A wheely-good investment
Outsider is well aware of the adage that a monkey throwing darts can get better investment returns than the index. He is also aware of the octopus which correctly predicted the scores of the soccer World Cup.
However, he had not heard of the hamster which could pick cryptocurrencies better than human investors.
Mr. Goxx the hamster, named after the Bitcoin exchange Mt Gox, has apparently made investment returns of 20% since June, more than the FTSE 100.
Starting with running in his ‘intention wheel’ which selects which cryptocurrency he’d like to trade, Mr Goxx then runs through two tunnels, one marked ‘buy’ and one marked ‘sell’ to place his trade.
His owners say it started as a ‘light-hearted side project’ during lockdown and stressed that, although the hamster’s trades were posted on Twitter, it was not offering investment advice.
Outsider is well aware that the industry is trying to de-mystify the complexities of investment and make it easier for retail consumers to understand so maybe they should sign up Mr Goxx for their next campaign? After all, if a hamster can achieve those returns then surely Outsider must have a chance.
AUTHOR
The Outsider
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