Got Money, Got Honey!


Got Money, Got Honey!

On my newsfeed, this short article from the recognizable change blog was shared which led me to visit the Change site. While I initially thought to myself, “Ooo, what’s this cool idea?”, I understood that I had actually stumbled upon this before, and it was thought by me was rubbish. I only realized it again after I visited the webpage and considered to myself again that it was rubbish.

So what is this.. You know me, I really like market disrupters like Get and Uber. Open an account in five minutes, okay that isn’t bad. I have banking associations with 5 banks thought already. I don’t know a single person who does not have a bank. Maybe easily read on I’ll figure out why we need them to be our bank or investment company? Top security. I don’t really feel like some of my banks are lacking security, but top security is a good thing, just not anything special that I don’t curently have.

  • Rookie errors to avoid
  • Affluent investors
  • China’s 2019 Work Report: Growth Target, Tax Cuts Announced
  • Nontaxable employer-provided educational assistance benefits
  • Highly impartial thinkers

Convenience. Expense tracking and recommendations? This is a bit of a useless overlap? Mobile budget. With all the different -Pay apps (Apple, Samsung, Google), why do we need another one? At least with those credit cards, the value proposition is that you can still get advantages from using those cards. This seems like the thing that they have.

However, if you look at their screengrabs closely, they just seem like a broker or feeder service into other actual investment services, such as Smartly. Why would I need someone else to invest into Smartly for me, when I could just do it directly myself? Okay, that one caught my attention.

If they do allow cryptos, that might be their only advantage probably. But, FYI, the spreads between the SGD buying price of cryptos set alongside the actual market prices in USD, after considering exchange rates even, it is a freaking big space still. I highly doubt it might be practical to buy cryptos after considering the huge price gap.

Hey wait a minute. Where is the hassle-free bank experience, better results and lower fees that is at the marketing spiel from your blog post? Conclusion: This app is nothing more than a prepaid mobile wallet, with options to “invest” with your funds within the app. That is fintech in Singapore? If you want to visit a real fintech company in Singapore that will make changes, keep an hearing out for TenX.

If we take into consideration furthermore that the exports stand for about 30% of the German GNP, the common export portion per company – producing goods which are generally ready for exports – should at least reach this number. Rather more than less, as not absolutely all companies can export in any way.

Can one internationalize over night? Surely not. However, an organization can balance an economical change to the worse in Germany (the neighborhood market) better if exports are prospering. This holds also true when there is a comparable change in any other country. How should someone proceed then? A comprehensive answer can be found on my website, thus only a short reply here: Every single company – as the human beings – has its ‘fingerprint which is not comparable with even the toughest competitor. As every individual has its personal advantages and weaknesses this is actually the same for a company. 1. Define the “fingerprint” and the primary competences. These are two different things!