go to kaChing.com if you haven't heard about it
they just released a new feature called Pick A Genius

Quote :

"Investment web site KaChing opened its doors last year, allowing users to track the mutual fund trades of "genius" traders. Now the site's gone one step further, and users can now automatically mirror investments of genius traders with real money. Let's say you're not an investment whiz but you'd love to let some cash ride on the market and see if you can grow your portfolio. With KaChing's new feature, you can browse through their various genius investors, find someone whose history and portfolio performance you're impressed with, and then sign up with the service's "Invest like a Genius" feature. So what qualifies someone as a genius? On kaChing, a Genius is an investor who, not surprisingly, earned an Investing IQ greater than 140, built a track record over more than a year and agreed to live by the same personal trading restrictions as a classic mutual fund manager. Investing IQ is the first objective metric to evaluate whether an investor is lucky or good. There is, naturally, a catch: Geniuses on KaChing set their own management fee, so it's not like you get to reap the benefits of their investing know-how without paying at least a little for it. Still, it's an interesting idea, and while a down economy may not be the most likely time you'd jump head first into a venture like this, it could be worth a try.."

1) Does anybody have any experience with it?
2) If you don't, what do you think about it? Good? Bad? Less risky? Extra risky?

10/20/2009 2:53:07 PM

sounds illegal

10/20/2009 3:48:36 PM

^ kaChing is registered as an SEC approved financial advisory firm. It's as legit as anyone else out there.

I've been looking at kaChing for the past few weeks. Their top investors are very successful, but for the most part their track record is all based on pretend investing. Like playing poker with Monopoly money, that's bound to influence their decision making. However, unlike a traditional mutual funds, you can see everything that the manager does and why they did it. Also, the management fees are low.

10/20/2009 4:24:14 PM

been reading some of their 'genius' posts on stocks recently. Interesting info and ideas.

10/21/2009 7:40:31 AM