Why are you smarter than professional money managers?
By techweb
@techweb (217)
United States
September 2, 2012 10:32am CST
Major financial institution such as banks and hedge funds struggle to get an 8% on average return on their investment. That means if they invest a dollar, they get 8 cents in a year. Some of the programs out there say that you can double your money in 24 hours, but I will be kinder and choose a less ridiculous claim like make 2% per day. If you were to perform that "trade" for a year, you would make about 750% return. That is almost 100 times the return that a professional makes.
Why is it that you think you can make this kind of return, when those bankers can't? (Furthermore, why don't they then have people working like you working for them, multiplying their profits by a 100). A realistic return would be something more like 8% spread over a year, that means for each dollar you invest, you get back about .02 cents in a day.
2 responses
@TeamCholent (2832)
• United States
2 Sep 12
On top of that bankers/hedge fund managers etc have a research team that is dedicated to looking into the rough data and numbers and making sense from it. The fact that all these HYIP are around in my personal opinion is not a good thing as many go scam and quickly. People are being exploited as they are foolish and think they can earn big money for doing nothing while the rest of us work 8 hours/day and manage our money smartly but still have to struggle daily with the bills.
In truth if you have a lot of luck things like Forex can make you a lot of money quickly(if you have no luck you are going to be in a lot of financial trouble).
@TeamCholent (2832)
• United States
3 Sep 12
It is only a good deal if you don't get sued in your personal capacity and lose 
@techweb (217)
• United States
3 Sep 12
I am with you, this is people acting foolish to the extreme. I will make a special note about the last point you made. It is true that you Can make money with ForEx, in the same sense that you Can win a lottery. Since I have personal knowledge of Wall Street, I'll let those who are able to get a 700% return using HYIP in on a secret. Why invest your own money? Hedge funds usually have 20% deal where they take home 20% of the profits at the end of the year. Say they give your "desk" a meager (and this is really just startup funds) 10 million to play with. At the end of the year, you make 70 million. The fund takes home 14 million and you'll probably get to keep between 25 to 50% of that. Worse case scenario you get fired, best case scenario you take home 3.5 - 7 million dollars per year, without investing any money of your own. Now that's a good deal.
@mysdianait (66009)
• Italy
2 Sep 12
Banks have overheads that those sites might not have (though I agree with your thoughts). They have staff to pay for starters whereas those sites are possible run by a single person.
@mysdianait (66009)
• Italy
2 Sep 12
They would have to pay taxes so maybe they lie low and don't tell us the results that they are getting 
