Of the Billions of devices in use globally, almost 95% are cell phones. The simple fact is mobile devices are now the primary access point to the Internet. Any comparison between the history of the PC and a mobile device is completely irrelevant. There is NO going back – there is no comparison.
Anything you can imagine in your mind, you can (or will) find in a mobile APP. New services are being created on the mobile platform that reach far beyond fun & entertainment. We are talking about heightened productivity and life-changing access to information.
The infrastructure supporting the mobile APPs is heading for a digital communication revolution that will result in an economic boom rivaling any of the past of the information age.
It was only a matter of time until the graph below, and its implications would hit. Welcome to the APP slap.
Robinhood is a no-frills stock broker with no minimum deposit – it simply allows anyone to make stock trades for free. Based on the targeted bread-and-butter stock trades it offers, Robinhood is obviously catering to the MIllennial Millions – with their smartphone being their primary computing device.
Millennials typically do not want any of the additional bells or whistles that come with a traditional discount broker – including the broker. The founders of Robinhood currently have $66 million in funding, and some well-known players such as Index Ventures, Ribbit Capital, Google Ventures, and Andreessen Horowitz.
There’s more here than just a nut – Acorns connects to a debit or credit card to “round up” the spare change to the next dollar on all purchases you make. Once the roundups reach $5, it withdraws the money and invests in a personalized stock portfolio.
Nobel Prize winner Dr. Harry Markowitz helped Acorns devise its system to personalize a portfolio composed of index funds like real estate stocks and corporate bonds.
The father-son team, who are based in California, created Acorns with the intention of removing any mental roadblocks, or anxiety about becoming a regular investor.
With help from the father of Modern day Portfolio Theorist Dr. Harry Markowitz, Acorns recommends optimized portfolios and keeps them on track with automatic re-balancing and dividend reinvestment. That’s a smarter nut.
The iPhone has made a fortune for Apple, and turned a handful of APP developers into instant millionaires, but a new app aims to help average investors be more like Warren Buffett.
iBillionaire promises to let investors follow moves of a roster of 10 billionaire investors, such as Buffett, Carl Icahn and hedge fund poobah’s like Paulson, Einhorn, and Ackman. The app compares a user’s portfolio to—at least in a small way—see what the billionaires are doing and offer advice accordingly.
Founders Raul Moreno and Alejandro Estrada created iBillionaire on a shoestring budget (just $100,000) to give individual investors easy access to strategies used by 10 of the most well-known billionaires in the world.
This is the essence of what the mobile APP revolution will bring to business in a few short years – so be prepared to go small, light, fast, and direct – the power is in your hands – literally!