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BlackRock Backs a Startup to Find Out What Young Investors Want
- alehul 8y agoAnyone have a non-paywalled link?
- unpwn 8y agohttp://archive.is/zFppK http://archive.is/zFppK
- fwdpropaganda 8y agoFirefox extension that every time you connect to the Wall Street Journal or the Financial Times changes you referer to "Facebook" to bypass paywall: https://addons.mozilla.org/en-US/firefox/addon/read-ft-wsj/ https://addons.mozilla.org/en-US/firefox/addon/read-ft-wsj/
- textmode 8y agohttp://web.archive.org/web/20180509153040/https://www.wsj.com/amp/articles/blackrock-backs-a-startup-to-find-out-what-young-investors-want-1525868931 http://web.archive.org/web/20180509153040/https://www.wsj.co... Use with Javascript removed/disabled/"Reader Mode"/etc.
- xstartup 8y agoHow hard is it to know? Young investors want to invest their free time. Make a product, which lets you invest your time and gives you return on that without doing anything. For example, if a homeless kid wants to go to Thailand to have fun. BlackRock's startup should offer ROI for doing this.
- asdsa5325 8y agoI have no clue what you are trying to say
- crispyporkbites 8y agoI think she/he is trying to say that young investors want to take their free time and get a strong yield on it with a good ROI. And doing that with a homeless person in Thailand is the correct approach to resolve this difficult situation.
- kgwgk 8y ago> Make a product, which lets you invest your time and gives you return on that The product is already invented, it's called "work".
- toomuchtodo 8y agoBased on my experience providing financial advice to <100 people under 30: Copy new hotness roboadviser interfaces (“delight your users”), provide straightforward index investment advice at the lowest possible expense ratios. Young investors want to make the best investment decisions with limited financial knowledge. Enable them to do so while stil acting as their fiduciary. Vanguard’s iOS app is getting there in the above regard, but still has room for improvement.
- deleted 8y ago[deleted]
- jdavis703 8y agoAs a 27 year old I'll tell you what I want: the ability to invest in REITs. There's no way I'll ever be able to afford a home, especially with values going up by $800/day in San Francisco. From my experience the only way I can do this is via my brokerage account, but I really want to do it from a tax-protected account like a 401(k).
- toomuchtodo 8y agoLots of REIT funds available, the problem of course is that 401k regulations are woefully inadequate for ensuring you’re provided choice and low expense ratios. I do not suggest investing in a REIT in a rising interest rate environment, but if you decided to, I’d invest through a traditional or Roth IRA and balance the remainder of your portfolio through your 401k and taxable accounts (ensure the funds you buy in your taxable account are tax efficient!). Alternatively, you might try to see if your 401k provider supports in service distributions (exporting funds to your IRAs without you separating from the company). You could then invest in the funds you’d like, not limited to your 401k selection.
- throwaway010718 8y ago"there's no way I'll ever be able to afford a home". That's how I felt in 2007 but in 2012 many of those homes were then selling for 30cents on the dollar. I am not saying that 2018 feels like 2007 (or maybe...), but your are only 27 so there are likely a few 2007s that will occur in your lifetime.
- aresant 8y agoAccording to the sub-35 crowd in my office: 1 - Early retirement. Not from the "give it to me" perspective but from the make it easy to budget, save, use frugality as a mechanism to retire early and have reliable 4% withdrawals. 2 - Access to Cryptocurrency trading, and intelligence.
- hkmurakami 8y agoWanting intelligence in a readily available manner is a strange ask for Crypto because that’s where your edge would be.
- AznHisoka 8y agoIf you want an edge in the market, readily available intelligence is the last thing you want. A good example is Google Trends. Useful product. But drastically less useful than if you were the only person in the world with access to it.
- saagarjha 8y agoWhat do you mean by "intelligence"?
- starpilot 8y agoBrain augmentation through nanite implants.
- bllguo 8y agoI'm quite certain GP meant intel / information / analysis. Slightly abnormal word choice
- wavefunction 8y ago"intel" is of course a shortened version of "intelligence."
- 8y ago
- colemannugent 8y ago>Acorns is a financial-technology firm that allows customers with balances as small as $5 to invest in groups of funds based on their risk tolerance. Users link their debit- or credit-card accounts to Acorns, and the firm rounds up the users’ purchases to the nearest dollar and invests the change on their behalf. So their entire business model is investing change from transactions into index funds? Why couldn't any major bank or credit card company implement this and blow them completely out of the water? >Two of the seven ETFs that Acorns includes in its portfolios are run by BlackRock, while the remainder are run by Vanguard. I guess I don't get who this service is for. People who want to invest but don't want to "invest" any of their time? Why not setup a Roth IRA and get the same thing but tax-free?
- freeone3000 8y agoContribution limits?
- jschwartzi 8y agoAs in they're abysmally low? $5500/yr as a 1099 or W-2 employee is pretty pathetic.
- hkmurakami 8y agoI think acorns is targeted to the low end of the consumer finance spectrum so they are not sophisticated or knowledgeable enough to do this. Also regarding banks it’s likely not high enough ROI?
- nowarninglabel 8y agoThis is one of those interesting knee-jerk HN reactions that miss the entire point. Acorns built a product that people love. As to "why couldn't any major bank or credit card company implement this and blow them completely out of the water", why not ask instead why they haven't successfully done so? They've certainly tried and failed, and for the most part seems like they are turning to investments/acquisitions of companies in this space since they can't build something successful on their own.
- JohnJamesRambo 8y agoWe want crypto and that is all. The sooner you realize this the better.
- elefanten 8y agoTranslation: like many generations before us, we are irrationally drawn to get-rich-quick schemes
- AznHisoka 8y agoThe best investment app is the one where my portfolio goes up a lot.
- buttcoinslol 8y agoIf you want to assume lots of risk, trade options or futures instead.
- os7borne 8y ago26 year old here. I want a simple interface that automatically invests in tax-saving schemes and wealth generation schemes.It should do this by understanding my income, my goals, my risk profile and tax policies. It shouldn't ask me what I want to invest in or give me jargon about my portfolio. All I would care about is, how much money is being invested, how much money I save through tax and how much money I could have for a rainy day. If I want to know about my investment profile, then hit me with all the jargon in the world. I asked for it. Lastly, the most important thing to me, how you (the platform) makes money. This part should be absolutely transparent. I should know exactly how you make money, how much money you have made off of me etc. I'd be more than willing to pay a subscription fee for such a service or a commission fee for the hard work put in. Lastly, you may say, well these are readily available. Not really. These services are fragmented (not as one platform), not available, at least in India.
- synaesthesisx 8y agoTheir actual business model is dependent on mining data from your transactions - by linking your credit card they can track every swipe at Chipotle...