Dear @phgnomo
Finally I've found some time to catch up and read few previously bookmarked posts.
I've noticed that you were not around much lately. I'm glad to see that you're still around (hopefully all healthy and sound).
soon to be a certified investment advisor
Seriously? Darn! I wasn't aware that you are into this kind of stuff. Great to have someone with your knowledge and experience around.
Thanks for sharing more info about Genesis platform. I found it quite interesting. I'm not sure if I can find it useful for me, however it surely doesn't hurt to have more knowledge about tools available out there.
Fortunately, it is having a pretty good start, with a 52% profit on 20 days
I don't understand it. How was this profit generated?
Are those FUNDS similar to idea of SMTs?
ps. what is KYDC ?
Solid read. Have a great day buddy,
Piotr
Yeah, i started to study to become a Certified Financial Advisor since the beginning of the year, and my plan is to be certified at the end of this dread year.
Like i said on the other answer, it is similar to 'traditional tradring', but instead of buying each coin, one by one, you set what is the proportion of the total value of the fund that will be alocated to each asset.
For example, if the fund have a balance of 1000 USD, and using the proportion i defined above, i would be as if i bought, at the moment i created the fund:
390 USD of ZEC
210 USD of COMP
80 USD of MCO
70 USD of LEND
(and so on).
So, the profit comes from the price of each asset, as the traditional trading, but instead of going through the trouble of buying coins to keep the asset proportion every time a new invesment is made, every operation happens automaticaly.
It's a typo. It should be KYC (Know your costumer), it's a general rule/law of traditional financial markets, where the brokers can only allow you do operate if you provide personal information.
"dread year"? :P
Yeah... stupid year... hope it dies soon...