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Pastimes : Strictly Off Topic
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To: Patrick Slevin who wrote (339)1/13/1999 9:43:00 PM
From: set  Read Replies (1) of 548
 
I had something fairly elaborate in mind which might address
some of those concerns.

Say each trader contributed $X. The organization would run
an ongoing paper trading competition, and each month the
winner would be responsible for trading some portion of the
total for the following month. Most of the money, however,
would be in fixed income of some kind. Each quarter the
participants would vote on a charity to contribute to.
If things seem to be going well, then maybe more money can
be position traded as well.

If the required contribution to trade is high enough, and
the game sufficiently competative, the money should end
up in good hands more often than not.

I recognize that each person has his own way of giving,
but maybe the whole will end up being bigger than the
parts.

I have noticed something odd in my trading which gave
me the idea. I trade better when I'm managing money
for someone else. It's like I care more about their
money than I do about my own. (no. not It's Like. It Is.)

Your mention of what you've done for your sister, and an
earlier comment about your son ending up wealthier than
you suggests I may not be alone in this.

ah - it's a lousy idea.
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