1076
Using AI for trading (media.piefed.world)
submitted 11 months ago by to c/memes@lemmy.world
128 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 11 months ago (2 children)

Sorry I dropped a decimal. 33.3*30

Your 401k isn't $33 million a day. It's the funds behind it that are trading daily.

.001% of $33M from the Vanguard Index means you lose .001% of the $50k in your 401k which holds Vanguard.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 11 months ago (1 child)

    It’s the funds behind it that are trading daily.

    $33M/day is an enormous churn, even for a big pension fund. Again, I'd like to see where you're finding these numbers. The NYSE trades $18.9B/day across a pool of $52T in asset value. By proportion, you're talking about a fund with a $90B market cap showing that kind of activity.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •