If you’ve never considered investing, you are not alone. A lot of emotions can be tied up with a topic as sensitive as money.
Money is a basic necessity so it can be traded for everything you need. As with everything, our fear of loss is greater than our motivation to win. And considering that the little most people know about these matters is focused on the negative side of things reported by the news, it’s no wonder that a lot of us are put off from the idea of investing.
But as they say, no one ever got rich on savings alone.
And even if you are not planning on getting rich, there’s no reason you shouldn’t at least look into some options that could boost your current situation.
Take a look at Iban Wallet
Out of the many options out there, Iban Wallet may be one of my favorite ways to get started.
This Fintech company manages a digital marketplace of financial products, running a digital platform that is very simple to use.
On the investment side, they operate as an intermediary to the loan process. You, as an investor, provide your funds as capital. The platform arranges a connection with loan originators that underwrite and issue loans to borrowers. In exchange, these borrowers pay interest, a part of which is paid to you.
The sign-up process is straightforward, and only takes you a few minutes to complete. You can access it both through their website or on their mobile apps (IOS and Android).
Straight off the bat, registering gives you automatic access to the Iban Account product, which I find ideal to start with.
What an Iban Account gets you
- 2.5% projected interest rate;
- Balance updated daily;
- Minimum capital at just $1/€1;
- Possibility to request withdrawals at any time;
- No commissions or service fees;
- Risk mitigation measures (asset-backed loans, buyback guarantee and a Safeguard Trust)
Because of this, you are able to test the many features of the platform before you become more invested into it.
If you wish to, after topping up your Iban Account, you are able to access other investment products available on the platform.
How is it possible?
Iban Wallet’s operation is very technology-centric, aiming for efficiency at a low cost. As there is no traditional financial institution pumping up the costs, rates are beneficial to both lenders and borrowers.
As for loan originators, these charge higher rates than those they offer Iban Wallet, and that difference is their bread and butter. From there, they are able to cover operational and marketing costs, and get their profit margin.
Can anyone invest?
As we said before, investing is more global than before, and this is certainly the case for Iban Wallet.
While their operations are not available to every single territory, their coverage is still pretty impressive. You can check here before investing if your country is available. Bear in mind that the relevant factor to consider is your nationality, and not your country of residence.
It is normal that a lot of people have some reservations towards investing, but this is something that should be approached from a place of rationality, rather than one of fear. When what is at stake is how much you can count on in the future, you owe it to yourself to explore what options are available to you and what you can do to improve your situation.
Solutions like Iban Wallet are an awesome place to start. Just remember that you should never stop learning.