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Power to the People: Five Investing Apps Making Stock Trading Easy

It’s been quite volatile in the online stock trading sector over the last few weeks. An investor group of millions, known as WallStreetBets on Reddit, caused stocks like GameStop to suddenly skyrocket. Banded together on social media, investors bought the stock in bulk after it was targeted as a short seller. Not only did this force GameStop’s stock to rise, it also forced Wall Street hedge funders to buy more. Despite the fact that GameStop has been struggling, it suddenly enjoyed a boom in value. This was all because investing apps like Robinhood make it easy for all to trade stocks.

The combination of social media and online stock trading apps looks to be a powerful one. Many investing apps like Robinhood are available today, and many have easy-to-use features for the novice investor. But likewise, social media offers a mobile and accessible forum to share insights and respond. In essence, this looks to be taking power away from Wall Street and empowering the average Joe. Never before has it been so easy to trade stocks, much to the dismay of some hedge fund traders.

“[GameStop Stock] is about sending a message. … For all the recessions [Wall Street] caused. For all the jobs and homes people have lost. For all the people that can’t pay for college because minimum wage has stagnated while wall street gets rich. For all the retail traders they left holding the bag. For all the times they got bailed out with our tax money while we got nothing.” – WallStreetBets member on Reddit

How Online Stock Trading Apps Caused the GameStop Turmoil

Access to information offers power, and that’s exactly what allowed Reddit investors to trigger the GameStop debacle. Citron Research, and others, routinely publish information about stocks that hedgefunders plan to short sell. This means hedge fund traders sell off shares anticipating the stock price will drop. They then buy the shares back at a lower price, earning notable value. WallStreetBets, however, spoiled their plans as the group of 6 million investors began buying GameStop stock. This drove the price up instead of down. It also forced hedge funds to repurchase their stock to avoid long-term setbacks, which further increase the stock price.

A group of people about to be gored by a rampaging bull
It’s now easier than ever to play the market thanks to these online stock trading apps.

Investors using online stock trading apps didn’t purchase GameStop only to mess with Wall Street. Many believed recent changes at GameStop provided reason for hope in the near future. But for others, they enjoyed exerting some muscle against their Wall Street counterparts. Because anyone can use investing apps like Robinhood, previous barriers to financial success are fewer. And since GameStop’s stock prices boomed, similar scenarios have played out all over the world. This is the impact social media and online stock trading apps are having.

“Robinhood has actually been adding a tremendous amount of new accounts, both leading into the past week, but also experienced record growth during some of the most challenging days operationally this past week.” – Devin Ryan, JMP Securities analyst

Numerous Online Stock Trading Apps from Which to Choose

Over the last several years, a variety of investing apps like Robinhood have emerged. Certainly, Robinhood has received a great deal of attention recently because of the GameStop situation. In fact, the Menlo Park-based Robinhood had over 600,000 downloads in a single day afterwards! With such dramatic shifts in stock prices, Robinhood found itself seeking investor and credit supports. And undoubtedly, it will be strengthening its capital resources and technology infrastructures as a result. But it’s not alone. Several online stock trading apps will likely be looking to do the same in the near future.

  • WeBull – This China-owned is one of the popular online stock trading apps currently. It allows users to trade in stocks, options and ETFs with no commissions of contract fees for online stocks. It also requires no minimum deposit either. It is nearly as popular as investing apps like Robinhood, having over 800,000 downloads in January alone.
  • Sofi – Though not as large as investing apps like Robinhood, Sofi remains a great choice. Sofi requires only $1 as a minimum deposit, and it trades in stocks, ETFs as well as cryptocurrencies. (For more on cryptocurrency and its regulation, check out this Bold Business story.) Sofi charges not fees for online stock or ETF trades, and there is only a 1.25% markup on cryptocurrencies. It boasted 121,000 downloads in January.
  • TD Ameritrade – This is one of the well-known online stock trading apps that offers a wide variety of services. It requires no minimum deposit, and for online stock, ETF and options trades, it has no commission fees. However, broker-assisted trades cost $25, and options contracts have a 65-cent flat fee. Regardless, TD Ameritrade remains popular with 370,000 downloads in January.
  • Acorns – This is one of the smaller online stock trading apps and is referred to as microinvesting. It only costs $1 a month, and it is clearly geared more toward saving. For example, Acorns allows you to invest change from debit card transactions on a regular basis. It is also extremely easy to use, which is why it is gaining in popularity.
  • eToro – Many investors state eToro is one of their favorite online stock trading apps. For one, it has no trading limits. This makes it look attractive compared to investing apps like Robinhood who recently restricted GameStop trading. It also has no commission fees and offers a wide variety of research and analysis tools. The downside is it only trades about 1,000 stocks and requires a $200 deposit, however.

Investing Apps Like Robinhood Are Getting the SEC’s Attention

In the aftermath of the Reddit’s group’s activities, several lawmakers have called for deeper investigations. Anything that creates such market volatility deserves attention, and the SEC is monitoring the situation closely. Thus far, the SEC believes such activities are legitimate as long as transparency, fairness, and regulatory compliance exists. But some wonder if we’re now entering a new disruption of financial markets. Certainly, online stock trading apps have been around for a while. But using personal investing apps in combination with social media in innovative ways may be emerging.  If investing apps like Robinhood truly achieve a democratization of investing, then eminent change may be coming. (For more on the personal investing app boom, check out this Bold Business story.)

 

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Leisure Travel Takes a Front Seat – The Future of Airline Travel

Between the months of March and April in 2020, the airline industry took a huge hit. Industry reports suggest this sector alone dropped 86 percent in bookings and revenues as the pandemic took hold. While things have since improved, they are far from rosy. Thirty percent of all commercial airlines remain in storage. Likewise, the entire industry is only operating at half-capacity. Naturally, airline executives hope for some resemblance of normalcy soon, but this is highly unlikely. The future of airline travel is uncertain, and industry leaders are reconsidering their options.

With international restrictions in place due to COVID, both tourism and travel have been affected. (Want to learn more about how COVID has affected tourism and travel? Check out this Bold Business story.) However, leisure travel seems to be returning much faster than business travel at this point. Some, like Bill Gates, suggest that business travel will remain suppressed and stay around 50 percent what it was. With businesses realizing the cost savings and convenience of Zoom and other videoconferencing platforms, airline travel will fall. If this is indeed the case for the future of airline travel, then it’s evident changes will occur. And many top executives are banking on leisure travel to fill the gaps.

“Given the lack of business demand, we’re focusing on leisure travel and providing more service for customers traveling to visit family and friends.” – Brian Znotins, VP of Network Planning, American Airlines

A Focus on Leisure Travel Means New Routes

When business travel was king, airlines needed to make sure they had a notable presence in large metropolitan markets. New York, Chicago, London, Dubai and others were destinations that were non-negotiable. This classic hub-and-spoke pattern of airflight routes required travelers to go through major cities before arriving at smaller locales. But this may not be the case considering the future of airline travel. If leisure travel exceeds busines travel, airlines will quickly accommodate this demand. And as a result, more direct flights to vacation spots will become the norm.

A bunch of business travelers rolling their suitcases along
COVID restrictions have reshaped the future of air travel, with leisure travel now superseding business travel.

These changes are already occurring, indicating how the future of airline travel is shifting. Hotspots in Florida, the Caribbean and Mexico have already seen an increase in direct flights. The same is true for Hawaii and other sunny escapes. In addition, diaspora travel with the pandemic has also increased the amount of leisure travel. Because of this, new routes to New Delhi, Accra, Brisbane and other less common destinations exist. The bottom line is that travelers will have less connections and new opportunities as a result.

“Everything we do stems from demand. The sunshine states are seeing much more travel demand than before, on a relative basis, while it evaporated in the Northeast.” –Ankit Gupta, VP of Domestic Network Planning, United Airlines

Pricing Effects with Airline Industry Changes

Overall airline travel for 2021 is expected to increase by about 13 percent over that in 2020. This is not a big jump by any means, considering the setbacks the industry suffered with COVID. As a result, airlines will have to continue to cut expenses, which naturally means offering fewer flights to customers. Thus, while the future of airline travel might be leisure travel, that doesn’t necessarily mean it will be cheap. In fact, long-term effects will likely mean fewer routes overall as well as higher prices. In this regard, the loss of business travel will be quite tangible for all airline passengers.

Industry gurus who following airline ticket prices note that current airfares are down about a third over regular travel costs. They except such cost savings to extend through the summer. But afterwards, they see the future of airline travel becoming increasingly pricey. With dramatically fewer routes, airlines will no longer benefit from the economies of scale they once did. This will not only force them to raise per-seat prices but likely cut back on other amenities as well. Increases in leisure travel will help, but it won’t be enough to overcome the impact of fewer business travelers worldwide.

“There’s an opportunity for travelers right now. Book now. Once more people are vaccinated and willing to travel, the deals are likely to dry up.” – Scott Keyes, Founder of Cheap Flights

Some Positives About the Future of Airline Travel

While prices will likely climb and route options decrease, some positive changes will also occur. For example, the pandemic has required airlines to be more flexible and forgiving in dealing with flight changes and cancellations. Nearly all experts believe these practices will be an inherent part of the future of airline travel. In addition, some lasting effects from COVID will further improve travel efficiencies. Boarding procedures will improve with less congestion on plane aisles when taking your seat. And contactless systems will remain, making the entire leisure travel process safer and faster.

One of the expected changes to occur with the future of airline travel involves in-flight meals. Rather than airlines offering these services, travelers will be more likely to arrange their meal ahead of time. Vending machines with hot and cold pre-packaged meals will be available for purchase. Not only might this reduce risks of spreading germs, but these may also improve food quality. Even with leisure travel, you might be eating meals more typical of business first-class.

Many Changes, Many Unknowns

The future of airline travel is difficult to predict given the many challenges that still lie ahead. Passenger facial recognition, vaccine passports, and touchless services will become pervasive. (For more on facial recognition scans for international travel, check out this Bold Business story.) Social distancing and mask-wearing will likely remain as a social courtesy even after the pandemic is over. However, it’s clear business travel will be slow to return, and leisure travel will reflect a larger percentage. This will drive airlines to change their approach in attracting customers to the skies. Those adopting strategies that best align with the leisure traveler’s needs will be the ones that excel. And those waiting on the return of the business traveler may simply not survive.

 

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Behold the Office Pod – How COVID Has Inspired Innovative Workspace Solutions

When it comes to the future of offices and workspaces, one thing is clear: they won’t be the same as they were prior to the pandemic. COVID effectively changed how we now work with the majority working from home at least part-time. Videoconferencing has replaced in-office meetings, and digital nomads are ever-increasing in number. (For more on digital nomads and the evolving remote office, check out this Bold Business story.) Understanding this, new workspace solutions are being introduced to address these changes. And one of the most intriguing is what’s now being called tiny, isolated office spaces…better known as office pods.

While office pods are not necessarily new, companies are investing more heavily in their potential today. Different from office cubicles, these workspace solutions provide greater safety in terms of social exposures. Likewise, most new designs offer greater privacy that many co-working spaces don’t allow. Some of the office designs are more stationary in nature while others are more mobile. And some can even be leased out to others when not in use. Given their flexibility and potential for personalization, these trends in workspace solutions may be long-lasting.

“We consider Nooka a new category of coworking space where we share the same principles of flexibility and productive space, but our community is distributed across a network rather than under one roof.” – Leanne Beesley, Co-founder and CEO, Nooka Space

Rentable Office Pods for All

For those if us working from home, there can be a variety of distractions. Pets, kids, and other interruptions are more common in our home environments. Likewise, for many, workplace solutions have been quickly assembled and far less than ideal. Understanding this, a startup based in Romania is offering a great answer to this problem. Nooka Space offers 1- and 2-desk office pods that are free-standing and can be placed in one’s backyard. Their prefab designs can be easily delivered and provide the perfect office space in any location. And with Nooka’s subscription model, users can rent in definitely and even re-rent to others. Using an Airbnb model, the company looks to total disrupt the market for workspace solutions.

The view inside someone's van/office
Lockdown-inspired workspace solutions have put the office on the go.

Nooka office pods come in yellow, orange and blue colors, and they range in size from 97 to 914 square feet. After an initial set-up fee of $1210 USD, rent prices range from $362 to $725 a month. Nooka also encourages users to re-rent most of their models to others to help manage the costs. While Nooka keeps 20 percent of such rental fees, it’s still a great way to get some extra income for the space. All units are equipped with a whiteboard, wardrobe, locking system, and temperature control. And they also are equipped with UV-C lights for disinfection purposes. The company is planning to deliver units in Europe in April with US models to be released in 2022.

Mobile Modular Workspace Solutions

While deliverable office pods to your backyard is innovative, other workspace solutions provide a more mobile option. Imagine your office space was not only isolated and safe but also mobile. That is the vision that Nissan has for its latest conversions to its NV350 caravan. In its cargo area, a modern and futuristic office space offers all one needs to operate efficiently. These spaces are equipped with an ergonomically designed chair, modular desk, and ambient lighting. They also have a clear polycarbonate floor to allow one to see what’s below. And most importantly, the entire office module slides out the rear for an al fresco experience.

This version of the NV350 caravan is designed for a camping type of feel with all-terrain tires and presumably 4-wheel drive. Likewise, in addition to their innovative office pods, they also have a rooftop with modular lounge, side table and umbrella. And the glovebox has its own UV antibacterial light for disinfecting portable objects. One can work inside with shades closed choose to enjoy an outdoor experience. And since it’s a camping van, you can choose to work wherever you wish. Though not planned for the mass market just yet, it shows how office pods are being planned for the future.

“For the past year, (the) coronavirus pandemic has significantly accelerated the work-from-home trend and many office workers are now having a variety of issues working home. Nissan wants to solve these issues by giving those workers more choice of where and how they work.” – Nissan company statement

Other Companies Offering Interesting Workplace Solutions

Notably, Nooka and Nissan aren’t the only companies thinking about future workspace solutions. Others have also recognized the role office pods and alternative office solutions may play down the road. (For more on remote work in the future, check out this Bold Business story.) Some companies are investing more heavily in their coworking spaces because of this. Companies like WeWork and others are thriving in COVID’s aftermath and will probably do so afterwards as well. But coworking spaces are not the answer for everyone. Others demand greater privacy and convenience when it comes to workspace solutions. And this is where office pods can be quite attractive to many workers.

Companies who were already in the tiny home business are also shifting business strategies toward office pods. Estonia-based Ӧöd is a maker of tiny homes that also offers a backyard office pod. The ones it currently markets sell for just under $20,000. Likewise, Modern Shed also now makes a tiny home on wheels that has an upscale office layout. Equipped with a seating area, desk and bedroom, these units go for $129,000. However, neither of these companies offer a subscription-based model like Nooka. If flexibility and mobility are the key, Nooka may have an advantage here.

Mixed Use and Mixed Workspace Solutions

For many larger businesses, anticipating what the future of office spaces will be is challenging. If workers remain at home most of the time, then existing office real estate may need to be reconfigured. Some people will function well at home or at coworking spaces otherwise. But others will like the flexibility that office pods allow. In all likelihood, workspace options will be multiple in the future to accommodate a variety of needs. And sharing these spaces will also become increasingly appealing as a way to minimize costs. In other words, get ready for Office-as-a-Service. And office pods are very likely to be a popular option within this sector.

 

Want to make 2021 a better year than 2020? Then check out PROJECT BOLD LIFE: The Proven Formula to Take on Challenges and Achieve Happiness and Success.