millennials

Study: Women Are Now Leading the Market for Crypto Investment

A recent study by the London Block Exchange suggest that women are catching up to their male counterparts in the crypto world. With the number of women willing to invest doubling in the last six months, a concentration in growth among millennials, and women displaying advantageous tendencies such as an inclination toward collaboration, it's clear that cryptocurrency is not just a men's game.

In some areas women tend to fare markedly better: The study notes that women are 50 percent less likely to suffer from the "fear of missing out" that can fuel more rash investment decisions.

Click through to read more about the study from London-based business paper City A.M., and keep following us as we track the rise of women cryptocurrency investors.

By Nick Chong

New research shows that the number of women considering to invest in cryptocurrencies has doubled in the last six months.

Although demand among men is starting to level out, one in eight women, almost 13 percent, would potentially invest in the digital currencies compared to six percent at the end of last year.

The market research was carried out by London Block Exchange and it found that especially within the millennial generation, cryptos have gained popularity, with one in five female millennials wanting to invest.

Agnes de Roeyer, senior business analyst at London Block Exchange, said: “There’s still a common misconception that cryptocurrency is a game for men, but we’ve seen hundreds of women sign up for our exchange in the last few months and some of the most inspiring and knowledgeable investors, leading the way in the industry are female.”

Image credit: Getty

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Gender-Lens Investing ‘Is Coming Into Its Own’

Gender-lens investing—investing while also considering how to make one's investments beneficial to women and instrumental in lifting up women's economic power, access, and influence—came into prominence almost a decade ago. Still, the approach has spiked in popularity in recent months, interest piqued by developments such as the #MeToo movement and an increased focus on gender equality, especially in the financial and technology sectors.

Financial Planning interviewed wealth manager Luisamarie Ruiz Carlile about the nascent investing approach, as well as her thoughts on gender-lens investing's moment in society right now as investors consider gender inequality as well as other social and environmental returns on their investments, while helping to promote and support women in finance, business, education, and other areas.

By Chelsea Emery

Financial advisers are finding more options for clients who want to invest in funds that support women and girls.

“Gender-lens investing began percolating about nine years ago, and has been really growing and developing,” said Luisamarie Ruiz Carlile, a senior wealth manager with Veris Wealth Partners in New York. “It’s coming into its own, with women’s marches, more women running for office and the #MeToo movement.”

This investment strategy — which is part of a broader category known as impact investing— uses capital to support gender equality in a variety of ways. Some funds invest in companies that promote women into leadership roles, or companies that provide products or services for women and girls. Funds also sometimes focus on increasing access to capital for female entrepreneurs.

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7 Things You Should Know About Your Average Crypto Investor

With the emerging industry of cryptocurrencies becoming accessible to more and more investors, Bitcoin Exchange Guide outlines seven facts about the “average crypto investor”—highlighting the self-perception, place of residence, and average education common among crypto participants; crypto usage, holdings, and preference among Millennials and others—and the gender balance in the crypto world, at least for now. The guide notes that some women are starting to “buck the trend” even though men dominate the space now. Click through to learn more about the crypto market, and keep joining us as we support women women entering and thriving in cryptocurrency.

The cryptocurrency market appreciated more than 1,200 percent in 2017. That’s a pretty impressive growth spurt. As Bitcoin was thrust into the public eye, interest in cryptocurrencies around the world began to pique.

More and more people started researching ICOs and cryptocurrencies, looking for quick financial gains–and realizing they didn’t need a high net worth to take part.

Democratizing the world of investments, in fact, sets cryptocurrency apart from traditional markets, allowing anyone to get in on the action.

Besides the major players and institutional investors pouring millions into tokens, ordinary people want to make the most out of their savings as well.

And as the number of users continues to rise, knowing more about your average crypto investor is vital and can reveal a lot about your market.

7 Things To Know About Your Average Crypto Investor

So here are a few things you should know about cryptocurrency investors in 2018:

1. Users See Themselves As Investors

Most people who place their money (and faith) in cryptocurrencies and ICOs consider themselves investors. Only about 10% of the people we interviewed declared that they were miners, business owners, freelancers, or service providers.

It may not seem like an important distinction, but this simple terminology backs a rising trend we’re seeing, wherein participants view cryptocurrencies as a long-term investment (rather than a “get rich quick” mechanism).

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What Does It Mean to Be a Millennial Founder in This Economy?

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tech.co - Millennials are poor, and poor people don’t have the freedom to become entrepreneurs.

How bad is it? As previously covered , 63 percent of millennials can’t scrape together 500 dollars with no notice, and 79 percent are concerned that they will never have a retirement plan. The result is a significant drop in millennial founders: The average successful startup founder is in his or her 40s, according to data from the Kaufman Foundation. In this article, we’ll dig into the most recent data surrounding the state of our economy and how millennial founders are working around it — or aren’t working around it, as the case may be.

A joint public opinion survey from Economic Innovation Group (EIG) and professional services firm EY polled 1,200 millennials in order to learn more about them. Here’s a few of the most interesting takeaways.

“Even though 62 percent of Millennials have considered starting a business and 51 percent know someone who started or worked for a startup, only 22 percent believe entrepreneurship is the best way to advance their career.” “42 percent of Millennials lament that they don’t have the financial means to start a business. Across demographics, white men are least concerned with finance, with only 40 percent citing it as the biggest obstacle compared to 53 percent for black women and 59 percent for Hispanic women.”

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5 Unique Traits of Millennial Entrepreneurs

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From getting their start in a rocky economic climate, to a focus on education, to use of technology and a unique collaborative approach; millennial entrepreneurs embody a distinctive set of circumstances that shape the way they do business. We loved this list from Entrepreneur, excerpted below, detailing five traits millennial entrepreneurs bring to the table. The list comes to us from Entrepreneur contributor Zach Cutler, founder and CEO of Cutler PR, a tech PR agency in New York and Tel Aviv.

I started Cutler PR in 2009 at age 22 — just three months out of college. I began the business in my bedroom, with $200. I was scrappy and focused on results, and I hustled to make my company a success. As a millennial entrepreneur, I did things that in many ways were different from the actions of previous generations of entrepreneurs.

Here are a few of the top characteristics that set today’s millennial entrepreneurs apart:

1. We grew up on entrepreneurship.

Past generations idolized climbing the corporate ladder, whereas for millennials, business success has often been envisioned in the form of enterprising endeavors.

"Gen Y is the first generation to grow up with entrepreneurial role models,” says Donna Fenn, author of Upstarts! How GenY Entrepreneurs are Rocking the World of Business and 8 Ways You Can Profit From Their Success.

Our parents looked to the CEOs of Fortune 500 companies, like Chrysler's Lee Iacocca and GE's Jack Welch, for career inspiration, but we grew up watching Steve Jobs lead the renewed Apple, Mark Zuckerberg create a social media sensation and other young innovators break new ground. We saw entrepreneurs, not corporate titans, as the rock stars -- and we all wanted to be them.

Not only did these role models attract us to entrepreneurship through role models, but events simultaneously repelled us from the traditional corporate lifestyle: We watched corporate scandals unfold, experienced elders get laid off or fired and other facets of the downside to corporate life reveal themselves.

We were inspired to create our own paths.

Read the rest of the article here.

What Millennials Know About Money and Work

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We certainly don't want to replace one set of stereotypes with another, but there's no denying that people from different generations tend to see the world and plan their lives differently. Far from the entitled slackers they're sometimes made out to be, many millennials make smart decisions about their lives and finances--choices that many others could learn from. Read an excerpt below, and click through to learn more about lessons millennial men and women have to offer.

aarp.org - As stereotypes go, slacker millennials living with their parents—depleting the fridge and glomming off others—just may have to be rethought. Truth is, when it comes to managing their financial lives, those in the generation born between 1982 and 2000, now some 83 million strong, are making smart, somewhat surprising choices. Older generations can pick up several pointers from today’s 20- and young 30-somethings

Save more money.

Some 40 percent of millennials bumped up their 401(k) contributions in the past year, nearly twice the percentage as that of boomers, according to research from T. Rowe Price. More millennials, the study showed, stick to a budget, too

The Takeaway: Folks over 50 can use both 401(k) and IRA catch-up contributions to do likewise.

Debit trumps credit.

Nearly two-thirds of 18- to 29-year-olds don’t have a single credit card, Bankrate research found. That compares with just one-third of those 30 or older. The reason is twofold, says millennial Jason Dorsey, chief strategy officer at the Center for Generational Kinetics. Millennials entered the credit space when the market was really tight and debit was all that was available to them. But, he adds, they also “realize credit is a really fast way to get in trouble.”

The Takeaway: If you feel as if you overuse your credit cards—if your balance is going up every month or if you’re using one card to pay off another—make like a millennial, and take them out of your wallet. Don’t cancel them altogether, however; that’ll ding your credit score.

Read the rest here.