4 ms·
I'd feel VERY uncomfortable giving a 3rd party the password to my brokerage account. Too many bad things can happen. Yes, I know you take property security.
by fsk 13y ago
I'd feel VERY uncomfortable giving a 3rd party the password to my brokerage account. Too many bad things can happen.
Yes, I know you take property security. There's always some bug or flaw you don't know about. Because you're logging in to the clients brokerage account, that means your software has access to their UNENCRYPTED UNHASHED password.
Also, there are reasons to NOT automatically rebalance every 21 days. Long-term games are better than short-term gains (unless it's an IRA). In addition to commissions, there's the cost of the bid/ask spread, not included in your calculation.
- deleted 13y ago[deleted]
- minimax 13y agoDoes it say somewhere that they store your IB username and password? Their documentation suggests otherwise. You will need to authenticate to your Interactive Brokers account. (Note: Quantopian does not store your brokerage password.)* https://www.quantopian.com/help#overview-livetrading https://www.quantopian.com/help#overview-livetrading
- jannotti 13y agoOn the question of long/short gains, you are certainly correct to say there is a difference, but it's also likely that rebalancing will only trade a fairly small portion of your portfolio. A neat way to do this would be to use your IRA only for the balancing portion. So suppose you have 100k "normal" money invest and 10k in an IRA. Allocate it all even (in both accounts), and when rebalancing needs to occur, do it in the IRA. The normal account stays unbalanced, but the IRA goes way out of balance in the other direction to make up for it. It'd be interesting to see how much "normal" money could be balanced by a $1 of IRA money, historically.