DomaCom to integrate with major real estate platform
One of the major real estate platforms has entered an agreement with DomaCom which will see its property listings integrated into DomaCom’s crowdfunding platform. In an ASX announcement, DomaCom said it has entered an agreement with Domain which will connect Domain’s vast property listing data with DomaCom’s crowdfunding technology. The agreements will also see Domain’s market intelligence integrated into the DomaCom Crowdfunding platform in order to provide analytics to investors. DomaCom said the arrangement will help the platform target the consumer market directly, particularly the Generation Y market. Once a campaign starts, DomaCom said its crowdfunding platform facilitates external independent due diligence on the selected property bringing additional rigour to […]
Nucleus Wealth the latest kid in the superannuation block
The universe of new-broom superannuation funds is expected to expand further in 2018 with Melbourne-based Nucleus Wealth among those expected to enter the increasingly crowded sector. Nucleus launched a tailored separately managed account service last July and, with $14 million under management, 140 clients on board and 1500 individuals in the process of signing up, hopes to introduce a super iteration of the service by July this year. In so doing Nucleus will join a growing list of young funds, such as Grow Super, Spaceship, Zuper, Human Super and Tomorrow Super, hoping to grab market share off the long-standing incumbents, which collectively control about $1.6 billion of retirement savings. Head […]
Artificial intelligence has arrived in investing but humans are still dominating
Machines are starting to take the place of the people who flip burgers, drive across town and, lately, manage stock portfolios. Artificial intelligence is taking on a bigger role in making investment decisions. AI, including an ability to analyse data and actually learn from it, is considered useful in executing certain investing models, such as high-frequency trading, and in helping fund managers with tasks that rely on gathering and interpreting reams of information. Going a step further, an exchange-traded fund introduced in October uses AI algorithms to choose long-term stock holdings. It is too early to say whether the AI Powered Equity ETF will be a trendsetter or merely a […]
Launch of new crowdfunding investments
If you feel you missed the cryptocurrency boom, never fear. One of Australia’s financial watchdogs may have just handed you the possibility of picking another winner. The Australian Securities and Investments Commission (ASIC) has launched the crowdfunding market for investing in new companies with the announcement of the licensing of seven companies authorised to provide crowdfunding platforms. But remember, investing in new companies is highly risky and not something you should be doing with money you cannot afford to lose. The new crowdfunding market works like this. The platform providers will connect investors with companies that want to raise capital and individuals will be able to get exposure for as […]
Milestone for equity crowdfunding in Australian with ASIC licence approval
OnMarket will be one of the first businesses in Australia to raise capital this year through ‘the crowd’, following the Australian Securities and Investments Commission’s approval of its equity crowdfunding licence. Equity crowdfunding brings entrepreneurs and retail investors together for the first time and is only now possible following today’s licence approval. Equity crowdfunding enables Australian retail investors to contribute as little as $50, or as much as $10,000 in a business. The new licenses follow federal legislation announced last year. OnMarket will bring investment opportunities through Australian businesses to ordinary Australians through its online platform and app. Investors will be connected to Australian businesses like Revvies, which […]
Equitise launches Australia’s first Equity Crowdfunding with Neobank Xinja
Australians will be able to invest as little as $50 in emerging startups and small businesses with the launch of Equitise’s new equity crowdfunding offering. Equitise has secured Australia’s first retail equity crowdfunding licence through ASIC, with neobank Xinja becoming the first company to raise capital from the public. Investors will be able to invest as little as $250 in Xinja, with a minimum target of $500,000 through Equitise, as a part of the neobank’s current fund raising round ahead of its 2018 product launch. Equitise co-founder Chris Gilbert said before now, this early stage investment was only available for high net worth investors or venture capitalists. […]
What is an ETF?
Some investors spend days if not weeks deciding whether buy a stock. Most people’s goal is to find stocks that will provide good returns, but many people don’t have the time nor expertise to pick stocks. ETFs or exchange-traded funds are investment funds that are traded on a stock exchange, similar to stocks. ETFs that track an index are one alternative that provides diversification, at lower balances, lower transaction costs, and with flexibility. When investing in an index ETF, your returns usually depend on where the broader market goes, rather than individual stocks. An ETF holds the underlying assets of the fund, which could be stocks, commodities or bonds as […]
This Australian tech investor will be the first ASX-listed company to mine cryptocurrencies
Fatfish Internet Group will become the first ASX-listed company to “mine” cryptocurrencies such as Bitcoin. Unlike fiat currency which is issued by a central bank, Bitcoin is created or “mined” with high-powered computers and special software used to solve math problems. Singaporean tech investor Fatfish is sinking $US1 million ($1.28 million) into a new Malaysia data centre set up to mine cryptocurrencies. It will start operation in two weeks. Fatfish (ASX:FFG) would own 51 per cent of the business and receive its profits in cryptocurrency, said CEO Kin Wai Lau. Fatfish was initially approached three months ago to invest in the business but only became interested after Bitcoin values surged […]
