Jed McCaleb has the Answers: Stellar and the Financial Service Industry

Cryptocurrencies, something that was previously only seen in science fiction movies, are finally becoming a thing of the present, but it seems a lot of people don’t quite know what to do with this technologies. There are companies that use crypto to trade stocks, there are companies that use it to conduct transactions for virtual goods, and there is Stellar, a company that is bringing positive change to under developed countries.

Jed McCaleb believes he knows exactly where the future of cryptocurrency is heading: the banking industry. As the CTO of Stellar, Jed McCaleb has tweaked and experimented with blockchain technology to create what Stellar is today. Stellar is a non-profit organization, and in the few short years since its creation has brought incredible change to under developed countries. Stellar has made it possible to have banking services in countries like Nigeria, where Stellar has made it possible for 300,000 residents to make use of a transaction service.

Stellar is able to bring these types of services to these parts of the world for a few different reasons. Stellar uses blockchain technology. This open source software is completely decentralized, meaning that instead of relying on a central location to house information, data is stored on multiple systems spread across a vast amount of locations. Another reason that makes these financial services possible is a large decrease in cost when it comes to additional charges and fees. Individuals that couldn’t afford these fees can now participate in the financial industry.

Jed McCaleb is no stranger to the programming world. He has created eDonkey and Code Collective, two other members of the tech industry. A large portion of McCaleb’s past work experience also dealt with decentralized protocols. This puts McCaleb ahead of the curb when compared to programmers that only got into decentralization when bitcoin became popular. His changes to the standard blockchain code has decreased Stellar‘s transaction time significantly.

The Best Ways To Reach Your Investment Goals In 2018

The year 2018 is hopefully going to be just as powerful for investment returns as was 2017. In order to reach that level though, people need to take some personal responsibility to help maximize their own individual returns.

The Oxford Club, which is a worldwide network of people who simply try to find ways to beat stock market averages have put out some ideas for how to do well in 2018 with your investments.

Save More Money

If only all tips were these easy, life would go just swimmingly. Yes, it is pretty obvious that we all need to save more money, but sometimes a good reminder of this is really called for as a jarring way of bringing ourselves back to reality.

Re-Balance Your Portfolio

Those who were invested for 2017 very likely had a great year of returns (unless they bet against the market for some reason). Given that, it is time to take a look at how we can re-balance portfolios to make them even more appealing for the year ahead. This means taking steps to sell off the stocks that have had a nice run-up. Take the profits from those wins and invest them in the things that have not done as well. That is called re-balancing.

Watch Out For Those Investment Fees

It is really easy to think that you do not have to worry about the costs of your investing, but that is just a recipe for disaster. The true of costs of investing can be enormous, particularly if you let them spiral out of control. A lot of people think they have a great grip on things, but make sure the percentages you are paying to have someone else manage your money are not above market averages. If anything, you want to go with low-fee or no-fee funds if possible.