Jack of all trades
Web3 will raise more jack of many trades and that's good. Still curious? We will delve deeper. We are gradually entering a world where a single career pursuit may not count but rather skills. We must note the difference between 'who are you? And 'what can you offer?'. Maybe the former worked during the era of industrial but the latter is undoubtedly prevailing in this era of information and digital. We have seen technology disrupting several sectors. Spend time on the Internet and you will learn how to build a car from scratch. Are you now a mechanical engineer? At least you could offer primary solutions and that goes a long way.
Let's come back to the world of finance and investing. Have you ever wondered how many investors we have worldwide? This indeed means a lot to the growth of the global economy. Finance and investments are like current flow, that's why it is mostly tagged to currencies but they are assets in general. My little research showed an estimated 60-80 million in the United states, 20-30 million in Europe and 10- 20 million in China ( all retail investors with a general summation of 100-200 million worldwide).
The margin grew smaller when institutional investors and accredited investors where brought to the table. How do you feel to hear figures like 10,000- 20,000 institutional investors worldwide and 1-2 million accredited investors in the globe. Is there no enough funds or a lack of transparent channel to move funds that will help kick the retail, the institutional which help raise more accredited investors. There is a need for decentralization awareness, web3 has the potential that enables individuals develop wide range of skills and expertize. Even not fully expertized, web3 paired with AI can help individual properly navigate the world of finance. So how does this figures relate with 'Jack of all trades?'.
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The world needs a more busy economy which in turn helps in currency(asset) flow. The decentralized nature of web3 can accomplish this by turning most especially retail investors to jack of many trades. This will also help breach the gap of investment especially with a transparent market. What is the population of the United states? Over 340 million. How about China? Feasible research proofs to be over 1 billion. The entire Europe and the rest of the continents are yet to be mentioned, so why should figures like 100- 200 million retail investors be a worldwide estimate. It will only trigger one question, why are they this few?
While many may say, it's more of a small scale investment mostly personal-tagged to individual investors, I would say a no. It is also believed individual investors have risk tolerance and lack financial education. There are points here but this is just the surface of it. When delving deeper, there is one word to use here; 'fairness'. With much risk to take and less rewards in the process, there is an effect of diminishing retail investors. Who pay the highest taxes, who gets the most investment restrictions. It is estimated that retail investors play a vital role in the world economy yet they are always pushed to a tight corner, that's why they side for careers rather than investment skills. The few thousands institutional firms have been crowded by big names.
This is where web3 will fully step in by creating more institutional investors and a more more retail investors who will become jack of many trades. Web3 reliance on transparency, open source and decentralization will give retail investors a chance to leverage their salaries and earning as the case may be. Do you know how much funds are stuck in the bank by individuals who would have become potential retail investors? The banks have used these funds to feed the TOP institutions and accredited investor industry. Some wait for retirement to touch their hard earned money, this is something we new to look into.
The skills is full time diversified investors
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Rather than rely on a career to make money to only save it because of unfavorable investment conditions for the retails, we should be looking at rewards and equity here. I see web3 triggering a general investment mindset as it will help the retail investors industry to channel funds to unmanipulated and no-restricted platforms to make more money. Would you save money in the bank for 3% annually? First question that comes up is how much do you have as a retail investor to benefit from 3%, definitely not enough. The story is different here from web3 investment platforms, the idea is fair returns( disruption of intermediaries who over charge the system) coupled up with rewards. As I said, when you understand the economics of the web3 ecosystem, investing in many platforms becomes your thing.
Which is more important, what you do or what makes you money? Of Course we love having stream of incomes. In a world of fast moving technology, I will advise you to train yourself to become the Jack. You don't need to even master the skills, the introduction of borderless transactions has brought about borderless investing also. Following financial trends and technological direction is key. As employees begin to fear the possibility of losing jobs it is an opportunity to even benefit from diverse investment sources and web3 inception from blockchain tech is moving this to reality.
To conclude, let me add, the investment figures above are an opportunity for those who know the need of leveraging the financial market. Web3 will raise decentralized institutions that will far outpace this number. For them to thrive depends on their fairness from the former system. As retail investors gain awareness, there will be a shift in focus leading to diversified investment for accumulated substantial returns. Indeed, retail investors will enjoy being called 'Jack of all trades' for they'll become custodian of different investments.
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