The Online Investing AI Blog

Summer is heading into the home stretch.

We’re going to keep the temperatures high here, though. Here are some great links on personal finance and self-improvement.

One of the struggles most investors face is taming their emotions. Free From Broke offers dollar cost averaging as one remedy to emotional investing.

Simple Trading System caught this: BP is selling assets to Apache.

It’s kind of like a McMansion for a hobbit. Man finds contentment in an 89 square foot house, courtesy of Faithful with a Few.

This could be a demographic time bomb. Finance Samurai points out that there are now more senior workers than teen workers.

Read more…

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When reading about finances or talking to people, I always hear the same useless advice: “You have to learn to save money.” or “It’s hard because the economy is so bad.”

This kind of talk is really just complaints and useless advice. Everyone already knows that saving money will improve their finances. But they have no idea how to do it.

After reading this great post that Matt found over at My Wife Quit Her Job, I noticed that the reason I like Steve’s blog is because it contains information that is fairly rare. It’s not about saving money, it’s about building a powerful positive cash flow asset. It’s not about lamenting about how hard life is and how hard it is to get a job. It is about how Steve’s profit is going up as unemployment rises and the economy goes down.

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Technology is leveling the playing field for a lot of businesses and industries.

It once took millions of dollars of capital to start a business. Now all you need is a computer and an internet connection.

Education is the next domino to fall. Learn Out Loud is pioneering that path.

The company, which sells audiobooks, also offers free books,  including several business and self-improvement classics.

Here are a few examples:

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Life doesn’t need to be hard.

And, as I read through some posts this week, I noticed something. Personal finance isn’t brain surgery or rocket science, or even rocket surgery.

Getting your financial house in order, spending money effectively, and investing wisely, can actually be pretty easy.

Here are a few bits of advice that proves it.

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Internet, Investing, Money, Online Investing AI advice, Investing, Links, Money, roundup, savings, wealth

I’m not really a soccer fan.

But I do get caught up in the World Cup. Most of the teams I rooted for are out.  Even Ghana.

Initially, I had trouble sitting through the early matches. First, the scores were so low. Then the constant racket of those infernal Vuvuzela horns. It sounded like locust on crack.

Sheesh.

But, you know what? After a few games, I don’t even notice.

I think there’s a lesson. This could help you with the personal finance vuvuzelas: the financial media.

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Automated Trading, Internet, Investing, Money, Online Investing AI, Success advice, finance, noise, personal financial, personal financial freedom, soccer, vuvuzela, world cup

pic by mckaysavage @Flickr

May you live in interesting times.
–Chinese curse

We do live in interesting times, perhaps the most interesting times in the history of civilization.

That can be good.

And that can be bad.

We seem to be caught up in the eddies of a great transition. These economic, social, and technological forces can toss an individual around. It’s in these interesting times that we are fortunate to have some interesting voices who will help us steer our personal financial ships by offering us advice and issuing us warnings.

In this edition of Weekly Wisdom, we’ll review some of the best posts and articles on personal finance and improvement.

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Accelerating Technology, Investing, Money, Online Investing AI, Success advice, discounts, finance, Investing, investment, Links, Money, personal finance, roundups, saving, wealth

I first connected with Nick at Becoming Capitalist through this blog. When I read his intro, I liked the way Nick thought. He sees artificial intelligence and automated-algorithmic trading as a way to tap technology for personal financial freedom. We call that the Wealth Singularity. I’ve been reading Nick’s blog and communicating via email. I’m pretty impressed and thought you might want to see an Expert Profile on what Nick is up to and how he approaches automated trading.

What attracted you to automated or algorithmic trading? Why is this so important to you?

The attraction for me to automated trading was driven by the same desires I had getting into IT and software development. When I see a problem or a set of work, I look for ways to automate it and streamline it. And then of course I have a computer do it. This really provides endless satisfaction. Those who build or create anything understand the feeling of joy when there creation is finally complete.

For the programmer, this joy can be ongoing. Unlike a machine, once you’ve coded something it will execute perfectly again and again; never again requiring your input. I suppose the objective in trading then is for your AI to become a version of you without your bad qualities. No emotion, never tires, hungers, or needs a break, and can multi-task in ways you could only dream of.

Read more…

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The one thing I learned in the world of personal finance is that things aren’t often as they seem. Sure-fired strategies turn into half-baked schemes and bad ideas turn into revelations and revolutions.

Often, these strategies are counter-intuitive. Other times they’re so simple you wonder why you didn’t think about that first.

You have to keep an open mind and take care not to cloud your judgment.

This week, I’d like to pass on some posts that made me think. In a lot of cases, they made me think that I was wrong about personal finance issues, or, at least did not explore the issues deeply.

Here are a few of the best:

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Investing, Money, Online Investing AI advice, contrarian, financial, financial wisdom, Links, Money, personal finance, pf, roundup, weekly wisdom

Pic by bjohnson @ Flickr

It’s always good to keep up on your personal finance and self-improvement readings. It should actually be a habit, a space you carve out in your day to research, study, and learn.

This keeps you on track and keeps you motivated. I try to vary my reading habits from week-to-week, checking out blogs that specialize in the three legs of personal finance: saving, investing, and spending.

Here are a few links I had a chance to read over the week.

Enjoy!

Studenomics clues us in on Financial Literacy Month.

MarketSci blog takes a look at the correlation between past and future volatility.

Get a look at your financial checklist for April at Personal Dividends.

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Automated Trading, Internet, Investing, Money, Online Investing AI, Success, US Economy advice, debt, Investing, Links, roundup, saving, spending

Pic by RC Designer @ Flickr

Spring is finally settling in.

The sun’s out a few more minutes each day–even though we lost an hour’s sleep.

The temps are a little warmer.

And, is it just me, or do you have a little more energy?

When Spring hits we want to take that excess time and energy and do something productive. Spring cleaning is perhaps the best example.

But why just tidy up the garage? Or clean out the basement?

There’s some financial work to do and spring is a great time to do it.

Here’s some advice by my favorite bloggers on how to take management into your hands.

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Accelerating Technology, Investing, Money, Online Investing AI, Success, US Economy advice, invest, investments, Money, roundup, savings, spring, wealth, wealth management