Good news for the online economy. The Boston Consulting Group predicts that the online economy will double by 2016 in G20 nations.

Video: Online economy expected to double by 2016

More internet access, especially via portable devices and smart phones, will drive online economic growth.

Technorati Tags: economic growth, G20, online economy, smart phones

Photo credit: Valparaiso Indiana at Dawn by MinimalistPhotography101.com

Elias Crim writes in ValpoLife that local investing might be the way to save community businesses and explains how people are coming together to form “crowdfunding” investments.

… (F)rom your local base you can know (local businesses) and even invest in them, maybe for 10% of your portfolio. In exchange for accepting some geographical risk and probably a lower return, you get the satisfaction of supporting local job creation (that’s how it’s really done, folks!), having a stake in the community and helping to sustain it long-term.

Local investing (or locavesting), while not recommended to be a sole investment strategy, does offer a way to diversify investments in an era where many trades are made by automated algorithms disconnected from anything but mathematics and to possibly save endangered communities passed over by modern finance.

Technorati Tags: community, economy, job creation, local investing, locavesting, ValpoLife

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