Bitcoin Forum

Mutual Wealth, a growing investment firm with over $130 million under management introduces BitCoin denominated investment portfolios.

Portfolios trade US equities on US equities markets such as NYSE and NASDAQ.  To earn profit, we utilize the so called HFT technology, which recently became very popular
among small and medium hedge funds and investment firms. With HFT, equities (stocks) are bought and sold many times during the trading day.  Sophisticated computer software
monitors market trends and makes decisions to purchase or sell equities that form the portfolios.  All holdings are sold by the end of the trading day.  This assures minimal
exposure to risk and this is the reason our portfolios cannot generate a loss for our clients.

See details on http://www.mutualwealth.com

You've found the Holy Grail. Well done and bye bye.

Seems legit. Cue the 'shut up and take my money' posts, please.

http://www.mutualwealth.com/mw/servlet/template/Wizards%2CIncomeEstimator.page/action/IncomeEstimator

HAHA, so your going to multiply my money 2.5 times in a period of a year?  Good luck with that.

If anyone wants to try, please use my referral number
20450188
make lots of money!

100% a Ponzi Scheme.

Their contact address is:
Wheelock House, 20 Pedder Street Central, Hong Kong

You can rent a virtual office with receptionist on the end of a phone in this same building:
http://www.executivecentre.com.hk/location/hk_central_wheelock_house-hong_kong (http://www.executivecentre.com.hk/location/hk_central_wheelock_house-hong_kong)

There is no way you will get 250% returns a year from any legitimate hedge fund on the plannet.
15% would be an exceptional annual return from a fund of their size.

HYIP scam, be careful..

I hope Vanguard or another serious company offers passive investing with Bitcoins :)

can u send me a sample unit?

 ::)

$130 million assets under management seems really small for a firm involved in HFT, not to mention any of the other glaring red flags.

Normally load management and order execution time by the exchange is the biggest hurdle to HFT for BTC. The NYSE and NASDAQ may be able to handle millisecond buy/sells for  or thousands / millions of orders per second, but these exchanges cannot.

Since Gox is not broken from millions of quotes per second, I can only assume they are not live yet.

It's funny, for dollar dominated accounts you can deposit bitcoins and they will credit you in dollars at the current rate. Then they would supposedly use those funds to trade on the Dow and NASDAQ, they even list the stocks they are trading. However, when you deposit bitcoins into a bitcoin denominated account... who knows what they do!

I guess they are hoping people will plug values into their calculators, get excited and deposit.

It amazes me that this kind of thing works.  I would believe that any rational person would see gains of that magnitude in WEEKS and laugh their asses off knowing it is a falacy.  Perhaps in bitcoinland though people have gotten accustomed to huge gains and instead believe it?  IDK the human rationale is amazing sometimes.

I would say just stay away, because it is impossible to generate very high roi in low time. Just better stay away.

More likely at work is the desire of most people to achieve without having to confront themselves, their problems, or the various cruelties of interacting with reality. Profit without having to understand? Success without having been an admitted idiot? Bitcoin or not, it's the ideal for the vain masses. The sense of novelty they find in Bitcoin may simply make for easier drug delivery.

Anyway, healthy reactions in here.