Best Investment Right Now
Canada and the US are at it again. While the two close allies are at odds, Canada is getting tired of Trump’s threats and looking to Europe to form closer trade ties – practically everything apart from actually joining the EU. Why has this vital relationship gone sour?
The increase in tariffs, as we have seen with Trump’s global tariffs previously, will trigger higher costs, resulting in higher inflation for both countries and sticky interest rates. This affects the dollar’s price and oil prices overall, which affects global inflation.
Gold has been the winner here. As the markets and currencies become more volatile, investors flee to the safe haven of gold. Not just global investors but also many countries are stockpiling gold as a hedge against global market instability.
“Countries are wary of the dollar and see value in holding gold. It is being seen as the new reserve currency of the world right now. Gold should be part of a diversified portfolio.” – Nigel Green, deVere CEO.
It’s not just currencies going through a rough patch; the Magnificent 7 have had a magnificent run, but this year, underperformance seems to be the buzzword. Investors are looking at AI-related companies showing profits, like AI infrastructure and AI energy.
Who will be the winners?
With so much market volatility, it is essential to review your portfolio to ensure you are suitably diversified. Don’t forget gold’s stability to help mitigate risk.
Chat with a financial adviser before making any investment decisions.
Fintech has dominated the Indian market, with Walmart-owned PhonePe and Google Pay being the two biggest payment providers in India. Digital payments are popular payment methods these days, especially for a country where most of the population does not have access to bank accounts.
Fintech has mobilised the masses and brought easy digital payments and banking to the people where traditional banks have not. Fintech is convenient and easily accessible from a mobile phone, even in remote areas of India.
Now the digital payment industry is ready to move on to credit and believes it could be twice as large as the payment market.
Only 15% of adults in India have access to formal credit, which is lower than the global average of 24%.
The demand for small-sized loans in India is on the rise, and digital payment companies already have an established network and infrastructure. The next step is credit.
Could fintech in developing countries be the next ‘big thing’? These markets have remained virtually untapped until recently.
Please note, the above is for educational purposes only and does not constitute advice. You should always contact your adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.