How Fintech Engineered Automatic Transmissions For Investors
Most Millennials and Gen Z babies won’t remember the trial and error that was learning how to “drive stick.” Shift forward, backward, throw her into second, and something about riding the clutch. Good fortune and advancements in technology have made these fossil phrases unlikely to grace the vocabularies of student drivers today.
How Fintech Engineered Automatic Transmissions For Investors
Most Millennials and Gen Z won’t remember the trial and error that was learning how to “drive stick.” Shift forward, backward, throw her into second, and something about riding the clutch. Good fortune and advancements in technology have made these fossil phrases to student drivers today.
Automatic cars removed this learning curve for younger generations getting behind the wheel. Today, there is no definitive reason for new students to learn how to drive manual cars.
Investing has undergone a similar revolution. Retail investing is being advanced with AI and powerful machine learning. For those on the road to wealth, there are now more options than ever.
Fintech has successfully created the automatic transmission of investing.
Like teenagers driving stick on the highway for the first time, retail investors faced challenges in the beginning. Fintech companies like Olive are building accessible vehicles for financial navigation. Powerful machine learning makes achieving financial success an attainable goal.
16 year olds are given driving permits and eventually earn a driver’s license. Similarly, young adults that turn 18 are legally allowed to open up brokerage accounts and make investments. Learning how to drive and invest have become necessary to function in contemporary society.
By the numbers: Today, 89% of Americans have a driver’s license. 56% of U.S adults own stocks.
- Gallup reports that on average, American families own $40,000 worth of stocks.
- From 2001 to 2008, stock ownership was at an average of 62%.
As investing becomes more accessible and essential for younger Americans, that number will only grow.
Investors don’t need to be experts anymore to make money.
Investing is rapidly becoming a necessity. Years ago, retail investors faced roadblocks like a lack of experience, little financial knowledge, and limited access to valuable information. Today, Fintech companies have given individual investors the power to invest successfully with the right information, not too much of it.
The rapid rise in retail investors between 2020 and 2021 is significant. App downloads for low-cost trading platforms like Robinhood surged during the initial months of Covid lockdowns. This retail trading frenzy tested the influence of social media, remote work, and hobby investing over the markets.
Consider the mania surrounding GameStop’s stock. Viral phrases on social media like “to the moon!” were born. JMP Securities reported 600,000 Robinhood app downloads during the GameStop surge in January of 2020.
Olive goes a step further by equipping users with the right tools to make better investments. You can take on risk that you are comfortable with and not have to worry about losing your shirt. Olive users do not need to be financial experts to make money using the groundbreaking platform. Discover why.
Currently, retail investors make up 10% of daily stock trading. In 2021, over 10 million new brokerage accounts were opened. This trend is unlikely to slow down as more platforms enter the market and individual investing becomes necessary for younger generations. Access has never been more readily available and the need to improve individual investing has never been greater.
Fintech eliminates the possibility of manually stalling out.
Fintech has succeeded in simplifying the investment process by cutting out the nonsense and rigmarole so everyone has a clear shot. Like older trading platforms, standard transmissions once presented a number of challenges for new drivers.
By the Numbers: There is a universal desire to invest today.
- Robinhood has over 22 million registered accounts.
- 2021 was an electric year for Charles Schwab, acquiring 5 million new accounts within the first half
- TD Ameritrade currently holds 11 million client accounts with a total of $1 trillion in assets.
Olive works with existing brokerages to eliminate the steep learning curve associated with investing in options. The manual process of trading options can be overwhelming. There are Greeks and Black-Scholes Model calculations. Executing trades involves many steps and option chains with multiple opportunities to make mistakes.
Olive cuts through the noise and does the math for you. It also simplifies trades with one-click execution. Investors can spend less time buried in numbers, and more time making money.
Olive is the first platform to successfully bring the power of outcome investing to retail investors. Today, anyone can drive an automatic car and anyone can capitalize on options using Olive. Discover how.
Olive gives retail investors control over the road.
Before Olive, retail investors had to resign themselves to a default speed of 100mph and couldn’t control it. The moment they put their foot down on the gas (i.e. buy a stock) they were locked in like an amusement park ride.
Now investors can determine whether they want to drive at 60mph or 90mph depending on their comfort level. On Olive this translates to having the power to give up some upside in exchange for downside protection. You, as a retail investor, can finally control your individual margins of safety.
The Bottom Line
Fintech companies like Olive are evolving the financial industry just like the auto industry has evolved the way we drive. Just as driving has become essential to modern life, individual investing has grown in importance over the years. Regulations and technological advances will continue to make your investing journey safer.
Today, it is crucial for individuals to take control of their financial futures. It is up to you to make the necessary preparations and take control over your wealth. Olive makes it easier than ever for you to get in the driver seat. Take control today.