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Multi-Millionaire John Zhang Explains the Vision Behind ‘Invest Like a Billionaire’




John Zhang, an alumnus of the prestigious NYU Stern School of Business and entrepreneur, is a man on a mission. Founder of WealthGap, a robo financial advisory app, Zhang aims to help reduce the wealth gap by offering the opportunity to any individual to invest in hedge fund-like portfolios and reap benefits like a billionaire.

Quizzed on his mission statement, “Invest like a billionaire,” Zhang explains, “Investing in a hedge fund on Wall Street requires a minimum capital of 10 million dollars. With the opportunity available only to wealthy individuals, it has contributed to increasing wealth disparity in society. The app aims to encourage and help regular people invest in the best financial products with the propensity to prosper and live a quality lifestyle.”

With WealthGap, one can invest in portfolios for a minimum investment of 5,000 dollars, 0% performance fee, 1% management fee, and no investment lockup period, thereby making it attractive, especially to millennials and high-income professionals. The robo-advisor uses advanced software to assess the changes in the market and consumer behavior, builds the portfolio, and manages the assets based on the capacity of risk tolerance and goals to be achieved; thus, translating to higher long term returns.             

Speaking of his inspiration for the business, Zhang states, “It has always been my dream to launch an asset management firm and make money for my clients. After graduation, I had interned as an investment analyst before launching a real estate firm, Luxari, in 2015. Catering to affluent individuals in Manhattan provided me with the opportunity to network and extensive insight into the untapped market that would be ideal for my platform.”

As the trend of robo financial advisors continues to soar, WealthGap is set to be a game-changer and make a significant impact on the future of investment.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Winners and Losers in the Digital Economy




Businesses around the world were forced to move to an online economy due to the COVID 19 pandemic. However, not all businesses will be able to make that shift and thrive. If you deep dive and take a look at the digital economy, you will discover winners as well as losers. Lets take a look at some of the winners and losers.

Winners of digital economy

  • Telecommunication companies

Online services are quite popular among people out there. Thats because, we use our internet connections and phones to get most of our work done. Due to the same reason, companies that offer internet and telephone services have a high demand. Telecommunication companies can expect to witness an increase in demand for the services in future. Hence, they are a clear winner of an online economy.

  • Software development companies 

People in todays world prefer to use online platforms to get most of their work done. For example, we take a look at the online stores when we want to buy something. It is a convenient method available to get a product delivered without having to go out. To cater this demand, businesses have started getting their online selling marketplaces developed. Numerous improvements are done to those online marketplaces to deliver a better experience to the customers. On the other hand, digital economy has forced employees and students to continue with their work from home.  This has also created a massive demand for the services offered by software development companies. Hence, software development companies are a clear winner of the online economy.

When you go through IB Economics Paper 1 Sample Answers, you will figure out how the businesses can thrive when they have an increased demand. All the businesses that belong to the above-mentioned industries have a high demand. Hence, they can get the maximum returns out of digital economy.

Losers of online economy

Now you have a clear understanding about the winners of online economy. While keeping that in mind, it is worthy to take a look at the losers of online economy as well. Here are some of the businesses that will probably take advantage out of digital economy to ensure their business success.

  • Businesses in the hospitality industry

Businesses that exist in the hospitality industry, such as hotels, theme parks and even airlines will fail to thrive in a digital economy. They operate businesses, which cannot be taken online with ease. Along with the development of a digital economy, most of the people prefer to stay at their homes and get work done. This is creating a negative impact to the businesses in hospitality industry. Thats because those industries need people to move.

For example, we can see how the large scale conferences, trade shows and exhibition are now taking place online in the form of online conferences and virtual trade shows. This has led the companies in hospitality industry towards major revenue drops. As you can learn from Econs Tuition, businesses that have a drop in demand will not be able to sustain in the future, unless they go for transformations. However, the transformations available for businesses in the hospitality industry are also limited, due to the nature of business operations that they run.

  • Child care services / adult care services

Child care services and adult care services are another loser in an online economy. We could see how these businesses receive lots of financial support during the recent past because of the impact created by COVID 19 pandemic. They are experiencing a significant drop in their revenues as of now. Some of the operators are even forced to close down their facilities.

In a digital economy, people are provided with the chance to get most of their work done while staying at home. For example, people dont need to go to office to get work done. Due to the same reason, they can work from home and take care of their kids and seniors. This leads all the businesses that offer adult care services and child care services to lost business opportunities.

Final words

As you can see, there are winners and losers in a digital economy. Losers should focus more on how to get the maximum out of new business opportunities created with the online economy. Then they will be able to innovate and ensure the survival of businesses in the long run.

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