I'm Charles Davis. I make my living as an economist... and spend my time analyzing changes in the global economy and what they mean.
But this is something new and fascinating to me.
Over the course of this series, I'll be traveling around the world... meeting a group of very different people... and exploring a new concept... a more human, intimate kind of economy.
We call it "your personal economy".
Put quite simply, your personal economy is how you use your finances... for all the things that matter to you.
Like any economy, it's complex... dynamic, always changing.
But it responds not just to national or global trends... but your own individual needs.
When I had my first child, and she was born premature-
it was family first or career?
So it was an easy decision for me to just leave work.
[Davis] And so thinking about an economy that responds to individual needs... is where it becomes interesting... because it is shaped by far more human considerations.
Things like the kind of future we want to plan for... family dynamics, the experience we want our loved ones to have as they go through life... cultural and generational influences.
It's about what's important right now... but also what might become important in 10, 15, or even 20 years... as your priorities change.
[Woman] I've always known that I want to live by the beach.
It has always been my dream simply because... I had the privilege of growing up by the sea... when I was a child.
And that's something that I believe that I want to-
I want my children to also experience.
You know, 9:00 to 5:00 is what people see... but what you've gotta do is outside of those hours.
I'm taking trains Sunday night, leaving at 7:00... arriving in Paris at midnight... for a meeting at 9:00 in the morning.
I have this fantasy that I would love to just take... a stack of neuropsych journals and psychology journals... and lay on a beach chair and read all of the journals.
I would love to do that. [Laughing]
[Man] I started dancing late, when I was 18.
I moved to the East Coast... to study ballet.
And did that for a few years- performed professionally for a few years.
And then I joined the United States Marine Corps.
[Davis] I'm intrigued to see what drives these people... and understand the differences between them.
I'm also keen to explore if there are values they share... that perhaps transcend cultural and national boundaries.
As we travel, we'll be meeting with experts... to discuss how the wider concepts of value and wealth are changing.
From the advanced economic hubs of Paris and New York... we pass through Singapore, the main business gateway to Southeast Asia.
Then to the emerging markets of Russia and Dubai... and Brazil-
not just its superstar city São Paulo... but beyond, to its lush, tropical countryside.
So join me as we embark on this journey around the world... and meet some very different people... who share with us what matters most to them.
View Mobile Check Deposit video transcript
Narrator: Picture this.
Now you can deposit a check any time from virtually anywhere using your compatible smartphone or tablet...
And the HSBC Mobile Banking App.
That's something to smile about.
HSBC Mobile Check Deposit is convenient and easy.
To deposit a check, simply log on to the HSBC Mobile Banking App and tap "Banking" then tap "Check Deposit" on the main menu.
Then tap "Pay check into" to select the HSBC account you want to deposit the check into.
Your account choices will appear. Tap the screen to choose your eligible HSBC account.
Now enter the value of the check in the "Amount" section.
The account you want to deposit the check into and the amount of the check will appear on the screen.
Now you're ready to take a picture of the front and back of the check.
To start taking your photo, tap the camera image.
Now rotate your phone.
Place the check face up on a dark background...
Making sure that all four corners of the check are inside the red box.
Tap the camera image to snap the picture.
Now this is important. HSBC cannot accept photos that are blurry...
Or if all four corners of the check are not clearly visible in the red box.
If your photo of the check is not sharp and clear, tap "Retake" to try again.
If your photo is clear, tap "Use."
Flip the check over and follow the same process as you did to take a picture of the front of the check.
Place the back of the check on a dark background.
Again, keep all four corners of the check inside the red box...
And make sure the check is properly endorsed.
Now tap the camera image to snap the picture.
Remember, HSBC cannot accept photos that are blurry...
Or if all four corners of the check are not clearly visible in the red box.
Now tap "Continue" to verify your check deposit information.
You can review all your information: Where the money will be deposited...
The account number...
And the amount of the check.
If the information is correct, tap "Deposit Now" - and you're done.
You will receive immediate confirmation that the check has been successfully deposited.
You can review deposited checks for up to 90 days by tapping "History."
That's all there is to it. Now you're ready to save time...
And trips to the bank.
Mobile Check Deposit. Now on the HSBC Mobile Banking App.
Don't have the HSBC Mobile Banking App yet? Learn more at us.hsbc.com/mobile.
Or go to the app center on your device and type in "HSBC Mobile" to download our free app.
View Money Management Tools video transcript
Welcome! With all your accounts visible in one place - from checking, saving, credit, debit, investment, even reward points accounts, you will have more control over your financial life.. safely and securely.
Each time you launch HSBC Money Management Tools, you will see your dashboard, which highlights a summary of all your accounts and their balances - stored securely and privately; all of your transactions, from all of your accounts, sorted by category in a pie chart; bill reminders; and changes in your net worth.
To add an account, click Add Account. Search for your financial institution... and enter the credentials you use to access those accounts. You will see a confirmation that your accounts were successfully added.
Continue adding accounts. The more accounts you add, the more complete your financial picture, and the more able you will be able to budget and plan.
Now all of your transactions, from all of your accounts, are viewable all in one place.
You can sort your transactions by date, description, category, account, and amount. The search function helps you find transactions based on specific criteria.
To re-categorize a transaction, simply select the category drop down menu, and select the new category.
You can split transactions between categories and create sub-categories by selecting Categories from the settings tab.
The Monthly Budget tool helps you see at a glance how your monthly income reconciles with your monthly spending, and how you are tracking against your savings goals.
The Spending tab helps you understand your average monthly spending, with detail for what is fixed and what is variable.
By understanding where your money is going, you can start to set monthly goals. When finished, click on Track Budgets, and you will see status for each category. You can set alerts to help you stay on track!
To set a savings goal, first select the type of goal you want to set, or create a custom goal. Fill in the amount you want to save, by when, and designate an account where you would like to keep the savings. Click next, and you will see how much you will need to save monthly in order to meet the goal. You can use the slider to calculate how the end date moves should you decide to save more or less. The summary page shows your progress on each of your goals.
Alerts are a great way to stay on top of your bills, avoid low balances and late fees, and get notified about potential suspicious activity in your accounts.
Customize alerts however you want by selecting the general category, then specifying a threshold for each alert. You can also select how you would like to receive alerts.
Bill Reminders are summarized on the dashboard and can be sorted by biller or timeframe.
Your net worth is calculated by taking the total of your assets and subtracting your liabilities. Only with all of your accounts added - including mortgage, investment, and retirement can your net worth be properly calculated. Use the add account button to add more accounts. To set alerts as to when your net worth changes significantly, click the Set Alerts icon.
The detailed breakdown shows your net worth... by account totals, by asset allocation... and by liabilities allocation... and by performance, where you can see at a glance how your net worth has changed over time.
The Financial Calendar gives you a visual snapshot of financial events by month for both past, current, and projected transactions.
You can sort by account, by date, and by type of transaction.
Red indicates debits, and icons identify types of transactions such as bills due, deposits, and more.
Click on a specific day for daily transaction details from all accounts.
Now that you have a full view of your complete financial story with HSBC Money Management Tools, you can start spending more time on the things that matter most.
View Online Brokerage Platform video transcript
In this demonstration, you'll see how Wendy Fitzgerald, a client investor of a wealth management firm, uses NetXInvestor to review her portfolio, research the market, and place a trade.
Wendy starts on the portfolio overview page. Here she can see a summary view of her accounts, her portfolio’s asset allocation, and value changes. There are also quick links to the pages she visits the most.
he quick quote feature gives her access to market information from any page on the site.
She can also view market indices without leaving the page.
The portfolio overview page can display information for all or selected accounts.
Wendy can expand her list of accounts to see how each contributes to the total market value of her portfolio.
She can also see the composition of her portfolio, as well as a list of today’s strongest and weakest performing assets.
NetXInvestor even provides a list of current news articles about the portfolio’s top-moving assets so Wendy can keep in touch with market changes. It also displays the most recent transaction history.
The Balances tab shows Wendy the key values in her account and provides helpful definitions of terms.
The Holdings tab provides Wendy with a summary of her assets on the left and a complete list of holdings on the right.
By selecting an asset class, she can filter the list to show only holdings of this class.
She can then expand any of the assets in the list to view important details and transaction history.
On the Unrealized Gain/Loss tab, Wendy can expand assets with multiple tax lots to view detailed information about gains and losses at the tax lot level.
NetXInvestor makes two years of account history available at Wendy's fingertips.
She can search by transaction type or symbol, and specify a time period or a date range to narrow her search.
Wendy can also review her projected cash flow. She can filter by time period or type and easily view details of projected fixed income.
In addition to providing Wendy with a complete overview of her account portfolio, NetXInvestor offers robust market research capabilities.
Wendy can easily look up assets to get detailed information. Recent searches are saved as quick links for easy reference.
NetXInvestor provides easy-to-read information and graphical visualizations. These combine data from several industry-leading sources in one place.
Investing tools, like those available in the Screeners tab, help Wendy find equities that meet her specific needs and preferences.
For example, she can use predefined screens or the advanced screener feature to identify stocks that fit her investment strategies.
She can compare quotes and add them to watchlists for quick reference. She can set up alerts to notify her of price changes and other market activity.
NetXInvestor can be configured to include powerful, self-service trading tools.
Once Wendy has selected an equity to trade, using the available market research, she can easily initiate an order.
She defines the trade instructions, selects a quantity to purchase, and reviews the order for accuracy before submitting it.
If properly entitled, Wendy can easily review the status of previous orders and cancel any pending orders prior to execution.
To enhance advisor-investor collaboration, NetXInvestor provides a communications center that organizations can use to stay in touch with their clients.
This is also where Wendy can find important account documents as well as statements and reports, in one place.