by Yieldstreet | Staff
There has been a fundamental shift over the last decade in how people think about financial services. The next decade is shaping up to be even more transformative, and Yieldstreet is leading the way into the golden era of Fintech. Chief Strategy and Growth Officer Scarlett Sieber host this episode of The Yield featuring Yieldstreet’s own Founder and CEO Milind Mehere. They discuss the democratization of investing, financial education, and the impact of technology on the retail investor.
Milind and Scarlett reflect on the trends around the digitization of tech companies that started almost a decade ago. Increased accessibility to mobile changed the game for everybody when suddenly you could find anything you wanted at your fingertips. This massive shift in how people lived their lives also shifted consumer behavior. And while finances lagged behind this trend for a while, today Fintech is sitting front and center of disruptive innovation. Milind calls this next decade the golden age of Fintech.
Of course, there are risks associated with engagement in the Fintech world, and education is the key to understanding and minimizing these risks. With the potential of $30 trillion being transferred from Boomers to Generations X, Y, and Z over the next decade, education and popularizing investing with younger generations are more important than ever before.
Increased access to investing is the major focus at Yieldstreet. We understand that investors today want their money to work for them effortlessly and result in returns that can fuel their financial ambitions. Tying the education piece to the access piece is essential, and at Yieldstreet we are increasingly mindful of the net impact that both have on our investors.
Every investor wants to approach their investment options in the most educated way possible, and you won’t want to miss Milind’s solid tips for getting it right. Educated investors need to seek out blogs and other resources that distill down complex investing concepts, and learn from the endless resources that can help investors increase their investing IQ.
Addressing a major hot topic on everyone’s minds, Milind also shares his opinion of the crypto market. Digital currencies are here to stay, and the wide variety of applications of blockchain are growing exponentially. Still, the risks associated with digital currencies are very real, and he also offers a warning regarding the impact that social media can have on investing for the uneducated.
Despite inherent risks, according to Milind, the future of Fintech is very bright. Aside from blockchain, digital currency, and digital payment, there has been very little true innovation in Fintech over the last decade. But consumer needs continue to change, paving the path for potentially incredible future growth. A look ahead to the next decade shows that there is an opportunity for innovation and growth in nearly every aspect of the financial services world. Increased convenience, usability, and self-driving money are all possibilities, and at Yieldstreet we are working harder than ever to make each of these goals a reality for our investors.
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