World’s first trillion dollar techco

History is made today with Apple Inc. becoming the first technology company in the world to reach a trillion dollar market value. Although it’s not the first company as some media outlets are reporting as PetroChina briefly hit a trillion dollar market cap in 2007 before the credit crisis.

Nevertheless, I’m ecstatic and happy for Apple. Both as a customer and shareholder that has been able to be part of their amazing journey over the past eight years.

Apple share price has risen 20x (2,000%) from the 2008 lows when it was trading near $10 a share. Today it hit $208 a share!

Here’s a great graph my BBC on Apple’s journey to a trillion dollars:

Lesson: Saving won’t make you rich. Neither will speculating or short-term trading will. Unless it’s your full-time job and even then it’s not as easy as it looks. Be prepared to lose your shirt.

What will make you really rich is supporting and investing in passionate people with great ideas. The “crazies” that are trying to disrupt business models and building real products and solutions that will make our lives better.

Find as many of those crazies as you possibly can. Invest in them early but in small amounts. One of those crazy persons will make it and deliver the 2,000 – 10,000% return making you rich and part of something bigger than yourself. The journey will be just as fun as the destination.

This is not investment or personal financial advice. Informational purposes only. It’s common sense which unfortunately isn’t as common as you’d think. Invest in yourself and learn as much as possible about investing and personal finance. Get a good financial adviser. If you don’t have one or not happy with the one you do have, put in a request at http://www.Advisory.Direct and we’ll help you find one you can trust. (Yes, a shameless plug for our company. But we really do help.)

Listen to my quick 5-minute podcast about Apple’s historic milestone:

Invest in yourself, subscribe to the Dinsider podcast for short and sweet bursts of insights on digital technology, blockchain and emerging decentralised economy: Apple iTunesGoogle Podcasts or Spotify.

UK to become Islamic fintech centre

Islamic financial technology (fintech) companies are aiming to disrupt traditional Islamic banks. Like conventional fintechs, Islamic fintechs face similar challenges dealing with regulatory challenges, hiring and retaining talent, raising funds from investors, acquiring customers and expanding into other regions.

At the Innovate Finance Global Summit held in London last month, Islamic fintech was key topic of discussion at a roundtable hosted by Bahrain Economic Development Board and attended by thought leaders from both Bahrain including the recently launched Fintech Bay accelerator and representatives from the UK Islamic Fintech Panel. The roundtable discussed ways to support the success and development of Islamic fintech companies in the two countries.

Photo credits: Bahrain Economic Development (Innovate Finance Conference)

Innovate Finance is an independent membership association that represents the UK’s global FinTech community. Founded in 2014 and supported by the City of London and Broadgate, Innovate Finance is a not-for-profit that advances the country’s leading position in the financial services sector by supporting the next generation of technology-led financial services innovators.

Considering the UK is second only to Malaysia with the number of Islamic fintechs according to IFN Fintech, it is no surprise that in addition to Bahrain, representatives from Abu Dhabi and Dubai fintech accelerators were exhibiting at the Summit showcasing the opportunities available at their centres for UK fintechs.

This article was first published in Islamic Finance news Volume 15 Issue 17 dated the 25th April 2018.