Digital investment applications for millennials increasingly promising - Fri, December 27 2019 - Jakarta Post - Canada News Media
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Digital investment applications for millennials increasingly promising – Fri, December 27 2019 – Jakarta Post

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The rise of investment support applications makes it easier for millennials to choose a container that can facilitate their needs. In this era, millennials prefer things that are simple, such as digital investment solutions.Investment is the action of using funds for a certain period of time with the aim to generate profit. Before the digital era entered Indonesia, investment could only be done conventionally, such as by opening an account with a bank. For example, if someone wants to buy reksa dana (mutual funds), he or she must personally approach a bank or office that provides mutual fund services with the aim of opening an account. Once the account is ready, the investor can only buy mutual funds with a minimum purchase of Rp 500,000 (US$35). But now, there are many investment applications that attract young investors. These applications must have been licensed and overseen by the Fi…

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4 Ways Tech Can Improve Your Investment Strategy – Entrepreneur

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Innovations have radically democratized investing, making it more transparent and easier to engage in.

January
17, 2020

4 min read

Opinions expressed by Entrepreneur contributors are their own.


Investing has always had the feel of being a traditional affair that’s done by older people or the extremely wealthy, and it’s often an intimidating activity for many people to consider getting into. That has been changing in recent times, and one of the most important factors is the attention that has come from the tech industry.

From new fintech innovations like blockchain to apps that help people make myriad investment decisions, you can now proceed with full confidence that there are several tech aids to help you navigate the markets and come out unscathed and with a fuller pocket. Here are a few of the options you have and how to leverage them properly.

Financial-Planning Software

When it comes to investing, there is nothing as important as comprehensive knowledge of your portfolio and cash-flow situation. If you don’t have that knowledge at hand, you’ll find it difficult to monitor your stocks or other investments, and you might make decisions that are harmful to your overall portfolio.

With the financial-planning software now available, that information is literally at your fingertips. You can access budgeting tools, market and volatility analyses and other features with apps on your phone or computer.

Related: The Case for Tech Investing in Emerging Markets

Communication

If you want to maximize your profitability, you’ll need to work with a competent financial advisor, especially if you’re dealing with a lot of funds. One of the ways to make sure you’re getting the most from that relationship is by ensuring that you keep in touch as much as you have to. That way, you’ll be up to date on what’s happening in the market and with your portfolio specifically.

According to Umesh Agarwal, CEO of Credit 101, “It’s important to ask your advisors what communication channels they use and incorporate social media, VOIP or any other solution that’ll help you get updates and relay instructions almost instantly. In today’s world of split-second happenings on various markets, close communication will prove to be crucial for profitability and loss avoidance.”

Security

If you’re like most people, the vast majority of your financial transactions are conducted online. While that’s a great thing that makes life and investment much more convenient, it also exposes you to attacks by hackers and other security breaches that could lead to financial loss if you don’t protect yourself well enough.

You’ll need to go beyond the usual precautions for keeping data safe. It might be worthwhile to consider using a hard token or biometric verification to further secure your transactions. Don’t forget the basics though. Use secure password managers to keep your sensitive details locked away, and make sure your software is updated to reduce the risk of intrusions.

Situational Awareness

Before you can make the right deals, you have to know that the opportunities exist. With information overload nowadays, it’s very easy to lose track of important news that might be useful. It’s even possible to miss news that could have a major impact on your portfolio.  

To fix that, you can use news-aggregation apps that use AI to track headlines in sync with your interests. With the recent advances in machine learning, those apps can help you identify opportunities automatically without your having to spend as much time scouring the internet or newspapers yourself.

Related: 3 Tech Trends to Help Bring New Investors to Real Estate

In all, the potential of technological innovation in revolutionizing investment is great and will probably have markets looking completely different a few years down the line. But even today, there are a variety of tools in the categories above that can help you get ahead of the curve and reward your investment strategy.

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$2.1M investment announced for new Amherstburg child-care spaces – CBC.ca

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New child-care spaces are coming to Amherstburg’s Stella Maris Catholic Elementary School. 

Ontario’s Progressive Conservative (PC) government gave approval on Friday to the Windsor-Essex Catholic District School Board to begin tendering proposals for the new child-care options.

According to a Friday media release, the Government is providing $2.1 million, as part of capital investments aimed at building more child-care spaces across the province. 

Among the child-care additions are an infant room, toddler room and two preschool rooms.

Creative Child Learning Centre, currently located on Murray Street, will operate the new spaces. 

“The funding for this child-care addition to Stella Maris Catholic  School is a fantastic development,” said Rick Nicholls, PC MPP for Chatham-Kent—Leamington, in the same Friday media release. “This investment will provide flexibility for families and opportunity for the children of Amherstburg.” 

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European lender EBRD to boost investment in Turkey this year – Daily Sabah

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After it delivered a high investment volume in difficult market conditions last year, the European Bank for Reconstruction and Development (EBRD) is looking to increase its investment in Turkey in 2020 as the economy is set to rebound, the company said in a statement Thursday.

The EBRD provided 1 billion euros ($1.11 billion) in debt and equity financing for 35 Turkish projects last year.

Arvid Tuerkner, EBRD managing director for Turkey, said: “In a difficult business environment, our business volume in Turkey remained unchanged in 2019 from the previous year. Last year, we provided 1 billion euros in financing across various sectors and were able to support our clients to ensure continued smooth operations and the pursuit of growth opportunities. The overwhelming majority of our investment was in the private sector and half of it was in support of Turkey’s sustainability agenda, the country’s blueprint to implement the global development goals.”

The EBRD expects the Turkish economy to rebound in 2020, Tuerkner said, adding that the bank aims to support even more investment projects that boost the economy, create jobs and improve people’s lives.

The bank’s statement also noted that it will also work to expand its Women in Business program and attract new lenders to the initiative. According to the statement, the EBRD will continue its engagement with the Turkish government to deploy energy efficiency technologies in schools and to liberalize the railway sector. The bank will maintain its focus on renewable energy projects.

Exploration of opportunities for Islamic financial products will also be on the agenda of the bank.

“A big part of this financing is expected to be in Turkish lira, as it was in 2019. Around one-third of the bank’s 2019 financing related to local currency and the development of local capital markets to help companies reduce currency risks,” the statement said.

One such lira loan, worth the equivalent of $100 million, to energy group Enerjisa Enerji, made an important contribution to capital market enhancements in Turkey with its link to TLREF, a new risk-free benchmark overnight lending rate that the EBRD had helped develop.

Since 2009 when it launched Turkey operations, it has invested almost 12 billion euros in various sectors of the Turkish economy, with almost all investments in the private sector. The EBRD’s 6.7 billion-euro Turkey portfolio is the largest among the 38 economies where the bank invests.

In the energy sector, the bank also financed the extension of a geothermal power plant and invested in a stake in the renewable energy arm of İçtaş Holding in 2019.

The EBRD’s equity transactions in Turkey focused on the technology sector, with investments in Modanisa, the online shop for Muslim womenswear, and the bus ticketing app Obilet, among others.

Responding to demand for enhanced port infrastructure, the bank financed four Turkish ports. The first three – an innovative logistics hub to be developed by Arkas Holding in Kocaeli, the Tekirdağ port and Asyaport – all located in the Marmara region, received loans. The fourth, the Mersin international port in the south of the country, participated in a Eurobond issuance.

The bank also engaged in the resolution of non-performing loans (NPLs). It worked with the authorities, banks and other stakeholders, held training events for debt recovery professionals and produced a report on how Turkey can ensure further resolution of NPLs. The EBRD also continued its support for the NPL asset management company Hayat Varlık.

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