Quote from: Goomboo on August 02, 2013, 05:11:36 PM

Quote from: kirkhilles on August 02, 2013, 03:24:07 PM

Quote from: damnek on August 02, 2013, 03:12:57 PM

Quote from: Goomboo on January 21, 2012, 05:48:24 AM

I will say though that if you are looking for something to invest in, I highly, highly recommend Currensee. I highly encourage you to look into it. Basically you allow professional traders to manage your money and the ONLY way they get compensated is if you make money.

http://www.currensee.com/

Goomboo,

Thanks for all the useful advice in this thread.
Since I have some money to invest, I did some investigation into Currensee. I found some reviews that were a bit shocking: http://www.forexpeacearmy.com/public/review/www.Currensee.com
Can you perhaps talk a bit about your experience with Currensee? Are you an investor or a trade leader? Thanks for your answer.

I can't speak for Currensee nor for Goomboo, but I would doubt there are ANY legitimate companies out there where you can give them money and not get ripped off. This is true from the false claims (gotta love that ad I see for some guy claiming 99% "Profitable" returns) all the way up to major Mutual Fund providers that can't even keep up with the major indexes. Companies that do make legitimate profit will continue to increase/structure fees so that you get less and less. I believe that this is one reason why Goomboo started the thread, showing tests that you can run yourself and design your own system.

PS - Anyone have any comments on my questions above? I'm very eager to hear responses.

You don't actually give Currensee your money - you just open a brokerage account and sign a limited power of attorney document allowing people who you select to trade your funds. Also, the returns and fees are real.

But in general, you're right - most are better off parking their funds in an index fund with a low expense ratio and looking at it in 30 years. But just like most complex things in life: "it depends".

But reading the reviews from the link above seems to indicate that the returns are not "real", but instead are manipulated after the fact.