Financial stability is one of the core human needs to live fulfilled lives. It’s necessary to have multiple backup plans to make sure you have financial freedom and can provide for yourself and your family. Whether you want to establish a comfortable retirement or buy a new house, investing is a fundamental part of economic well being. Holding stocks, securities, bonds, or anything in value can help you achieve more certainty over your money.
However, when it comes to practice, it’s not as simple as it seems; therefore, additional assistance always comes in handy. Investment portfolio management service is one of the popular choices among novice investors. Such a business aims to take the workload off your hands and make asset administering less stressful. However, we won’t talk about regular investment portfolio but instead cover virtual asset portfolio management.
A virtual asset portfolio has the same concept as the traditional one, only instead stocks and other assets it controls virtual assets. In general, it’s still a foreign term to many, and we seek to throw some light on it.
If you have a lot of different virtual assets and participate in trading them, virtual asset portfolio managers can be a practical choice, but it comes at the price.
Portfolio managers handle multiple apps, pick investment opportunities, and make asset management effortless. Yet at the same time, you risk losing control over growing those assets at a sustainable pace. Another issue with human managers is biased decision making, especially when it comes to more significant transactions. It can cause a human error and lack of control, which leaves you as an outsider to your own money.
At OSOM, we were wondering what could transform the sector and bring beyond human-led portfolio monitoring experience. After a while, we came up with Robo-advisor. This concept isn’t a new thing: traditional portfolio managers have been using this technology for several years already - however, not that many thought of integrating it to tokenomics.
Intelligent Portfolio with Robo-Advisor
OSOM Robo-advisor is an alternative to human-based virtual asset portfolio managers. It’s a feature that we are developing on the app. It’ll be powered by artificial intelligence (AI) to help you to maintain your digital assets. The software gives impartial advice solely based on algorithms and data collected from your activity and targets. Other than traditional portfolio managers, Robo-advisor is more intuitive and lets you be as involved as you intend.
The idea of Robo-advisor is not new, but not that many existing companies focus on virtual asset management. As the niche is still on its early stage and can get erratic at times, it’s useful to have someone on the side to help you out.
OSOM aspires to make life easier for virtual asset holders. To bring the exquisite experience for our users, we formed a partnership with an established startup InvestSuite to develop the crypto Robo-advisor. The startup has a long experience in designing digital advisor tools, but a virtual asset assistant is the first project of this kind.
The intention to collaborate with experienced counterparts was inspired by some significant clashes that the industry had faced during years. We wanted to avoid an unfortunate scenario by putting in-depth skills and innovative mindset together.
Previous Attempts to Establish Intelligent Portfolio and How’s OSOM Different
As mentioned before, Robo-advisor technology is popular in the traditional assets management, but it’s not that common among virtual asset holders. There’ve been some projects to establish such technology. However, not all attempts have gone as smooth. One of the unfortunate examples is an international banking and asset management group Investec case.
At the beginning of 2019, the asset management pioneer Investec had to shut its Click and Invest digital advisor service, as it couldn’t meet the market’s demands for such products. The service cost £32 million to the company for over two years. And for the rest of us proved that there’s much room for improvement.
The problem with this and similar cases is that companies don’t digitize the whole experience and as a result, leave human-error. Another issue is close ties with the traditional financial system, which cuts out the advantage of robotized techniques.
We’ve seen some examples of what happens when people interfere too much with software and instead of developing a helpful tool, turn it to a biased system.
At OSOM, we want to eliminate human-made errors and bring impartial assistance. Our Robo-advisor is aimed to be fully digitized and dependent only on data, not personal preferences.
Manage your Virtual Asset Portfolio with OSOM
Robo-advisor is one of the most anticipated OSOM functionalities. But it would not be possible without our own exchange and digital wallet features and important partnerships with selected players in the market - all of it happening as you read this article. What you can do today is go and start using OSOM exchange - it is designed to support virtual asset to virtual asset and virtual asset to fiat trades, OSOM wallet, currently supporting BTC and ERC20 virtual asset for secure holding, and an all inclusive dashboard to link all your public addresses and exchanges into one.
From painless payments to understanding money - OSOM seeks to provide satisfying user-experience and ensure that our clients feel as confident with their virtual asset management as with any other financial matter.
Earning money is hard, so managing it shouldn’t be. As a modern user, you already have enough on your plate, and stressing about inefficient asset management shouldn’t be one of those things. We get the struggle and aim to combine all features you need to feel confident about your financial well being. No matter, you want to find the best growth opportunities or be aware of monthly spendings, we bring an ultimate OSOM budgeting experience.