Invest Into Real Estate Market with Smart Tips

Prabhadevi In Mumbai

Prabhadevi is one of the exotic locations in Mumbai. It is small fashionable Southern vicinity in Mumbai, which connects the Arabian Sea in the West, Shivaji Park Residential Zone in the North and Worli in South. It is linked up nearing to markets, schools, railway station, bus stand and showrooms. A leading signpost is Lord

A Lot of Night Life To See And More

Things to Consider before Investing in the Real Estate Market

# Check your budget

First thing to consider is to understand if you can really afford this investment of property deals in Mumbai. Investing into Mumbai real estate is a costly option for which you have to estimate your budget. Obviously, you can seek loan for investment yet you will have to really think if you can repay the loan on time. Remember, it is a big obligation and so you have to decide on properly before laying your hands at it.

# Make a complete study on the property

Although Prabhadevi is a good choice to invest, yet you should make a complete study about the investment. This goes well for every property you purchase. Prabhadevi real estate guide will help you to know about.

  • Prices of the homes
  • Condition of the property
  • Neighborhood
  • Tax Laws
  • Real Estate Opportunities,etc.

Being aware of all the issues, your investment will not turn out to be flop. The more information you can gather, the better your real estate investments will be.

# Begin with small investment for low risk

Do you want to invest big to sell and purchase properties quickly? If yes, then ward off your idea simply. This is not at all right when investing into the real estate market. If you look at the successful investors, they start with small investment. Afterwards they sell suchproperties at profitable rates after living for some time and then renovating the property. Therefore, you can follow the same path. The other alternative is purchasing one of the luxury apartments Prabhadevihaving tenants and rent further. These low-risk investments might not seem to you exciting,but can be the way to acquiring wealth. Additionally, low-risk investments will have no fear of landing you into debt.

# Make your investment a business

Complete by formulating a business plan. Successful investors in their life have run investments as a business. They formulate a proper plan to assist them in the process. Even they establish goals for businesses than simply making money from the properties. More professionalism you maintain, the possibility to get success from your investment will be higher.

# Consult a real estate company

Another consideration point is looking for a reputable real estate company. While selecting a company, check for its goodwill in the market and knowledge about the property you want to purchase. For example: if you desire to buy a 2/3 BHK Prabhadevi location then you should make sure they give you complete details about it. A good real estate company as can help you in the process in every way.

 

 

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How to Begin Investing as a College Student

College Students And Investing

You might think that your college budget doesn’t allow for a variety of things, such as making investments. It’s going to be tricky, but your student years are one of the best times to start investing. After all, you’re on a learning curve and not afraid of making mistakes.

Unfortunately, there are no college courses on how to build your wealth. You’ll be pleased to know, however, that it’s not going to require thousands of dollars in capital to start your investment journey. You do need to know how to do it, and how to do it best. Below is an introduction to some of the most popular options for college investors and the best ways to get you started.

5 Main Ways to Invest Money

  1. Cash in the bank is considered to be one of the safest options, but it’s not a great investment. Interest rates paid by banks tend to be lower than inflation. Certainly don’t leave your hard-earned money under the mattress because if you’re burgled, you’ve lost the lot.
  2. For most people, property is the single best investment. It’s one you can start as soon as your income allows, simply by buying your own home. Once you’ve got your foot on the property ladder, you can climb your way up.
  3. Antiques, art, wines, and collectibles can be a very interesting way to invest. Collectibles are often cheap, making them an affordable form of investment. However, it’s not the easy path to riches you might think. You need to be an expert in the things you collect to avoid being taken for a ride.
  4. Equities can provide the beginner with the opportunity to make sizeable profits. They are a stake in a company, with shareholders often getting paid a dividend. Shares, stocks, and equities provide good growth potential. Equities allow you to invest smaller amounts, while also being cheaper to hold.
  5. Bonds are the fifth option. They have a guaranteed interest rate and a date on which they’ll be redeemed. Bonds issued by governments are considered safer than company bonds.

Tips for College Students Who Want to Invest

If you want to invest in any of the options mentioned above, you should learn as much as you can. It’s possible to gain enough knowledge by reading books and articles online, and the information you gain will help you become a successful investor.

Any debts you have need to be paid off before making any kind of investment. Finding out how to refinance student loans will help you to repay these quicker. Making risky investments while you’ve still got high-interest loans to repay will only make your financial situation worse.

Making investments will require a brokerage account, so you need to find a reputable brokerage firm to handle your investment transactions.

A sensible thing to do when making investments is to diversify your portfolio. Don’t invest all your funds in one single company. Instead, put invest in various industries and investment types.

Investing is not only for rich people. You can make money, even if you’ve only have a small amount to invest. Practice makes perfect, and before you know it, you’ll be making more money. Start small, and any money you make can be used for further investments, and increase your learning.

 

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6 Tips for Business Success

Marketing is an Investment

  • In order for your business venture to thrive, people need to know about it. Marketing is an essential component of business success. If you do not put in the time and resources that are required for marketing, it will be difficult for you to sustain a business.
  • Online resources are available for everyone to cost effectively market their businesses. Although there are numerous opportunities to market your business for free online, you still need to consider investing money through other affordable options to accommodate your growing business needs.
  • With gradual business growth, you will have access to more funding that you can use to market your business effectively. Businesses that are successful invest significantly in marketing.

Create a Marketing Plan

  • Business and marketing plans are equally important. Your business cannot go far without consumers who buy your products or use your services.
  • When you market your business effectively you attract more prospects and customers. This enables you to make sales and profits that are necessary for you to cover your costs. Marketing plans require research and compel you to come up with business strategies that are aimed at growth and development.
  • Your marketing plan is a vital reference point that you can use to guide your marketing efforts. There should always be some time set aside each day for marketing.

Market Consistently

The business word is competitive and staying ahead involves constantly spreading awareness about the products and services you offer. Business owners who make an effort to market consistently are able to generate new opportunities and gain prospective customers.

Create a Niche

A niche market will enable you to focus and prevent you from doing too many things at the same time. The advantage of focusing on a single niche is that it allows you to use your skills accordingly and work more efficiently.

As time goes on, you can include additional activities when you are ready to take on more challenges. Creating a niche for your business is a good way to achieve sustainability and stand out from the rest of the competition.

Networking

Be ready to work hard and prepare for the responsibility of being your boss. Having your own business is a rewarding experience but you it requires dedication and discipline. Whenever you start a business, it is important to network. Networking helps to promote sales and keep you on track.

Effective networking involves being responsive, reaching out to people in the industry, attending networking events and being accessible.

Maintain Contact with your Customers

Remaining in contact with your customers is essential for retaining customer loyalty. Keeping in touch with customers shows that they are valued. Keep records of their contact details so that you can inform them about new products or promotional offers. The customers that you already have are just as important as the new ones that you want to attract. Read more about debt review here.

All entrepreneurs want to be successful and watch their business concepts turn into reality. Operating a business requires time and effort as well as determination. There are various things that you can do to reach your goals and keep your business running. Check this chart below.

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Financial Lessons You Need To Learn In Your 20s

Being in your Twenties

The 20s is an exciting in most people’s lives. You are young, energetic and you have are just starting your career. The future looks promising and you have every reason to be ambitious.

It’s also the time that you set the foundation to build on in order to achieve career success and financial freedom. Many of the financial decisions you make in your 20s impact your life for several decades to come. Learning how to manage your money in your 20s could be the difference between prosperity and financial struggles later in life.

You need to learn these money lessons in your 20s.

Make savings a priority

You must save a percentage of your income regardless of how much you earn. A common mistake many young people make is to live pay check to pay check without thinking about the future or an emergency case where they don’t have the reliability of a regular income. This also makes them miss out on the compound interest factor that works to their advantage.

You need to save a portion of your income every month as part of your investment goals and Emergency Planning. You should have some funds set aside for a rainy day.

Get financial education

Financial literacy is a skill that must be learned like any other. It’s unfortunate that the education system has little to offer in terms of financial education yet it’s one of the most important lessons one needs to learn in life.

Due to this costly oversight, you have to take it upon yourself to learn money management skills whichever way you can. You can attend financial literacy classes, seminars, read magazines, watch YouTube videos, and talk to your banker who should be a qualified financial advisor.

Take advantage of tax breaks

There are a number of tax breaks that many people miss out on because of lack of knowledge. A good example is the tax break that comes with saving in a retirement fund.

Many young people miss out on tax breaks like this because they think retirement is so far away and there’s no need to start planning for it.

Most employers also offer to match their employee’s contributions which further adds more money to your savings.

Pay your debt in time

Defaulting on your loan repayments even by a single day attracts a fine which makes the loan even costlier in addition to affecting your credit score.

Ensure you pay off your loans in good time and if you have a salary, have a standing order to have the loan automatically cleared just in case you forget.

The same applies to your utility bills, many of which also have penalty fees for late payment, in addition to the risk of your service getting disconnected.

Also, pay your credit card debt in time and try as much as you can to make all your payments in cash. Withdraw bulk amounts of money to last you for a given period of time and minimize your cashless transactions that usually have some fees attached to them.

 

 

 

 

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A Trio of Must-Have Gadgets for Investors

 

Whether you’re a newbie to the world of investing or have been dabbling in the stock market for some time, you likely find yourself checking your portfolio at least once a day; after all, you want to find out if your Starbucks or Target stock has risen in value or if it’s time to get out of that investment.

While investors have traditionally checked the stock section of a newspaper for this information, many now rely on their smartphones and computers to get updates in real time. Indeed, there are a number of must-have, handy electronic tools that make keeping tabs on your money and portfolio easier than ever. Here are a few prime examples.

An iPhone SE

While all smartphones allow you to make calls, send texts and take selfies, the iPhone SE goes beyond these functions with a user-friendly feature for investors. The smartphone, which comes equipped with the built-in Stocks app, allows you to easily keep track of everything in your portfolio from the palm of your hand.

In addition to keeping apprised on your various investments, the Stocks app also allows you to check the opening and closing numbers on the Dow Jones Industrial Average and S&P 500, as well as how well particular stocks have performed over the past two years.

Thanks to the iPhone SE, you don’t have to keep a folded-up newspaper in your purse or briefcase; instead, you can easily check your investments while standing in line for a latte. Now, how cool is that?

A Financial Calculator

When it comes to figuring out your finances, you can’t go wrong with a financial calculator. Sure, your smartphone’s built-in calculator or the one sitting on your desk can handle simple arithmetic, but a financial calculator is better for computing statistics and analyzing your cash flow.

A great and reasonably affordable option is the HP 12C Financial Calculator that’s sold on Amazon.com. At around $50, plus shipping costs, this slim and sturdy financial calculator will allow you to more easily calculate and track annual percentage rates, net present values and more.

A Fast and Reliable Laptop

In addition to owning a state-of-the-art smartphone, a laptop is also a great tool for investors. While smartphones offer more convenience, a laptop’s larger screen size will allow you to more easily read about your stocks, pull up your accounts, and check the markets. Technically, any laptop that connects to the internet will do, but to make your investing life easier and less stressful, you’ll want to find a laptop that’s lightning fast, reliable and that offers an amazing battery life.

After all, the last thing you want is to be in the middle of buying low, only to have your computer crash or the battery shut down. Additionally, because you might have multiple tabs open at once, you’ll need a laptop that can handle the activity, along with trading software apps.

As StockstoTrade.com notes in its reviews of the best laptops for trading, the MacBook Pro is a fast laptop with a battery life that lasts nine hours. Spring for the model that offers more gigabytes. And, since it’s lightweight, you can take it with you on the road. The Dell XPS and Surface Pro are also ideal laptops for investors.

Good Luck, and May Your Portfolio Steadily Grow

To become a prolific investor, you’ll need a number of key tools in your arsenal. By using your smartphone to check your portfolio, buying a financial calculator to handle the often-tricky mathematics of investing, and buying a laptop that will allow you to buy and sell when the iron is hot, you will be well on your way to watching your investments grow into a nice nest egg.

 

 

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Six Amazing Financing Options for Start-up Businesses

Business depends upon the idea and vision of an individual or a group of people, and one cannot start it until and unless is confident about the idea. The biggest advantage of having your own business is that you have your own choices and you get to make your own independent decisions. But certain requirements of the business must be fulfilled. You should make sure that you have the abilities to start up a new business and along with that you are ready to give your time and strength to it as the establishment of a new business requires them all.

After this, the primary thing that comes in the way to start your own business is the lack of capital. One of the most basic things that every businessperson needs at some point either to continue, to establish or to start a new business is the loan. When any business entity has less capital, then it not only affect the progress rate of the entity but also decreases the employment rate which ultimately affects the lives of many people. There are many ways by which you can get loan and the biggest mean is the bank. It is also very important that you prepare a solid business plan. You should gather all the information regarding your business niches such as the information of the ownership and the management, the objective of the business, marketing plans and financial projections. You should also present your idea to the lenders. It will help them to develop confidence in your vision.

Along with that, a written business plan is always preferable as it contains all the information that the lender would need to check whether the firm is in a position to return the loan taken or not. It contains all the profit and loss statements, bank statements, business credit reports, personal credit reports, tax return documentation and copies of all the relevant legal documents. Do you want to start a business of your own? Are you passionate about business and related stuff?! Well, the two basic things that you need in order to start a new business are capital and your devotion, of course. So here I have six amazing financing options for startup businesses. Have a look at them:

f you want to start a business a

If you want maximum profit out of your business, then you will have to finance it personally. How do you expect any banks or lenders to take a risk in you when you are not willing to take a risk in yourself? There are numerous ways to finance your business personally. You can save up from your personal income, or you can also liquidate some assets to get the startup money. You can gain the finances for your business is through your property.

It can create a big role for the investment towards your business. You can pledge your property to gain enough amount of money for starting your business as personal assets play an important role in helping the lender decide to lend you the amount. They act as a guarantee to the lender that in case you fail to pay back the amount on given time then the amount can be recovered from the assets. But do all the necessary calculations and make a solid and effective business plan so that you don’t end up wasting your hard earned money. And your business can be more profitable if self-financed due to the ever-increasing interest rates of banks and private lenders.

 

If you don’t have enough resources to finance your business personally then acquiring a loan is another option you can avail. Keep in mind that loans don’t get approved so easily. You will have to ensure the lenders that you are worth taking the risk. Here are some tips that you should keep in mind while applying for a loan.

  • Start the application process before you need the money
  • Create a detailed business plan
  • Show how the business will be profitable
  • Try to improve your personal and business credit score
  • Consult professionals to look over the loan agreement before you sign it

 

Partnerships are a great way to finance a startup personally without any involvement of banks. Gather some friends and family members that you can trust and form a partnership to finance the business. But involving business with relationships can sometimes cause problems and can lead to damaging the relationships with your loved ones. So to avoid this problem, you should form a legally binding contract that specifies the roles of all the people involved in the business.

 

  • Incubators and accelerators

Incubators and accelerators are companies that finance your business in return for some equity. They also provide you access to experienced professionals and business contacts to improve your odds of success. But like a loan you need to show these companies that you are worth the investment and your business plan will be profitable.

 

Crowdfunding is the process of raising money to fund what is typically a project or business venture through many donors using an online platform, such as Kickstarter, Indiegogo and Crowdfunder. Crowdfunding is typically done through an online platform that allows the fundraiser to set up a public campaign for accepting donations. The campaign will advertise details such as the nature of the project or venture, the amount of money the company is hoping to raise and the campaign’s fundraising deadline.

People can donate a specified amount through the fundraising campaign’s website and often receive some sort of acknowledgement or reward in return for their donation. These websites are a centralized way for startups to reach out to a large community. Many YouTube channels got their startup funding from crowdfunding websites.

 

If any of the previous options are not available, you always have family and friends to look back to. You can ask your friends and family members to loan you the startup, or you can ask them to invest in your business. It is the most common way through which you can take the loan for a start-up business. You can always convince them to lend you the loan. Where you will need to return the loan you take, you won’t have to pay any interest on them and you won’t be under any extreme pressure by your friends and family. Just make sure that you don’t let the money ruin your relationships.

 

Author Bio:
Emily Stark is a financial analyst and accounting expert. She has in-depth knowledge about setting up small businesses as well as creating profitable investments. She regularly contributes articles related to business and loans at https://www.ebroker.com.au/.

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5 Financial Planning Tips For Young Investors

 

 

 

Being a young adult can be exciting – enjoying the early stages of a career, having your own place, making new friends – but it can also be confusing and stressful. One of the reasons is money, and learning how to manage it.

In a financial literacy survey of more than 5,500 young adults, the National Endowment for Financial Education and George Washington University found that only 8 percent of those ages 23 to 35 showed a high level of financial knowledge.

“For those just starting their careers or beginning to save for their retirement, the financial planning world can be quite daunting,” says Richard Paul, president of Richard Paul & Associates, LLC  (www.rwpaul.com), a financial advisory firm in Michigan, and author of The Baby Boomers’ Retirement Survival Guide.

“One flaw of our education system is the lack of preparedness it provides for younger investors just starting off. When it comes to stocks, bonds, 401(k)s, and debt, the task of planning is overwhelming to most.”

Paul offers young adults five tips for fundamental financial planning:

  • Automate your contributions. The easiest way to invest is to automatically direct a portion of each paycheck into your investment accounts. “You’ll quickly get used to having less money to spend each month, and your savings will grow automatically,” Paul says. “And if your employer offers a match into your retirement account, be sure to take advantage of that. That’s free money.”
  • Take control of your health. You might think your health doesn’t fit into a discussion of financial planning, but being proactive when it comes to health – whether it’s getting your annual physical or daily exercise – will pay dividends in the future. “A retiree today is expected to spend $275,000 over their retirement on health care,” Paul says. “By investing in your health when you’re young, you can reduce your potential for future health care costs.”
  • Get out of debt. “Paying down your debt reduces the amount of interest expense you pay each year,” Paul says. “And often, people are paying more in interest than they are likely to earn by investing.” Studies show the average American under the age of 35 has between $23,000 and $30,000 of debt in the form of credit cards, student loans, auto loans and other forms of personal debt. According to a NerdWallet 2017 study, the average U.S. household that’s carrying credit card debt has a balance of $15,654.
  • Build and protect your credit. Your credit score is an indicator of your financial health. “The list of people who have an interest in your credit score seems to keep growing every year,” Paul says. “Damaged credit can be costly over time. Pay all bills on time by setting up payment reminders or enrolling in auto pay. Pay down balances on credit cards; high balances relative to total available credit affect your credit score.”
  • Buy into panic, not excitement. If the stock market sells off by 5 to 10 percent over any given month or week, Paul recommends you take your excess cash and buy the dip. “Only use excess cash, not any cash that is needed to pay bills,” he says. On the flip side, when the market is going up significantly Paul advises: “Wait for a correction if you’re sitting on the sidelines.”

“Young people need to know how to plan financially,” Paul says. “There’s a tendency to put it off, but that’s risky. There’s too much to lose. You’re not young forever and without a plan, you’re unprotected for your future.”

 

About Richard W. Paul

Richard W. Paul is the president of Richard Paul & Associates, LLC (www.rwpaul.com) and the author of The Baby Boomers’ Retirement Survival Guide: How to Navigate Through the Turbulent Times Ahead. He is a Certified Financial PlannerTM professional, Registered Financial Consultant, Investment Adviser Representative and an insurance professional holding life and health insurance licenses in Michigan and Florida.

If you would like to run the article above, please feel free to do so. If you’re interested in interviewing Richard Paul or having him provide comments, let me know and I’ll gladly work out the details.

 

Have a great day!

Miguel

 R Contact: Miguel Casellas-Gil: 727-443-7115 ext 214
MiguelCG@news-experts.com

Miguel A. Casellas-Gil

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News and Experts
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Professor and student

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IS BITCOIN THE NEW EVERYDAY MONEY

Bitcoin has created a whole industry and a new way of doing business that one could doubt even its maker never thought possible. From its days of obscurity to its fame and notoriety, Bitcoin today is among the most hotly sought commodities in the world. But is it the alternative every day currency that Satoshi Nakamoto hoped it will be? Let’s find out…

The Economics

Bitcoin in its present form faces serious challenges as it has retracted from being the cheap means of transaction to one that has become completely uneconomical for everyday transactions when it comes to micropayments. Bitcoin miners are allowed to set their own fees for verifying transactions and as such transactions with small fees attached to them often go for days without being verified as the miners don’t find them lucrative. It is estimated that it costs up to $24 to send about $10 in Bitcoin which is just not a feasible number for businesses and customers who wish to pay in Bitcoin

Speed or Lack Of In Transaction

A perfect everyday transaction money is one that moves fluidly and very swiftly from the paying party to the recipient in the least possible time. What makes credit card payments popular is the little time it takes to process them, and this is something Bitcoin in its present state cannot just compete with. Bitcoin is only able to process a maximum of 4 transactions per second which is just not enough for a currency that could potential have millions of people trying to conduct their transactions all at the same time.

Usability

One of the other indices for the use of Bitcoin as an every currency is the safety that comes with its payment. Bitcoin transactions are completely irreversible once initiated and as such it stands at a disadvantage when compared to Ethereum and other cryptocurrencies that allow for the use of Smart Contracts which protect both buyer and seller.

Value

When it comes to actual value Bitcoin stands heads and shoulders above any other blockchain product as it is several times the value of its closest rival on the market. The hike in Bitcoin’s value has seen the increase in the reluctance of its holders to spend it on their day to day transactions, preferring to hoard it, which is why a lot of people tag it as the digital equivalent of bullion gold.

Conclusion

With a very cumbersome transaction process and high fees, Bitcoin stands at a great disadvantage to fiat as well as other cryptocurrencies that offer more efficient service, but its high value makes it the best option for storing value as far as cryptocurrencies are concerned. Therefore if you are looking for a currency to pay for your pizza and ice cream Bitcoin might not be your best choice.

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LendIt Fintech USA 2018 San Francisco March 9-11

LendIt Fintech is the World’s Leading Event in Financial Services Innovation. LendIt Fintech hosts three conferences per year in the USA, Europe, and China. These events bring together every major fintech, blockchain, lending and digital banking companies from around the world. Professionals in the financials services industry come to learn, network and do business.

 

Online Lending, Event Management, Financial Technology, Networking, Peer to Peer Lending, Market Place Lending, Blockchain, Digital Banking, Banking, Fintech, and Financial Services

Meet Chris larson and The Lendit Team

A serial entrepreneur, Larsen, 57, cofounded the online mortgage lender e-Loan, in 1997, and, eight years later, Prosper, the peer-to-peer lender that has been valued at more than $1 billion. He seems to have hit it bigger here, even if XRP is nothing more than a speculation vehicle — and one that’s down 65% since the beginning of the year. While Larsen stepped down from the company more than a year ago, he still serves as executive chairman and tells Forbes he’s “100% focused on Ripple and helping the team any way I can.” Given these kind of numbers, he’d be crazy not to.

LendIt has always been about community. It all began back in 2012 when Jason Jones was speaking at a conference in New York that was organized by Dara Albright. He proposed creating a new event focused on marketplace lending (then called peer to peer lending), a place where the new community could come together. He had been interested in marketplace lending for some time and, along with his partner Bo Brustkern, was in the process of launching one of the first funds in the space.

At that same time Peter Renton, the founder of Lend Academy, had decided that he wanted to start a marketplace lending conference in 2013. The members of the Lend Academy community had been reaching out to Peter on the need for an industry event that would bring the community together in person.

So, it was serendipitous when Jason and Dara connected with Peter and together they decided to launch the world’s first marketplace lending conference. They had modest expectations, they just wanted to put on an event where the entire community could come together to network and learn. The first conference in New York ended up being sold out and was a big success.

Today, Jason, Bo and Peter run the LendIt conferences and Dara has moved on to launch a new venture. LendIt has grown into the largest lending and fintech conference in each of the regions they operate: USA, China and Europe.

Our conferences bring together the fintech firms, investors, and service providers

Lending

Lending has been the bread and butter of LendIt events from inception. As online lending has grown up, so too has LendIt. In the early days there were just a handful of early companies who were thinking very differently about how lending should be done. There is now a healthy ecosystem that has been built around the lending industry. At LendIt Fintech USA 2018 we’ll cover all verticals of lending. Many people are familiar with LendingClub CEO Scott Sanborn who will kick off the event. While we will cover every aspect of lending, here are a few other notable speakers:

  • Jay Farner, CEO, Quicken Loans
  • Max Levchin, Co-Founder & CEO, Affirm
  • Anthony Noto, CEO, SoFi
  • Renaud Laplanche, CEO, Upgrade

Digital Banking

Every bank needs to have a digital strategy these days. Consumers have more options than ever and companies need to check all of boxes no matter what size bank they are. We’ll hear a wide range of perspectives from startups to established banks looking to serve a younger customer base. This track will also cover mobile technology, banking infrastructure, data science, partnerships, wealth management and how banks can compete in the ever changing marketplace. Below are just a few names that we’ll hear from on digital banking:

  • Yolande Piazza, CEO, Citi FinTech
  • Suresh Ramamurthi, Chairman & CTO, CBW Bank
  • Luvleen Sidhu President, Co-Founder & Chief Strategy Officer, BankMobile
  • Jeremy K. Balkin, Head of Innovation, HSBC Bank USA
  • Nicolas Kopp, U.S. CEO, N26 Inc.

Blockchain for Financial Services

For 2018 we looked at one of the biggest new trends in financial services, blockchain and decided to create an event within our event. We are debuting our new blockchain event Blockfin by LendIt. Blockfin is co-located within the LendIt Fintech event meaning attendees have access to both events. We teamed up and are co-hosting the event with CryptoOracle. BlockFin brings together the top innovators and experts from the entire blockchain ecosystem including technology platforms, crypto companies, investors and banks for 2 1/2 action-packed days of learning, networking and business development. The event will include: 1:1 investor meetings, a demo stage for crypto funds & ICOs and 40+ hours of cutting edge blockchain and cryptocurrency content. Some names we are excited to hear from include:

  • Tim Draper Founder & Managing Director DFJ
  • Richard Craib, CEO, Numerai
  • Tom Ding, Co-founder & CEO, String Labs/Dfinity
  • Vincent Wang, Chief Innovation Officer, China Wanxiang Group
  • Kathleen Breitman, Co-Founder, Tezos
  • Catherine Wood, CEO/CIO, ARK INVEST

Specialties  In Financial Technology

This is just a taste of what you can expect out of LendIt Fintech USA 2018. You can learn more by visiting our speakers page or looking at sessions confirmed on our agenda. If you plan to attend the event, be sure to act soon as the price increases by $400 on Friday night. As a Lend Academy reader you can use our special discount code “LENDACADEMYVIP” for an additional discount.

                                       We hope to see you in San Francisco in April

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The Pros & Cons Of Cryptocurrency

There has been a steady growth of interest when it comes to cryptocurrency. As it becomes more integrated into different levels of our lives, it’s no surprise that increased awareness is driving the growing financial revolution. While there are both positives and negatives to the digital currency, the truth is that there are enough big businesses and corporations looking at ways to integrate the technology and make the most of its advantages, so the notion of digital currency is not going away anytime soon.  With fluctuations in value creating an ever-changing market for bitcoins and other, less popular, examples of cryptocurrency, you may be looking at the best ways that you can take advantage of the growing market and influence of this digital powerhouse. If you’ve been looking for good investment opportunities and therefore considering investing in a cryptocurrency, or if you are simply curious how you can use it to manage your finances more securely, then you need to be aware not only of the potential benefits, but also of the negatives as well. This will give you the options with a clear view of what to expect, and will improve your chances of having a positive interaction with cryptocurrency yourself.

Con – It can be difficult to comprehend

Perhaps the most challenging obstacle in terms of large-scale adoption of the various cryptocurrency options, is that it can be a difficult subject to comprehend. The very idea of a decentralized financial system that is stored via blockchain can be challenging, especially if you’re not tech-savvy. Due to the fact that it seems occasionally incomprehensible, people are proving to be very wary taking advantage of the benefits that it can offer, and that appears to be the last hurdle that digital currency advocates will need to tackle if they want to see wider use.

Con – Challenges of market fluctuations

There are a variety ways that you can use cryptocurrencies, but the majority of people using them at the moment are simply using them as an investment. While the more eager users are using their digital currency to buy tickets to sporting events, gamble online, or even buy a house with bitcoin, most are simply waiting for the dramatic market fluctuations to work in their favor. Treating your bitcoins as you would any other commodity may be the way to initiate a more widespread understanding and trust in the new currencies.

Con – No security in case of loss

As with every emerging technology, there are those that use naivety and inexperience to scam, cheat and steal your hard-earned money. This has certainly proven to be the case with digital currencies, so it’s important to be aware of the safety risks. Treating your bitcoins as real money will get you in the right frame of mind, as you simply have to follow standard security protocol as you would with hard currency. For those using cryptocurrency to buy, sell or gamble online, simply be as careful as you would with any investment. For online casinos, look out for the old tricks updated to the digital age, and don’t trust companies that offer unrealistic bonuses, odds, and offers. With a little basic security, you can minimize your chances of making a loss that can never be returned.

Pro – Unparalleled Transparency

This is one of the major reasons why digital currency offers much more potential for societal change and accountability. While the use of cryptocurrency is anonymous, the transactions themselves are all stored on an open ledger (the blockchain). This means that the data is available to view by anyone at any time, and that’s a major boon for those wishing for a more transparent banking system. It is because of this transparency that bitcoin is considered one of the hottest topics in world currency.

Pro – Instant and 24-hour accessibility

It is possible to spend or buy wherever you are, and you don’t even need a computer to use it. Everything can be managed on your mobile device, meaning that even for those with little in the way of technology, they are still able to access their finances and make decisions in real time. This accessibility is a key feature for the adoption of bitcoin, and is being used across the world to provide opportunities for those who would previously have struggled to become online consumers.

Pro (and con) – Absolute anonymity

Having an unregulated currency that is not bound by customs adjustments and fluctuating political changes is a positive and a negative. Cryptocurrency is completely anonymous, which is great for those that value their online privacy and are wary of handing over too much of their digital data. While the additional layer of security that anonymity provides is an excellent benefit, it has also led to the inevitable adoption of the technology by the criminal fraternity. The black market and the dark web are big users of cryptocurrency, and criminals obviously value their anonymity as much as they value the ability to send vast sums of money anywhere in the world with a few taps of their phone. For more law-abiding citizens, the benefits of anonymity are many, but perhaps the most enticing is the fact that there is no chance of identity theft, and that’s of major interest to anyone looking for more secure ways to remain online safely.

Every budding technology will have a degree of uncertainty about the future, and cryptocurrency is no different. While the popularity is growing, and businesses race to keep up with growing demand for its use, it may be too early to know just how big of an impact cryptocurrency will have. As a potential financial revolution, it’s worth keeping an eye on, and maybe investing in now before interest spreads worldwide.

 

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