Let Me Tell You A Secret.

by | Jan 7, 2016

We are all living longer. Interest rates are at record low levels. And if you are fortunate enough to be a member of Generations X or Y, then you are in line to benefit from the biggest inter-generational transfer of wealth in human history as relatively well-to-do baby boomers start to pass on their wealth. Hurrah! What’s not to like in all of that? Well, a few things actually: the longer we live, the more money we will need for our old age (unless we are willing and able to work beyond current retirement ages). Low interest rates, especially negative “real interest rates”, mean that we need even more money to generate a satisfactory income than we previously did. And most of us would have no clue how to manage an inheritance or where to find an honest and competent financial advisor. (That is certainly not to imply that they do not exist or that those two qualities are mutually exclusive!)

Truth be told, most of us have a slightly strained relationship with our finances. Few of us have all of the money that we think we need. Even fewer of us can seem to accumulate it by doing just the things we love, as Steve Jobs would famously have had us all do. Even if we just want to give it away, like Mark Zuckerberg, we need to start with it in the first place!

At invstr, we believe that managing our own financial affairs is no longer a choice. Especially since the near-meltdown of the financial services industry, it has become an imperative! Of course, the ‘experts’ will tell you otherwise! They will tell you that financial markets are so complicated that you couldn’t possibly navigate them on your own; that ‘retail’ investors (i.e. you and me) invariably lose money; and that the only prudent course of action is to give your money to an expert to manage.

As someone who had a very long and successful career in the financial services industry, my considered professional response is “baloney”! Financial markets are very simple – we can all understand them. They are only as complicated as the financial industry chose to make them. Moreover, the age of the expert, if indeed it ever existed, is over. “Experts”, with the exception of a few statistical aberrations, have consistently under-performed the market. Intuitively we now trust our family, friends and total strangers that we ‘meet’ via social media more than we trust experts. We are right to do so. This is the Age of the Network, or the self-informing collaborative community.

There is one respect in which the experts are correct however: most of us have three core problems when it comes to financial markets: getting access to high quality information; understanding it; and then knowing how to use it when we invest.

Our mission at invstr is not just to solve all of those problems but also to make it so much fun that we all actually want to manage our own investments! How are we doing that? Simple: by pulling together all of the information we need in one place and organising it in a way that is useful and convenient; by presenting financial terms in a way that we can all understand; and by giving us access to each other’s individual or collective insights through a fun gamified learning process.

There are two more secrets we would like to share with you: financial markets are not about money or maths. They are about people! FinTech is not about Finance or Technology. It is about people! As we start 2016, for us at invstr sharing those secrets with everyone is what this year is all about. Next time, we will tell you how we plan to do it.

Happy New Year!

Want to learn more about the markets and how to become a better investor?

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order. Brokerage services, including fractional trading of US securities, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

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ALL RIGHTS RESERVED © INVSTR LTD. 2017

Risk Disclosure:

Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order. Brokerage services, including fractional trading of US securities, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.

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