Patenting ETF Idea/Strategy

[CT10Gov]

At $50MM and assuming a fee load of 1%, this ETF would only generate $500k in fees; That needs to be split with distributors (can be as high as 50%). Then, there are legal and administration expenses.

Given the economics, who would want to buy this 'idea' off of you? It doesn't make anyone any money.

Quote from jtrader99:

I was worried the market was too small but total size of the market is about 300mm so the etf could come in and buy 50-100mm. There are many ETFs of that size currently so I'm not so worried about it being too small.

 

[marketsurfer]

Quote from jtrader99:

My idea is not an index, nor some BS technical trading indicator. So a lot of what has been said isn't relevant, although I appreciate all the help and insight. I'm thinking all I would need to do is give the HF's a small taste of what my idea is then if they are interested ask them to sign some sort of a Non Disclosure and give them the full proposal which I don't see how they could say no to at this point(although I could be biased). It blows my mind that no one has created this ETF yet and the idea is so front runnable it's not even funny. I was worried the market was too small but total size of the market is about 300mm so the etf could come in and buy 50-100mm. There are many ETFs of that size currently so I'm not so worried about it being too small.

I'm unemployed, not trading right now, and on a very tight budget so I'm not looking to spend a bunch on a lawyer. I am asking around and maybe(hopefully) I can find a lawyer who can just give me some confidential legal advice for a small sum on how to go about this and write up a non-disclosure.

Any one know any patent lawyers in the Chicago area who work on the cheap?

You want to partner with a lawyer in exchange for his services-- in other words p, he gets paid on the back end much more than he would have recd hourly-- many lawyers would do this if you can sell them on the idea. Don't ever pay upfront, if you can't afford it, split your profits with someone is much smarter plus you will have a partner for future issues/ problems. Good luck, sounds like an exciting idea! Surf. On ipad, sorry for mistakes.

Ps. I'll be happy to make a few calls for you if I think the idea makes sense. I know some folks in that space.