The Online Investing AI Blog

OK.

Make sure there’s no one reading this over your shoulder. Is the coast clear? Cool.

So, here’s the number one most incredible money secret: there are no secrets.

People are continually using The Secret this, or The Secret that to make their information appear occult or specialized. Bloggers are notorious.

Hey, guilty as charged. Here’s my Money Secrets post. And the Financial Secrets of an Abundant Mind.

The thing is, these are open personal financial secrets. There’s nothing secret about handling your money astutely. It goes a little like this.

Save regularly.

Spend smartly.

Invest intelligently.

Those aren’t really what I consider secrets. They’re obvious. They’re the subjects of millions of books, articles, posts, and bull sessions.

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Investing, Money, Online Investing AI finance, financial, funds, Money, personal finance, secret, secrets

So, you want to invest in gold?

Here’s what you need to do. First, you need to strike a claim. Actually, before that you should probably buy a mule and change your name to a more authentic-sounding “Jasper” or “Festus.”

Then you take a pick and begin cutting away…

No. No. No.

Investing in gold does not require you to prospect or dig a mine.

Here are four ways you can get your gold bug on without getting dirty. Or changing your name to Festus.
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Investing, Money, Online Investing AI, US Economy etf, financial, gold, gold coin, gold investing, golden, invest, mutual funds, trading

We have a serious problem that I believe can only be solved by a resolve to redistribute wealth.

In this case, it’s a wealth of talent.

With dozens of NBA teams unable to afford access to quality offensive and defensive skills, teams are going without. And losing.

As a rich, powerful country, this strikes me as offensive and we simply must do something.

I recommend we socialize the talents of great basketball players, like Lebron James, by creating a progressive scoring system.

Here’s how this would work.

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Investing, Money, Online Investing AI, Success, US Economy basketball, financial, lebron james, Money, nba, satire, tax, taxation

The market runs on information. Whether you’re interested in trading on your own, but especially if you’re considering creating your automated trading systems, you’ll need access to financial data.

Thanks to the internet, there are a range of places to find data on traded instruments–everything from stocks to commodities, and everything in between.

A number of financial data sources require payments. Those payments can be pretty expensive. If you’re an individual, or a start-up algorithmic trading company, the fees to access financial data can be prohibitive.

If you need more robust data solutions, you can still find more affordable financial data services to suit your trading style–whether you just want to keep an eye on your own significant portfolio, or you want to start the next big hedge fund.

Here is a list of websites that provide free and affordable sources of financial data.

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Accelerating Technology, Automated Trading, Internet, Investing, Money, Online Investing AI financial, financial data, free data, Investing, Money, streams, technology, trading, wealth

Pic by walknboston @ Flickr

Answers don’t matter.

That seems to be heresy. But hear me out.

The fact is, unless you know the right questions to ask, answers don’t really help you. Knowing what’s wrong and then applying the right solution is the key to problem solving.

Personal finance is no difference.

In this edition, we”ll let some of the best and brightest minds of the blogosphere ask the most important questions.

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Internet, Investing, Money, Online Investing AI, US Economy answers, finances, financial, financial information, life, linking, Links, Money, personal finance, rich, round up, roundup, wealth, weekly wisdom

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 SAMAEL TRIP @ Flickr

You start out loving this whole personal finance thing.

You read the latest Dave Ramsey book. You even took notes!

You set a budget. And you monitor it.

You are frugal. You spend on only necessary things and shop for bargains.

You invest wisely.

But then you notice some changes. You’re not making progress on your goals. Are you a victim of financial burnout?

Like anything, too much of a good thing can lead to burnout. Here are five ways you can tell you’re suffering from financial burnout:

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Investing, Money, Online Investing AI, Success burnout, financial, financial success, personal finance, pitfalls, problem, problems

One day, your ability to generate wealth will be automatic and ever-present.

How can we make this assertion?

The exponential wave of technology, which is turning the globe into interconnected, untethered web of information, will eventually wash over the world of personal finance.

Those first waves have already lapped onto the shore. The tsunami, though, is building.

In this untethered world, the power of mobile financial apps are growing in power.

Here are some  great apps you can use to monitor the market and, in some cases, use to trade.

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Accelerating Technology, Automated Trading, Internet, Investing, Money, Online Investing AI apps, financial, management, mobile, Money, personal finance, tech, technology, wealth

Amazing photo by Zara @ Flickr

Despite the prodding of Tim Ferriss and Jonathan Fields, some folks don’t feel comfortable about quitting their day jobs, starting their own businesses, and traveling to Thailand to learn Thai stick fighting techniques.

We even talk about escaping the cubicle life.

That’s cool.

But the one thing that is true in the Wealth Singularity and the thing that drives us to create advanced Automated Trading technology is that lifestyle design is lifestyle design. You don’t have to shed your job. You don’t have to travel to exotic locales. You don’t have to become an Internet marketer.

You approach life on your terms and no one else’s.

If you’re ready to move toward lifestyle design, but aren’t prepared to dive in head-first, here’s a way to test your lifestyle design skills without a lot of risk.

I call it the 10 percent self-employment solution. Here’s how it works:

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Accelerating Technology, Online Investing AI employment, financial, Investing, job, jobless, Money, personal freedom, saving, unemployment, wealth singularity

cesarastudillo@Flickr

It’s a little early for Halloween, but Paul Farrell manages to scare up a spooky vision of an investing singularity at MarketWatch.

Farrell’s view of the Singularity is dead on: machines are getting smarter and they’re being used in investing. Although this isn’t something new, computers are much more powerful today thanks to the law of exponentially increasing returns.

For Farrell, this is a bad thing. A dire thing.

Farrell points out that HFT-Quants (High Frequency Traders who use Quantification techniques to trade) are using this incredible technology to snap up returns before anyone else gets a chance to take advantage.

This is leaving the retail trader, i.e. me and you, out of the market.

How accurate is this assessment? How scary is his conclusion?

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Accelerating Technology, Automated Trading, Investing, Money, Online Investing AI, Success, US Economy financial, quant, quant funds, singularity, stocks, wealth