My mom asked me, "how shall I invest my money?"
I said: "I don't know”
This was a very startling question for me. See from a young age I was always exposed to economics and finance. At 8 years old, my grandma would ask me to read her stock prices from the newspaper. On my 21st Birthday, when it was legal, I opened my first FX account and threw all my savings into it.
During my University days, I earned enough money from my account to pay for my monthly expenses.
I had all the educational requirements, a Diploma in Banking & Finance, a undergraduate degree in Accounting and a postgraduate degree in Finance.
Yet, I still did not know how to invest money?
At this time I was in the banking sector, many of my friends and mentors were from this circle as well. So when I asked for their advice for what to do, I got technical & philosophical discussions, some with strong opinions and others with years of experience packed behind them.
While I appreciated this, it all changed when I met an old classmate, he was well-educated, incredibly smart, but a non-finance person. He was a creative. He shared his frustration over investing matters and how difficult it was for him.
It was at this point, it clicked, and I started talking to other non-finance people and it was clear. Investing for people like my mom and my classmate was hard because of the current structures in the existing financial system.
Since then i have been on an eToro journey to make finance easier for the world.