I’ve got a fun one for you today: a German hamster is trading cryptocurrencies. And he’s blowing away the S&P 500:
The livestreamed hamster, named Mr. Goxx, has been independently trading a portfolio of various cryptocurrencies since June 12, and so far its* performance has been impressive. As of Friday, the portfolio was up nearly 24%, according to the @mrgoxx twitter feed that documents daily performance, along with every trade made by the hamster. Mr. Goxx’s performance outpaces bitcoin and the S&P 500 over the same time period.
Here’s a short video of this financial titan at Goxx Capital headquarters:
First, Goxx runs on the “intention wheel” to pick which one of about 30 cryptocurrencies to trade. Once the crypto is chosen, the hamster runs through one of two “decision tunnels” that trigger either a buy or sell trade of the chosen cryptocurrency.
As someone who invests for a living, I’m okay with being outperformed by a rodent. He earned it, and he’s also much cuter.
Whimsical as this example is, we attribute skill to fund managers who have a good run, only to forget them when they underperform. Bill Miller of Legg Mason was lionized for beating the S&P 500 15 years in a row. Shortly thereafter, his fund lost two thirds of its value in the financial crisis and he was out of a job.
I, for one, will be a supporter of Mr. Goxx even if his hot streak runs out.
Note: I object to the term “it” for this adorable little man!
More on markets:
If you found this post interesting, please share it on Twitter/Reddit/etc. using the buttons at the bottom of the page. This helps more people find the blog!
Save Money on Stuff I Use:
You already shop on Amazon. Why not save $100?
If you’re approved for this card, you get a $100 Amazon gift card. You also get up to 5% back on Amazon and Whole Foods purchases, 2% on restaurants/gas stations/cell phone bills, and 1% everywhere else.
Best of all: No fee!
This platform lets me diversify my real estate investments so I’m not too exposed to any one market. I’ve invested since 2018 and returns have been good so far. More on Fundrise in this post.
If you decide to invest in Fundrise, you can use this link to get your management fees waived for 90 days. With their 1% management fee, this could save you $250 on a $100,000 account.
The only place I buy vitamins and supplements. I recently placed an order and received it in less than 48 hours with free shipping! I compared the prices and they were lower than Amazon. I also love how they test a lot of the vitamins so that you know you’re getting what the label says. This isn’t always the case with supplements.
Use this link to save 5%!
My wife and I have gotten organic produce shipped to our house by Misfits for over a year. It’s never once disappointed me. Every fruit and vegetable is super fresh and packed with flavor. I thought radishes were cold, tasteless little lumps at salad bars until I tried theirs! They’re peppery, colorful and crunchy! I wrote a detailed review of Misfits here.