Quote from: sp564 on January 20, 2018, 08:40:56 AM

Quote from: stunningpeggy on January 20, 2018, 03:12:24 AM

Guys, a lot of us make money on trading and sometimes there's an excess that you don't need. Do you think it's a good idea to donate part of the profits to charity? Whom would you suggest helping first?

If you are serious about charity, check out this organization:

https://www.effectivealtruism.org

They are a group originally out of Oxford that have sat down and calculated the most effective way to spend money in order to improve quality and length of lives.

As to the question of whether you should, I think there is a strong argument for saying yes, up to a point. Other people, who out of no fault of their own are born into abject poverty rather than a crypto-lined spoon, are suffering horribly, and all it takes to help them is a small percentage of the free money that many of us are making. So yes, I think you should, at least as much as you can afford without seriously hindering your own life and goals, and I do so myself.

Thank you for the link! And thank you guys for expressing your position on donating to charity. I think I will start with local community and try and help people directly with no middle men. That way I will be sure that my donation goes the right way. I will look more into reputable charity organizations to maybe make donations through them to help people I can't help all by myself.