This seems to be the only thing that has not been used to try to get folks interested in the alleged new FinTech world.
Beautiful Artisan Investing Looms
Image courtesy of worradmu at FreeDigitalPhotos.net
What do I mean by FinTech? Well you might ask, let’s go with Wikipedia’s view:
Financial technology, also known as FinTech, is an economic industry composed of companies that use technology to make financial services more efficient. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.
Artisan Investing™ would imply: Individual or customized (and naturally highly researched), investing plans and everyone likes to feel like they are not just one of the unwashed masses. Your investing would be taken care of in an Artisan way, using only the best techniques, methodologies and investing concepts. The ETFs used in your profile would only be of the highest quality, and only invest in companies that create the highest quality products.
However, if we view the term Artisan as meaning:
a worker in a skilled trade, especially one that involves making things by hand.
then the concept of Artisan Investing™ is completely ludicrous (of course), since FinTech implies automated or “… not made by hand”. FinTech implies using technology to do things well, since Artisan implies using “tried and true old school methodologies”.
Artisan does seem to be getting tacked onto all sorts of products and services, why not “new” financial technologies, as well?
Happy All Saints’ Day, where we solemly note all the saints, and remember those who have passed away this year as well. You might well ask who is the patron saint of money? I am glad you asked, Saint Matthew is the patron saint of money, as he was a tax collector for the Romans before he became a Christian (oh and Saint Matthew’s day is September 21st). I believe it is also Financial Literacy month, so watch for #FinLit tweets as well.
What spooky and exciting money tweets were there this week? Well just have a look at some of these beauties.
I always like it when Stats Canada has some fun, and they have published a very fun report to read about Halloween related information, a lot of fun this one:
Apple’s Q4 numbers looked quite good
, evidently the hipsters that lover their Apple products continue to keep buying, and any tweet with a Simpsons theme is OK by me as well.
Ellen Roseman wants to make sure we don’t fall for the phony CRA calls that are happening more and more, trying to Phish information from us.
Are you ready for an emergency, Stats Canada (who seems to be stepping up their Social Media presence, so good on them) has some numbers for you on this:
I think in the big picture, we all want to be Preet, as he proves, he lives an exciting life. Can’t remember the last time I used a light sabre at work.
Some of Canada’s leading bloggers pose and show off their pearly whites, no, I am not in the picture.
The Canadian Election is finally within our grasp, but before that there will be plenty of interesting tweets about money and the economy that you should think about before you vote (if you have not voted already).
Heed this advice, make sure you can vote, if you do not vote, you are a fool, and you don’t get to complain. If you can’t vote, find out why, and remedy it.
An actual bank offering robo-advisor services could be a good thing, unless it is programmed to act simply like a mutual fund salesman to buy their own mutual funds. Robo-advisors can be a good idea, but it is only as good as the programmers behind it and the policies and rules that it runs with.
If you think compensation for top executives are somehow under control after the outrages from 2008, you would be sorrowly mistaken. Upper management takes care of their own, and shareholders are the only ones who are going to stop this insanity.
Remember, that teaching your children about money can never start too soon, as Kerry from Squawkfox proudly tells us
Given you have taught your children about money, I think the least they can do is take care of you in your old age?
One last thought from our friends at TVO (please support them), for those of you Planning for Your Retirement, do you know what you are using to exercise on, and where it came from?
At the end of most of the problems in this world you really can just point to greed (yes an over simplification at first glance, but not in my opinion). The root of all evil is not money, the root of all evil is greed, plain and simple. To quote someone, “How many yachts do you need to water ski behind, to be happy?”.
With that in mind here are some of the more interesting money tweets from this first week of October.
Bit of a crossover to my technology & security site, but evidently Scottrade’s security breach has been going on for quite a long time. Are you a customer? Best go check and see how this affects you. How much does security cost, evidently for greedy folks it is an unnecessary luxury.
Friend of this site, and Money Media Maven Preet B. continues to multimedia work with the Globe and Mail pointing out what is important when it comes to choosing a credit card. Greed here? You don’t think credit card companies (i.e. banks) are not Greedy?
Which of the political parties will get power in the next election? Doesn’t seem obvious does it? Greed here? Politician isn’t synonymous with greedy person?
Certainly you can’t be implying that there is greed in the NFL? Well, maybe.
I think the Dalai Lama sums it up nicely for this list of greed tweets
Canada is in the middle of the election that never ends, while the US hasn’t even started their infinite election campaign, but some people are not just talking about policy and hair, and here are some more interesting tweets that I saw this week, and maybe some folks you should add to your twitter feed, so you can take advantage of their short points.
If the finance minister has problems in the election, he can always retire and become a personal finance blogger ?
Ignorance when it comes to your credit is always a very worrisome thing to read about, and this is positively petrifying.
An interesting perspective from the New Yorker on the minimum wage debate
Mr. Nader does have a flair in his writing style that always makes it interesting to read his articles, this one is another cracker
I’ll include this one as a public service, because no matter what you think of this inane election, you need to vote and have your voice heard.
A very interesting final thought for a Sunday, well not really, more an ironic view on maps