The concept of investing has been around for centuries. However, the semantics behind investing has evolved through modern times; from white men in slick suits working behind the desks of Wall Street, to teenagers fumbling around in their bedrooms playing with avatars.
Investing and stock trading was perceived as a complicated affair, which explains why for decades we’ve relied on financial ‘professionals’ to look after our hard-earned assets.
Perhaps the first time this came to question was after the financial crisis in ‘08. The unfolding of the largest financial disaster in history exposed just how faulty the financial system was and the lack of aptitude and trustworthiness of its gatekeepers.
The next major financial crisis was pretty recent. The COVID-19 pandemic saw a huge influx of non-institutional investors betting their money on the wallowing market. And many saw rich returns. And here’s the catch: many of those investors were kids.
That’s correct. These days, investing is no longer hidden behind a sheen glass, but instead, is largely accessible by anyone with a bank account. Not only so, but alternative investment methods have also risen in popularity, especially in the cryptocurrency realm. Today, your grandma’s neighbor knows about Bitcoin.
Investing Is Easier, but Is It Safer?
There are boundless amounts of content circulating online about investment. Social media has become equivocal to news sites for catching up on the most current investment trends.
However, such accessibility comes with dire consequences. Hundreds and millions of dollars have been compromised in cryptocurrency trading platform hacks. Just recently, play to earn crypto game, Axie Infinity was infiltrated by hackers who extracted over $650 million.
With these newfound capabilities to invest, it falls on millennials to thoroughly educate themselves in what they’re investing in. As an avid proponent of educating the public on safe and innovative investment methods, David Rojas, the CEO of Blue Castle Ventures LTD provides a few guidelines people should be aware of before investing. David graduated from Harvard Business School in Alternative Investments and has since projected his efforts into creating sustainable and safe alternative investment vehicles for millennials and beyond.
Money Protection Assurance
Don’t send your money into the abyss. Ensure there is a paper trail established with the institution you’re investing with.
“Your investments always should have a receipt, contract, or any piece of information that can be used as proof that you handed your money,” says David.
It’s safer to invest with companies that have physical backing. For example, Blue Castle Ventures guarantees a few layers of consumer protection, with Royal Bank of Canada, Interactive Brokers,and PayPal in the background. Again, this comes back to traceability in case something goes wrong with the transaction.
Having a Clear Mechanism to Investing
If an investment company does not clearly describe the mechanism behind its returns and risk levels, this should come up as a big red flag.
Always do your due diligence in learning about what exact strategies are being employed, and how they’re different from picking a general portfolio with the bank.
Blue Castle Venture offers a unique private pension plan that’s accessible by the common person. Contrary to traditional investing methods, where a fund’s income comes from bonds and fixed income, they use small-cap stocks that change their percentages higher and faster than blue-chip stocks. Once the move is completed, they cash their position and perform this daily over long and short positions so that the cash is better protected.
Besides this, they offer stock investment training courses for their clients and audience.
Don’t Blindly Follow the Herd and Always Educate Yourself on New Activities in the Marketplace
Opportunities are often found where few are looking. Resorting to outdated financial investment tools, and trusting the banks or governments with our money can have repercussions. With the rate of inflation, we will witness the rapid decline of our purchasing power unless we find innovative and smarter solutions to investing.
Most millennials these days don’t consider getting a pension fund either because they don’t make enough to contribute or they don’t see the value in it. David advises against putting our full trust in financial systems, saying “it is designed to limit you when protecting you and being challenging when you are successful.”
His mission is to provide the millennial generation with the tools to invest intelligently and securely in achieving higher returns for retirement. Coming up with a revolutionary pension system took going against the grain and finding alternative solutions that provide on average larger returns than traditional methods. With over years of investment experience, David advises people not to rush investment decisions and to make them based on achieving a clear objective.
“Investing is like a journey, if you do not know your destination you will get nowhere,” says David.
The goal of Blue Ventures is “level the playing field” between people who have a lot of wealth, and the average working-class person who desires to have greater leverage with their money; enough to save for retirement and outpace inflation.
With the uncertainty and volatility of the stock market and the U.S. dollar, it’s more pertinent than ever for millennials to be hyper-vigilant about where their money is stored and going. Protecting ourselves against large falls in the market begins with educating ourselves on what alternative investment methods are out there. With this knowledge in mind, it is possible for millennials to leverage their income now, to earn more income for the future.