Let’s talk about the Zimbabwe Stock Exchange, Crypto Portfolios, and the Educational System. Now just as there are fees charged by brokers for trades made on the ZSE, if Zim was a bit more open minded and made some technological improvements, fees could be made for cryptocurrency trading occurring in Zimbabwe on different crypto exchanges. Government needs to look at this as an opportunity. This would allow for government to benefit and hopefully these benefits would go towards economic improvements and not just line peoples pockets. But the benefit of the doubt needs to be given if we are to move forward with this technology. In addition investors would benefit as there would be more growth, adoption, and awareness of cryptocurrencies through this.
Verification to trade on the ZSE is done with supplying a broker with a certified copy of your ID and a proof of residence, filling out a CSD form, and filling out a mandate form. Your account will be opened in 2-3 days, no account opening fees. But whether or not you would want to do this is debatable. The ZSE in my opinion is the home of insider trading, and the whole establishment is just very, very dodgy and suspicious if you ask me. It really is a shame but no one seems to care too much. I’d be interested to hear your thoughts on the ZSE.
Apple was the first company in the world to be valued at 1 trillion dollars - 767 billion pounds. They have been around for quite some time. It’s going to be interesting to see how crypto companies fare when they go public.
The education system doesn’t prepare us for or teach what to do to get ourselves financially secure. In America, Colleges are stupid expensive. 1 in 4 adult Americans are paying off student loans. I was speaking to a friend a few weeks ago, he had calculated that he had spent over half a million dollars on school fees. Granted he has 3 children, all private schooled, but the point remains. Schooling is expensive. As we progress, skill sets too are progressing, bear this in mind.
What I have taken away from this and what I want to share is that in the grander scheme of things. It is really really important to educate ones self on the principles of financial security and even prosperity. Educating yourself on things that could benefit yourself financially is sooo important.
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