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Big Bank Financial Inclusion Myth
Big banks jump on the latest trends with the term “financial inclusion” for the masses. But, is financial inclusion from big banks a myth? Recent news from Wells Fargo shows quite the opposite of inclusion from Wells Fargo by eliminating revolving lines of credit of users borrowing $3,000 to $100,000. Although this is financial exclusion,…
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The Importance of Crypto in Portfolios
We are now seeing how important crypto is within portfolios. Being a non-correlated asset, crypto investment vehicles are being created by major financial institutions. Guggenheim is registering with the SEC a new fund for financial advisors and asset managers. Cryptocurrency, Digital Assets, or Virtual Currency Investments. The Fund may seek investment exposure to cryptocurrency (notably,…
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How to ATM a Unicorn
This is no Aprils Fools… This is another case of unicorn slaying. Lets see how this slay unfolds. Recently Spotify issued a $1B convertible debt from TPG, Dragoneer, and Goldman Sachs clients. We will call them the VC mob (VCM). Terms: VCM can convert the debt to equity at a 20% discount of the IPO…
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Innovator David Bowie Passes Away
David Bowie, known for his eccentric style of music, fashion, and theatrical performances has passed away January 10, 2016. He was very influential to several generations from the 70’s to the 80’s and more. What most people forget is his contribution to the financial industry. He was a financial innovator with his famous “Bowie Bonds”.…