At Integra Partners, we believe that becoming an asset owner is key to economic empowerment.
Naval Ravikant, the founder of Angel.co, aptly describes in this podcast: “wealth is assets that earn while you sleep”, meaning that the only way to grow wealth is to have other people work for you, i.e. to own equity in other people’s businesses.
During the last 18 months, the ability or inability to be an asset owner has been one of, if not the key driver behind growing wealth disparity. As asset prices have soared across the board, the owners of assets, whether equities, real estate, or cryptocurrencies, have thrived. Most of these people are knowledge workers and, to put it bluntly and overly simplistically, “we” have all been sitting at home in lockdowns toggling between Zoom, our brokerage accounts and crypto wallets seeing our wealth increase.
Unfortunately, the vast majority is not benefiting. Blue collar workers all over the world, and certainly in emerging South and Southeast Asia, live paycheck to paycheck in the best of times. Whilst the benefits of compounding small and consistent investments are well known, these people (until recently) did not even have a viable way to make such investments and become asset owners. Brokerage accounts have long been the privilege of the mass affluent.
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Written by Christiaan Kaptein, Partner at Integra Partners. Illustrated by Theodore Ng, Analyst at Integra Partners.