Three tips on how to make the most of your downtime

Withstanding a bear market is hard work. Descending trajectories are no excuse to take the ball off, and here’s what you can do to prepare for the inevitable return of the bulls.

When I wrote what to do when the inevitable cryptocurrency winter overwhelmed us, I had no idea that the bitcoin crash was so imminent. I had even less idea that it would be accompanied by an exuberant bear market that sent return expectations down the line.

If shorting and defensive hedging aren’t your thing, bear markets offer little to do other than wait for the headwinds to subside. This in turn leaves many anxious hands burned out playing whimsical instruments like VIX (we don’t all have …) or left too inactive for their owner’s comfort.

If you’re tired of crouching, I have great news: there has never been a better time to take a dip in fintech and keep up with the hottest trends in the industry like data (de) commodification, radical automation and independent consulting services.

Class 1: Blink and You’ll Miss It: The Rise of Independent Consulting and Radical Automation

As the fintech industry matures, we are seeing the market launch of increasingly sophisticated products and platforms.

While machine learning and artificial intelligence are by no means new to portfolio management, truly scalable portfolio customization and intelligent AI concierge platforms cured instead of the simple index they are few and far between.

However, the field is developing rapidly and now it’s time to catch the train before it leaves the station.

If you’re looking for a place to start, check out Vise, which has been around since 2016 and offers automated investment personalization management for financial advisors. Brooklyn Investment Group is a newcomer to the market, but their bespoke AI platform is already making the right kind of wave.

So is Q.ai, an AI-powered investment app that lends you its thoughts on Forbes as well.

After you’re done with the demos, it’s time to start your first task of the day and see how the sausage is made.

If you’re up for the challenge, Udemy offers courses like The AI ​​Stock Trading System Course and Automated AI Investing using Robo Advisors that will get you up and conversing in days and downright dangerous with the underlying technology at the end of the course.

Code at your own risk – you may end up liking it.

Class 2: brushing up on industry trends: DeFi and ESG investing

By now you should already be familiar with DeFi and what all those alternative coins, monkey-faced NFTs, and smart contracts are all about. If not, I highly recommend taking, for example, MIT’s ex-ed Economics of Blockchain and Digital Assets course which starts in October.

Another unmissable trend of our times is the recently reworked intellectual feud between profit and planet, previously played by Friedman and Freeman.

To date, opposite angles are now represented by Larry Fink and Vivek Ramaswamy and the fight appears to be fun.

Your required reading includes Larry Fink’s 2022 letter to CEOs, Woke Inc, as well as the old Friedman vs Freeman debate at the Institute for Corporate Ethic’s Business Roundtable. Have a good time!

Class 3: Next big bet: (de) commodification of data

A few years ago, all the lawyers and their uncles were dealing with data privacy, and for good reason. The legal side of the industry has matured to such an extent that even certification bodies and auditors are well fed, but on the financial side, things remain in an exciting state of change.

The broad industry trend here is the (de) commodification of data, and what you should really keep an eye on is end-user empowerment and access to retail data markets.

As the general data privacy sentiment is souring, the jig is anything but Facebook and co. who have successfully accumulated end-user data without offering user-facing control and marketing methods.

Given the salivating dimension of the markets involved, you can bet that countless future school leavers are coding in hopes of becoming the go-to platform for end users in marketing their data.

For extra credit, be sure to catch up on recent developments in data privacy and fintech, and ponder which solutions are right behind the adjacent possible. A + for all those who create a MeetUp group to develop strategies and share ideas.

Let me know once you start your seed round so we can all get in on the running and whatever you remember don’t just stand on the sidelines.

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