Forum Post: non-profit trading firm

Look guys I don't know if this idea was brought up before but here's what you could do: if you believe that wall street firms make too much profits, gather some capital and create your own not-for-profit trading firm. This way you will eliminate the profits for other players in the market by offering services assets and the rock bottom price, or see if it can be done. So this firm would basically gradually accumulate capital and provide better deals in all asset classes, thus eliminating profits for profit-based traders, or keeping profits to what you think is reasonable. You might have to pay for top talent still though.. Might be hard to hire the equivalent of a top NBA player for cheap, but might get lucky with the whole non-profit motivation. Or in the process you might just realize why it cannot be done and why exactly Wall Street makes as much money as they do.

Or, if indeed there is so much money easily to be made, keep the profits and donate to "good" causes, such as creating jobs or whatever it might be.