Technology invariably drifts from the few to the many and from exclusive to inclusive.
For most independent trading strategy developers, the ability to create and trade in a real Quant atmosphere is beyond their technological and financial capacity. Plus, maintaining the infrastructure needed to run a Quant fund is too expensive for an independent Quant. Finding an investor or investors is another hassle.
That’s a lot of brainpower that’s being forced to the sidelines.
AlgoDeal is a startup that is promising to change all that. In a revolutionary business model AlgoDeal gives developers (or Quants) the technical environment to trade with the big boys. And it also gives them the financial opportunity to profit from their successful quant strategies.
How does it work?
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Automated Trading, Internet, Investing, Money, Online Investing AI
algodeal, algorithm, quant, quant trading, quants, trading, wealth singularity
jurvetson @ Flickr
As someone who is interested in artificial intelligence, especially how AI will work in a financial environment, there’s a lot of information out there.
And that information doesn’t always agree. In fact, there’s a chasm of difference between the camps of AI advocates and critics. There’s also a difference in opinions about the potential for AI to change things–or mess things up, depending on that outlook.
That’ what makes an article in H+ Magazine so interesting. The article, based on Eric Drexler’s Engines of Creation, just looks at the effect a little AI will have on the world when mixed with nanotechnology. We’re not even talking about massive AI here.
The effects on the economy would be startling.
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Accelerating Technology, Money, Online Investing AI, US Economy
AI, artificial intelligence, eric drexler, h-plus magazine, new tech, online investing, singularity, technology, wealth singularity
Pic by the Alieness GiselaGiardino @ Flickr
Artificial Intelligence, or machine learning, or simply AI, drives more and more financial systems. The big boys –from hedge funds to mutual funds, and everyone in between–use AI.
The types of AI that serve as the foundation of these financial application are wide ranging is size and scope. The programming varies, too. Genetic programming, neural networks, and a host of other applications are used as underpinnings for the strategies and algorithms.
Since most independent traders don’t get a chance to invest in hedge funds, Online Investing AI, we want to create trading systems and strategies for independent traders and investors that are based on the performance of the best AI technology.
It’s a pretty audacious task. That’s why we need you.
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Accelerating Technology, Automated Trading, Internet, Investing, Online Investing AI, Success
AI, artificial intelligence, entrepreneur, partner, partnership, singularity, wealth singularity
Technology will touch everything. And it will change everything. Personal finance is no exception.
Your 401(k) plan isn’t immune from the reach of technology, either. Companies probably thought they could offer their plans and it would be a secret between the company and the employee.
Most 401k plan participants can easily find out what kind of fees that plan charges, or even what types of investments their plan holds.
But a new technology is changing that.
BrightScope quantitatively ranks 401(k) plans–and participants, advisors, and companies all could be better for it.
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Online Investing AI
401k, algorithm, brightscope, plan, retirement, technology, the wealth singularity, wealth singularity
Blogmama @ FlickrMy friend wants to work from home.
With high-speed internet, Skype, and a global economy, the possibility is there. But, after nearly a few thousands dollars in tools, tapes, training, and a long list of fake jobs, she still works a 9 to 5.
Are there legitimate work-from-home jobs out there?
Actually, there are legitimate organizations that offer work-from-home opportunities. The trick is to screen the job announcements for real work-from-home jobs.
Here are a few ways you can tell if a work-from-home offer is legitimate:
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Business Strategy, Dreams Come True, Internet, Money, Online Investing AI, Success
career, freedom, jobs, opportunity, wealth singularity, work from home
Pic by Jeff Belmonte @ Flickr
The Wealth Singularity is a point when the power of technology has become so massive that wealth and abundance becomes ubiquitous.
The theory is based on the works of leading futurists like Ray Kurzweil and Vernor Vinge, who believe that the exponential growth in computing power will lead to a Singularity. Technology, whether it’s the wheel or the personal computer, also leads to a leap in productivity and the ability to generate wealth.
That Singularity may be closer than you think.
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Accelerating Technology, Investing, Money, Online Investing AI
ebook, Money, rich, technology, wealth, wealth singularity
Mondays stink.
Unless, of course, you develop residual streams of income. Then, Monday is just another day to earn money.
Residual income is derived from products and services that you work on once and they continue to generate income–perpetually. The internet has opened up more residual income streams than ever. Before, rent and royalties were about the only types of residual income stream available to the common person.
New residual income products and services include:
- eBooks
- Affiliate sales
- Blogs
- Web advertising
- Contextual ads
- Invention royalties
- Video and podcasting seminars
And there are a lot more. To learn more, you can check out the following sites, all of which specialize–in one form or another–in the creation of residual income.
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Business Strategy, Internet, Money, Online Investing AI, Success
blogs, ebooks, freedom, job, monday, Money, personal finance, personal financial freedom, residual income, royalties, wealth singularity, work
Carol Gonzolez @ Flickr
The future demands more of us than our institutions have prepared us for.
Our learning institutions are designed to make us productive members of society. Heavy emphasis on “productive.” In fact, schools are built around the idea that we will be wage earners.
Teaching rote memory and learning to color within the lines and think inside the box are more valued in a factory setting where the guy or gal on top is the Queen bee wealth creator; everyone else is just a worker bee.
But, now, the hive has changed. You have more computing and communication power in your iPhone than US Steel did in its entire corporate structure. There’s no reason you should stay a wage-earning drone when you can become a wealth-creating owner.
Here are some new ways you can create wealth.
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Accelerating Technology, Automated Trading, Business Strategy, Internet, Money, Online Investing AI, US Economy
alchemy, future, information, information economy, Money, new wealth, value, wealth, wealth creation, wealth singularity
J @ Flickr
One of the themes of the Wealth Singularity is that wealth will no longer be earned. It will be created.
In other words, manufacturing and maintenance jobs won’t be the easiest ways to financial security (if they ever were). Real wealth will be generated by artists, inventors, and investors. This isn’t a new concept. Daniel Pink talks about it in his book A Whole New Mind
. Ray Kurzweil alludes to the same thing in his book, The Singularity Is Near
.
If you’re creative and are interested in inventing–an endeavor that we consider one of the paths to the Wealth Singularity–you have a lot of options. Unfortunately, the web has let in a lot of scam artists, who take would-be-inventors’ money and provide worthless patents and products.
Here are some of the most trustworthy resources on the web if you’re ready to stop being an idea person and start being an inventor.
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Accelerating Technology, Dreams Come True, Internet, Online Investing AI, Success
books, edison nation, idea, incubate, inventions, inventors, startup nation, wealth singularity, web sites
Goddard photo stream @ Flickr
Futurists speculate that a Singularity is coming. The Singularity is a time of technological supremacy.
Several authors have discussed the Singularity, or versions. People like Ray Kurzweil and Frank Tipler are among the advocates–almost apostles–of this event. It’s also the subject of numerous Sci-Fi books and movies.
Those who believe the Singularity will be beneficial say that we can expect to live longer and become richer. Once technology reaches a certain stage, the age of scarcity will give way to the age of abundance.
We’ve dubbed this, the Wealth Singularity. There are different estimates of when this will happen, but it may be only a few decades away. Whenever it happens, the truth is you can already enjoy some of the benefits of the Wealth Singularity and you can start to prepare for it now.
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Online Investing AI
affiliate sales, blogging, ebook, future, Investing, Money, pioneers, wealth singularity
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
