Shervin Pishevar is a respected person in the industry, and he is likely to understand the market more than other people can do. He has been recording tweeting about the economy of the country and the way it has been behaving over the last few years. He did not only record the changes in the market but has some significant insight into the future of the market and what individuals should be prepared to face.
One of the key highlights of his essential information is that the value of the stocks will drastically change to the point that people will not be earning profits in the year 2018 due to significant changes in the market. He notes that 2017 was a different year where individuals enjoyed substantial profits from the market, which is something that they will not be getting this year.
According to Shervin Pishevar inflation has been cited as one of the significant factors that are causing bad trends in the stock market. People are struggling to meet their expenses, paying for goods and services, rather than investing in the stock market. The worst thing is that a significant number of individuals are choosing to sell their stocks to the willing buyer in the market because they want to get the money so that they can pay for their daily needs.
Shervin Pishevar wrote that poor government policies such as low investment in the country have been increasing the demand for goods and services from foreign countries which are leading to a significant imbalance in the balance of payment. There is the low employment of idle resources in the industry such that a substantial number of enterprises are not operating. The issue of low employment in the country is shallow as many people lack jobs, hence, cannot get sufficient funds to cater for their needs.
The bond market, which is purposely used in controlling inflation in the country, has since lost its effectiveness. Shervin Pishevar records that there are other, other strong forces, especially those from other countries have been making bonds irrelevant and that only radical policies can be used in monitoring and controlling the prevailing inflation in the country.
I’d like to highlight one of the most brilliant ideas for making money I’ve ever come across. I first stumbled into the story about David Zalik and GreenSky Credit on Forbes. I then found more information on Bloomberg, the Wall Street Journal and Wikipedia. I kept reading because David has figured out a way to make billions of dollars without any liability, risks or ownership.
Didn’t Finish High School
David was a math genius growing up. His high school identified him as gifted so they sent them off to Auburn University. He founded his first company in college at the ripe age of 14. This taught him incredibly valuable entrepreneurial skills which he was able to apply to GreenSky Credit.
The Auburn University company was simple enough. The math genius was able to build computers from scratch and sell them to students at an attractive price. The company began making so much money that he had to expand. He even dabbled in software before dropping out of school altogether. In fact, many high functioning entrepreneurs don’t survive the college experience because they’re making so much money.
Dropping Out Of College
The guy then went out on a limb for his new idea. He gathered up all of his family’s property in Georgia in order to use it as collateral for a $10 million startup loan. He then went to work on his most incredible idea — the GreenSky Credit app.
This simple app has allowed him to amass a $2.5 billion fortune. He’s not even satisfied with that much money. His idea revolves around the homeowner which is the most profitable demographic in the United States.
He crafted a brilliantly easy-to-use app that connects homeowners with the financial products they seek in order to make home improvements. The app fills out most of the application with a scan of a drivers license. Approval takes place in seconds which puts contractors to work.
Contractors advertise the app to get more work. In exchange, they cut GreenSky Credit a portion of the profits. Traditional banks fulfill the loans and take all risks. In exchange, the banks share some of their profits. This gives the financial tech company no risk, no ownership and plenty of profits.