LGST101: Since he was young, Bobby Baxelrod has had a fascination with money. This was unsurprising since his father: Business Law Assignment, SMU

Since he was young, Bobby Baxelrod has had a fascination with money. This was unsurprising since his father was a banker. Bobby spent his time thinking about new and innovative ways to earn money. In particular, he developed an interest in trading stocks when he was serving National Service (“NS”) and would always read up extensively about the latest stocks to invest in, as well as various investment and trading techniques.

He invested 50% of his monthly NS allowance and grew his portfolio to include stocks, bonds, cryptocurrencies, and NFTs. Very soon, from a paltry sum of $10,000 comprising his savings while in school and from his NS allowance, Bob eventually grew his wealth 10 times and made his first $100,000 by the end of NS.

Bobby decided to pursue a double major in finance and economic theory at the School of Banking (“SOB”). Bobby hoped that a business and economic background would put him in good stead to work for some of the biggest hedge funds in the country. Meanwhile, he continued to hone his trading skills and grow his capital.

However, given his busy university schedule and having to study for multiple classes and take 8 modules in a semester, Bobby couldn’t find the time to monitor his stocks, especially those in the US Markets. Just as he was about to give up, he had an idea: an automatic trading algorithm program. Of course! If Bob couldn’t monitor his stocks actively, why not build a computer program to automate his trading activities instead?

Bobby, of course, was not simply content with a mere computer program. Being an extremely lazy person, he wanted a machine that he could turn on, and press the start button which would activate the trading program, thus generating profits for him with a single click of the mouse. Bobby has read up extensively on the new computer chips made by Tongo Semi-Conductors (“TSM”) which boast superior computing power and are suitable for executing lightning-fast trades.

Bobby, however, does not know how to code. Nor does he know how to build his own computer – in fact, he is probably better at breaking things than building them. Bobby’s true talent lies in getting other people to do the work for him. So Bobby went onto the ASK.

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