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Singaporean Bank Pioneers Asia’s First-Ever Crypto Options

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Singaporean Bank Pioneers Asia’s First-Ever Crypto Options

DBS Bank: Pioneering OTC Crypto Options and Structured Notes in Asia

In a groundbreaking move for the financial industry, Singapore’s DBS Bank has positioned itself as the first Asian bank to offer over-the-counter (OTC) crypto options and structured notes. Originally slated for launch in the fourth quarter of 2024, these innovative products are set to cater primarily to institutional investors and accredited wealth clients. This strategic initiative aims to provide a broader array of investment options linked to major cryptocurrencies such as Bitcoin and Ethereum.

The Surge in Cryptocurrency Market

DBS Bank’s foray into OTC crypto options comes at a time of significant growth in the cryptocurrency market. The bank has reported an impressive nearly 50% increase in total market value during the first five months of 2024. This surge is reflected in the rising number of active trading clients, which has grown by 36%, and a staggering 80% increase in assets under custody. Notably, the value of digital assets traded on the DBS Digital Exchange (DDEx) has almost tripled compared to the same period in 2023, indicating a robust appetite for digital asset trading.

Expanding Digital Asset Services

With the introduction of OTC options trading and structured notes, DBS Bank is set to enhance its existing digital asset services. Currently, clients can trade security tokens and cryptocurrencies through DDEx. The new offerings will provide clients with sophisticated investment strategies, allowing them to better manage their digital asset portfolios. Jacky Tai, Group Head of Trading and Structuring for Global Financial Markets at DBS, highlighted that these financial products are tailored to meet the escalating demand from professional investors who are increasingly incorporating digital assets into their investment strategies.

The structured products will offer clients the flexibility to either acquire the underlying cryptocurrency based on specific market conditions or earn dividends on cash. This dual approach not only diversifies investment opportunities but also aligns with the evolving preferences of investors in the digital asset space.

Navigating Regulatory Challenges

Despite its innovative strides, DBS Bank operates within a landscape marked by heightened regulatory scrutiny. Recent months have seen increased enforcement actions from the U.S. Securities and Exchange Commission (SEC) against crypto companies, reflecting a broader trend of regulatory tightening. Critics argue that the SEC’s approach has leaned towards “regulation by enforcement,” creating an environment of uncertainty for businesses navigating the complex regulatory framework.

As DBS Bank continues to innovate in the digital asset arena, it must remain vigilant in adapting to these regulatory challenges. The evolving landscape necessitates a careful balance between fostering innovation and adhering to compliance requirements, a task that is becoming increasingly intricate in the current climate.

The Future of DBS and Cryptocurrency

DBS Bank’s leadership in the Asian banking sector is becoming increasingly evident as it expands its crypto product offerings. The launch of OTC crypto options not only aims to enhance the bank’s product suite but also seeks to promote ethical investing in digital assets. This initiative could potentially set a precedent for other Asian financial institutions, encouraging them to explore similar avenues in the realm of cryptocurrency.

The success of DBS’s new offerings may influence the broader landscape of bitcoin trading and investment across Asia. However, the outcomes of upcoming congressional hearings regarding the SEC’s legislative approach to digital assets could significantly impact regulatory frameworks in the United States and beyond. As the global financial community watches closely, the interplay between innovation and regulation will undoubtedly shape the future of cryptocurrency investment.

Featured Insights

As DBS Bank forges ahead with its ambitious plans, the financial world is poised for a transformative shift. The bank’s commitment to expanding its digital asset services reflects a growing recognition of the importance of cryptocurrencies in modern investment portfolios. With the potential for increased participation from institutional investors and wealth clients, DBS is not just leading the charge in Asia but also setting the stage for a new era of digital finance.

Featured image from CNBC, chart from TradingView

Radiology AI Company Focused on Streamlining MRI Processes Secures $19 Million in Funding

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Radiology AI Company Focused on Streamlining MRI Processes Secures Million in Funding

Cerebriu Secures $19 Million to Revolutionize MRI Workflows with AI Technology

In a significant boost for the healthcare technology sector, Danish radiology AI firm Cerebriu has successfully raised over $19 million in a Series A funding round. This funding will enable the company to further develop its innovative solutions aimed at automating MRI workflows, addressing a critical need in the medical imaging field. The round was led by North Ventures, a prominent Danish venture capital firm, with additional support from Denmark’s Export and Investment Fund (EIFO) and Sagitta Ventures.

The Vision Behind Cerebriu

Founded in 2018 and based in Copenhagen, Cerebriu has quickly established itself as a leader in the integration of artificial intelligence within radiology. The company’s mission is to bridge the growing gap between the increasing demand for MRI examinations and the anticipated shortage of radiologists and radiographers. As the healthcare landscape evolves, Cerebriu’s solutions are designed to enhance efficiency and improve patient outcomes in MRI departments worldwide.

Innovative Products Driving Change

Cerebriu’s product lineup includes two groundbreaking tools: “Smart Alert” and “Smart Protocol.”

  • Smart Alert is designed to detect critical findings during MRI scans, ensuring that urgent cases are flagged for immediate attention. This feature is particularly crucial in emergency situations where timely diagnosis can significantly impact patient care.

  • Smart Protocol takes a more proactive approach by analyzing a streamlined set of images and suggesting the most appropriate next sequences while the patient is still in the scanner. This not only optimizes the scanning process but also minimizes the chances of unnecessary patient recalls, thereby enhancing the overall patient experience.

These products are already being implemented in various healthcare settings across Europe, Asia, and the Middle East, showcasing their global applicability and effectiveness.

Strategic Partnerships and Clinical Validation

Cerebriu is not only focused on expanding its product offerings but is also actively collaborating with industry leaders to validate its technology. The company is currently working with Siemens Healthineers and several leading hospitals in the United States to conduct clinical validations of its solutions. These partnerships are essential for ensuring that Cerebriu’s products meet the rigorous standards required in the medical field and can be seamlessly integrated into existing workflows.

Addressing the Staffing Crisis in Radiology

The need for innovative solutions in radiology has never been more pressing. As Mikkel Rørvig, Partner at North Ventures, pointed out, radiology departments are grappling with a dual challenge: an increasing volume of imaging exams and a shortage of qualified personnel. The global demand for MRI exams continues to rise, placing immense pressure on radiology staff who are already stretched thin. Cerebriu’s AI-driven solutions are designed to alleviate some of this burden, allowing radiologists and technologists to focus on what they do best—providing high-quality patient care.

Future Directions and Expansion Plans

With the recent influx of funding, Cerebriu plans to broaden its product portfolio and accelerate its commercial development efforts. The company aims to enhance its existing solutions and explore new avenues for innovation in the radiology space. The funding will also support the deployment of its software suite, Apollo, which has already shown promise in improving brain MRI workflow efficiency.

Cerebriu’s CEO, Robert Lauritzen, expressed enthusiasm about the funding round, stating, “We are thrilled to announce closing our Series A round, which will enable us to further deploy our software suite Apollo to address the growing gap between the need for MRI exams and the foreseen shortage of radiologists and radiographers.” This commitment to addressing a critical healthcare challenge underscores Cerebriu’s role as a pioneer in the field of radiology AI.

Conclusion

Cerebriu’s recent funding success marks a significant milestone in the intersection of technology and healthcare. By leveraging AI to streamline MRI workflows, the company is poised to make a lasting impact on the radiology landscape. As it continues to innovate and expand its offerings, Cerebriu is not only enhancing operational efficiency but also improving patient care in an increasingly demanding environment. The future looks bright for this Danish firm as it leads the charge in transforming how MRI examinations are conducted and managed globally.

5 Strategies to Earn Money Online Using AI in 2024

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5 Strategies to Earn Money Online Using AI in 2024

Unlocking Income Potential: How AI Can Transform Your Business and Boost Your Earnings

Artificial intelligence (AI) is not just a buzzword; it is a revolutionary force reshaping the landscape of modern business. From streamlining operations to enhancing customer interactions, AI is proving to be a game-changer across various sectors. But perhaps the most exciting aspect of AI is its potential to significantly boost your income—whether through developing new products or enhancing existing business models. In this article, we will explore how AI can help you generate income, save time, and reduce expenses, all while navigating the evolving marketplace.

The AI Advantage: A New Era of Income Generation

AI’s capabilities are vast and varied, making it an invaluable tool for anyone looking to increase their income. With the rise of generative AI, tasks that once took hours can now be completed in a fraction of the time. This efficiency not only saves money but also opens up new avenues for profit. Whether you’re a seasoned entrepreneur or just starting, AI offers a plethora of opportunities to create passive income, launch side hustles, or even establish entirely new ventures.

Two Primary Avenues for Income Generation with AI

AI can help you make money in two fundamental ways:

  1. Augmenting Existing Income Streams: If you already have a business or side hustle, AI can enhance your current operations. For instance, bloggers can leverage AI tools to generate fresh content ideas, optimize SEO strategies, and expand their audience reach.
  2. Creating New Income Sources: AI also allows you to explore entirely new business ideas and side hustles. With the right tools and insights, you can develop innovative solutions that meet market demands.

Let’s delve into specific strategies for utilizing AI to boost your income.

1. Create An AI Chatbot

If you possess programming skills, developing bespoke chatbots for businesses can be a lucrative venture. Chatbots can streamline customer service, assist in sales, and improve internal communication. By marketing yourself as a freelance chatbot developer on platforms like Fiverr, you can showcase your work and demonstrate the return on investment (ROI) your solutions provide. Businesses are increasingly looking for ways to enhance customer experience, and a well-designed chatbot can be a game-changer.

2. Use AI for Course Creation

The online education market is booming, and creating online courses can be a profitable side hustle. AI can significantly speed up the course development process. Tools like Exploding Topics can help you identify trending topics, ensuring your course resonates with your audience. Generative AI can assist in structuring your course content, creating discussion questions, and even generating assessments with tools like Quizgecko AI. This not only saves time but also enhances the quality of your offerings.

3. Develop Your Own AI Product

Why not create your own AI-driven solution? Identify a market need and develop a product that addresses it. With APIs from platforms like Amazon Web Services and OpenAI, you can build applications or integrate AI features into existing products. This entrepreneurial approach allows you to tap into the growing demand for AI solutions, potentially leading to substantial financial rewards.

4. AI Consulting

As businesses increasingly recognize the importance of AI, many are still struggling to implement it effectively. If you have expertise in AI, consider offering consulting services. Tailor your solutions to meet the specific needs of each company, helping them integrate AI into their operations. This not only positions you as an expert but also opens up a lucrative income stream.

5. Use AI on Canva

For those involved in digital marketing or graphic design, AI tools like Canva can revolutionize your workflow. Features such as Magic Design and the DALL-E powered Image Generator can simplify the creative process, allowing you to produce high-quality graphics quickly. This efficiency can free up time for you to focus on other aspects of your business, ultimately boosting your income potential.

Conclusion: Embrace the Future with AI

The possibilities for leveraging AI to enhance your income are virtually limitless. As technology continues to evolve, new opportunities will emerge, allowing you to capitalize on AI’s capabilities. Whether you choose to augment your existing business or embark on a new venture, the key is to stay informed and adaptable.

In a world where inflation and economic uncertainty loom, AI offers a pathway to financial growth and stability. By tapping into industry-specific needs and developing AI-powered solutions, you can position yourself for success in the ever-changing marketplace. Embrace the future of work with AI, and unlock your potential for increased income and professional fulfillment.

Maybank Unveils Strategic Investment in Funding Societies, the Leading MSME Digital Finance Platform in Southeast Asia

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Maybank Unveils Strategic Investment in Funding Societies, the Leading MSME Digital Finance Platform in Southeast Asia

Maybank’s Strategic Investment in Funding Societies: A Boost for MSMEs in Southeast Asia

Singapore, Sept. 11, 2024 – In a significant move aimed at bolstering the small and medium enterprise (SME) sector across Southeast Asia, Maybank has announced a strategic investment in Funding Societies | Modalku (Funding Societies), the region’s largest unified digital finance platform for micro, small, and medium enterprises (MSMEs). This partnership not only underscores Maybank’s commitment to financial inclusion but also aims to bridge funding gaps that many businesses face in the region.

A New Initiative for Digital Transformation

This investment marks the first transaction under Maybank’s new initiative to strategically partner with digitally-enabled organizations across ASEAN. The bank’s approach is designed to accelerate innovation and enhance services for the MSME community, aligning with its M25+ strategic thrust. This initiative focuses on fostering digitalization through ecosystem orchestration, which is essential for the growth and sustainability of SMEs in a rapidly evolving economic landscape.

Funding Societies: A Leader in MSME Financing

Founded in 2015, Funding Societies has emerged as a key player in the fintech landscape, specializing in providing financing solutions to MSMEs. Since its inception, the platform has disbursed over US$4 billion in business financing, positively impacting more than 100,000 businesses across Singapore, Indonesia, Malaysia, Thailand, and Vietnam. The company’s mission is to empower underserved MSMEs, particularly those struggling with cash flow management, by extending credit access and helping them realize their full business potential.

Maybank’s Commitment to Financial Inclusion

Dato’ Khairussaleh Ramli, President & Group CEO of Maybank, emphasized the bank’s long-standing commitment to supporting SMEs, which are often referred to as the backbone of ASEAN economies. He stated, "Our investment in Funding Societies underscores our commitment to driving financial inclusion, in line with our purpose of Humanising Financial Services." This partnership aims to leverage Maybank’s banking expertise alongside Funding Societies’ innovative digital platform, fostering a robust SME ecosystem that promotes sustainable growth.

A Shared Vision for MSMEs

Kelvin Teo, Co-founder and Group CEO of Funding Societies, expressed gratitude for Maybank’s support, highlighting the shared commitment to serving MSMEs in Southeast Asia. He noted that this partnership reaffirms their dedication to providing credit access to underserved businesses, which is crucial for their growth and sustainability. By working together, Maybank and Funding Societies aim to create a more inclusive financial landscape that empowers MSMEs to thrive.

Maybank: A Financial Powerhouse

Maybank is recognized as one of Asia’s leading financial groups and the fourth largest bank in Southeast Asia by assets. With nearly 44,000 employees and an extensive international network of approximately 2,600 offices in 18 countries, including all 10 ASEAN nations, Maybank is well-positioned to drive financial innovation. The bank offers a comprehensive range of services, including consumer and corporate banking, investment banking, Islamic banking, insurance, and asset management, all guided by sustainable and ethical principles.

Funding Societies: A Growing Fintech Leader

Funding Societies has established itself as the largest unified SME digital finance platform in Southeast Asia, licensed in Singapore, Indonesia, and Thailand, and registered in Malaysia. The platform provides around US$1 billion annually in business financing to SMEs and has made significant strides in the fintech space, including the acquisition of regional digital payments platform CardUp and co-investment in Bank Index in Indonesia. Backed by prominent investors such as SoftBank Vision Fund 2 and Khazanah Nasional Berhad, Funding Societies has received numerous accolades, including the Global SME Excellence Award and the MAS FinTech Award.

Conclusion: A Bright Future for MSMEs

The strategic investment by Maybank in Funding Societies is a promising development for the MSME sector in Southeast Asia. By combining their strengths, both organizations are poised to create a more inclusive financial ecosystem that addresses the unique challenges faced by small businesses. As they work together to foster innovation and drive financial inclusion, the future looks bright for MSMEs in the region, paving the way for sustainable economic growth and development.

For more information about Maybank, visit www.maybank.com, and for details about Funding Societies, check out www.fundingsocieties.com.

Best Strategies for Earning Money Online in 2023

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Best Strategies for Earning Money Online in 2023

Navigating the Digital Economy: Five Ways to Earn Money Online in 2024

In 2024, the digital landscape continues to evolve, presenting innovative avenues for earning money online. This year marks a significant shift as mass layoffs across various industries fuel a new wave of entrepreneurs. With companies increasingly turning to automation and artificial intelligence (AI) to streamline operations, many skilled professionals are finding themselves displaced, yet poised to seize new opportunities in the digital economy.

A recent survey of over 1,500 small businesses in the UK revealed that 24% plan to replace certain employees with AI within the next year. This trend is expected to lead to a surge in new entrepreneurs and individuals seeking online income opportunities, particularly from those who have been laid off from IT and marketing roles. As the digital world expands, here are five promising methods to capitalize on its vast potential for generating income.

1. Freelance Work: The Gateway to Online Income

Freelancing is one of the most accessible routes into the online income realm. It requires minimal initial investment and can be a perfect fit for newcomers to the workforce. With advancements in AI, barriers to entry have lowered across various professions, enabling almost anyone to generate income, especially through content creation.

Freelancers can start with simple tasks like article writing or graphic design and gradually increase their earnings as they acquire more skills. However, the challenge lies in the direct exchange of time for money, which can lead to burnout, as income ceases when work does. Despite these challenges, freelancing can serve as a stepping stone for future professional growth and opportunities.

2. Consultancy Business: Earning Based on Expertise

Transitioning from freelancing to consultancy represents a significant professional progression. Instead of being paid for the volume of work, consultants earn based on their expertise, allowing for higher earnings with less task-oriented time. This shift enables professionals to focus on providing strategic advice to clients.

For example, many SEO specialists operate as independent consultants, often earning more than their agency counterparts. According to a study, self-employed SEO consultants earn between $50,000 and $250,000 annually, depending on their client capacity. While this earning potential has its limits, it can be significantly enhanced by establishing an agency and expanding the business with additional employees.

3. Create a Digital PR Agency: Capitalizing on Media Demand

The demand for high-quality digital PR services is on the rise, making the establishment of a digital PR agency a promising venture. Digital PR agencies can charge clients between $6,000 and $20,000 for a single campaign, depending on the scope and reach of the media placements.

To succeed in this field, it’s crucial to assemble a team capable of crafting captivating campaigns and gathering compelling data. However, competition is fierce, with journalists receiving numerous pitches daily. Building long-term relationships with journalists and publishers can help your agency stand out and secure valuable media placements.

4. Blogging: A Passive Income Stream

Blogging offers a more passive yet intriguing method of income generation. Unlike traditional models, this approach doesn’t require trading time directly for money. Successful bloggers can earn through various channels, including display advertisements, affiliate marketing, and sponsored posts.

For instance, one entrepreneur shared their experience of generating income through their blog, which they eventually sold for a six-figure sum. Diversifying income streams can make blogging a less risky venture. For those interested in affiliate marketing, focusing on high-yield products, such as health supplements, can lead to lucrative returns, especially as the market continues to grow.

5. Become an Online Personal Trainer: Tapping into the Wellness Boom

The wellness industry is projected to be worth $8.5 trillion by 2027, presenting a significant opportunity for those passionate about fitness. In the U.S., online fitness coaches earn between $52,000 and $93,000 annually, making this a lucrative path for aspiring trainers.

Online personal training thrives in the digital age, allowing coaches to meet the demand for personalized, remote fitness coaching while reaching clients globally. With the right marketing strategies and a solid online presence, personal trainers can build a successful business that caters to a diverse clientele.

Conclusion: Embrace AI and Adapt to the Future

As you explore these avenues for generating income online, don’t overlook the role of AI in enhancing efficiency and saving time. AI is not merely a trend; it is an integral part of the present and future of business. Adapting to AI technologies will be essential for staying competitive in the ever-evolving digital landscape.

In summary, whether you choose to freelance, consult, start a digital PR agency, blog, or become an online personal trainer, the opportunities are vast. The key is to leverage your skills, embrace innovation, and remain adaptable in this dynamic environment. The digital economy is ripe with potential, and now is the time to seize it.

SIP vs. Lump Sum Investment in Mutual Funds: Which Strategy Works Best in Today’s Market?

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SIP vs. Lump Sum Investment in Mutual Funds: Which Strategy Works Best in Today’s Market?

Navigating the Volatile Waters of Mutual Fund Investments: Strategies for Investors

The stock market is a dynamic entity, often characterized by fluctuations that can leave investors feeling uncertain and confused. In recent times, the market has experienced significant volatility, prompting mutual fund investors to reassess their strategies. With fears of a potential market correction looming over high valuations, and a bullish phase creating a dilemma regarding investment choices, it’s crucial for investors to understand how to navigate this complex landscape.

Understanding Market Volatility

The recent performance of the Nifty50 index, which crossed the 25,000 mark before dipping to 24,000 and then rebounding, exemplifies the unpredictable nature of the market. Such fluctuations can be unsettling, especially for mutual fund investors who are trying to balance the desire for returns with the need to mitigate risks. The question arises: how should one approach asset allocation during these turbulent times?

The Importance of Asset Allocation

Asset allocation is a fundamental principle of investing that involves distributing investments across various asset classes to optimize returns while managing risk. According to Thomas Stephen, Associate Director and Head – Preferred at Anand Rathi Shares and Stock Brokers, “Asset allocation should not be based on market situations. It should be based on one’s risk-taking ability, the tenure of investments, and finally on one’s liquidity needs.”

This perspective emphasizes that investors should focus on their individual circumstances rather than reacting impulsively to market conditions. By aligning asset allocation with personal risk tolerance, investment horizon, and liquidity requirements, investors can create a more resilient portfolio.

Diversification: A Key Strategy

In a volatile market, diversification becomes even more critical. Stephen suggests that investors should diversify across all asset classes based on their risk appetite. For those with a longer investment horizon, the current encouraging macroeconomic indicators and India’s growth outlook suggest that increasing exposure to equity mutual funds could be beneficial.

Among the various categories of equity mutual funds, sectoral and thematic funds have recently shown strong performance. For instance, pharma and healthcare funds delivered returns of approximately 6.33% in August, while small-cap funds yielded 2.33%. Multi-cap and large-cap funds also provided respectable returns, indicating that there are opportunities across different segments of the equity market.

Choosing the Right Mutual Funds

Given the current market conditions, investors may wonder which types of mutual funds to consider. Stephen recommends focusing on large-cap oriented strategies, such as Large Cap, Flexi Cap, Multi Cap, and Large and Mid Cap Funds. These funds are better positioned for long-term wealth creation, as they emphasize quality investing over momentum investing.

In 2024, infrastructure sector-based funds have led the return charts, with some funds achieving returns as high as 48.33%. For instance, the HDFC Defence Fund, which focuses on the defense sector, has delivered a remarkable 44.35% return. Such performance highlights the potential of sector-specific funds in a diversified portfolio.

SIP vs. Lumpsum: Which Investment Mode to Choose?

Another critical decision for investors is whether to invest through a Systematic Investment Plan (SIP) or a lumpsum investment. Stephen advocates for a staggered approach via SIPs or Systematic Transfer Plans (STPs) to mitigate the impact of market volatility. This method allows investors to spread their investments over time, reducing the risk of entering the market at an inopportune moment.

Conclusion: Making Informed Decisions

In conclusion, mutual fund investors navigating a volatile market should prioritize a well-thought-out asset allocation strategy based on their risk appetite, investment horizon, and liquidity needs. Diversification across various asset classes and a focus on quality investments can help investors weather market fluctuations.

As always, it’s essential to conduct thorough research and consider expert recommendations when making investment decisions. For those seeking guidance, resources like the Economic Times provide valuable insights into the best mutual funds to invest in, tailored to individual circumstances.

Investors are encouraged to remain informed and proactive in their investment strategies, ensuring they are well-prepared to face the challenges and opportunities that the market presents. If you have specific queries or need personalized advice, consider reaching out to financial experts or platforms that specialize in mutual funds.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own and do not represent the views of The Economic Times.)

6 Online Side Hustle Ideas to Boost Your Income

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6 Online Side Hustle Ideas to Boost Your Income

Embracing the Digital Economy: 6 Online Side-Hustles to Boost Your Income

In today’s highly digital economy, the job market has become increasingly competitive. With the rapid advancement of technology and the rise of remote work, individuals are no longer confined to traditional job roles. This shift means that you don’t have to wait for a layoff or a career crisis to explore new opportunities. Instead, you can proactively seek out remote jobs or develop side-hustles that align with your interests and skills. Whether you’re looking to supplement your income, pursue a passion, or gain experience in a new field, there are plenty of online side-hustle options available. Here are six engaging ideas to consider alongside your 9-to-5 job.

1. Online Tutoring

The demand for online education has skyrocketed, making online tutoring a versatile and rewarding side-hustle. With a vast audience eager to learn, you can teach a variety of subjects, from mathematics and English to specialized skills like cooking, visual content creation, or art. The beauty of online tutoring is that it requires minimal investment—just a laptop or smartphone and a stable internet connection. You can dedicate one or two hours per subject, making it easy to fit into your schedule. As you gain experience and build a clientele, you may even consider turning this side-hustle into a full-time business.

2. Freelance Writing

Freelance writing is one of the most popular online side-hustles, offering flexibility and creative freedom. As a writer, you can craft blog posts, articles, scripts, or short-form content for various clients, including businesses, media outlets, and creative agencies. Payment structures vary; you can earn per piece or receive a monthly retainer. Platforms like Fiverr, Upwork, and Freelancer provide access to international projects that often pay well. If you have a knack for editing, you can also offer your services as a freelance editor, helping clients refine their content and improve their overall quality.

3. Affiliate Marketing

Affiliate marketing is a lucrative online side-hustle that allows you to earn commissions by promoting products and services. By joining affiliate programs from platforms like Amazon or Flipkart, you can select products to endorse and incorporate affiliate links into your content. Whether through blog posts, product reviews, or social media, every time someone clicks on your link and makes a purchase, you earn a commission. This side-hustle is particularly appealing for those who enjoy content creation and have a knack for marketing.

4. Social Media Influencing

In the age of social media, having a strong online presence can translate into significant income opportunities. Brands are increasingly seeking micro-influencers to promote their products and services. To succeed in this side-hustle, choose a niche that resonates with your interests—be it fashion, beauty, food, career advice, or finance. Create high-quality, engaging content to attract a dedicated audience. Monetization can come from sponsored posts, affiliate marketing, and long-term partnerships with brands. Additionally, social media platforms often offer payment for posts once you reach a substantial follower count.

5. Graphic Designing

Graphic design is a highly sought-after skill in today’s digital landscape. If you have a creative flair and proficiency in design software, consider offering your services on a freelance basis. You can create logos for startups, design engaging social media graphics, and develop user interfaces for websites and mobile apps. The demand for visually appealing materials is ever-growing, and you can find clients through freelance platforms or by promoting your work on social media. With the right skills and a portfolio, graphic design can become a lucrative side-hustle.

6. Stock Photography

If you have a passion for photography and a collection of stunning images, stock photography could be the perfect side-hustle for you. Choose a niche—such as food, nature, travel, or lifestyle—and capture high-quality images that resonate with potential buyers. Upload your photos to stock photography websites like Shutterstock, Getty Images, or Adobe Stock, where businesses and individuals can purchase them. Each sale can generate passive income, making this an appealing option for those who enjoy photography and want to monetize their skills.

Conclusion

The digital economy has opened up a world of opportunities for individuals seeking to enhance their income and explore new passions. Whether you choose online tutoring, freelance writing, affiliate marketing, social media influencing, graphic designing, or stock photography, the key is to find a side-hustle that aligns with your interests and fits into your schedule. With just a few hours each day, you can embark on a rewarding journey that not only supplements your income but also enriches your professional experience. Embrace the possibilities and take the first step toward your new side-hustle today!

Experts Share the Top Gold Investing Strategies for Today

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Experts Share the Top Gold Investing Strategies for Today

Gold Investing Strategies for 2024: Expert Insights

Gold has always been a favored asset among investors, and as we move through 2024, it is making headlines for all the right reasons. The spot price of gold has reached unprecedented heights, peaking at a record $2,472 per ounce in July. This surge has piqued the interest of both novice and seasoned investors, eager to capitalize on gold’s historical role as a hedge against inflation and a means of portfolio diversification. However, before diving into gold investments, it’s crucial to have a well-thought-out strategy. Here, we explore several gold investing strategies that experts recommend for the current market landscape.

1. Buy Gold Coins

One of the most traditional methods of investing in gold is through the purchase of gold coins. Many investors appreciate the security and tangibility of owning physical gold. Gold coins can be acquired from reputable dealers, but it’s important to note that they often come with a markup over the spot price. This means that two coins of the same size and gold content may have different prices based on their market demand and rarity.

Gold coins are typically categorized into two types: bullion and numismatic. Bullion coins are valued primarily for their gold content, while numismatic coins are collectibles that derive their value from rarity and historical significance. Experts generally advise against investing in numismatic coins due to the added complexities in valuation. Instead, they recommend bullion coins as a solid investment choice.

Brandon Thor, CEO of Thor Metals Group, emphasizes the advantages of bullion coins, stating, "Bullion means gold that derives its value solely from its weight, purity, quality, and supply and demand market." He highlights government-minted coins, such as the American Eagle and Canadian Maple Leaf, as particularly attractive due to their universal recognition and limited supply, which enhances their demand.

2. Invest in Gold ETFs and Mutual Funds

For those who prefer a more liquid investment, gold exchange-traded funds (ETFs) and mutual funds present an excellent option. These funds provide exposure to gold without the need to physically store the metal. Gold ETFs typically hold gold assets like bullion or shares in gold mining companies, making them a versatile choice for investors.

Kenny Zhu, an income research analyst at Global X, notes that "Gold ETFs and mutual funds can be attractive options for aspiring gold investors. They offer a level of liquidity and tradeability unmatched by physical gold." However, it’s essential to understand that not all ETFs and mutual funds are created equal. Some may track spot gold prices, while others may leverage futures contracts or focus on gold mining stocks.

Zhu points out that gold miner ETFs can be particularly appealing, as they provide leveraged exposure to gold production, potentially outperforming spot prices. This makes them a valuable addition to a diversified investment portfolio.

3. Open a Gold IRA

For long-term investors, particularly those focused on retirement savings, a gold individual retirement account (IRA) can be an effective strategy. Gold IRAs allow investors to hold physical gold in a tax-advantaged retirement account, providing the benefits of gold as a hedge against inflation while deferring taxes on gains.

However, investing in a gold IRA involves navigating specific IRS regulations and processes. Luciano Duque, chief investment officer of C3 Bullion, advises that while gold IRAs can be a valuable component of a retirement strategy, they can be cumbersome. Investors must work with a gold dealer, a custodian, and a depository, making the process more complex than traditional IRAs.

Despite these challenges, Duque believes that gold IRAs are worth considering, stating, "Any pre-tax investment is worth checking, so I think it is worth it." He emphasizes the importance of working with reputable gold IRA companies to ensure a smooth investment process.

The Bottom Line

Choosing the best gold investment strategy ultimately depends on your financial goals and risk tolerance. If you value the security of a tangible asset, investing in gold bullion coins may be the right choice for you. On the other hand, if you prefer the convenience and liquidity of financial products, gold ETFs and mutual funds could be more suitable. Lastly, for those looking to enhance their retirement portfolio, a gold IRA offers a tax-advantaged way to invest in gold.

As gold continues to shine in 2024, understanding these strategies will empower you to make informed investment decisions that align with your financial objectives. Whether you’re a seasoned investor or just starting, the allure of gold remains strong, and with the right approach, it can be a valuable addition to your investment portfolio.

Ways to Profit from AI Art

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Ways to Profit from AI Art

Right Now is the Best Time to Use AI Art to Make Money

In the past year, the search trend for the keyword "make money with AI art" has skyrocketed, indicating a growing interest in this innovative field. As more people explore the potential of AI-generated art, it’s crucial not to miss out on one of the easiest money-making methods of recent years. While this isn’t a promise of passive income—since some effort is still required—today’s technology allows anyone to create stunning art, regardless of their skill level.

Making money with AI art hinges on two equally important components: generating high-quality images and knowing how to monetize that art effectively. In this article, I’ll delve into both aspects, providing insights to help you seize this lucrative opportunity while it’s still hot.

Creating High-Quality Images

The first step in making money with AI art is ensuring that the images you create are of high quality. In the early days of AI-generated art, many outputs were subpar, often resulting in bizarre and unmarketable images. For instance, human figures frequently appeared with extra limbs or distorted features, making them laughable rather than sellable.

However, the landscape has changed dramatically. With advancements in AI technology, the quality of generated images has improved significantly. Today, with the right tools and prompts, you can create images that are often indistinguishable from those made by human artists.

AI Art Generators

The tools you choose to create your art play a pivotal role in the final output. Here are three top recommendations based on personal experience:

  1. DALL-E 2 (Integrated with ChatGPT): Once a standalone tool, DALL-E is now integrated into ChatGPT, making it easier to use. With a ChatGPT Plus membership, you can generate surreal and imaginative pieces. However, it may struggle with photorealistic images, especially when it comes to human figures.

  2. Midjourney: Accessible via Discord, Midjourney is known for its ability to produce stunning AI art. It allows for specific style matching and image refinement, making it a favorite among artists. However, it does come with some drawbacks, such as visibility of your commands to others and limited customer support.

  3. Jasper Art: This tool has templates for various types of images, including food photography and realistic animals. Jasper allows you to upload your own images, which can be transformed into AI-generated art, providing a unique touch to your creations.

Using the Right Prompt

When it comes to generating images, the quality of your prompts is crucial. The more detailed and specific your instructions, the better the output. However, it’s essential to remember that there are diminishing returns when trying to craft the perfect prompt. Instead of fixating on perfection, start with a manageable prompt and refine it based on the results.

For example, a detailed prompt for a photograph of a woman might include specifics about her expression, the setting, and the lighting. Running the same prompt multiple times can yield different outputs, showcasing the variability of AI art generation.

Refining Your Prompt

Refining your prompts is an iterative process. Start with a basic idea and gradually add details to enhance the output. For instance, if you want to create an image of a coffee cup with a cute duck in the foam, begin with a simple description and then elaborate on the setting, colors, and mood to achieve a more compelling image.

Downloading and Upscaling Your Image

Once you’ve generated a high-quality image, download it in the highest resolution available. If you need even larger sizes for prints or other uses, consider using an image upscaler to maintain quality. However, be cautious not to upscale too much, as this can introduce unwanted artifacts.

AI Image Monetization

Now that you have high-quality images, it’s time to explore how to monetize them. Here are some quick wins and long-term strategies to consider.

Quick Wins

If you want to start making money immediately, consider these avenues:

Marketplaces

  1. Etsy: Known for handmade products, Etsy has become a great platform for selling AI-generated art. With low fees and robust tools, it’s an accessible option for artists.

  2. Redbubble: This print-on-demand platform allows you to upload your designs and sell them on various products. You earn royalties on each sale, making it a passive income opportunity.

  3. Gumroad: This platform simplifies selling digital products, offering marketing tools to help you track sales and build customer loyalty.

Commercial Licensing

Licensing your AI images for commercial use can be lucrative. Upload your images to stock photo sites like Adobe Stock, where you can earn royalties whenever someone uses your artwork. However, be aware that the legal landscape around AI-generated art is still evolving, so consult a legal expert if you plan to pursue this route.

Creating Your Own Services/Products Using AI Images

Beyond selling on existing platforms, consider creating your own products or services:

Freelancing

Platforms like Fiverr and Upwork allow you to offer custom AI image generation services. You can create packages based on the number of images or the complexity of the requests.

Print-on-Demand Products

Using platforms like Teespring or Teepublic, you can create physical products featuring your AI art without handling logistics. This model allows you to focus on design while the platform manages production and shipping.

Designing Greeting Cards and Invitations

Targeting local markets with custom greeting cards or invitations can be a less saturated niche. Research your audience to identify gaps in the market and create unique designs that resonate with them.

Developing Adult Coloring Books

The adult coloring book market is thriving, with a steady demand for unique designs. Use AI tools to generate intricate outlines and publish your books through platforms like Amazon KDP.

Considering the Long Term

Once you find success with these methods, consider developing a long-term strategy. Document your journey and share your insights through an online course or blog. Teaching others how to navigate the world of AI art can be a lucrative venture, especially as interest in AI continues to grow.

Crafty Design Case Study

Matylda Micallef’s journey with Crafty Designs exemplifies the potential of combining AI with personal creativity. By using AI tools to generate initial images and then enhancing them with her artistic touch, she creates unique designs that resonate with her audience. Matylda’s approach highlights the importance of adding a personal element to AI-generated art, ensuring that it tells a story and connects with viewers.

Conclusion

Making money with AI art is an exciting opportunity that requires understanding your unique creative strengths. As technology continues to evolve, your personal touch will set you apart in a crowded market. By leveraging the methods outlined in this article, you can capitalize on the growing demand for AI-generated art and establish yourself as a successful artist in this new landscape. Embrace the potential of AI art, and start your journey today!

The Resurgence of the Mom-and-Pop Investment Strategy

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The Resurgence of the Mom-and-Pop Investment Strategy

The Resilience of the 60/40 Investment Portfolio: A Closer Look

In the ever-evolving landscape of investment strategies, the 60/40 portfolio—a time-honored approach that allocates 60% of assets to stocks and 40% to bonds—has recently come under scrutiny. Reports of its demise, particularly following a tumultuous 2022, have sparked debates among investors and financial experts alike. However, as we delve into the performance and potential of this classic strategy, it becomes evident that claims of its death may have been grossly exaggerated.

A Tumultuous Year: The Case Against 60/40

The year 2022 was particularly challenging for the 60/40 portfolio, marking one of its worst performances in over a decade. Both stocks and bonds faced significant declines, with the S&P 500 dropping over 19% and the Nasdaq plummeting by 33%. This downturn was largely attributed to rapidly rising inflation, which peaked in June 2022, prompting the Federal Reserve to aggressively hike interest rates. As a result, bonds experienced their worst year on record, further exacerbating the losses for the 60/40 strategy, which ultimately declined by nearly 16%.

Todd Schlanger, a senior investment strategist at Vanguard, acknowledges that while it is not unusual for equities and bonds to fall simultaneously—especially during inflationary periods—the magnitude of the 2022 decline was particularly severe. “By 16%, that is one of the worst years we’ve seen for a balanced portfolio like the 60/40,” he notes.

A Resurgence in 2023: The Comeback of 60/40

Despite the setbacks of the previous year, the 60/40 portfolio has made a remarkable comeback in 2023. From January through June, it recorded an impressive return of 22.15%. This resurgence can be attributed to several factors, including a rally in stocks driven by enthusiasm for artificial intelligence and growing confidence in the U.S. economy’s ability to achieve a soft landing. Concurrently, bonds have benefited from expectations of eventual interest rate cuts from the Federal Reserve.

Schlanger emphasizes the importance of diversification inherent in the 60/40 strategy. “It’s been that kind of consistent performer in the past because of its diversification,” he explains. “You’re never going to see it at the top in terms of performance, and it’s never going to be at the bottom either.” This balanced approach positions the 60/40 portfolio as a reliable option for investors seeking steady, if not spectacular, returns.

Understanding the 60/40 Portfolio: The All-Weather Strategy

The classic 60/40 strategy is designed to provide a cushion against market volatility. By allocating 60% of the portfolio to equities and 40% to fixed income, investors can benefit from the growth potential of stocks while mitigating risk through bonds. Traditionally, bonds serve as a shock absorber, often increasing in value when stocks decline.

To enhance diversification, Schlanger suggests spreading investments within the equity and fixed-income portions across U.S. and international markets. A typical breakdown might allocate 60% of stocks to U.S. equities and 40% to international equities, while the fixed-income component could consist of 70% U.S. bonds and 30% global bonds. This diversified approach is what Schlanger refers to as the “all-weather portfolio,” capable of weathering various market conditions.

Long-Term Performance: A Steady Hand

Historically, the 60/40 portfolio has delivered consistent returns over the long term. Since 1997, the average annual return has been approximately 6.7%, with a slightly lower average of 6.2% over the past decade, even accounting for the challenges faced in 2022. Schlanger believes that the current environment is conducive to a more balanced outlook for the portfolio’s future performance. With bond yields now significantly higher than the below-average returns of the past decade, he anticipates that bonds will play a more substantial role in driving overall returns moving forward.

Tailoring the Strategy: Not One-Size-Fits-All

While the 60/40 portfolio has proven to be a resilient strategy, it is essential to recognize that it may not be suitable for every investor. Individual risk tolerance, investment goals, and life stages play a crucial role in determining the appropriateness of this approach. For younger investors, such as those in their 20s, a more aggressive allocation—potentially as high as 90% in equities—may be advisable due to their longer time horizon to recover from market downturns. Conversely, retirees or those nearing retirement may prefer a more conservative allocation, with only 30% in stocks to prioritize stability and income generation from bonds.

Schlanger emphasizes the importance of adapting investment strategies to individual circumstances: “Investors go through different life cycles, and their risk tolerance evolves with time. We’re not here to say that the 60/40 is right for everyone.”

Conclusion: The 60/40 Portfolio’s Future

In conclusion, while the 60/40 investment portfolio faced significant challenges in 2022, its recent resurgence and historical performance suggest that it remains a viable option for many investors. With a diversified approach and a focus on steady returns, the 60/40 strategy continues to offer a balanced way to navigate the complexities of the financial markets. As always, investors should consider their unique circumstances and consult with financial professionals to determine the best strategy for their individual needs. The 60/40 portfolio may not be dead; rather, it appears to be adapting and evolving to meet the demands of a changing economic landscape.

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