A new website, http://www.amuktrade.com, introduces an online virtual
trading game in which users can experiment with financial asset management,
pricing and trading, especially with quick pricing and trading of large,
illiquid financial assets
NEW YORK, Aug. 19 /PRNewswire/ -- What if a homeowner, facing
foreclosure, can sell off his ownership interest in his home in shares,
instead of having to sell his home or lose it entirely? What if, instead of
selling 100% of his ownership interest in his home, he can sell, for
example, 49% of his ownership interest to investors, individual or
institutional, so that he can keep his home while freeing up his money to
invest elsewhere?
While selling and buying fractional ownership interests is increasingly
common in commercial real estate and also for vacation and second homes,
this is not so for single family homes, where this is more urgently needed.
An overwhelming majority of home owners have an overwhelming part of their
financial investments locked into their homes, here and all over the world,
causing financial distress in a down real estate market.
The biggest problem with trading shares of large, illiquid financial
assets like real estate, small business, collectibles and many financial
instruments and contracts, is that individually they are too small,
compared to the public companies, to have a large number of stocks issued
by them, while on the other hand, they are all individually unique so that
collectively they are not fungible like company stocks to allow quick
pricing and trading.
Through its innovative virtual trading game involving daily cashless
exchanging of shares of all types of financial assets to enrich and
diversify investment portfolios, and its equally innovative daily pricing
of all assets calculated from daily price estimations of assets submitted
by users, http://www.amuktrade.com is inviting users to find new ways for
quicker asset pricing and investments trading.
On the website, users can also showcase their real and created virtual
fantasy financial assets, with images, and learn and experiment with
financial asset management. Users can also learn about all types of
financial assets from all over the world. The website is using current Web
2.0 technology to innovate finance, especially residential real estate
finance, which, in some ways, is unchanged from medieval times when
mortgages started.
Contact:
Anna Mukhopadhyay
Amuktrade.com
718-263-2883
anna@amuktrade.com
See Also:
- Apollo Real Estate Advisors Increases Capital for U.S. Debt Fund
- Standard & Poor's Announces May Results of the S&P/GRA Commercial Real Estate Indices (SPCREX(TM))
- rue21 is On the Move in NY
- Freddie Mac Prices New $3 Billion Five-Year Reference Notes(R) Security
- Standard & Poor's Announces May Results of the S&P/GRA Commercial Real Estate Indices (SPCREX(TM))
[Via Real Estate Newswire]
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