Bearing a bear market is hard work. Downward tracks are no excuse to get off the ball, and here’s what you can do to prepare for the inevitable return of the bulls.
When I wrote about what to do when a file Inevitable cipher in winter I had no idea that a bitcoin crash was so imminent. I had no idea that it would be accompanied by a feisty bear market that sent expectations of a comeback deep into the red across the board.
If shorting and defensive hedging isn’t your thing, bear markets don’t offer much to do except wait for the headwinds to subside. This in turn leaves many worrisome hands burnt out by playing with fickle instruments like the VIX (we didn’t all…) or leaving them all idle for the convenience of their owner.
If you’re tired of being scrambled, I’ve got good news: There’s never been a better time than now to delve deeper into fintech and keep up with the latest industry trends like data commodification, radical automation, and independent advisory services.
Here’s a free curriculum for all those interested in making the most of their downtime.
Category 1: A Blink and You’ll Miss It – The Emergence of Independent Consulting and Radical Automation
As the fintech industry matures, we’re seeing increasingly sophisticated products and platforms come to market.
While machine learning and AI are by no means new to portfolio management, truly scalable portfolio allocation and AI smart service platforms are. sponsored by Rather than just indexing a 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 are looking for a place to start, you can check it out binding which has been around since 2016 and offers automated management of investment allocation for financial advisors. Brooklyn Investment Group is a newer entrant to the market, but their Bespoke AI platform is already doing a job The right kind of wave.
After the demos are done, it’s time to get down to your first homework of the day and learn how to really make sausage.
If you are up to the challenge, Udemy offers courses like Artificial intelligence stock trading system course And the Automated AI Investing Using Robo Advisors This will get you talking in a matter of days and will be dangerous with basic technology at the end of the course.
The code is at your own risk – you may end up liking it.
Category 2: Refining Industry Trends: DeFi Investment and ESG
By now you should already be familiar with DeFi and what all these altcoins, monkey-faced NFTs and smart contracts are all about. If not, I highly recommend taking for example MIT Economics of Blockchain and Digital Assets Previous course starting in October.
Another unmissable trend of our time is the recently reformulated intellectual dispute between profit and the planet, previously played by Friedman and Freeman.
As of today, Larry Fink and Vivek Ramaswamy now represent opposing corners and the fight looks to be entertaining.
Required reading includes reading by Larry Fink 2022 Letter to CEOsAnd the wake up inc As well as the old time Friedman vs. Freeman debate In the Business Roundtable of the Institute for Corporate Ethics. Enjoy!
Category 3: The Next Big Bet: (Cancellation) Data Commodity
A few years ago, every lawyer and their uncle was getting into data privacy, and for good reason. The legal side of the industry has matured to the point that certification bodies and auditors are well fed, but on the financial end things remain in a dramatic state of flux.
The broad industry trend here is (d) data commodification, And what you should really be watching is end-user empowerment and access to retail data markets.
As public sentiment about data privacy gets toughened, it’s now up to Facebook and its partners. who successfully store end-user data without offering user-facing methods of control and marketing.
Given the tantalizing volume of the respective markets, you can bet your lowest dollar that countless school dropouts are coding away in hopes of becoming the go-to platform for end users in marketing their data.
To get extra credit, be sure to catch up on our Recent Developments in Data privacy and financial technology And think of solutions behind the possible neighborhood. A+ to everyone who created the MeetUp group to strategize and share ideas.
Let me know once you start your initial round so we can all get on the tour, and anything you don’t remember doesn’t stand on the sidelines.