Copy
View this email in your browser
The Skim for Financial Advisors & Investment Professionals
Issue: August 2019
Missed the July Issue? Read Now
  • Markets take a breather, S&P 500 -3.61% off its all-time high of 3,027 and the Nasdaq composite -4.56% from its record high of 8,339.64
  • Bitcoin holds above $11k and in an interview on Aug 9th the notoriously bullish Tim Draper doubled down on his prediction that Bitcoin will hit $250,000 by 2023
Allianz creating a JPM Coin-like payment token 

Germany’s biggest insurance company, Allianz, has been developing a blockchain-based digital token for payments and already uses blockchain for flight delay insurance. 

The token will be pegged 1:1 to the U.S. dollar (USD), according to the firm, similar to JPM Coin that is equivalent to one USD and is also built for “instantaneous” transfer of payments between the bank’s institutional clients. The basic “core” infrastructure has already been built and tested by its business insurance unit Allianz Global Corporate & Specialty (AGCS), according to the insurer. The next step for the project will be a transfer trial. 
Goldman Sachs set to go 'further than ever before' with new digital asset project 

The new operation, which is separate from its business that trades cryptocurrency derivatives, will explore new digital asset opportunities for the bank, according to a new job ad for a Digital Asset Project Manager. 
Asset Managers With $74 Trillion on Brink of Historic Shakeout

Investors have stampeded into passive investments in recent years. Index funds are poised to overtake active management in the U.S. by 2021, according to estimates issued in March by Moody’s Investors Service. Bloomberg News drilled into fee, personnel and performance data across the industry. The analysis reveals just how unforgiving the environment has become for active fund managers, read more on Bloomberg.
Read Past Issues of The Digital Wealth Planner
Have a great week,

Timothy Hooker, AIF® 
Founder of the Digital Wealth Planner

     
Tweet
Forward
Share
     
Subscribe Now
Copyright © 2018  Digital Wealth Planner,
Published by Hooker Digital LLC


All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from the publisher. Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated and there is no obligation to update any such information. Hooker Digital LLC is committed to protecting and respecting your privacy. We do not rent or share your email address. Any investment ideas, theories, or trends shared in this letter should not be taken as personal advice or advice for your clients. The securities mentioned are not recommendations to buy, sell or trade, please consult with your individual investment advisor and only after reviewing the prospectus or financial statements of the company should you make a decision. The Digital Wealth Planner does NOT receive payments for sharing articles or links, nor does it receive commissions or incentives for the media published. Hooker Digital LLC is an independent media company providing journalistic insights and objective perspectives for financial advisors and investment professionals.  

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list
.






This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
The Digital Wealth Planner - Hooker Digital LLC · 242 Allen Lake Dr · White Lake, MI 48386-2403 · USA

Email Marketing Powered by Mailchimp