.businessinsider.com/stockstream-twitch-amazon-st...
  - lifeisstillgood 7y ago
    but if you had people "invest" a dollar of their own I bet they would manage it well ..
    - frequentnapper 7y ago
      you'd be surprised...
    - seventhtiger 7y ago
      Paying a dollar for the entertainment of burning down everyone's investment would be a great deal for a troll.
- colechristensen 7y ago
  On average (and very much more than just average) there is a negative correlation between trading frequency and portfolio performance (you are not an HFT firm, don't compare yourself to one). Set up a system like that wrong, and it doesn't matter how smart the crowd is, you're going to lose all your money. It would be interesting to play with the parameters of the game and see how results changed. (how often trades are made, max portfolio % per trade, voting mechanics, etc.)
  - benj111 7y ago
    Agreed You'd want to play to the 'wisdom of the crowd'. Perhaps some kind of voting on a selection of likely stocks?
  - imtringued 7y ago
    Sounds like the most optimal setup would be a single vote (1 vote = $1 spent on a stock of your choice) at the start and then just wait 1 year for the results.
    - jtolmar 7y ago
      You could put in a set amount per day (or week), choices weighted by the votes since last time, and get some of the benefits of dollar cost averaging, plus more reason for continued engagement. Maybe introduce sales after it's been around for a year. (Though I'm not sure which mechanism, DCA doesn't work in reverse.)
- deleted 7y ago
  [deleted]
tylerjaywood 7y ago
Wisdom of the crowds
- vibrio 7y ago
  Reference Boaty McBoatface
  - Freeboots 7y ago
    Boaty McBoatface is doing just fine https://edition-m.cnn.com/2019/06/18/uk/boaty-mcboatface-first-mission-scli-gbr-scn-intl/index.html https://edition-m.cnn.com/2019/06/18/uk/boaty-mcboatface-fir...
    - scoot 7y ago
      That isn’t Boaty McBoatface, that’s Boaty McBoatface 2 (or Boaty McTwoFaced as it ought to be known). Boaty McBoatface was the name the public voted for the research vessel, not the submersible. That was given as an attempt to save face after rejecting the public vote.
bigiain 7y ago
A bunch of people have already done this. They're called crypto-exchanges... <smirk>
stjohnswarts 7y ago
I have a Nigerian prince friend who will make your finances a lot easier to calculate. PM me for more.

pacoWebConsult 7y ago

Didn't someone do this with Twitch Plays Stocks? Essentially gave them some capital and let the chat decide what trades to make. They nuked the portfolio within 24 hours.

tylerjaywood 7y ago
Yeah! https://www.businessinsider.com/stockstream-twitch-amazon-stock-portfolio-2017-5 https://www.businessinsider.com/stockstream-twitch-amazon-st...
- lifeisstillgood 7y ago
  but if you had people "invest" a dollar of their own I bet they would manage it well ..
  - frequentnapper 7y ago
    you'd be surprised...
  - seventhtiger 7y ago
    Paying a dollar for the entertainment of burning down everyone's investment would be a great deal for a troll.
colechristensen 7y ago
On average (and very much more than just average) there is a negative correlation between trading frequency and portfolio performance (you are not an HFT firm, don't compare yourself to one). Set up a system like that wrong, and it doesn't matter how smart the crowd is, you're going to lose all your money. It would be interesting to play with the parameters of the game and see how results changed. (how often trades are made, max portfolio % per trade, voting mechanics, etc.)
- benj111 7y ago
  Agreed You'd want to play to the 'wisdom of the crowd'. Perhaps some kind of voting on a selection of likely stocks?
- imtringued 7y ago
  Sounds like the most optimal setup would be a single vote (1 vote = $1 spent on a stock of your choice) at the start and then just wait 1 year for the results.
  - jtolmar 7y ago
    You could put in a set amount per day (or week), choices weighted by the votes since last time, and get some of the benefits of dollar cost averaging, plus more reason for continued engagement. Maybe introduce sales after it's been around for a year. (Though I'm not sure which mechanism, DCA doesn't work in reverse.)
deleted 7y ago
[deleted]

tylerjaywood 7y ago

Wisdom of the crowds

vibrio 7y ago
Reference Boaty McBoatface
- Freeboots 7y ago
  Boaty McBoatface is doing just fine https://edition-m.cnn.com/2019/06/18/uk/boaty-mcboatface-first-mission-scli-gbr-scn-intl/index.html https://edition-m.cnn.com/2019/06/18/uk/boaty-mcboatface-fir...
  - scoot 7y ago
    That isn’t Boaty McBoatface, that’s Boaty McBoatface 2 (or Boaty McTwoFaced as it ought to be known). Boaty McBoatface was the name the public voted for the research vessel, not the submersible. That was given as an attempt to save face after rejecting the public vote.

bigiain 7y ago

A bunch of people have already done this. They're called crypto-exchanges... <smirk>

stjohnswarts 7y ago

I have a Nigerian prince friend who will make your finances a lot easier to calculate. PM me for more.