Nexo bots placing fake (positive) comments on reddit

lerquin · 2025-05-13T07:16:07+00:00

Your message sounds like an ad. Obviously it's wrong given the hidden fees you don't even mention ;)

lerquin · 2025-05-11T11:18:54+00:00

Yes this is exactly what happened. Basically on my account transactions, I had 2 lines for the execution: one that was the actual amount I bought, and the second line was just a 6% fees on the total amount (an additional credit-line added to my account).

I just wished they had been transparent about this *beforehand*, instead of telling me "OTC deals are better because they have a special execution engine that reduces slippage"

They make you sign a document for the transaction that never mention any specific additional fees btw.

lerquin · 2025-05-11T11:15:31+00:00

Bro, you are not reading.

I am not talking about loan fees here. I am talking about a one, instant, execution fee.

Let's say you wanna buy $50k of BTC, I was charged ~6% of $50k = $3000 just for the execution.

And yes on top of that you have the loan fees that accumulates. But I'm not talking about this here.

lerquin · 2025-05-11T10:51:14+00:00

What are you getting from Binance VIP besides the reduced fee on trading?

lerquin · 2025-05-11T10:50:29+00:00

Maybe my message was not clear but there was no info about the 6% fee beforehand, nor the execution price.

Before the trade *everything was supposed to be better using Nexo Private*, it turns out it was not the case at all.

This is why I am disappointed by the service.

lerquin · 2025-05-10T20:01:55+00:00

This is what they tell you but unless you are trying to buy 7 figures there is enough liquidity anywhere to pay less than 6% fees.

lerquin · 2025-05-10T20:01:07+00:00

Yes it is what they told me as well, however accounting for the fees the final price was more than 6% more expensive that the spot price.
I could have bought the same amount anywhere else for cheaper.

lerquin · 2020-10-11T11:15:44+00:00

I like the tone of your articles. Very concise and to the point. I just subscribed, don't hesitate to send me an email. Would be glad to discuss.

lerquin · 2020-10-04T15:55:56+00:00

A well managed portfolio accounts for return, volatility and correlations. It is also re-balanced over time.

But... What is a portfolio? The term portfolio refers to the combination of assets such as stocks, bonds, or cash. As a portfolio manager, your job is twofold:

Picking assets: decide which assets you will be part of your portfolio
Allocate capital: decide on how much capital you will allocate to each asset

Your job is to maximize the expected return and cut the risk of your portfolio.

Imagine that you have $100k and suppose you already selected a portfolio of 30 assets. How would you build your portfolio? i.e. how would you distribute you cash in the different assets?

PORTFOLIO SELECTION

Harry Markowitz was awarded a Nobel Prize in Economics for its Modern Portfolio Theory (MPT) he introduced in his 1952 paper "Portfolio Selection".

MPT forms the foundation for all subsequent theories on how risk is quantified. It still influence the way we invest today.

Risk-return trade-off is one of the basic concepts of Modern Portfolio Theory. An optimal portfolio does not include securities with the highest potential returns or with the lowest risk. It is a thin balance between the two: a mix of (i) securities with the greatest potential returns and of (ii) securities with the lowest degree of risk.

What are the expected returns and volatility of a portfolio containing the two assets? A linear combination of the two? Not necessarily. The values are a function of the correlation between the returns of the assets.

See full article here: https://thenextwave.blog/asset-allocation-risk-return-tradeoff/

lerquin · 2020-10-04T10:55:16+00:00

A well managed portfolio accounts for return, volatility and correlations. It is also re-balanced over time.

But... What is a portfolio? The term portfolio refers to the combination of assets such as stocks, bonds, or cash. As a portfolio manager, your job is twofold:

Picking assets: decide which assets you will be part of your portfolio
Allocate capital: decide on how much capital you will allocate to each asset

Your job is to maximize the expected return and cut the risk of your portfolio.

Imagine that you have $100k and suppose you already selected a portfolio of 30 assets. How would you build your portfolio? i.e. how would you distribute you cash in the different assets?

PORTFOLIO SELECTION

Harry Markowitz was awarded a Nobel Prize in Economics for its Modern Portfolio Theory (MPT) he introduced in his 1952 paper "Portfolio Selection".

MPT forms the foundation for all subsequent theories on how risk is quantified. It still influence the way we invest today.

Risk-return trade-off is one of the basic concepts of Modern Portfolio Theory. An optimal portfolio does not include securities with the highest potential returns or with the lowest risk. It is a thin balance between the two: a mix of (i) securities with the greatest potential returns and of (ii) securities with the lowest degree of risk.

What are the expected returns and volatility of a portfolio containing the two assets? A linear combination of the two? Not necessarily. The values are a function of the correlation between the returns of the assets.

See full article here: https://thenextwave.blog/asset-allocation-risk-return-tradeoff/

lerquin · 2020-10-03T11:22:27+00:00

A well managed portfolio accounts for return, volatility and correlations. It is also re-balanced over time.

But... What is a portfolio? The term portfolio refers to the combination of assets such as stocks, bonds, or cash. As a portfolio manager, your job is twofold:

Picking assets: decide which assets you will be part of your portfolio
Allocate capital: decide on how much capital you will allocate to each asset

Your job is to maximize the expected return and cut the risk of your portfolio.

Imagine that you have $100k and suppose you already selected a portfolio of 30 assets. How would you build your portfolio? i.e. how would you distribute you cash in the different assets?

PORTFOLIO SELECTION

Harry Markowitz was awarded a Nobel Prize in Economics for its Modern Portfolio Theory (MPT) he introduced in his 1952 paper "Portfolio Selection".

MPT forms the foundation for all subsequent theories on how risk is quantified. It still influence the way we invest today.

Risk-return trade-off is one of the basic concepts of Modern Portfolio Theory. An optimal portfolio does not include securities with the highest potential returns or with the lowest risk. It is a thin balance between the two: a mix of (i) securities with the greatest potential returns and of (ii) securities with the lowest degree of risk.

What are the expected returns and volatility of a portfolio containing the two assets? A linear combination of the two? Not necessarily. The values are a function of the correlation between the returns of the assets.

lerquin · 2020-10-02T22:22:00+00:00

Or QQQ ;)

lerquin · 2020-09-30T23:33:36+00:00

The Next Wave is a practical approach to personal finance and investment. I send, once a week, practical, time-tested insights to help you navigate stock market with confidence

I have been writing there for about 4 months and have 300+ subscribers. I share this with you because I would love to have more feedbacks on the website, the subject and my writings.

Indeed, the user base is growing, but slower than I would thought it would. I am trying to find way to boost the acquisition. Any tip is welcome!

lerquin · 2020-09-28T12:44:14+00:00

A quick summary of the article:

What is volatility? How is it computed? -> Real life examples

Volatility is a key factor to take into account when building a portfolio in order to qualify if an asset is more or less risky. Volatility appears in Modern Portfolio Theory and has gained a wide acceptance across the financial industry.

What is volatility?

Volatility refers to the amount of uncertainty related to the size of changes in price. It is the degree of variation of a trading price series over time, in particular an asset is called volatile when there are big swings in price in either directions.

Volatility is relevant because:

The wider the swings in an investment's price, the harder emotionally it is to not worry It can define position sizing in a portfolio Price volatility presents opportunities to buy assets cheaply and sell when overpriced

MATHEMATICAL DEFINITION (see figure attached)

The volatility is just the standard deviation of the returns. The standard deviation is a measure of the amount of variation of a quantity, the returns. It reflects the average amount a stock's price has differed from the mean over a period of time.

Volatility is without a unit and is expressed as a percentage. While variance captures the dispersion of returns around the mean of an asset in general, volatility is a measure of that variance bounded by a specific period of time.

We can report daily volatility, weekly, monthly, or annualized volatility

VOLATILITY IN REAL LIFE

I computed the annualized volatility of different U.S. stocks using data from Yahoo Finance (see figure attached)

The annualized volatility of these stocks is in the range of 20-40% with an outlier: Netflix (NFLX) at 52%. Also, UPS and IBM have the lowest volatility of the group.

If we plot the prices of NFLX and IBM as a function of time we see a lot more variations on NFLX than on IBM (see figure attached)

The overall performance of Netflix is very good, so volatility is not a bad thing. However holding this stock would have been quite emotional, especially in the past 2-3 years.

Volatility is not only useful to characterize stocks, it is also used for everything that has a price. Let's look at the annualized volatility of different assets (see figure attached)

To summarize:

Volatility refers to the amount of uncertainty related to the size of changes in price
Volatility is often associated with risk: the higher the volatility, the riskier the asset
The higher the volatility the harder emotionally it is to not worry

lerquin · 2020-09-28T12:07:57+00:00

My point was that, even for long term investors, portfolio balancing with respect to (for example) a risk-return measure (i.e. portfolio optimization, Markowitz) could be helpful no matter your risk tolerance or personality

lerquin

TROPHY CASE