People who have success are invariably driven from a young age. Alexander Wallin takes this to the next level: he became proficient at surfing the stock market and making trades at the age of 14, using money earned from a job at an Ice Cream kiosk to eventually double his investments.
According to saccny.org, he became so successful that he developed a portfolio that paid for his education in San Diego. This then led to an interest in crowd-sourced investments, and ultimately an interest in building a social investment platform.
Today that initiative is known as Sprinklebit, which has held major partnerships with global banks, including access to over 7 million users through links to one of the largest banks in the Nordic region, Swedbank. Although that agreement has ended, the company is now working to enter the giant market of China.
Sprinklebit works by encouraging people to follow, learn from “and even copy” experienced investors; manage their investments with tools to leverage the financial wisdom of crowds, and explore investment alternatives. Users can even follow Wallin’s trades live and find out what his thought process was when taking decisions.
Forbes reports that SprinkleBit raised $10m in funding in January 2016, and for the full year 2015, median returns for users were 35%.Tags: investing, Markets, Stocks, Sweden