Afterpay operates in a sweet spot with huge potential still. And they’re going after a global market. Most importantly, they’re a favourite of the coveted millennial generation — the banking industry’s most lucrative future customers.
The strategy I’m going to explain to you today, is actually something I first hit upon back in 2008 when I was a financial advisor. As you’ll probably remember, in 2008 the GFC hit hard and most investment portfolios were falling.
Make no mistake about this — despite the fancy economic language — a world of quantitative easing (QE) and negative interest rates is nothing more than welfare for the wealthy. An attempt to fight the ups and downs of the business cycle by propping up asset prices.
Australians in Canberra can possess 50 grams of cannabis and cultivate at least two plants. But cannabis can’t be sold, bought or even exchanged between mates. You can’t smoke it in public either. So before you throw your hands up in the air and celebrate Canberra’s new liberalism…
In my view, tiny homes aren’t simply a passing trend (though they are very trendy, right now). They’re a natural progression to more compact living solutions, just like we’ve seen in Europe and Japan over the decades.
Bitcoin is not really used to pay for things yet. It’s more of a digital gold. A scarce asset. And this is likely to be the main use case for bitcoin until it gets to a value — and we’re talking a global value — where people think it’s fairly valued and are therefore willing to spend it.
There are signs the fintech revolution is starting to bite into the big banks’ profits. There’s no question the big banks will have to divert an increasing amount of money to technology over the next couple of years...
Change in energy is coming. It’s being driven by technology and economics. If it’s going to help the climate too, then that’s good. But as far as I can see the world is moving this way no matter what. And Australia needs to get a move on with it too.
Just as the original travel pioneer, Thomas Cook, goes out of business, a new travel icon, Airbnb, is preparing to go public. Now Airbnb isn’t solely responsible for Thomas Cook’s demise. It’s just one more nail in the coffin. Part of a larger story that has been unfolding over the past two decades.
Anytime something out of the ordinary like this happens, you have to be ready to act, as these things can escalate fast. Could it be a sign that big banks are struggling under the weight of a legacy of mistakes? Or a sign the current system of finance is in its death throes?