Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
altcoinUK
on 29/01/2016, 00:10:44 UTC
Looks like MA has raised his trader account price from around $450/500 straight up to $750.
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.

Fred

Armstrong's business isn't a charity nor he is running a philanthropic organisation.
$750.00 is not even the margin for a 10 point DJIA trade. 1 point DJIA requires £70.00-£80.00 margin at my broker, so what possibly could be unreasonable in a $750 per annum investment service?
I am very-very far from the serious traders, even a light year further from the institutional investor client's of Armstrong, but my spread betting trades are often 200 points. What Armstrong charges is only 5% of what small retail traders like me deposit for the margin of one trade. For small retail traders like me his price is affordable and for serious traders his price is a peanut. His target audience is not the usual high school demographics of Bitcointalk. Some of his institutional clients manage a many billion dollars balance sheet portfolio. The $750.00 annual price is symbolic really in the market what he serves.