ARE THERE INVESTMENT FIRMS WHERE YOU CAN DEPOSIT MONEY AND THEY DAYTRADE FOR YOU?

I know exclusive investment groups only traffic with their own money, as well as sidestep supports have been for people with poignant net worth. I’m perplexing to find out if there have been firms which do daytrading with client’s collateral as well as they take the cut of the profits.

{ 2 comments… read them below or add one }

Ryan M August 9, 2010 at 7:06 pm

Yikes!! Just the thought of such a thing is scary. I used to work for a day trading firm back in the 90’s and that would just lead to MASSIVE lawsuits of people crying that their money was mismanaged. Less than 1% of ALL day traders actually make money. You’d you trust your future to the HOPE that your broker is one of the few 1%???? I would rather invest in the Lotto! the Lotto has made MANY more millionaires than day trading EVER has……..actually not even close.

The Old Guy August 9, 2010 at 7:12 pm

In the United States, no reputable firm would consider doing such a practice. Not only is this illegal but it present a major exposure problem both for th depositor and the firm.
Firm’s are prohibied from sharing profits with their clients.

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