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As a member of financial industry, I wouldn't say that. "Active" brokerages are biting the dust? Well, good riddance! Moving people out of the loop is generall
by atemerev 11y ago
As a member of financial industry, I wouldn't say that.
"Active" brokerages are biting the dust? Well, good riddance! Moving people out of the loop is generally a good idea.
Now, passively managed funds are a good thing, during the growth market. However, once around every ten years, a recession comes. Then, suddenly, index-tracking funds become passé, and everyone wants a strategy to survive the market downfall.
And we have a lot of things to bring in from the current tech state of the art. Blockchain is ingenious, and the art of defining modern financial instruments using blockchain features is in its infancy. So, there is a lot of work to do, and lot of potential to grow.