4. Algorithms – an algorithm is basically a set of rules or a formula telling a computer when to buy and sell stocks or other financial instruments, in order to generate a profit over time.
Even if you are not a statistics wiz, you can make money off an algorithm.
You would need to pay someone who understands quantitative finance (“a quant”) to design the algorithm. You then take that algorithm and monetize it.
You could either trade directly with it, or license it to other investors through a website that lets you share in investors’ profits.