bosco

This is what happens when no one wants to work in technology at old outdate financial services firm.

I have to agree. Why showing the team works for a lot of startups, I don't think it works that well in fintech when dealing with other people's money. Especially when founders look young/list 0 financial experience.

"a critical piece will be solving the first mile problem by making sure that we lower the cost and the effort required of all of us when it comes to transitioning into new payments and monetary systems."

This. Right now the costs to start a fintech company that actually does something disruptive is tremendously high and the regulatory hurdles don't stop. Luckily there are a few startups paving the way but it's still not enough.

The issue is he is telling this story from 2009-today in a frothy market. Yes, historically markets have gone up 9.2% on average over the last 50 years in a balanced portfolio but what happens if he invests from 2003-2008. It's a little different story. It's hard to use long term data for a short term notion.

Going forward, we are in a different environment where 9% might not be the annual return. Interest rates are almost nothing and not going back to late 70's level in the foreseeable future.

A Roth IRA and a 401k are investment vehicles - stocks, bonds, funds are investments. I don't think you quite understand investing which is why Financial Services needs to be disrupted.

You claim it's all a scam but the market has been going up and up over the last 100 years. The scam lies with the advisors and products that charge high fees and are not transparent. Companies like Betterment and Wealthfront are changing the game buy making these fees transparent and putting you in a good diversified portfolio.

The second problem is that like you mentioned saving and investing is only available to people who can afford to save. This is the same thought that 85% of millennials who don't save feel but the reality is, you can. There is just no easy way to do it...yet

https://www.wellsfargo.com/press/2014/20140610_millennials http://stockcharts.com/freecharts/historical/djia1900.html

@hackerboos, I am looking to build something somewhat similar and looking to get some advice. Would you be willing to help?

I sold it on Ebay. My issue is just one of many. No matter what item I sell, the buyer can use for 30days and then return at ease. Even if they receive an item in mint condition and then drop it or break it, all Paypal needs is proof it is broken and they will refund the buyer the money and the seller is SOL.

Where else does business work like that? I can't buy a shirt and wear it for 30 days then ask for a refund when it rips. I can't buy an Iphone and use it for 30 days then ask for a refund when I drop it. I can't buy a car and use it for 30 days then ask for a refund when I crash it.

The way the app works, it auto tags 2-3 people that are in the collage poster that was generated. I believe most of the traffic is generated that way.

pixurwall.com - about 2-3k hits a day generating $20-30 in revenue. Cost 200 bucks to make and has been pretty consistent for over 8 months.

I get what you're saying I was more trying to imply I have a decent fan base and really no product. I just looked at the fb insights and about 75% of the fans are 18-34 and from India.

Likes "are" not a currency. I get that, thanks...but there has to be a way to utilize them.

pixurwall.com/friendsposter - facebook.com/printstreet