The Technology And Social Trends

Many professionals, young and old, are looking at investing their money in different areas. Some would choose investing on a start-up or banking it all on mutual funds. But there is one way people can invest their money for the “Betterment.”

Portfolio management is a tactic used by not only those in the financial sector of the business world, but also by individual’s managing their own personal finances. Therefore, it important to develop and implement investment strategies in order to gain the most on a portfolio – be it as a mutual fund manager or an individual planning for retirement. Tools such as Stock-Trak, an online portfolio simulation, allow students to gain hands on experience testing different investment strategies in a risk-free, yet realistic environment. From February 1 to April 30, 2010 I took part in one such simulation by managing an online Stock-Trak portfolio. After being given $1,000,000 with which to invest, all monetary

Over the past 100 years, many analysts can see evident a rise and decline of the United States population. Looking further into the demographics there are currently 73 million millennials aging from 18 to 34 that will soon account for one in three adults by 2020 (Catalyst, 2012). However, despite the increase of millennials, the overall U.S population continues to grow older. Retirement is a subject of the past in this decade and many over the age of 65 are living and working longer thanks to better health and stability in jobs. In fact, the population of older Americans is expected to more than double by 2060 (Catalyst, 2012). Looking at these statistics overall, we are seeing an increase in both generations meaning they are most likely going to have meet face to face within the workplace. This in result, has made it possible to have five generations in the workplace simultaneously. This is truly remarkable and can have a great effect on a business. Looking in the past at how much has changed in the few years, there was only 10.8% of the 65 year old crowd still working in 1985. Presently, thanks to the U.S Bureau Labor Statistics predicts for the year 2020 will comprise of 22.6% of 65 year olds still working (Ganett Company, 2014).

Now that 401k and IRA plans are the sole form of retirement planning, it has become a problem for Americans to save anything. Employee sponsored 401k plans have become the status quo in retirement planning but not all employers are able to offer the benefit. The emergence of automated investment platforms aims to tackling this problem making them easily accessible for businesses of all sizes. While its effect wont be felt for another few years it’s a great first step to addressing the growing retirement

For many generations the idea of a device that could recognize you simply by your eyes has been the stuff of science fiction. It was an invention that seemed intangible. However, over recent years this imaginative and seemingly futuristic technology has become a thing of the present. Each iris has a unique pattern, like fingerprints, however iris scans have proven to be more accurate and distinct. Slowly but surely, this novel technology is making its way into the everyday lives of Americans. For example, colleges, such as George Mason University have begun to use iris scans as a form of identification in cafeterias; even airports have started to introduce this innovation (MacRumors, 2014). Not only this, but the invention has been

As I said, to make small segment by type. Like the robo-advisor is for mass market. The banks may can be the sponsor to sports or racing, it’s an effective way to be closer with the richer young consumer. The richer young consumers who I know are all love cars. None of them earns money by themselves, all are the second generation of the rich.

Sadly, without a foothold in the market, many of today’s young professionals are putting themselves in a precarious financial situation. “If your money is solely in cash or cash equivalents,” said virtual advisor Andrew McFadden, founder of Panoramic Financial Advice in Fresno, CA, “chances are you won’t even keep up with inflation.” Plus, he added, younger investors have a distinct advantage over their parents. The more time your money has to compound, the more powerful your investment potential. (The difference between starting early and waiting until later can add up to as much as $1 million.)

When it comes to investing, millennials adhere to a different approach than their parents. Young investors, who have been through two market crashes, have developed skepticism and mistrust towards banks and traditional advisory services. Many millennials prefer to save and forgo investing all together. For those willing to test the market, technology and social trends play a significant impact on their decision making. With millennials now outnumbering baby boomers in the U.S., many traditional financial services strive to connect with the younger generation. This comes on the heels of a noticeable upward trend in financial technology and online wealth management. Through the use of technology, robo-advisors have built a successful foundation for attracting young investors.

Technology has become a social norm in American society. There is always some form of technology wherever you may go. Technology affects almost everyone in a negative way. While technology continues to advance, school and work performance begins to diminish. Humans tend to get sidetracked when they focus on a certain thing for too long, and this can cause a person to slack off in daily activities. Isolation is also a result of technology; it consumes up valuable time that a person may have with family members, especially if they are in the same room. There are numerous things that are unethical about today’s technology. Some feel that technology is very beneficial to our society. To an extent, it is but morally humans should do things for themselves instead of always depending on some form of electronic for assistance or to satisfy a need. Professors and staff use every aspect of technology especially in classrooms to expand learning and to circulate information. Technology should be used for certain things but not for everything because in the past we did not have access to these things. In our present day, technology is seen as a necessity instead of something that is optional.

Blades’ article discusses how Aflac took a survey of millennials in Atlanta and the result they got was astonishing. Every generation before millennials describes millennials

Technology has played an integral part in shaping society in many different ways. Throughout history, technological inventions have changed everything from the way humans are clothed and fed to the very ways we communicate and interact as a species. Examining the effects technology has on society illustrate both how technology shapes culture and society and how society can affect future technology. This can be seen by examining a few of the major technological innovations in human history followed by a look at a new technology and how it may shape future society.

Both Blunt and Mathas knew this would be an uphill battle, however. Historically, investment advisors preferred to actively manage their clients’ funds, whereas an immediate annuity represented an irrevocable one-time transaction. In addition, most advisors favored a fee-based business model rather than one in which they would receive only a one-time commission. Complicating matters, research suggested that consumers were almost completely unaware of the existence or benefits of immediate annuities. Yet Mathas had faced doubts about this product before, and he genuinely believed that, in the ever-changing landscape of retirement planning, immediate annuities offered great benefits for those in or approaching their retirement years.

According to recent research, Millennials (75.5 million) have edged out the Baby Boomers (74.9 million), who are retiring, as the fastest growing group in the United States, with Generation X lagging behind (66 million) (Fry, 2016). By the year 2020, Millennials will account for half of the workforce and their impact on the economic is contingent upon how the economy is doing at that time (Shin, 2015). The Education Testing Service found although Millennials are receiving more education than any other generational group, they may lose their competitive edge against international peers (Twaronite, 2015).

     As and investor, you are overwhelmed with advice in newspapers, magazines, and mailings discussing what to invest in for a successful retirement nest egg, when to start saving for retirement and who to invest with. There are millions of people who realize that an investment portfolio for retirement is necessary, but do they really understand the investment instruments and the amount they must invest for tomorrow? The subject of retirement is a fascinating area but it also could be a fuzzy subject without the correct amount of knowledge, understanding and professional guidance. The number one question of concern for individuals facing retirement issues is whether or not they

Before modern technology, men would band together for the protection of their families. History has proven people group together for survival, whether that be warmth, food, or protection. The idea was that a group is stronger and more profitable than one person acting alone. Each tribe or gathering of individuals working together is considered a society. A society is nothing more than a group of people living together for a common purpose, or simply because it is more convenient. But, if all societies were thriving entities, then we would not know the hardships that have repeated throughout history, such as, poverty and famine. On the contrary, a society that works well is a society that works for the well-being of its individual members. A high functioning and successful society is built on a foundation of trust and equality and enforced by a governing body.