Download - All you need is IMP
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All you need is IMP
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Meet John*
John is a hard-working guy with a handle on his finances.
John has some extra capital, and wants to invest
What are John’s options?
*He knows what you did last IMP
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Advantages Disadvantages
Safe: mutual or index funds are among the safest investments that John could make
Hands-off: John doesn’t touch the money once the fund has it.
SLOOOOW: fairly low rate of return that often hardly beats the general market trend
Fund managers take a cut, and this comes out of John’s profit (or pocket if the fund doesn’t make enough money)
Penalties for liquidating Nearly IMPossible to
control where his money is invested
Mutual/Index Fund
Crispety Crunchety Peanut-Buttery IMP
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Advantages Disadvantages
Relatively safe, and John’s portfolio might be able to beat the returns of slow-but-safe funds.
Easy: John pays his broker to worry about his investments, although John has IMProved control over his portfolio, more than with a fund.
John doesn’t have much direct control of his portfolio.
Professional brokers make their money from somewhere: John’s profit and pocket.
Professional BrokerYo quiero IMP
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Advantages Disadvantages
Relatively cheap: small commissions are paid on each trade, and a minimum portfolio value may be required
Control: Nobody is telling John where he should invest his money
No one is telling John where he should invest his money!
John is almost as likely to lose money as he is to make money, and it’s not probably that he’ll consistently beat the market average
Relatively small errors in prediction can have a large negative IMPact on his finances
Online Brokerage (E*TRADE)
In IMP we trust
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Advantages Disadvantages
Relatively cheap: small commissions are paid on each trade, and a minimum portfolio value may be required
Control: Nobody is telling John where he should invest his money
No one is telling John where he should invest his money!
If John is only as good at picking stocks as the average investor, he will only make money if the market improves, he won’t be beating other investors.
Relatively small errors in prediction can have a large negative IMPact on his finances
Online Brokerage (E*TRADE)
In IMP we trust
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John has problems
John’s options Pay a fund manager or broker to take control of his
money away Make mostly arbitrary stock picks, and sink any
money he might make into trade fees with an online brokerage
These options aren’t that goodWhat can John do?
Did somebody say IMP?
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GOT IMP?
IMP: IMP for Market Prediction
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IMP? Yes, please!
IMP enables John to use his knowledge of economics and investments to his advantage, while not relying on fallible hunches
IMP allows the average investor access to deeper analyses of stock data than the stock page in the newspaper. P/E ratios don’t cut it when John can use Markov Chaining and Bayesian Inference
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Customization: There’s no wrong way to IMP
John can write his own methods for combining commonly known algorithms for market prediction, giving John unique predictions for the market
John can even write his own algorithms if he feels ambitious or inspired enough, and IMP will integrate and test the performance of his algorithm.
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As easy as IMP
John is probably not going to want to start off with something as advanced as writing new prediction algorithms, so IMP will make it easy to jump right into investing
IMP comes preloaded with a number of algorithms that John can graphically compare using real-time data for whichever stock he’d like.
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Bigger - Better - IMP
IMP enables the average investor to get an edge over the next guy, and encourages good research and creativity, rather than lucky guesses.
IMP takes the power away from the investment elite and puts it in YOUR hands.
IMP is right for anyone thinking about their financial future.
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IMPortant Features
Easy to read GUISmart default optionsAdvanced options
For experienced usersStock scraper
Stores stock info from the webWatched stock list
Specified by the user
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More IMP Please
Ability to graph market trend dataVariety of built-in algorithms
Moving average Deviation Regression
DAEMON toolkit Provides ability for user-created algorithms Potential to share with online community
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CHANGING AT THE SPEED OF INFORMATION
COMING IN 2012
IMP 2.0 and Jabberwocky
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IMProvements
Algorithm Support Service Subscription based service Provide new algorithms Provide support
Alert interfacing Interface with email, instant messaging, etc.
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Jabberwocky: Feed the IMP
IMP’s partnered online brokerageInterface with Jabberwocky will be integrated
into IMPAllows users to make different kinds of smart
trades i.e. bulk trades
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Group dynamics: Who’s IMP is it Anyway?
No group leader More a self-organizing team
Members with skills appropriate to current iteration would step up and take lead Programming, UML, documentation, etc
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What Worked: IMPossible? I Think Not
GUI turned out intuitive and user-friendly
DAEMON algorithm creation tool kit was successful
Basic built-in algorithms were created Moving average Regression
Team cooperation and organization
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What Didn’t Work: Who Let the IMP Out?
Advanced algorithms packaged with IMP
A few of the packaged algorithms were not created Exponential smoothing Markov chain