According to my recent article in Fintech Futures, “From Wild West to crypto best: How compliance separates cowboys from champions,” the world of crypto is about to change with the work of the Financial Action Task Force. One of the most powerful standards-setting bodies, the task force is expected to require regulators to instill recognizable…
I profoundly believe that there is no one without mistakes and nobody is infallible. Mistakes are common especially when it comes to investing. I am quite certain that there is no successful investor that did not make a mistake at one point in time or the other. To an investor who is a finance professional,…
As an accomplished entrepreneur, I think one of the most frequent questions I get from enthusiasts and students is, “Maxim Bederov, from an entrepreneur’s standpoint, what steps do you think a prospective self-employed person should take for a profitable venture?” or even more personal questions like, “Maxim Bederov, I would like to start a business…
It’s easy to see successful entrepreneurs and admire the life they live, but the secret that is so unknown to many admirers is that entrepreneurship is not the glamorous career path everyone actually thinks it is. It’s not always about the big ideas and ideals, neither is it about hopes and dreams. There is so…
I believe everyone has been in this situation once or twice before. When the alarm clock rings in the morning and I just want to hit the snooze button to spend some extra minutes under the covers. Yes, a good sleep is beneficial, but everyone knows that you can’t can achieve so much by oversleeping…
As I said in one of the last blog posts, I see electronic payments as much more convenient, cheaper, faster and more up-to-date than paying with cash. Regulation and controllability in the positive sense, bring the greatest advantage and many more. Money is a resource. Whether it is now used for the good of society…
Germany is definitely a developing country from a current perspective. I like to remember my last trip to China: a lady from the village has sold her home-made tartlets. Besides that, she had two phones lying. Because: The tartlets were buyable via QR code! But that is not an isolated case. If you enter a…
Cash is an obsolete model no matter how much we still emotionally cling to it. The fast pace of time, digitization, and the advances in artificial intelligence technology will make it unimaginable in the foreseeable future that retailers will continue to spend their money on us, and we’ll even have to go to a cash…
“At last! We’ve been waiting a long time! “, Was that your thought a month ago or now, when you were once again alerted to the rising gold price, by me, the diligent Maxim Bederov whose blog posts you are reading? The gold price climbs again to new heights and I, as a passionate mountaineer,…
Not because of my two decades of experience I like to write about money, but because I love giving other financial knowledge to the hand. It is very important to me that others can expand their wealth in the long term and thereby make their lives happier. Successful asset accumulation begins with planning …