Meet Daniel Sigal - a finance guru with a heart for community. He began online community Millenial Wall Street to get more millennials in the finance conversation - especially about the rise of cryptocurrency!
Your genius space is definitely finance -- and now, cryptocurrency. What's your best advice for people who want to get involved in the cryptocurrency space?
This goes for all asset classes and any kind of investment or venture one considers getting involved in; research. Tons of research. My best real-world example; a few years ago, two of my friends studied Bitcoin and cryptocurrency for 6 months before touching it, and only once they understood the depths and potentials, they exchanged dollars for Bitcoins, built Bitcoin-transacting businesses, and started mining. While they were early adopters and received a significant amount of coins at a low dollar value, they did not go in blind. DO NOT GO IN BLIND. Conduct extensive due diligence.
Tell us about Millennial Wall Street.
Simply put, Millennial Wall Street (MWS for short) is a finance think tank. In detail, a place for financial services professionals, retail investors, students, and enthusiasts to gather and discuss investment opportunities in various asset classes, economic and corporate activity, personal finance, breaking into related careers, etc
Why did you start Millenial Wall Street? What's been the best-unintended benefit of a finance community?
MWS was started because I built a personal network of (roughly) 50 people who either work in or shared my interest for investing and finance. The daily and weekly calls, texts, and emails became overwhelming after 3 years, so I centralized things with a Facebook group. I honestly did it to make my life easier, but it started growing organically and recently passed 2,000 members around the world. I have a few admins helping me vet prospective members and posts too. We also just had our inaugural meet up in Los Angeles where I live, and about to host one in New York. I think some members have built personal and professional relationships they otherwise wouldn't have, some have collaborated on investment ideas and research, many get their personal finance questions answered, and others find value from the news and content..otherwise they wouldn't stick around.