Author: Follow the Hive

Banking Habits of Millennial Customers

Smartphone — the future of a bank is in our pockets. As Bill Gates famously said, “People don’t need banks; they need banking” – and that could never be more true. Millennials no longer require traditional brick-and-mortar banks and are looking for new banking options. According to a Gallup poll, “Millennials are 2.5x more likely to switch banks than Baby Boomers (3.6%) or traditionalists (3.3%) and 1.5x more often than Gen Xers (5.5%).” They want to do everything on their smartphones and want to do things seamlessly without interacting with people. They book ride-hailing services, order food, shop online, so...

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Trump Test

Trump was born and raised in the New York City borough of Queens and received an economics degree from the Wharton School. He took charge of his family’s real estate business in 1971, renamed it The Trump Organization, and expanded it from Queens and Brooklyn into Manhattan. The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He managed the company until his 2017 inauguration. He co-authored several books, including The Art of the Deal. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and he produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be...

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Podcast 30 – The Key Word Is Empathy

Podcast 30 – The Key Word Is Empathy General FinancesBy Sha Osman, 28th March 2019 This week’s podcast, Michael spoke with Julian Chen in a wide ranging conversation about existing in the startup world and his very brief stint in the corporate world. Julian is is a lead designer at Privé Technologies in Singapore and studied Interior Architecture and Design at the Temasek Polytechnic. His particular focus is on Web design and UI / UX. They talked a bit about how these seem like unrelated to his diploma course of study, but this was a conscious decision that Julian...

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The ABCs Art Investing

Can you guess the value of this 1976 work by Francis Bacon entitled Three Studies for Self-Portraits? At the rate of which the price increased previously—almost 830%, the estimated value of these paintings is around $60 million. What’s more astonishing is that this painting was bought in 1999 for $3 million, a mere 5% of its current price estimate. There are many similar stories where artwork fetches spectacular returns on investment. As such, it is no surprise that an ever increasing number of people are entering the art world as investors and collectors. Art auction houses have witnessed the...

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