A fascinating article about a hedge fund that makes all its trades using artificial intelligence.3/31/2017
Goertzel and his company, Aidyia, turned on a hedge fund that makes all stock trades using artificial intelligence—no human intervention required. “If we all die,” says Goertzel, a longtime AI guru and the company’s chief scientist, “it would keep trading.”
He means this literally. Goertzel and other humans built the system, of course, and they’ll continue to modify it as needed. But their creation identifies and executes trades entirely on its own, drawing on multiple forms of AI, including one inspired by genetic evolution and another based on probabilistic logic. Each day, after analyzing everything from market prices and volumes to macroeconomic data and corporate accounting documents, these AI engines make their own market predictions and then “vote” on the best course of action. Read Article: https://www.wired.com/2016/01/the-rise-of-the-artificially-intelligent-hedge-fund/ Everyone’s looking toward the future, eagerly anticipating what promises to be a long line of innovations due to rapidly evolving technology. Consumers know these inventions will change the way they work and play. Not only will they make some aspects of life easier, they could quite possibly empower people to do more with less money.
This means that, on a wider scale, many fields will see serious growth. And with growth comes opportunity. Here are seven industries that are most likely boom in the next 10 years thanks to advancements in technology. 1. The Internet of Things The Internet of Things (IoT) has forced manufacturers to rethink the way their products function. This will continue over the next several years, as everything from refrigerators to toasters become more sophisticated. Even children’s toys will eventually utilize IoT technology to entertain, educate and even keep kids safe. For example, tablets made for toddlers may let you monitor your child from the other side of the house through the device’s camera while they’re learning to spell. 2. 3-D Printing As etailers compete to get products into the hands of consumers quickly, a new type of technology stands to change everything. Once 3-D printers go mainstream, consumers will be able to select and manufacture the items they want, reducing the need to ship the item to them. This also brings custom design into play, allowing consumers to personalize an item like clothing or jewelry, then print it out immediately. Read Article: http://www.chivas.com/en-US/US/Home/latest-from-chivas/theventure/ideas-and-trends/7-industries-that-will-boom-in-the-next-decade?dclid=CIn7stqw89ICFQSAfgod33EErA Some helpful advice about ensuring that your retirement is as financially painless as possible.3/24/2017
Reaching your retirement goals depends almost entirely on the saving and investment decisions you make today. By creating your plan — and sticking to it — you put in place the foundation of a financially independent future.
Your financial situation is unique, so your strategy should be as well. You should also adjust your strategy as your priorities change and as you draw closer to retirement. The basic plan is the same for most people — and it all starts by starting. Six tips to help you along the way: Tip 1 Participate in your employer-sponsored retirement plan Make this a top priority at any new job. Enrolling in your employer plan is easy. Most industry sources recommend contributing 10% but even 3% can start you down the right path. Plus, rolling your savings from previous employer plans into your current plan can give you a single-view picture of your situation. Of course, you are encouraged to discuss rolling money from one account to another with your financial advisor or planner, considering any potential fees and/or limitation of investment options. Tip 2 Save as much as you can on a pretax basis Since money you put in your employer-sponsored retirement plan comes out of your paycheck before taxes are taken out, it may be worth more in your retirement account than in your pocket. Read Entire Article: http://www.empower-retirement.com/me_and_my_money/saving/participate-retirement-plan.shtml?utm_source=linkedin&utm_medium=empowertoday&utm_content=03032017 Jan. 6 (Bloomberg) -- Greylock Capital Management Chairman and CEO Hans Humes discusses investing in distressed debt on Bloomberg Television's "Money Moves." (Source: Bloomberg)
Watch Video: https://www.bloomberg.com/news/videos/b/551cc2d9-099d-4b6e-ae0f-a5a067e06dc2 NEW ORLEANS -- The tiniest electronic gadgets have nothing on a new data-storage device. Each bit is encoded using the magnetic field of a single atom — making for extremely compact data storage, although researchers have stored only two bits of data so far.
“If you can make your bit smaller, you can store more information,” physicist Fabian Natterer of the École Polytechnique Fédérale de Lausanne in Switzerland said March 16 at a meeting of the American Physical Society. Natterer and colleagues also reported the result in the March 9 Nature. Read Article: https://www.sciencenews.org/article/single-atom-magnets-store-bits-data Robo-advisors can invest and perform basic money management functions for consumers today, at a fraction of the cost that most human advisors charge. But for all that they can do, robo-advisors still have their limitations as there are still some functions in which they cannot replace humans. So here's a breakdown of what robo-advisors can and can't do for you at this point in their development.What Robo-Advisors Can DoWhen it comes to making logical financial decisions and performing routine money management chores, robo-advisors are excellent tools that can help investors to stay on track and maintain their initial portfolio allocation over time. They can easily perform such actions as dollar-cost averaging, portfolio rebalancing and harvesting tax losses, where the program will sell losing holdings in order to offset the capital gains that are generated from selling appreciated positions.
This type of algorithmic trading has been around for more than a decade, but it really didn't enter the mainstream market until 2008, when platforms such as Betterment and WealthFront entered the arena. These robos allow even novice investors to create a portfolio based on their risk tolerance, time horizon and investment objectives by simply answering a few simple questions posed by the program that tell it what they want to do with their money. Once they have this information, the robo-advisor will select a group of investments that match up with this information. The investor can then monitor the portfolio at any time by logging in to their account. Read more: What Robo-Advisors Can and Can't Do for Investors | Investopedia http://www.investopedia.com/articles/tech/020117/what-roboadvisors-can-and-cant-do-investors.asp#ixzz4bqXfjlYd Individual investors need a comprehensive wealth management strategy for their changing goals and priorities.
Life is about change. So is wealth management. As investors move through the stages of life, they face a succession of financial challenges. Some challenges, like the need to prudently manage the relationship between investment risk and return, start early and never go away. Others, like estate planning, come later in life. These changing goals and priorities can be summarized as a cycle with four broad stages: WEALTH ACCUMULATION: During this phase, individuals are primarily focused on acquiring the assets they are likely to need to help meet their long-term financial goals. WEALTH PRESERVATION: As investors move into their peak earning years, their financial focus may gradually shift from asset growth to risk management—protecting their families and their portfolios from unexpected adversity or market volatility. WEALTH UTILIZATION: At some point, most individuals will need to draw on their accumulated resources to fund specific needs, such as college tuition costs or retirement expenses. WEALTH TRANSFER: Many, if not most, affluent individuals hope to leave a sizable legacy for their children, their grandchildren and/or their communities. Read Article: https://www.morganstanley.com/ideas/well-defined-wealth-plan Startups are vastly different from established businesses and mid- to large-size companies. The biggest asset for new entrepreneurs is learning from others in the industry, and one of the biggest mistakes you can make is not doing your research when it comes to startup financing.
Avoid these four common startup finance traps that could cost you your new business. 1. Under or overestimating the amount of cash needed to run the business.Writing a solid business plan can help you create a viable financial plan for your startup. Where most people go wrong is overestimating or underestimating the amount of cash actually needed to keep their business going. Overestimating the amount of cash you need to get started can turn off potential investors and lenders. Whereas, underestimating the amount of cash needed to support your startup can lead to imminent doom. If you are unsure of how to create a business or financial plan, free business mentors at places like SCORE can help you get started. Read Article: https://www.business.com/articles/blair-nicole-startup-finance-traps/ The term “wealth management” is thrown around plenty, in the boardrooms of private client firms, in trade and mainstream articles and by financial advisors in front of clients. Still, most professionals are hard pressed to actually define the term with any degree of precision.
Wealth management is very straightforward. From the affluent individual’s perspective, wealth management is simply the science of solving/enhancing his or her financial situation. From the financial advisor’s perspective, wealth management is the ability of an advisor or advisory team to deliver a full range of financial services and products to an affluent client in a consultative way. Read Entire Article: https://www.forbes.com/sites/russalanprince/2014/05/16/what-is-wealth-management/#48edff74133e |
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May 2017
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