In last weeks’ articles, our blog highlighted two money masters – the heroic Hans-Werner Sinn and entrepreneurial Emma Sinclair. They both achieved incredible financial wins and were rewarded with our coveted Financial Hero title. However, this week we are turning the Financial Hero on its head and are going to present a Financial Villain, so that we can all take pointers from his greed – Jerome Kerviel!
We have an alternative present for you this Christmas! Instead of filling that stocking for that special someone with a candle or snuggly pair of socks, why not give them their first investment! On the surface, it may not be the present they have always dreamed of but allow a few months to past and they with see how a stocking-filler can turn into a wallet-filler!
The idea of typing in a few personal details to receive a loan in a matter of days used to be the dreams of financial lunatics. However, all praise to those lunatics because the UK is celebrating its 10-year anniversary with Peer-to-Peer (P2P) lending this year. Over the past decade we have seen the introduction of new platforms left, right and centre combined with an incredible growth that has really started to turn heads. One thing is for sure, P2P is here to stay and we couldn’t be happier with that fact.
On the 6th April 2016, QuidCycle and Peer-to-peer are taking a huge step forward. Back in March 2015, the government announced that it would hold talks to discuss whether they should extend Individual Savings Account (ISA) eligible investments to include debt securities and equity offered by companies via crowdfunding platforms (known as investment-based crowdfunding) – so that means your investments into QuidCycle! This is all in line with the government’s commitment to increase the choice of investments available to ISA investors and improve competition within the banking sector.
As we kicked off our Financial Heroes bonanza with our main man Hans Werner-Sinn, we thought we would jump over to the opposite gender for our next installment. After reading a brilliant article by Emma Sinclair in City AM, in which she pushed for investment to be more prominent in our culture, we did a little research: Turns out she is an absolute Financial wizard and has claimed Financial Hero/Heroine for our second edition.