Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

BridgeFT Launches WealthTech API to Power Digital Wealth Transformation by Creating a New Cloud-Based, API-First Infrastructure for Data, Analytics, and Applications

BridgeFT

BridgeFT, a cloud-native, API-first Wealth Infrastructure software company that enables financial institutions, FinTech innovators, and registered investment advisors to deliver better, data-driven outcomes for their clients, announced today the launch of WealthTech API, a WealthTech-as-a-Service platform offering a single, open API to trade-ready, multi-custodial data, analytics, and applications. In conjunction with the launch of WealthTech API and to amplify the cloud-native, API-first focus of the company, Bridge Financial Technology is also formally rebranding to BridgeFT. BridgeFT’s WealthTech API empowers clients to reimagine the potential of their financial data and technology stack, using the power of the cloud. As the industry’s only API-first, cloud-native wealth infrastructure platform, WealthTech API removes the need for individual data feeds from a range of custodians and back-office providers, allowing wealth management firms and FinTech companies to create differentiated, next generation wealth management applications. “Technology should solve problems, but legacy systems and unwieldy tech stacks add complexity, cost, and confusion,” said Joe Stensland, Chief Executive Officer of BridgeFT. “WealthTech API allows for a new approach to innovation by allowing firms to control their own digital experiences without having to build cumbersome functionality and infrastructure. This new, turnkey architecture is a true accelerator, allowing firms to more easily create novel investment-driven solutions, expand or enhance existing functionality, and bring innovative ideas to life, faster.” Custodians hold a range of data that drives the investment ecosystem, from positions and balances to client holdings and trades. Each individual custodian has its own data policy, structure, and systems, forcing FinTech companies and other financial institutions to build custom programs for each custodian to ingest the data. This adds both development time and cost. By simplifying access to the underlying data, WealthTech API allows financial innovators to rethink and streamline their own tech stacks and create differentiated tools and solutions for their own clients with BridgeFT’s applications and developer-to-developer support. Among its core features, WealthTech API: Represents the first platform to deliver trade-ready, accurate data from multiple custodians through a single API. Removes virtually all need for manual reconciliation. Provides data enrichment to deliver powerful performance calculations, insights, and analytics across all accounts, no matter the source. Streamlines channels to support investment product or strategy distribution. Eliminates the time and resources typically spent on in-house custodial data aggregation. Empowers mission-critical business applications like billing and client reporting. “We are in an era of unprecedented technological growth in financial advisory and asset management,” Stensland said. “Financial technology innovators deserve a WealthTech-as-a-Service solution partner that moves at the speed of their own innovation. Our WealthTech API transforms the way clients can access and maximize the most critical financial data, helping fuel the entrepreneurial spirit in our industry.” About BridgeFT BridgeFT is a cloud-native, API-first WealthTech infrastructure platform that enables registered investment advisors (RIAs), financial institutions, and FinTech innovators to deliver better, data-driven outcomes for their clients. More than 300 leading firms trust BridgeFT to automate critical back-office operations and power their digital wealth management ecosystems—seamlessly aligning essential wealth data, proactive client insights and reporting, and portfolio management automation to deliver a truly personalized client experience. From an integrated advisor platform to flexible, open APIs, BridgeFT delivers the infrastructure needed for success. Reimagine your approach to wealth infrastructure at bridgeft.com. Contact Details Media Inquiries For BridgeFT media@bridgeft.com Company Website https://www.bridgeft.com/

January 24, 2023 08:00 AM Eastern Standard Time

CARNOW, VINCUE ANNOUNCE STRATEGIC PARTNERSHIP TO REVOLUTIONIZE VEHICLE BUYING EXPERIENCE

DealerCue Automotive Corp.

Today, CarNow and VINCUE announced a new, long-term partnership that will significantly impact the automotive industry. The collaboration combines VINCUE’s powerhouse next-gen inventory management platform capabilities with CarNow’s award-winning Real-Time Retail™ platform. As part of the partnership, CarNow will leverage VINCUE Competitive Pricing & Appraisal comprehensive data with CarNow’s Real-Time Retail platform. VINCUE gains access to CarNow’s advanced messaging capabilities, which will further enhance the user experience on the VINCUE dealer website platform. “With technology playing an increasingly vital role in every aspect of business, VINCUE recognized we could accelerate the development of our digital solution with the right partner,” explained Chris Hoke, VINCUE Founder, Chief Executive Officer, and Chief Technology Officer. “We’ve brought together deep skills in business and technology strategy, product ideation, as well as technology development and deployment to help support dealers and their customers across the country.” “The decision to partner with VINCUE was an easy one, as it provided functionality that our dealer partners have been asking for,” said Tim Cox, Co-Founder and Chief Evangelist for CarNow. “This is more than two companies simply integrating products. Our combined values, goals, and strategies are uniquely aligned and we believe this strategic partnership empowers us both to drive far more business impact for our dealers and their customers.” By virtually connecting the two companies, CarNow and VINCUE will be better prepared to address the evolving needs of the market. CarNow customers will benefit from learning their vehicle’s Highest Authentic Value ™ by tapping into the VINCUE database, which indexes more than 40,000 dealer websites on a daily basis. Those who use VINCUE to power their websites will now have the ability to engage with leads in real-time. The ability to instantaneously engage with shoppers at their point of interest, including on their own terms, platform, and device, is proven to increase the opportunity of sale and generate more profits. Leaders at both companies are determined to make the car buying and selling experience easier for dealers and their customers. This integration helps both companies get that much closer to that goal and continues to push others in the automotive industry toward further innovation. Teams from both CarNow and VINCUE will be in Dallas later this week for the National Automotive Dealers Association (NADA) Convention, which is positioned as the top retail automotive event of the year. An average of 10,000 dealerships, including 65% of the Top 150 are expected to be in attendance. About CarNow CarNow is a market leader in digital retailing solutions for the automotive industry. CarNow creates frictionless, real-time enterprise software solutions to facilitate the transaction between dealers and consumers. Through CarNowâs solutions, shoppers receive enhanced virtual showroom services and live support at any time, from anywhere, and on any device. About VINCUE VINCUE is transforming the retail automotive software industry by providing dealers with new, innovative end-to-end inventory lifecycle management and market pricing solutions. This gives dealers access to real-time data and tools in a single system to stock smarter, increase turn, compete effectively, and above all else â maximize profits. Contact Details Chief Marketing Officer Angela Rizzo +1 913-200-3301 angelarizzo@dealercue.com Lou Laste +1 678-492-2737 lou.laste@yahoo.com Company Website https://vincue.com/

January 24, 2023 08:00 AM Eastern Standard Time

Lillypad.ai Reimagines Learning & Improving English for Intermediate and Advanced Learners

LillyPad.ai

LillyPad.ai, a game-changing English learning platform, has officially launched into the international online educational market. It offers intermediate and advanced English language learners the opportunity to read just about anything they love in four interactive ways while testing comprehension and parts of speech in real-time with any content! Millions of people are learning English online every day, and LillyPad has all the tools learners need to reach language mastery. Learners can upload personal books, Word and PDF documents, import blogs, news, web articles, and more, unlocking the notion of predefined content lessons and thereby granting autonomy to students to read, practice, and learn with content that’s important to them. “Next Chapter” technologies are powerful, personal, and simple to use, providing learners with innovative ways to learn efficiently and purposefully while saving time and money. Learners also access a personalized vocabulary feed when reading as every “word” the reader has trouble with, looks up, or translates during a reading session is fed into a personal word library. These “personal words” are then delivered for practice via LillyPad’s learning modules, effectively prioritizing vocabulary learning based on the individual’s curiosity and interests. LillyPad has 10 innovative learning modules, and every activity targets an essential skill set and delivers real value for meaningful progress. “LillyPad.ai reimagines reading and learning for English students. Next Chapter technologies are rooted in the most academically studied and recommended ways to improve any language,” says Genady Knizhnik, co-founder of LillyPad.ai. “We are very excited to see English learners transform their lives with this revolutionary approach.” Ultimately, LillyPad.ai offers English learners a proven pathway to advance their English while incorporating the three essential keys to motivation and successful learning; radical amounts of Autonomy through choice, time, and technique; Mastery, the opportunity to learn and excel with any content of interest with essential learning modules integrated, and Purpose, whether to grow their confidence, career, or grades. To learn more about LillyPad.ai visit their website at https://lillypad.ai or read their blog https://blog.lillypad.ai/. ABOUT LILLYPAD.AI LillyPad.ai is a game-changing English learning platform for all ages. Whether you are a native English learner or an English Second Language student - LillyPad is the “Next Chapter” in English learning. Rooted in the most academically studied and recommended learning methodology the platform is programmed for hyper-personalization focusing on an individual’s curiosity and interests - no two journeys are the same. LillyPad’s international team strives to adopt reflective, real-time action to deliver meaningful and lasting change for its members. Contact Details Durrell Communications Katherine Hill +1 306-515-3611 katherineh@durrellcomm.com

January 24, 2023 07:00 AM Eastern Standard Time

Image

Microban International to Showcase Groundbreaking Technologies for Plastics at PLASTINDIA 2023

Microban International

Microban International is thrilled to be attending PLASTINDIA 2023, one of the largest international exhibitions for plastics. The show – which is in its 11 th year – will be taking place at Pragati Maidan in New Delhi from the 1 st to the 5 th of February. It remains an important date in corporate calendars across the world, with the PlastIndia foundation inviting manufacturers, consumers and investors to come together to support innovations in the plastics industry. Microban is currently the only global antimicrobial technology brand to be exhibiting at this year’s show. The company’s expert team will be showcasing a wide range of unique antimicrobial formulations for plastic materials, including two next-generation products based on non-heavy metal ingredients – LapisShield ™ and Ascera ™. LapisShield is a broad-spectrum antimicrobial technology designed to seamlessly integrate into any water-based coating formulation, inhibiting bacterial growth by up to 99.99 %. Ascera – a pioneering chemistry inspired by nature* – delivers proven antibacterial protection for moulded polymers and solvent-based coatings. These exclusive new technologies demonstrate the company’s continuing drive to deliver more sustainable solutions that fight microbial growth, helping to protect treated plastic surfaces from stains, odours and premature degradation, and prolonging their useable lifespan. Microban technologies will be of interest to PLASTINDIA 2023 attendees from a wide range of disciplines, including visitors from the automotive, construction, homeware and electronics industries, as well as packaging producers and manufacturers of medical devices and surfaces. Come and talk to the team at Booth B-03 on the ground floor of Hall 4 to discover how these innovative antimicrobial solutions can benefit your specific product application. Book your meeting with Microban here to ensure you don’t miss out! * The Microban ™ technology used in this product is similar to acids found in nature and is used in multiple consumer product applications. About Microban International Part of Barr Brands International (BBI), Microban International is home to the most trusted and well-known global brands in the antimicrobial, odour control, and sanitisation / disinfection markets – Microban® and Ultra-Fresh®. Our organization has experienced over 100 collective years of growth and has revolutionised the industry. As the global leader, our proactive systems keep products cleaner, and control odours better by preventing problems before they start. Microban International drives innovation by combining science and creative solutions that enhance high-quality consumer, textile, industrial and medical products around the world. Today, the Microban and Ultra-Fresh brands and our technologies are featured on thousands of products worldwide. The company is headquartered in North Carolina with operations in North America, Europe, and Asia Pacific. For more information, please visit www.microban.com. © 2023 kdm communications limited Contact Details Microban International Audrey Jestin +44 1480 405333 ideas@kdm-communications.com Company Website https://www.microban.com/

January 24, 2023 05:30 AM Eastern Standard Time

Image

Minuteman Press Franchise in Denver Acquires 31-Year Business A Great American Print Shop

Minuteman Press International Inc

Abel Corral, owner of Minuteman Press in Denver located at 4725 Paris Street, Suite 200, has acquired independent printing business A Great American Print Shop from retiring owner Frank Hibberd. A Great American Print Shop operated in Denver for 31 years. When Frank received a mailer from Minuteman Press, he reached out to Regional VP Jack Panzer. Jack says, “Frank wanted to retire and I told him about our unique ability to help independent print shops sell their business. I connected him with Abel, who had expressed interest growing and expanding his business through an acquisition. I am glad they were able to work out a deal, and I wish Frank all the best in retirement.” On the acquisition, Abel Corral says, “The acquisition came about on the heels of our three year anniversary; this is also our second acquisition in two years. I was looking for a way to grow my business and so I let it be known to Jack Panzer that I’d be interested in acquiring another print shop.” Abel continues, “A Great American Print Shop was strategically located within an area that I already reach and market to and so this acquisition just seemed like a good fit. I really liked that this was an established business with growth potential that I feel my team could capitalize on. The potential upside, close proximity, and perfect timing all came into play.” He adds, “The acquisition included an established client base, paper inventory, some equipment including cutters, and access to Frank during the transition. I expect this acquisition to help increase revenue by 20-25%. Also, this acquisition benefits AGAP’s customers in three key ways: First, we have received all of the previous artwork for AGAP clients to ensure a seamless transition as we serve their print, design, and mailing needs. Second, we will be able to offer promotional products and apparel to AGAP clients, which were not previously available. Third, we will be providing value-added local customer service and client support. Our Minuteman Press location is near Peoria & Interstate 70: 4725 Paris St. #200, Denver, CO 80239, inside the Pinecreek Office Center. We are also offering free delivery to AGAP customers.” Abel concludes, “I’m very grateful that my Regional VP Jack Panzer helped me by presenting this opportunity and helping me through the process. I expect this could be a game-changer for our business.” Abel Corral’s Minuteman Press franchise in Denver is located at 4725 Paris Street, Suite 200, Denver, CO 80239. For more information, call or visit their website: https://minuteman.com/us/locations/co/denver20/ Learn more about #1 rated Minuteman Press franchise opportunities and see Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

January 23, 2023 12:00 PM Eastern Standard Time

Image

PIERCE COUNTY AND COMCAST PARTNER TO BRING HIGH SPEED INTERNET TO KEY PENINSULA

Comcast Washington

Pierce County and Comcast have finalized an agreement that will expand the availability of high-speed internet services on the Key Peninsula. Comcast will construct the infrastructure and make available a fast and reliable fiber-rich network and full suite of services to over 526 Key Peninsula homes and businesses, including multi-gig broadband speeds for residential customers and speeds up to 100 Gbps for business customers. Pierce County is working to facilitate the expansion of broadband infrastructure to underserved areas of Pierce County. This program partners County funding with broadband service providers to build infrastructure for the benefit and quality of life of residents and to enhance economic opportunities for local businesses. The approximately $5 million high-speed internet expansion project is being funded as a public-private partnership between Comcast and Pierce County, with the County contributing $3.75 million of federal funding allocated through the American Rescue Plan Act of 2021 (ARPA). “Now, more than ever, it is crucial that people have access to high-speed Internet,” said Bruce Dammeier, Pierce County Executive. “Whether for work, school or entertainment, we want to help all County residents enjoy the benefits of this important infrastructure.” “Today’s announcement about the expansion of high-speed internet services on the Key Peninsula is an extension of our commitment to investing in and expanding our network to ensure that more residents and businesses across our region have the important broadband connections they need for their educational, professional and personal lives,” said Roy Novosel, vice president of engineering, Comcast’s Pacific Northwest Region. “We are proud to connect these communities with fast, secure and reliable internet service that is built to meet their needs today and into the future.” Once permits are obtained and construction has begun in the public rights of way, Comcast will create an online resource for residents seeking information about the network build in their neighborhood, including answers to frequently asked questions and product and service details. For more information about Pierce County’s broadband expansion initiative please visit www.PierceCountyWa.gov/BoostingBroadband Information about Comcast’s broadband investments in rural communities and the Key Peninsula expansion is available at Rural Broadband Expansion | Comcast Washington. About Pierce County Nearly 1 million residents live in Pierce County, the second largest county in the state of Washington. Our mission is to build strong communities that people are proud to call home. From the top of towering Mt. Rainier to the sparkling shores of Puget Sound, and everywhere in between, Pierce County is an amazing place to live, work and raise a family. Pierce County Media Contact: Erin Babbo, communications manager, 253-442-4452, Erin.babbo@piercecountywa.gov About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Andy Colley andy_colley@comcast.com Company Website https://washington.comcast.com/

January 23, 2023 08:55 AM Pacific Standard Time

CASINO DAYS APPOINTS XPOINT AS OFFICIAL GEOLOCATION PROVIDER IN ONTARIO

Xpoint Technology

Xpoint, the leading geolocation and compliance technology company specializing in North American sports betting, iGaming, and Daily Fantasy Sports markets, has been appointed to provide geolocation technology services by Casino Days, the popular Ontario licensed online casino brand. Casino Days has integrated Xpoint Verify, a geo-verification tool for real-money gaming operators, within its popular digital casino platform allowing its Ontarian users to enjoy safely, securely, and fraud-free. Casino Days is the first online casino brand created by Rhino Entertainment Ltd, an iGaming company dedicated to delivering the greatest casino products and online experience. Casino Days combines mobile functionality with a plethora of fast-loading slots and games from top providers, big bonuses, with professional support and lightning-fast payments, including Interac and cards. “Our goal is to make sure Casino Days provides players with the best online casino user experience. We have partnered with Xpoint to support detection of cases of fraud, false data, spoofing, and device tampering which is key in creating a safe digital space for our users,” added Ross Parkhill, Chief Executive Officer at Rhino Entertainment LTD. “We expect this partnership will serve Casino Days well as we look to grow our brand in Ontario, and we look forward to a long and mutually beneficial geolocation partnership with Xpoint.” “This partnership underlines the appeal of our geolocation technology among established operators, offering flexibility and rapid integration to help market entrants get up and running seamlessly with our location-based intelligence data and essential fraud prevention services,” said Marvin Sanderson, CEO of Xpoint. “Casino Days is a fantastic online casino brand, and we look forward to giving them access to our innovative data and platform.” Xpoint Verify with its geolocation validator software will enable Casino Days to validate GPS position, connections, and device information in seconds. Xpoint Verify sits alongside Xpoint Lite in Xpoint’s product suite, with Xpoint Lite being the go-to geolocation technology solution for fantasy sports and skill-based gaming operators. The two geo-verification technology products provided by Xpoint are live with multiple partners in Canada and throughout the USA, and is one of only two geolocation technology vendors licensed in New Jersey. For more details on Xpoint, please go to xpoint.tech and follow Xpoint on social media via LinkedIn and Twitter. ABOUT XPOINT Xpoint provides essential geolocation security solutions and intelligent location-based marketing insights to the global sports betting and iGaming industries. Xpoint’s innovative Verify and Lite platforms ensures partners meet their regulatory geo-compliance obligations, and deliver enhanced value through the generation of location-based data that can drive marketing programs. Xpoint was founded in 2019 and officially unveiled in Las Vegas in 2021, and is led by the company's CEO Marvin Sanderson, a global sports betting and iGaming industry leader. With North American offices in Toronto, Canada and Miami, Florida, Xpoint is changing the global geolocation market, bringing innovation to an industry that has, to date, viewed geo-compliance as a utility, not a new business opportunity. For more information, visit xpoint.tech and follow LinkedIn and Twitter for regular updates. ABOUT CASINO DAYS CasinoDays.com is the first casino brand launched by Rhino Entertainment Ltd and serves customers across several regions, languages, and currencies with a large variety of top-tier casino games. Rhino Entertainment Ltd is an iGaming company based in Malta with multinational teams, based across Macedonia, Spain, and several other countries. Casino Days is a multi-currency online gaming site operating across multiple licenses and allowing play with EUR, USD, CAD, NZD, PEN, BRL, NOK, ZAR, INR, MXN, TWD, THB, JPY, and also cryptocurrencies, such as Bitcoin, Litecoin, Ethereum and Ripple, where the regulatory conditions under particular licenses allow for this. Visit at www.casinodays.com. Contact Details Xpoint Arisha Nomani +1 305-455-8776 arisha@xpoint.tech Casino Days Roxana Zaharia roxana.zaharia@casinodays.com Company Website https://xpoint.tech/

January 23, 2023 09:00 AM Eastern Standard Time

How FatBrain AI Is Helping Protect Small Businesses From Ransomware Attacks

FatBrAin

By Faith Ashmore, Benzinga Small-to-medium-sized enterprises, also known as SMEs, make up over 90% of businesses around the world and approximately half of global employment. In the U.S., SMEs account for 44% of all U.S. economic activity and produce the bulk of GDP output. These SMEs are heavily reliant on, and often at the mercy of, programs like QuickBooks and Salesforce. 64% of QuickBooks users come from SMEs, and of that percentage. Salesforce has over 150,000 subscribers. While these programs are fantastic tools for SMEs, they are also vulnerable to ransomware attacks. SMEs do not have the same technical expertise, staffing, and secure infrastructure that companies like Microsoft (NASDAQ: MSFT), IBM (NYSE: IBM), and Nvidia (NASDAQ: NVDA) do. Artificial Intelligence (AI) can help bridge the technological divide. FatBrain AI (LZG International, Inc.) (OTCQB: LZGI) is on the front lines of this battle. FatBrain markets itself as “AI for Everyone” and caters specifically to SMEs. The company is focused on simplifying decision-making for SMEs and giving them the power to harness big data and AI to grow, protect and expand their businesses. How Is FatBrain Protecting SMEs From Ransomware Attacks More than 50% of SMEs are expected to experience a ransomware attack, and when this happens, all the data stored on QuickBooks and Salesforce could be lost or at the very least inaccessible for an extended period. For small businesses, this would be devastating and costly. FatBrain has created RansomProof - AI software that can have a real impact on securing a small business’ systems and data and ensure small businesses will be safe. RansomProof is free forever to SMEs because the company believes in leveling the playing field between big businesses and SMEs. RansomProof is simple to use - SMEs simply need to register their QuickBooks and Salesforce accounts with FatBrain’s RansomProof and their data will be backed up daily, 365 days a year; no expensive consultants or advanced technical knowledge required. All data between FatBrain’s servers and the company is encrypted with the highest industry standards (128-bit TLS). Data is kept secure with multiple servers housed in secure data centers that have strict access controls. By ensuring that data is constantly backed up, SMEs can rest assured that even if a ransomware attack comes their way, they are protected and their data is safe. FatBrain is bringing AI to small businesses in a digestible, simple way. To learn more about RansomProof, click here. This article was originally published on Benzinga here. FatBrain AI (LZG International, Inc.; OTC: LZGI) is the first and leading provider of powerful and easy-to-use AI solutions to millions of businesses of tomorrow driving the majority of the global economy, empowering them to grow, innovate faster and savemoney. FatBrain’s innovative solutions transform continuous learning, narrative reasoning, cloud, blockchain and Web3 technologies into auditable, explainable and easy to integrate products. FatBrain’ssubscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud. The AI 2.0 pioneered by our teams is like WAZE for business growth, using advanced peerdynamics technology to automatically learn patterns from individual and peer behavior. This allows us to deliver coached, personalized AI solutions at hyperscale. FatBrain unifies insights from SaaS applications, turbo-charged by peer and market dynamics: 1) Realize attainable goals from explainable peer performance. 2)Turbo-charge human expertise with superhuman AI insights. 3) Accelerate growth through the contributory network effects. 4) Simplify harnessing data across common apps and market signals. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Shawn Carey ir@fatbrain.ai Company Website https://fatbrain.ai/

January 23, 2023 08:00 AM Eastern Standard Time

My Mom’s 100x Return on Real Estate

Elevate Money

Authored by Harold Hofer, CEO and Co-Founder of Elevate Money. 100x. One hundred times more is what my mom’s house just sold for in comparison to what she paid for it 50 years ago. The house didn’t double or triple in value -- it went up 100x from its original value. To be clear, our home was bought for $32,500 in the late 1960s and we sold it for $3,250,000 just a couple of years ago. Two more zeroes. My family immigrated to the States when I was four years old and we began our life here living in apartments. After seven years of living frugally, our dream of homeownership was finally realized in the form of a 1,500-square-foot, 2-bed, 1-bath home built way back in the 1920s. But it wasn’t the age of the house, dated appliances, or curling wallpaper I remember most - it was the backyard. A patch of green that was our very own! No more playing in an alley or on a busy street where the only green you saw was in the cracks on the sidewalk. This space was ours. As luck would have it, the house was located in Santa Monica on the western edge of Los Angeles. Now no one at the time could have anticipated this, but within a few years, the home prices in our beach town skyrocketed and continued to do so in the decades that followed. Buying a house provided our family with physical security, and in the end, also gave my mom financial security. Needless to say, 100x is an incredible investment return! And though not all places will become the next hip place to live, it does showcase how real estate can potentially appreciate consistently and considerably over time. Now you may think how lucky we got, or that this could never happen again in today’s economy; that there is no way a house or any other piece of real estate could go up in value that much again. But I’m here to show you that this big win isn’t as out of reach as it may seem. Two more zeros, hmmm. I wondered to myself, what annual rate of return would it take to grow anything 100x in 50 years? I went ahead and did the math, and the answer is 9.25% (with monthly compounding) or 9.65% (annual compounding). You can try the Elevate Money dividend calculator and see this for yourself (set the initial investment to $32,500, the dividend yield to 9.25%, and turn on Dividend Reinvestment). Then view the return over 50 years. $3,250,000 Honestly, given that the appreciation on my parent's house was so huge, I would have thought the annualized returns would need to be much higher to capture 100x in 50 years. What’s even more interesting is that this annual return was realized solely from capital appreciation. Real estate ownership typically has two components of investment return: income (rental profits) plus capital appreciation (increase in value). My mom’s house was only the latter, meaning the 100x return was not supplemented by someone renting the house from her. She lived in that house for all 50 years. When you factor in both income and capital appreciation, and when you consider the magnifying effect of mortgage financing, achieving a 9.25% - 9.65% annual return on a real estate investment is really not that crazy. With some research, you can find that the annual inflation rate is around 3.5%¹, and dividends for real estate investments historically have been around 6.5%² within a diversified portfolio. This 10% total annual return makes the 100x return more believable, even with today’s real estate prices being much higher than they were 50 years ago! And while not everyone can afford an entire property at this moment, through crowdfunding you can let your money potentially work for you in this same way. Check us out at Elevate.Money to learn about the real estate potential that is available to you with just a few clicks at a very modest cost. Breaking the barriers to entry and giving you power, one investment at a time, starting with as little as $100. WorldData.info From 1979 to 2020 the average inflation rate was 3.5% per year. Millionacres.com Diversified REIT Annualized Total Return from 1994-2020 is 6.8% Elevate.Money, is an investment platform that enables investors to gain exposure to real estate through fractional ownership and get a share of the potential rental income, starting with as little as $100. Real Estate Investing For All. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Elevate Money support@elevate.money Company Website https://www.elevate.money/

January 20, 2023 09:00 AM Eastern Standard Time

1 ... 313 314 315 316 317 ... 613