Every year I go to the Money Show in
Orlando, Florida. Thousands attend. It is especially
an older crowd with the youngsters about 40
years of age. For years I say
until you've lost trying to make enough money
a fortune you will not be seriously
invest. The under 40's shoot for the
moon and it's finally dawned on the over 40's
(Maybe it's the over-50s) that they have to find a
better way to get rich.
The Money Show presents a forum
recognized experts in their field. It may be
long term or short term trading. It may be in
stocks, bonds, mutual funds, ETFs (Exchange
Traded Funds), oil and gas properties, capabilities,
commodity futures, managed accounts and other
more esoteric locations.
Each of the "experts" you can
to listen to speak to tell (free of charge) to him
how he has found the secret scholarship
success and why you should buy his Holy Grail
service. You are receiving (daily, weekly,
monthly) market letter for the ridiculously low
price from $ 250 to $ 5,000 or more. You can
not found the Holy Grail, but he has.
Almost all of them have a "when
Buy "method, but few have a" when cashing
in your chips "method and less than that will
only way to protect yourself against losses
all must change their Holy Grail method
Holy Cow.
The Orlando show is in February so any
expert has his predictions for the coming year.
The only beer I found was Martin Weiss, but he
was not a bull in 1999 does not. No one wants
dire consequences of a bad year for their hearing
stocks, so that the public is fed up with the kind of food
they want. Everything goes better
this year and with my super software (or
newsletter) you get a better return than making
ever before.
During display of the three days, there was 396
individual presentations, most of which were about
an hour more or less and then there were the
extra charge for breakfast, lunch, tea,
with which one of the speakers. And this
were not cheap. You can also sign up for all
day seminars. In the Exhibit Hall was
always an expert giving a lecture with a large
slide show about how his Grail (I get
hesitant called the Holy) will increase
your portfolio.
Many investors came to see the guru whose market
they write received. Very few of these
mavens make anyone rich, but there are
some. My question to them is put them
their own money on the game or are these results
hypothetical?
After attending some of these seminars each
day with each presenter shows his magic
get-rich formula seems these people would
go home more confused than when they arrived. There
is no holy grail of investing. At least I have
not found, nor did I know anyone who has. Do
not rely on someone else to make you rich. 'You
must do it yourself.
The real Holy Grail translates into
two words - Hard Work.
Al Thomas' book, "If it does not go up, do not buy!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at and discover why he's the man that Wall Street does not want you to know....
Tuesday, 31 December 2013
Sunday, 29 December 2013
Find a Methodology and Minimize Investment Madness
There are many reasons to invest these days, and too much opportunity to not work on your money for you.
However, I think to do with investment business, the majority of people are afraid and tend to jump into purchases and then hold their breath hoping for the best. After a long day at work and taking care of the family, it's hard to get excited about reading performances about your 401 (k) options, Morningstar ratings and fund.
If this sounds like you, there are basically three choices.
You can have your investments professionally managed, you can continue as you in the past and keep your fingers crossed, or you can choose a method which objectifies the investment process (that is the buying and selling of assets) and helps you find your results to maximize long term.
To determine whether you need to help you manage your investments (and this does not necessarily have to pay for advice) you would need to get yourself these questions:
=> Do I really have the time and interest to the market closely on a daily basis?
=> Have I done well in the past managing my own investments?
=> Do I really want in an already busy schedule to add? For another layer of work and responsibility
If you are like most people, you would answer yes to some and not for others, so how do you decide? If you think you might have or would have done better with your investments, then you need some help. Do not feel bad. Have assisted hundreds of people in the past 15 years I can honestly say that everyone has some help, whether they know it or not.
Why? This may come as a surprise, but in fact, your financial life is a lot shorter than your physical life?
Most people who end up investing not really go to work and earn money until they are about 25 years old. Given the average retirement age of 65, this gives you only 40 years to save and invest wisely.
If you have a bad investment decision, such as trying to stay fully invested during a bear market to make, you would lose big, both in terms of reduced dollars and wasted time.
To drive home this important point, let me give you a concrete example with my own portfolio. For ease of illustration, I adjusted the opening balance sheet portfolio to $ 10,000.
During the period from 01/25/91 to 13/10/00 my $ 10,000 investment grew to $ 37,840, which is a compound annual return 14.67%.
On 13/10/00, based on a methodology I followed, I liquidated all my domestic investment positions and moved 100% to ensure the safety of my money market account. Thanks to this movement, my portfolio retained 100% of its value on that date.
As we now know in retrospect, most people have stuck to their investment positions and so far lost an average of 50% to 60% of the value of their portfolios. To use for this example 50%.
If I had kept in my position would my portfolio to $ 18,920. Last time I hit that level on the way up was in 1995.
In other words, not only would I would have lost by having used up to 20% (8 years) of my total financial life lost. Further 50% of my portfolio
How you can correct errors as to prevent that in the future Bring a bit of your valuable research time looking for investment opportunities methodologies that allow side-step bear markets and let you go again during bull markets. In other words, invest your time looking for methods instead of the investments themselves. This will lay the foundation for a more effective use of your time and money to make.
If you have a method that you like, and it suits your investment philosophy, stick to it for the long term. It should tell you when to get out of, and when to get in, an investment. Aspect of your
I suggest the following broad guidelines:
Do not be afraid to take to avoid. Larger disasters a small loss
Stay away from the contract sales people (because unlike your interests them incentives), and if you use a consultant, he or she fee based.
Above all, do not be overwhelmed by the news, rumors and predictions that are irrelevant to your strategy.
If you win, I guarantee that this advice quickly sleepless nights a thing of the past, and you'll be on your way to greater confidence and success (that means profitable) the management of your investments.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions.
However, I think to do with investment business, the majority of people are afraid and tend to jump into purchases and then hold their breath hoping for the best. After a long day at work and taking care of the family, it's hard to get excited about reading performances about your 401 (k) options, Morningstar ratings and fund.
If this sounds like you, there are basically three choices.
You can have your investments professionally managed, you can continue as you in the past and keep your fingers crossed, or you can choose a method which objectifies the investment process (that is the buying and selling of assets) and helps you find your results to maximize long term.
To determine whether you need to help you manage your investments (and this does not necessarily have to pay for advice) you would need to get yourself these questions:
=> Do I really have the time and interest to the market closely on a daily basis?
=> Have I done well in the past managing my own investments?
=> Do I really want in an already busy schedule to add? For another layer of work and responsibility
If you are like most people, you would answer yes to some and not for others, so how do you decide? If you think you might have or would have done better with your investments, then you need some help. Do not feel bad. Have assisted hundreds of people in the past 15 years I can honestly say that everyone has some help, whether they know it or not.
Why? This may come as a surprise, but in fact, your financial life is a lot shorter than your physical life?
Most people who end up investing not really go to work and earn money until they are about 25 years old. Given the average retirement age of 65, this gives you only 40 years to save and invest wisely.
If you have a bad investment decision, such as trying to stay fully invested during a bear market to make, you would lose big, both in terms of reduced dollars and wasted time.
To drive home this important point, let me give you a concrete example with my own portfolio. For ease of illustration, I adjusted the opening balance sheet portfolio to $ 10,000.
During the period from 01/25/91 to 13/10/00 my $ 10,000 investment grew to $ 37,840, which is a compound annual return 14.67%.
On 13/10/00, based on a methodology I followed, I liquidated all my domestic investment positions and moved 100% to ensure the safety of my money market account. Thanks to this movement, my portfolio retained 100% of its value on that date.
As we now know in retrospect, most people have stuck to their investment positions and so far lost an average of 50% to 60% of the value of their portfolios. To use for this example 50%.
If I had kept in my position would my portfolio to $ 18,920. Last time I hit that level on the way up was in 1995.
In other words, not only would I would have lost by having used up to 20% (8 years) of my total financial life lost. Further 50% of my portfolio
How you can correct errors as to prevent that in the future Bring a bit of your valuable research time looking for investment opportunities methodologies that allow side-step bear markets and let you go again during bull markets. In other words, invest your time looking for methods instead of the investments themselves. This will lay the foundation for a more effective use of your time and money to make.
If you have a method that you like, and it suits your investment philosophy, stick to it for the long term. It should tell you when to get out of, and when to get in, an investment. Aspect of your
I suggest the following broad guidelines:
Do not be afraid to take to avoid. Larger disasters a small loss
Stay away from the contract sales people (because unlike your interests them incentives), and if you use a consultant, he or she fee based.
Above all, do not be overwhelmed by the news, rumors and predictions that are irrelevant to your strategy.
If you win, I guarantee that this advice quickly sleepless nights a thing of the past, and you'll be on your way to greater confidence and success (that means profitable) the management of your investments.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions.
Tuesday, 17 December 2013
The Demise of Buy & Hold
Based on consistent results I think Buy & Hold should be renamed Buy, Hold & Bye-Bye. It sounded great for a while, especially for the vast majority of investors who lack the time or interest in really doing due diligence on investments have.
Investing, for some, might be a hobby but it can certainly be an expensive one. Yet, if you are like many of us, you know there are options for putting your money to work and to grow. Nevertheless, investing, like any business (and it is a company) has its own unique challenges. Her are what I consider to be the top three.
1. Intelligently decide what to buy
When it comes to Mutual Funds, there are today more than 13,000 choices. You are going to check each one, right? Yes, of course. And even before you do check out, what are you watching? Past? What else can you look? But as it says on the bottom of each prospectus, past performance is no guarantee of future performance. And in these days of squinting cooked books, past performance is hardly a guarantee of results from the past! So you do not just have to decide what to buy, but you have to stop to make sure you know when to sell when the future performance of an investment does not match your expectations.
Sure, there are investment rating services to buy a false sense of security and cradles. But the fact is that virtually every investment in recent years have touted valuation services has lost money. So much for depending on the type of expert advice.
2. Determining when to buy?
It should not matter when you buy if you're never going to sell, but it does. If you just buy before the market falls, what you think: You will start with a loss that you have to recover before your investment starts making money. So what? According to statistics on the sale of mutual funds, most investors buy just in time to grab a loss.
Buy & Hold can prove to be a profitable approach if you intend to keep forever. But we do not live forever, and most people will want to sell at some point forever clapping their investments. It is little consolation to know that if you hold your investments for another 20 years, they will make money, especially if you are retired and want to take next month a cruise.
3. Staying the course.
It takes to hang on to an investment when you see it disappear before your eyes. Strong stomach Or even if it is the following up and down on a day. (Like today, for example.) And once you decide that having to wait for three decades before your investment is back to square one is not such a great deal, what happens to your Buy & Hold strategy then? It is out of the window and all you holding the bag. The many army bag.
So what to do, especially an investor an investor who is not a professional? For one thing, finding a reliable method for obtaining information. One that I want is a trend analysis approach that objectifies market behavior. This kind of approach is more kinetic because it is not dependent on past performance, is based on giving. Towards future past performance and current performance of a "trend" While that is not infallible in every sense of the word, it is a wider range of information than most guidebooks.
Using one of these as a basis for your strategy, determining a buy point and, most importantly, a selling point for any investment you make. Get comfortable taking small losses before they turn into major disasters.
There is always investing in the risk. But there are ways to reduce the risk not only to minimize a gambler so you are an investor, with high expectations for a Buy & Hold approach that many people now find they have failed.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions. To learn more about his approach and find his FREE newsletter please visit:
Investing, for some, might be a hobby but it can certainly be an expensive one. Yet, if you are like many of us, you know there are options for putting your money to work and to grow. Nevertheless, investing, like any business (and it is a company) has its own unique challenges. Her are what I consider to be the top three.
1. Intelligently decide what to buy
When it comes to Mutual Funds, there are today more than 13,000 choices. You are going to check each one, right? Yes, of course. And even before you do check out, what are you watching? Past? What else can you look? But as it says on the bottom of each prospectus, past performance is no guarantee of future performance. And in these days of squinting cooked books, past performance is hardly a guarantee of results from the past! So you do not just have to decide what to buy, but you have to stop to make sure you know when to sell when the future performance of an investment does not match your expectations.
Sure, there are investment rating services to buy a false sense of security and cradles. But the fact is that virtually every investment in recent years have touted valuation services has lost money. So much for depending on the type of expert advice.
2. Determining when to buy?
It should not matter when you buy if you're never going to sell, but it does. If you just buy before the market falls, what you think: You will start with a loss that you have to recover before your investment starts making money. So what? According to statistics on the sale of mutual funds, most investors buy just in time to grab a loss.
Buy & Hold can prove to be a profitable approach if you intend to keep forever. But we do not live forever, and most people will want to sell at some point forever clapping their investments. It is little consolation to know that if you hold your investments for another 20 years, they will make money, especially if you are retired and want to take next month a cruise.
3. Staying the course.
It takes to hang on to an investment when you see it disappear before your eyes. Strong stomach Or even if it is the following up and down on a day. (Like today, for example.) And once you decide that having to wait for three decades before your investment is back to square one is not such a great deal, what happens to your Buy & Hold strategy then? It is out of the window and all you holding the bag. The many army bag.
So what to do, especially an investor an investor who is not a professional? For one thing, finding a reliable method for obtaining information. One that I want is a trend analysis approach that objectifies market behavior. This kind of approach is more kinetic because it is not dependent on past performance, is based on giving. Towards future past performance and current performance of a "trend" While that is not infallible in every sense of the word, it is a wider range of information than most guidebooks.
Using one of these as a basis for your strategy, determining a buy point and, most importantly, a selling point for any investment you make. Get comfortable taking small losses before they turn into major disasters.
There is always investing in the risk. But there are ways to reduce the risk not only to minimize a gambler so you are an investor, with high expectations for a Buy & Hold approach that many people now find they have failed.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions. To learn more about his approach and find his FREE newsletter please visit:
Sunday, 15 December 2013
The Conflict of Interest Game
Disgruntled investors are going after Wall Street again, this time accusing one of investment bank Morgan Stanley's high-tech mutual funds of making biased stock picks.
Recent lawsuits allege the Morgan Stanley Technology fund was influenced to buy and hold shares of companies that delivered huge investment banking fees - or could bring big business - the investment bank.
According to the lawsuits, the Morgan Stanley fund followed the biased recommendations of analysts of the company - decisions that cost shareholders millions of dollars since its inception in October 2000 portfolio.
The fund lost 48 percent in 2001 and fell another 50 percent in the first nine months of 2002. While Morgan Stanley strongly denied the allegations, I do not see how the management of the fund is somehow distinct from the other divisions of Morgan Stanley. Eventually, they all work for the same boss.
The suits also claim that the company had to make that investment banking ties with a number of companies whose shares were part of the portfolio. Tech fund undisclosed They also did not reveal that to buy the fund these tires could affect to sell. Calls or
Why do all this? For one thing, it is interesting to note that Morgan Stanley offered four of these funds in October 2000. Just around the time we sold our positions (October 13, 2000) and it became clear, at least for those of us who were tracking long-term trends, which is a major trend change had occurred.
More recently in the news it's been Merrill Lynch, which is a dubious deal that operations had failed energy trader Enron. Of course, the financial industry regulates itself so well that a $ 80 million payment to the SEC is sufficient to conclude this case without admitting or denying wrongdoing.
What is the moral of this story? While it is impossible to predict this alleged conflict of interest rules is certainly possible to have a disciplined approach and they are on the "right" side of the market, so you can avoid jumping aboard a sinking ship.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions. To learn more about his approach and his FREE to find newsletter please visit:
Recent lawsuits allege the Morgan Stanley Technology fund was influenced to buy and hold shares of companies that delivered huge investment banking fees - or could bring big business - the investment bank.
According to the lawsuits, the Morgan Stanley fund followed the biased recommendations of analysts of the company - decisions that cost shareholders millions of dollars since its inception in October 2000 portfolio.
The fund lost 48 percent in 2001 and fell another 50 percent in the first nine months of 2002. While Morgan Stanley strongly denied the allegations, I do not see how the management of the fund is somehow distinct from the other divisions of Morgan Stanley. Eventually, they all work for the same boss.
The suits also claim that the company had to make that investment banking ties with a number of companies whose shares were part of the portfolio. Tech fund undisclosed They also did not reveal that to buy the fund these tires could affect to sell. Calls or
Why do all this? For one thing, it is interesting to note that Morgan Stanley offered four of these funds in October 2000. Just around the time we sold our positions (October 13, 2000) and it became clear, at least for those of us who were tracking long-term trends, which is a major trend change had occurred.
More recently in the news it's been Merrill Lynch, which is a dubious deal that operations had failed energy trader Enron. Of course, the financial industry regulates itself so well that a $ 80 million payment to the SEC is sufficient to conclude this case without admitting or denying wrongdoing.
What is the moral of this story? While it is impossible to predict this alleged conflict of interest rules is certainly possible to have a disciplined approach and they are on the "right" side of the market, so you can avoid jumping aboard a sinking ship.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions. To learn more about his approach and his FREE to find newsletter please visit:
Friday, 13 December 2013
How To Find An Investment Advisor
Think you need an investment advisor? Wait before you answer, because this is kind of a trick question. I am also sure I'm biased because an investment adviser. Still, I think I can help you to look at this issue in a way that you will serve.
Working with a good number of investors in the past nearly 20 years, I have found that while most are intelligent people, and many are quite knowledgeable about the market, they are, as a group, not very successful with their investments.
Why would they? More likely than not they have made their living doing something other than investing, so why would they think they can do what a professional does better than a professional? (After all, they go to professionals for health care or for car repairs if needed!)
Most investors-even some professionals-tend to be in their timing "off": they buy things when they are warm, not when they are cold. But the biggest advantage, the opposite. The media does not help much when it comes to buy this approach, and let's face it, greed and fear play a major role in investment decisions most peoples'.
I truly believe that the majority of people would be better off (that is, they would end up with more money at the end of the day), if they use professional money managers to advise on their investing them. Specifically, I refer to Registered Investment Advisors with proven track records of performance in investing in stocks, bonds, mutual funds
Let me burst a myth right off the bat: You do not have the services of a topnotch advisor are working to become a millionaire. Some people think that you need to start an account with $ 50,000 or more to get. Really a good advisor Well, you may have more choices when you get to that level, but you can be very successful Investment Advisors, who open accounts will accept for as little as $ 5,000 found.
There are literally thousands of Registered Investment Advisors in the U.S.. Exactly what do they do-what service they offer you? They do it for work, research and analysis. Perhaps more importantly, keep them in the markets, and their primary focus specifically on their specialty, such as individual stocks, mutual funds or bonds.
Because they examine most of their time and energy, consider and analyze spend, of course they have a greater sense of the market and its movements are those of us who can not bring the attention. These types of So, with the right advisor, you can keep your attention on what you would like your company or your retirement or whatever and still get the information you want and need to invest wisely.
How to find the advisor for you?
Since there are good and bad Investment Advisors, how do you find the former and avoid the latter? Good question, and there are a number of keys. Most large brokerage firms list of investment advisors they work with and maintain. Information on their past performance This is not a watertight source, though, because they tend to investment advisers who invest in their products to recommend or erase their business with the firm. So if you continue this way you have to watch out for conflict of interest issues.
You can always subscribe to one of the many database information services, and sometimes rankings include on Investment Advisors. These services are often quite pricey, though, so they can not be your best choice. Another option is to articles (yes, like this one) or newsletters written by Investment Advisors find. If you find one or more that make sense to you, check out the IA and see if there is chemistry between you.
Upon checkout advisors, here are some things to keep in mind:
Check their record - look over their past performance;
Consider their system. Will it work in different market?;
As good as you can, check out their operation and
See if they have had. Regulatory problems
Just as important as doing your due diligence is that there is good communication between you and your advisor and you trust this person with your money choices.
Another quick free way to scan through a selected database and find a wide range of candidates with http://www.investortree.com. I am registered myself as a consultant and know that the company did a background check on registrations and regulatory issues.
An important question is how the advisor is compensated. You want to stay away from the commission junkies or salesmen disguised as advisors away. I think you get the best impartial advice from someone who is paid a management fee based on the value of the assets that you entrust them.
In order to take a step further and ask the advisor invests his own money in the same methodology that he recommends for his clients. If he does not, ask why. If you do not like the answer, close your checkbook and as fast as you can walk.
Choosing an investment advisor can high profit long-term benefits. I encourage you to consider if you have not before. However, as with any relationship, make sure there is a fit before you jump into it.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions...
Working with a good number of investors in the past nearly 20 years, I have found that while most are intelligent people, and many are quite knowledgeable about the market, they are, as a group, not very successful with their investments.
Why would they? More likely than not they have made their living doing something other than investing, so why would they think they can do what a professional does better than a professional? (After all, they go to professionals for health care or for car repairs if needed!)
Most investors-even some professionals-tend to be in their timing "off": they buy things when they are warm, not when they are cold. But the biggest advantage, the opposite. The media does not help much when it comes to buy this approach, and let's face it, greed and fear play a major role in investment decisions most peoples'.
I truly believe that the majority of people would be better off (that is, they would end up with more money at the end of the day), if they use professional money managers to advise on their investing them. Specifically, I refer to Registered Investment Advisors with proven track records of performance in investing in stocks, bonds, mutual funds
Let me burst a myth right off the bat: You do not have the services of a topnotch advisor are working to become a millionaire. Some people think that you need to start an account with $ 50,000 or more to get. Really a good advisor Well, you may have more choices when you get to that level, but you can be very successful Investment Advisors, who open accounts will accept for as little as $ 5,000 found.
There are literally thousands of Registered Investment Advisors in the U.S.. Exactly what do they do-what service they offer you? They do it for work, research and analysis. Perhaps more importantly, keep them in the markets, and their primary focus specifically on their specialty, such as individual stocks, mutual funds or bonds.
Because they examine most of their time and energy, consider and analyze spend, of course they have a greater sense of the market and its movements are those of us who can not bring the attention. These types of So, with the right advisor, you can keep your attention on what you would like your company or your retirement or whatever and still get the information you want and need to invest wisely.
How to find the advisor for you?
Since there are good and bad Investment Advisors, how do you find the former and avoid the latter? Good question, and there are a number of keys. Most large brokerage firms list of investment advisors they work with and maintain. Information on their past performance This is not a watertight source, though, because they tend to investment advisers who invest in their products to recommend or erase their business with the firm. So if you continue this way you have to watch out for conflict of interest issues.
You can always subscribe to one of the many database information services, and sometimes rankings include on Investment Advisors. These services are often quite pricey, though, so they can not be your best choice. Another option is to articles (yes, like this one) or newsletters written by Investment Advisors find. If you find one or more that make sense to you, check out the IA and see if there is chemistry between you.
Upon checkout advisors, here are some things to keep in mind:
Check their record - look over their past performance;
Consider their system. Will it work in different market?;
As good as you can, check out their operation and
See if they have had. Regulatory problems
Just as important as doing your due diligence is that there is good communication between you and your advisor and you trust this person with your money choices.
Another quick free way to scan through a selected database and find a wide range of candidates with http://www.investortree.com. I am registered myself as a consultant and know that the company did a background check on registrations and regulatory issues.
An important question is how the advisor is compensated. You want to stay away from the commission junkies or salesmen disguised as advisors away. I think you get the best impartial advice from someone who is paid a management fee based on the value of the assets that you entrust them.
In order to take a step further and ask the advisor invests his own money in the same methodology that he recommends for his clients. If he does not, ask why. If you do not like the answer, close your checkbook and as fast as you can walk.
Choosing an investment advisor can high profit long-term benefits. I encourage you to consider if you have not before. However, as with any relationship, make sure there is a fit before you jump into it.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions...
Wednesday, 11 December 2013
Your Worst Enemy To Successful Investing - The Media
How do you make your investment decisions and where do you get your information? If you are like most of the people I know, you look at the experts.
That's fine, but it is important to realize that for every expert, there is an opinion and every opinion is an expert. I have a friend who says that opinions are like noses: everyone has one, but you would not live in someone else's nose!
Around the first of the year, along with the New Year's resolutions, the new year comes predictions for what's hot and what will not. As if that is not enough to produce a massive case of indigestion information now we have the financial cable shows with pretty much the opinion of the hour.
What this produces is a frenzy of buying and selling activities for stocks in general, and now also for investment funds. I do not think this approach is both investors in particular whether the funds in general.
The major problem with this fund for investors is that all experts are recommending different funds. It might be one thing if experts had a solid foundation for their perspective. If they did, you would think that their recommendations would line up and they would all be touting the same.
But they do not and they are not. Oh sure, each of them can make a good case for their choice. But so can the next "expert." And will usually not both be right (if one of them is). So, where is the value in it for you? Beats me.
Another problem with this approach is that many experts recommend different funds at different times, and investors continue to move from fund to fund. In the hot fund, in an attempt to
In the same breath, the experts tell you to invest for the long term us. Well, I can not figure out how to do both: in the latest hot fund, and keep what I have for the long term.
The downside of all this for the funds is a fund that sometimes touted as the hot one to draw much attention in investment (ie money) that it grows beyond its original intent. At that point, it loses its direction and the very thing that made it strong is sacrificed. And guess what happens to the performance?
So, in the middle of all Hawking and hype for this fund or that, what to do to make intelligent choices an investor
For myself and my clients, I use a trend following method, which identifies trends in various markets in the long term. I research funds for stability and reliability, as well as the current performance. Then, when our trend indicator signals a buy, we select our mutual funds based on momentum figures for different time periods to achieve the most promising fund (s) to use for this cycle.
This gives us an advantage and sometimes weeks after we bought a fund I see it written in financial newspapers as one of the best performers.
This approach has always put us in the number one fund? Maybe not. But we are almost always in funds that are doing very, very well. And we get to the bottom and from the top? Again, maybe not.
But I can tell you that, using this method, my clients and I followed the sell signal we received in October 2000, and were safely invested in the money markets fixed when the stock market crashed and burned.
Is this approach for you? It depends on how much you want adrenaline rush when you watch your investments. Personally, I have my thrill quotient with other things in life and enjoy sleep at night when it comes to my investments.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions. To learn more about his approach and find his FREE newsletter please
That's fine, but it is important to realize that for every expert, there is an opinion and every opinion is an expert. I have a friend who says that opinions are like noses: everyone has one, but you would not live in someone else's nose!
Around the first of the year, along with the New Year's resolutions, the new year comes predictions for what's hot and what will not. As if that is not enough to produce a massive case of indigestion information now we have the financial cable shows with pretty much the opinion of the hour.
What this produces is a frenzy of buying and selling activities for stocks in general, and now also for investment funds. I do not think this approach is both investors in particular whether the funds in general.
The major problem with this fund for investors is that all experts are recommending different funds. It might be one thing if experts had a solid foundation for their perspective. If they did, you would think that their recommendations would line up and they would all be touting the same.
But they do not and they are not. Oh sure, each of them can make a good case for their choice. But so can the next "expert." And will usually not both be right (if one of them is). So, where is the value in it for you? Beats me.
Another problem with this approach is that many experts recommend different funds at different times, and investors continue to move from fund to fund. In the hot fund, in an attempt to
In the same breath, the experts tell you to invest for the long term us. Well, I can not figure out how to do both: in the latest hot fund, and keep what I have for the long term.
The downside of all this for the funds is a fund that sometimes touted as the hot one to draw much attention in investment (ie money) that it grows beyond its original intent. At that point, it loses its direction and the very thing that made it strong is sacrificed. And guess what happens to the performance?
So, in the middle of all Hawking and hype for this fund or that, what to do to make intelligent choices an investor
For myself and my clients, I use a trend following method, which identifies trends in various markets in the long term. I research funds for stability and reliability, as well as the current performance. Then, when our trend indicator signals a buy, we select our mutual funds based on momentum figures for different time periods to achieve the most promising fund (s) to use for this cycle.
This gives us an advantage and sometimes weeks after we bought a fund I see it written in financial newspapers as one of the best performers.
This approach has always put us in the number one fund? Maybe not. But we are almost always in funds that are doing very, very well. And we get to the bottom and from the top? Again, maybe not.
But I can tell you that, using this method, my clients and I followed the sell signal we received in October 2000, and were safely invested in the money markets fixed when the stock market crashed and burned.
Is this approach for you? It depends on how much you want adrenaline rush when you watch your investments. Personally, I have my thrill quotient with other things in life and enjoy sleep at night when it comes to my investments.
Ulli Niemann is an investment advisor and has been writing about objective, methodical approaches to investing for over 10 years. He eluded the bear market of 2000 and has helped hundreds of people make better investment decisions. To learn more about his approach and find his FREE newsletter please
Monday, 9 December 2013
Bankers in Denial
Psychologisch alomtegenwoordige Ontkenning afweermechanisme is een. Het gaat om van slecht onderdrukking nieuws, onaangename informatie in angst-inducerende ervaringen. Oordelen you Duitse naar de pers, het land van is in staat een tanende ontkenning gezondheid betreft of economie van zijn in the wee van haar financiële afnemende systeem.
Commerzbank, of vierde grootste kredietverstrekker van Duitsland, gedecimeerd Aandelen zag door haar give 80 procent van meer een jaar 19 laag, nadat haar-verlies lening overstromingen Verhoogde tot onder water bepalingen Oost-Duitse schulden dekken you. Steile Geconfronteerd daling met een van de nettowinst, Gereageerd reflexief door het nog meer personeel plundering. From Aandelen van andere Duitse banken ensure onder of boekwaarde handel.
Dresdner Bank - grootste derde particuliere Duitslands instelling - to getrimd Vijfde een een van haar ongekende personeelsbestand alleen dit jaar. Duitse vooraanstaande Andere banken -: als Deutsche Bank in Hypovereinsbank - verkopen paniek toevlucht go tot aandelenportefeuilles, Real-estate, niet-kernactiviteiten in active gesecuritiseerde Hun noodlijdende resultatenrekeningen lappen you. Deutsche Bank, bijvoorbeeld, zijn gelöst bedrijven Amerikaanse Bewaring leasing.
Op 19 september, Moody's zijn voor de grootste vooruitzichten Duitsland banken will go "stabiel" naar "negatief". In een vernietigende Jeannine, zei het:
"Het ratingbureau meerdere misunderstand the huidige verklaard Dat dat zijn omstandigheden Moeilijke Pijn economische bankbedrijf in Duitsland het komen op de top van de erfenis Verleden van het van waren management strategieën Dat op gericht banken minder 'recurring verdienvermogen. Inderdaad of Duitse prive- banken industry, als groep, blijven laagste bij grote Europese presterende banken. "
Vorige week, Fitch Ratings, het internationale Agentschap, volgde in gedegradeerd termijn lange op, op korte termijn in individuele ratings of Dresdner Bank go go Bayerische Hypo-und Vereinsbank (HVB).
Dit waren in een laatste slechts reeks of negatieve go tot betrekking vooruitzichten Duitse met in banken verzekeraars. Het is ironisch Fitch aangehaald dat 'bear aandelenmarkten (die) hebben hun tol op geëist bedrijfsresultaten alleen niet, maar ook aan op de verkoop Particulieren, het fondsbeheer in corporate finance. "
Gebruikten Duitsers immuun zijn voor de Beurs in kunstaas you tot zij zijn in de waanzinnige werden Wereldwijde gevangen Aandelen zeepbel. Moody's acht wrang dat "materialen in stabiele om in haar thuismarkt retail franchise, als er meer bescheiden zelfs winstgevend, vertegenwoordigen zal een kan van verdediging lijn betrouwbare problemen op tegen financiële tijdelijke in groothandelsmarkten."
From technologie-beladen in schandalen geteisterde Neuer Markt - Europe's antwoord op Amerika's NASDAQ - SMAX uitwisseling evenals of small-caps voor vorige stilgelegd werden week of voormalige verloren hebben maar zijn liefst waarde 96 procent van sinds maart 2000. Dit in vergelijking met de Britse AIM, which verloren 'slechts' of helft van zijn waarde. Britse Zelfs of FTSE-techMARK beruchte vervaagd door een "Zuivere" 88 procent.
1 bedrijf dreef slechts Neuer Markt op Dit jaar - In vergelijking give 130 meer met twee jaar geleden. In een ongekende will show "no-Vertrouwen" meer give vorig 40 jaar trokken bedrijven Aanbiedingen hun. From Duetsche Boerse klassen beloofde twee nieuwe op believein you go Aandelen Frankfurt Stock Exchange. Het laattijdig gezworen openheid om voor meer transparantie in investeerders buitenlandse introduceren you.
Woedende door zijn Banken klanten beschuldigd helpen you Ongepast naar de lijst verstrekken van het bedrijven in frauduleuze adviesdiensten. Aanhangig Rechtszaken van zijn tegen wil Commerzbank. Routines Deze hoopt april dash of verplaatsen you go retail bank in private banking.
Om Verdere samengestelde Affairs, is in the greep Duitsland van een van faillissementen tsunami. Dit langverwachte herstructurering, uiteindelijk maar niet op de lange termijn op zijn een Slechter uitgekomen moment, wat gaan banken. Massive gulzig hebben waardeverminderingen Voorzieningen in Hun geconsumeerd winst basiskapitaal operationele zelfs zijn als gedaald. Deze dubbele give uitgehold whammy of voordelen meer van hun pijnlijke kostenbesparende maatregelen.
Duitse banken - Japanse niet tot In tegenstelling degenen - Handhaving go hun incestueuze klanten relaties met. Toen het Eindelijk instortte in april, Philip Holzmann AG Deutsche Bank Schulden miljarden aan wie het met een vriendschappelijke had given meer voor een werkrelatie eeuw. Bank Maar ook in handen 19.6 procent van de noodlijdende bouw kolos in voorgezeten of raad van toezicht - of overblijfselen go vorige wanordelijke reddingspakketten.
Concurreert duitsland met in over-vertakking Oostenrijk, met Japan in verzuren active in Rusland met in overhead. Krant Duitse Volgens of Frankfurter Allgemeine Zeitung, of kosten-batenverhouding Duitse go banken is 90 procent. Massale faillissementen in consolidatie - vrijwillig of gedwongen - zijn onvermijdelijk, vooral in the Coöperatie, hypotheek-spaarbanken in the industry, concludeert of krant. Het is een proces tien jaar oud. Meer 1500 banken give Duitse verdwenen landschap In het uit deze periode. 2500 Andere Duitsland BLIJVEN maken van een nog steeds Meest clubs in the land overbanked wereld.
Moody's niet niet veel voorraad kostenbesparende in the banken Duitse maatregelen go. Toegevoegd concurrentie in een 'meer realistische prijsstelling "leningen in diensten van zijn veel voor hun belangrijker shriveling bottom line. Maar" is nog niet dat zichtbaar licht aan het eind van de tunnel ... in uitdagende marktomstandigheden bestaan blijven waarschijnlijk zullen voor het moment. "
From treurige Toestand will go Duitsland weerspiegelt systeem financiële alleen of economische niet van Duitsland malaise - "The Economist" noemde het 'Zieke man' will Europe - poging mislukte maar imiteren you in you emuleren of onnavolgbare focuses van Londen financiële in New-York . Het is een voor het berisping kapitalistische dat geloof misplaatste modellen - in instellingen - kunnen worden geheel getransplanteerd in over cultuur barrières hun. Het is onbetwistbaar bewijs geschiedenis dat - in the kerncompetenties paait - materie nog steeds.
Duitse Toen verzekeraars in banken, bijvoorbeeld, vertakt in modieuze bedrijven -: mobiele internet zoals telefonie - Ze dat in pairs must vacuüm. Weinig heeft duitsland durfkapitalisten in Ondernemers in Amerikaanse Stijl. Deze misleide angstaanjagende strategie resulteerde in een kracht erosie go in for beleggers onverschrokken basis Aandelen go.
In zekere zin, Duitsland - in zeker of Oostelijke deelstaten - is een land in transitie. Risico-aversie is risico-zoekend plaats voor in het van beleggingen in Aandelen Vormen in derivaten in durfkapitaal. Verdrongen geleidelijk wordt door Familiebezit beursnoteringen, geïmporteerd beheer in Fusies, overnames in overnames - zowel vriendelijk in vijandig. De sociale contracten betreft Werkgelegenheid, Pensioenen, go vakbonden role of mens tussen Balans in geldelijke kapitaal in the carving up going monopolistische markt niches - herschreven worden.
Dat betekent integratie Globale, zoals soevereiniteit supranationale wordt aan overgedragen is entiteiten of knusse relatie tussen of overheid Duitse banken in the op alle niveaus is Voorbij. In oktober vorig jaar, Hans Eichel, of Duitse minister for Finance, Aangekondigd OESO-anti-witwaswetgeving geïnspireerde Dat zijn Maatregelen bankgeheim in client waarschijnlijk anonimiteit in, Malthus, Pijn Duitse aan de compromis - soms duistere - bankbedrijf. Overheidsingrijpen ongebreideld Vroegere verzacht of nu wordt door de Europese verboden Ronduit Unie.
Malthus, Duitse deelstaten gedwongen worden, door de Europese Commissie, om af gedeeltelijk schaffen you, drie jaar na data, Hun Garanties aan de Landesbanken (regionale ontwikkelingsbanken) in Sparkassen (spaar). Naar diversificatie duitse Oostenrijk in Midden-en Oost-Europa zal tijdelijk slechts bieden respijt. U.S. Aangezien Vergroot in Verteert, op zijn minst of Tsjechische Republiek, Hongarije in Pollen in 2004-5 - Duitse franchises of compromisloze zal er onder elf bevoegdheid Commissie van meer.
In het algemeen, Duitsers Slechter dan het pairs must Oostenrijkers in hun extraterritoriale Bankieren ventures. Minder kosmopolitisch, met minder delen blootstelling van het aan de Rijk Habsburgse voormalige in Binnenlandse stagnerende met een worstelt economie - Duitse banken vonden moeilijk om het Centraal-Europese Draaien banken wil zo als succesvol Oostenrijkse go Erste Bank deed. Ze maken pairs must doorgedrongen in niche-gestructureerde financiering markten in Noord-Europe of Verenigde Staten - maar deze excursies willekeurig lijken verschuiving van het een Eerder nadruk bedrijfsleven Studeerde.
Aan de andere kant, Moody's - hoewel Onderhoudt het op het een Duitse kijk negatieve bankwezen - Genoteerd, in november 2001, in banken "financiële kracht in gediversifieerde intrinsieke uitvalsbasis". Started Mise aarzelende Belastinghervorming in the prive-Pensioenen van zijn ook tot ingetogen optimisme redemption.
Ingevolge of aankoop go door Drsedner Bank Allianz, Moody's verwelkomen of opkomst go bankverzekeren in Allfinanz modellen - financiële diensten one stop shops. Banken Duitse gepositioneerd Ook zijn om hun aanzienlijke voordelen go Investeringen in e-commerce, technologie, in the plukken kantorennetwerk herstructurering go hun.
From 1929-1936 kan zijn van Depressie begonnen met de kernsmelting kapitaalmarkten go, go die vooral Wall Street - maar het werd door de instorting verergerd aaneengeschakelde go internationale banksysteem. De wereld is nog meer van Vandaag geïntegreerd. From instorting van een grote of meer kan leiden tot Duitse ernstige banken gevolgen in niet alleen in the eurozone. Het MFI in zijn veel zo zegt "World Economic Outlook", gepubliceerd op 25 september.
In deze ontkennen Duitsers prognose - in to diagnose - heftig. Bundesbank president Ernst Welteke - bestuurslid Centrale Bank van de Europese - bracht deel van het Afgelopen grootste implausibly ontkennen elke week crisis in the Duitse banksector. Dit zijn een slechts "structurele zwakke problemen in the phase," een persconferentie vertelde Ik. Consolidatie Niets oplossen kunnen niet.
Het is weigering om deze werkelijkheid consequente Dat is het Meest zorgwekkend confronteren you. Middellange tot op korte termijn, Duitse banken overleven zullen waarschijnlijk of storm. In het proces, zullen ze hun verliezen greep Ijzeren als op de markt Binnenlandse verdrijft in buitenlandse concurrentie klantentrouw toeneemt. Benarde hun Als ze niet met situatie confronteren you eerlijkheid in onbevangenheid, ze kunnen worden goed tot teruggebracht back-office verheerlijkt uitbreidingen Reuzen mondiale go.
Vaknin is the auteur van Maligne Self Love - Revisited Narcisme After the Rain - Lost Hoe het Westen het Oosten. Hij is columnist voor Centraal-Europe Review, PopMatters, in eBookWeb, een United Press International (UPI) Senior Business Correspondent, in the gezondheid geestelijke redacteur go in Centraal-Oost-Europa categorieën in Open Directory BellaOnline on Suite101.
Tot voor kort, diende Economisch als ik van regering Adviser will Macedonië...
Commerzbank, of vierde grootste kredietverstrekker van Duitsland, gedecimeerd Aandelen zag door haar give 80 procent van meer een jaar 19 laag, nadat haar-verlies lening overstromingen Verhoogde tot onder water bepalingen Oost-Duitse schulden dekken you. Steile Geconfronteerd daling met een van de nettowinst, Gereageerd reflexief door het nog meer personeel plundering. From Aandelen van andere Duitse banken ensure onder of boekwaarde handel.
Dresdner Bank - grootste derde particuliere Duitslands instelling - to getrimd Vijfde een een van haar ongekende personeelsbestand alleen dit jaar. Duitse vooraanstaande Andere banken -: als Deutsche Bank in Hypovereinsbank - verkopen paniek toevlucht go tot aandelenportefeuilles, Real-estate, niet-kernactiviteiten in active gesecuritiseerde Hun noodlijdende resultatenrekeningen lappen you. Deutsche Bank, bijvoorbeeld, zijn gelöst bedrijven Amerikaanse Bewaring leasing.
Op 19 september, Moody's zijn voor de grootste vooruitzichten Duitsland banken will go "stabiel" naar "negatief". In een vernietigende Jeannine, zei het:
"Het ratingbureau meerdere misunderstand the huidige verklaard Dat dat zijn omstandigheden Moeilijke Pijn economische bankbedrijf in Duitsland het komen op de top van de erfenis Verleden van het van waren management strategieën Dat op gericht banken minder 'recurring verdienvermogen. Inderdaad of Duitse prive- banken industry, als groep, blijven laagste bij grote Europese presterende banken. "
Vorige week, Fitch Ratings, het internationale Agentschap, volgde in gedegradeerd termijn lange op, op korte termijn in individuele ratings of Dresdner Bank go go Bayerische Hypo-und Vereinsbank (HVB).
Dit waren in een laatste slechts reeks of negatieve go tot betrekking vooruitzichten Duitse met in banken verzekeraars. Het is ironisch Fitch aangehaald dat 'bear aandelenmarkten (die) hebben hun tol op geëist bedrijfsresultaten alleen niet, maar ook aan op de verkoop Particulieren, het fondsbeheer in corporate finance. "
Gebruikten Duitsers immuun zijn voor de Beurs in kunstaas you tot zij zijn in de waanzinnige werden Wereldwijde gevangen Aandelen zeepbel. Moody's acht wrang dat "materialen in stabiele om in haar thuismarkt retail franchise, als er meer bescheiden zelfs winstgevend, vertegenwoordigen zal een kan van verdediging lijn betrouwbare problemen op tegen financiële tijdelijke in groothandelsmarkten."
From technologie-beladen in schandalen geteisterde Neuer Markt - Europe's antwoord op Amerika's NASDAQ - SMAX uitwisseling evenals of small-caps voor vorige stilgelegd werden week of voormalige verloren hebben maar zijn liefst waarde 96 procent van sinds maart 2000. Dit in vergelijking met de Britse AIM, which verloren 'slechts' of helft van zijn waarde. Britse Zelfs of FTSE-techMARK beruchte vervaagd door een "Zuivere" 88 procent.
1 bedrijf dreef slechts Neuer Markt op Dit jaar - In vergelijking give 130 meer met twee jaar geleden. In een ongekende will show "no-Vertrouwen" meer give vorig 40 jaar trokken bedrijven Aanbiedingen hun. From Duetsche Boerse klassen beloofde twee nieuwe op believein you go Aandelen Frankfurt Stock Exchange. Het laattijdig gezworen openheid om voor meer transparantie in investeerders buitenlandse introduceren you.
Woedende door zijn Banken klanten beschuldigd helpen you Ongepast naar de lijst verstrekken van het bedrijven in frauduleuze adviesdiensten. Aanhangig Rechtszaken van zijn tegen wil Commerzbank. Routines Deze hoopt april dash of verplaatsen you go retail bank in private banking.
Om Verdere samengestelde Affairs, is in the greep Duitsland van een van faillissementen tsunami. Dit langverwachte herstructurering, uiteindelijk maar niet op de lange termijn op zijn een Slechter uitgekomen moment, wat gaan banken. Massive gulzig hebben waardeverminderingen Voorzieningen in Hun geconsumeerd winst basiskapitaal operationele zelfs zijn als gedaald. Deze dubbele give uitgehold whammy of voordelen meer van hun pijnlijke kostenbesparende maatregelen.
Duitse banken - Japanse niet tot In tegenstelling degenen - Handhaving go hun incestueuze klanten relaties met. Toen het Eindelijk instortte in april, Philip Holzmann AG Deutsche Bank Schulden miljarden aan wie het met een vriendschappelijke had given meer voor een werkrelatie eeuw. Bank Maar ook in handen 19.6 procent van de noodlijdende bouw kolos in voorgezeten of raad van toezicht - of overblijfselen go vorige wanordelijke reddingspakketten.
Concurreert duitsland met in over-vertakking Oostenrijk, met Japan in verzuren active in Rusland met in overhead. Krant Duitse Volgens of Frankfurter Allgemeine Zeitung, of kosten-batenverhouding Duitse go banken is 90 procent. Massale faillissementen in consolidatie - vrijwillig of gedwongen - zijn onvermijdelijk, vooral in the Coöperatie, hypotheek-spaarbanken in the industry, concludeert of krant. Het is een proces tien jaar oud. Meer 1500 banken give Duitse verdwenen landschap In het uit deze periode. 2500 Andere Duitsland BLIJVEN maken van een nog steeds Meest clubs in the land overbanked wereld.
Moody's niet niet veel voorraad kostenbesparende in the banken Duitse maatregelen go. Toegevoegd concurrentie in een 'meer realistische prijsstelling "leningen in diensten van zijn veel voor hun belangrijker shriveling bottom line. Maar" is nog niet dat zichtbaar licht aan het eind van de tunnel ... in uitdagende marktomstandigheden bestaan blijven waarschijnlijk zullen voor het moment. "
From treurige Toestand will go Duitsland weerspiegelt systeem financiële alleen of economische niet van Duitsland malaise - "The Economist" noemde het 'Zieke man' will Europe - poging mislukte maar imiteren you in you emuleren of onnavolgbare focuses van Londen financiële in New-York . Het is een voor het berisping kapitalistische dat geloof misplaatste modellen - in instellingen - kunnen worden geheel getransplanteerd in over cultuur barrières hun. Het is onbetwistbaar bewijs geschiedenis dat - in the kerncompetenties paait - materie nog steeds.
Duitse Toen verzekeraars in banken, bijvoorbeeld, vertakt in modieuze bedrijven -: mobiele internet zoals telefonie - Ze dat in pairs must vacuüm. Weinig heeft duitsland durfkapitalisten in Ondernemers in Amerikaanse Stijl. Deze misleide angstaanjagende strategie resulteerde in een kracht erosie go in for beleggers onverschrokken basis Aandelen go.
In zekere zin, Duitsland - in zeker of Oostelijke deelstaten - is een land in transitie. Risico-aversie is risico-zoekend plaats voor in het van beleggingen in Aandelen Vormen in derivaten in durfkapitaal. Verdrongen geleidelijk wordt door Familiebezit beursnoteringen, geïmporteerd beheer in Fusies, overnames in overnames - zowel vriendelijk in vijandig. De sociale contracten betreft Werkgelegenheid, Pensioenen, go vakbonden role of mens tussen Balans in geldelijke kapitaal in the carving up going monopolistische markt niches - herschreven worden.
Dat betekent integratie Globale, zoals soevereiniteit supranationale wordt aan overgedragen is entiteiten of knusse relatie tussen of overheid Duitse banken in the op alle niveaus is Voorbij. In oktober vorig jaar, Hans Eichel, of Duitse minister for Finance, Aangekondigd OESO-anti-witwaswetgeving geïnspireerde Dat zijn Maatregelen bankgeheim in client waarschijnlijk anonimiteit in, Malthus, Pijn Duitse aan de compromis - soms duistere - bankbedrijf. Overheidsingrijpen ongebreideld Vroegere verzacht of nu wordt door de Europese verboden Ronduit Unie.
Malthus, Duitse deelstaten gedwongen worden, door de Europese Commissie, om af gedeeltelijk schaffen you, drie jaar na data, Hun Garanties aan de Landesbanken (regionale ontwikkelingsbanken) in Sparkassen (spaar). Naar diversificatie duitse Oostenrijk in Midden-en Oost-Europa zal tijdelijk slechts bieden respijt. U.S. Aangezien Vergroot in Verteert, op zijn minst of Tsjechische Republiek, Hongarije in Pollen in 2004-5 - Duitse franchises of compromisloze zal er onder elf bevoegdheid Commissie van meer.
In het algemeen, Duitsers Slechter dan het pairs must Oostenrijkers in hun extraterritoriale Bankieren ventures. Minder kosmopolitisch, met minder delen blootstelling van het aan de Rijk Habsburgse voormalige in Binnenlandse stagnerende met een worstelt economie - Duitse banken vonden moeilijk om het Centraal-Europese Draaien banken wil zo als succesvol Oostenrijkse go Erste Bank deed. Ze maken pairs must doorgedrongen in niche-gestructureerde financiering markten in Noord-Europe of Verenigde Staten - maar deze excursies willekeurig lijken verschuiving van het een Eerder nadruk bedrijfsleven Studeerde.
Aan de andere kant, Moody's - hoewel Onderhoudt het op het een Duitse kijk negatieve bankwezen - Genoteerd, in november 2001, in banken "financiële kracht in gediversifieerde intrinsieke uitvalsbasis". Started Mise aarzelende Belastinghervorming in the prive-Pensioenen van zijn ook tot ingetogen optimisme redemption.
Ingevolge of aankoop go door Drsedner Bank Allianz, Moody's verwelkomen of opkomst go bankverzekeren in Allfinanz modellen - financiële diensten one stop shops. Banken Duitse gepositioneerd Ook zijn om hun aanzienlijke voordelen go Investeringen in e-commerce, technologie, in the plukken kantorennetwerk herstructurering go hun.
From 1929-1936 kan zijn van Depressie begonnen met de kernsmelting kapitaalmarkten go, go die vooral Wall Street - maar het werd door de instorting verergerd aaneengeschakelde go internationale banksysteem. De wereld is nog meer van Vandaag geïntegreerd. From instorting van een grote of meer kan leiden tot Duitse ernstige banken gevolgen in niet alleen in the eurozone. Het MFI in zijn veel zo zegt "World Economic Outlook", gepubliceerd op 25 september.
In deze ontkennen Duitsers prognose - in to diagnose - heftig. Bundesbank president Ernst Welteke - bestuurslid Centrale Bank van de Europese - bracht deel van het Afgelopen grootste implausibly ontkennen elke week crisis in the Duitse banksector. Dit zijn een slechts "structurele zwakke problemen in the phase," een persconferentie vertelde Ik. Consolidatie Niets oplossen kunnen niet.
Het is weigering om deze werkelijkheid consequente Dat is het Meest zorgwekkend confronteren you. Middellange tot op korte termijn, Duitse banken overleven zullen waarschijnlijk of storm. In het proces, zullen ze hun verliezen greep Ijzeren als op de markt Binnenlandse verdrijft in buitenlandse concurrentie klantentrouw toeneemt. Benarde hun Als ze niet met situatie confronteren you eerlijkheid in onbevangenheid, ze kunnen worden goed tot teruggebracht back-office verheerlijkt uitbreidingen Reuzen mondiale go.
Vaknin is the auteur van Maligne Self Love - Revisited Narcisme After the Rain - Lost Hoe het Westen het Oosten. Hij is columnist voor Centraal-Europe Review, PopMatters, in eBookWeb, een United Press International (UPI) Senior Business Correspondent, in the gezondheid geestelijke redacteur go in Centraal-Oost-Europa categorieën in Open Directory BellaOnline on Suite101.
Tot voor kort, diende Economisch als ik van regering Adviser will Macedonië...
Saturday, 7 December 2013
Begging Your Trust in Africa
From syntax is gemarteld of grammatica verminkt, maar boodschap - verzonden via post, telex, fax of e-mail - is coherent: een Afrikaanse willen bobo of zijn geld erfgenamen vergaard in jaren go over graft in omkoopbaarheid dragen you aan een Veilige bankrekening in het Westen. Zij ontvanger zoeken om toestemming go gebruik van het zijn of haar onopvallende percentage diensten maken voor een van de buit - meestal ensure miljoenen dollars. Vergoeding Een procedure is nodig you versnellen om, om belastingen of betalen you, of om om te kopen ambtenaren - ze aannemelijk verklaren you.
Het is een twee decennia scam oud - in werkt het nog steeds. Vorige Pas maand, voor een een boekhouder Berkley, Michigan Advocatenkantoor bedraad verduisterd $ 2,100,000 in Verschillende naar het bankrekeningen in Zuid-Afrika in Taiwan. Ontvoerd slachtoffers Andere werden als ze naar voor het losgeld buitenland om hun "aandeel" verzamelen you. Nooit Sommigen terug. Elk jaar zijn er 5 zoals moorden, 8-10 snatchings are Amerikaanse alsmede alleen burgers. From gebruikelijke losgeld geëist is een half miljoen tot een miljoen dollar.
From zwendel dat is zo Nigerianen wijdverbreid besloot zelf om het in expliciet verbieden you 419 van het artikel Wetboek van Strafrecht. From Nigeriaanse president, Olusegun Obasanjo of fraudeurs hekelde toebrengen voor het van "onberekenbare schade bedrijven Nigeriaanse aan" in voor "plaatsen van het onder het hele land verdenking".
"Wired" quotes Internationale statistieken Conferentie op gepresenteerd over Advance Fee (419) Fraud in New York op 17 september:
"Ongeveer 1 procent van de miljoenen mensen die 419 e-mails in Faxen opgelicht succesvol worden. Jaarlijks zwendel verliezen voor in de Verenigde Staten in totaal meer $ 100 miljoen give in wetshandhavers Geloven verliezen wereldwijde meer kunnen in totaal give $ 1.5 miljard. "
Volgens of "IFCC 2001 Internet Fraud Report," FBI door gepubliceerd in het National White Collar Crime Center, Nigeriaanse brief bedraagt fraud gevallen grieven 15.5 procent van alle. Internet Fraud Complaint Center Het verwijst rip-offs dergelijke Amerikaanse om geheime dienst. Terwijl of mediaan verlies in allerlei internetfraude was $ 435 - in het een Nigeriaanse duizelingwekkende scam was $ 5,575. Op een Maar tien slechts succesvolle misdaden is gemeld, aldus FBI van het rapport.
From IFCC geeft aan dit potentiële advies doelwitten:
Sceptisch van Wees zichzelf Individuen die andere als buitenlandse Nigeriaanse of vragen ambtenaren om uw hulp bij het grote plaatsen will geld in the overzeese Sommen bankrekeningen.
Belofte Geloof dat niet van geld voor uw grote medewerking Sommen.
Plaats geen informatie over uw spaargeld persoonlijke niet geven, het controleren, Krediet of andere financiële rekeningen.
Als u gevraagd, niet of bevoegde autoriteiten reageren in snel in kennis.
From "419 Coalition" is beknopter in een stuk pessimistischer:
"Nooit niets betalen you up front om Welke redemption.
Welke om Krediet verstrekken nooit redemption.
Doe iets nooit control totdat ontruimt hun.
Verwacht nooit Nigeriaanse geen regering hulp go.
Vertrouwen nooit regering op om uw or bail out. "
Het State Department's Bureau of International Narcotics and Law Enforcement Affairs brochure publiceerde een met de titel "Nigeriaanse Advance Fee Fraud". Het van deze geschiedenis beschrijft of soort bijzondere zwendel:
"AFF criminelen zijn Universitair opgeleide professionals die het beste in de wereld voor geweldloze spectaculaire misdaden. AFF brieven Eerst opgedoken in het midden van de jaren 1980 rond de tijd go ineenstorting go olieprijzen op wereldmarkt, dat is Nigeria's belangrijkste deviezen verdiener. Sommige wendde Nigerianen criminaliteit om zich tot overleven you zoals AFF Regelingen Frauduleuze geslaagd in Nigeria, maakten criminelen Nigeriaanse omdat of gebruik van het feit dat spreken Nigerianen Engels internationale bedrijfsleven taal van het in het land of enormous olierijkdom in aardgasreserves -. gerangschikt 13e in de wereld - kansen zakelijke bieden dat veel lucratieve bedrijven in Particulieren buitenlandse trekken you. "
Bedrijf Volgens Afdeling Metropolitan Police Fraud van Londen, potentiële doelen in het Verenigd Koninkrijk in the Verenigde Staten alleen to ontvangt c. Verzoeken 1500 per week. De geheime dienst Financiėle Criminaliteit Amerikaanse neemt in Division 100 per dag van Amerikanen oproepen benadering con-mannen door. Het Erkent nu dat 'ringen Misdaad georganiseerde loopt Nigeriaanse fraudeconstructies telefoon mail via the nu zijn zo groot Lijnen, dat ze een voor het ernstige bedreiging financiële vertegenwoordigen you land. "
Soms stempels zelfs of brieven dergelijke aangebracht worden op gesmeed. Postbodes Nigeriaanse bekend is onder een dat ze met de fraudeurs hoedje. Namen in adressen verkregen worden uit "vakbladen, bedrijvengidsen, tijdschriften in kranten advertenties, kamers van Koophandel in het internet".
Slachtoffers worden om te ofwel geïntimideerd you klagen of anders terughoudend collusie om hun witwassen toegeven in het van geld in fraud. Om hun Anderen verliezen proberen terug tevergeefs you meer geld verdienen ploegen door in het systeem.
In beeld populaire tegenstelling tot of oplichters zijn bij vaak betrokken gewelddadig in andere criminele bezigheden, zoals drugshandel, Volgens Nigeria Drug Law Enforcement Agency. From plaag heeft naar andere landen verspreid. Uit Brieven Sierra Leone, Ghana, Congo, Liberia, Togo, Ivoorkust, Benin, Burkina Faso, Zuid-Afrika, Taiwan, of zelfs Canada, het Verenigd Koninkrijk, Oman, Vietnam ongewoon zijn niet.
From ontwijkt vallen in een aantal categorieën.
Over-gefactureerde contract of ogenschijnlijke oplichting betrekken bedragen overdracht go via verhoogde bill die naar de bankrekening van een niet-verbonden buitenlandse onderneming. Contract fraud of "trade default 'is gewoon begeleid order nos door een een bankcheque frauduleuze producten voor een van Vraag exportbedrijf vergezeld go naar" monsters "in diverse Transacties" vergoedingen in kosten ".
Sommige van zijn gewoon bizar rackets. In the "wash-wash" truc mensen Vertrouwen betalen tot zijn om bekend $ 200,000 om voor een speciale vlekken oplossing miljoenen in geschende dollar go biljetten verwijderen you. Anderen "kocht" zwaar "korting" Ruwe olie opgeslagen in "geheime" locaties - of FSBO in local rezoned. "Clearing huizen" of "venture capital organisaties" beweren you handelen in naam van de Centrale Bank van opbrengst Nigeria witwassen go oplichting go.
In een andere twist, worden goede doelen, Academische instellingen, non-profit organisaties in groepen Religieuze belasting gevraagd erfenissen om een over betalen you "donatie". Sommige "hoogwaardigheidsbekleders" in proberen kunnen hun familieleden om het land you in vraagt of slachtoffers ontvluchten om door you smeergeld in ruil gaan voor het een van de rijkdom snit royale die in het ze hebben buitenland verstopt.
"Bankiers" kan met vinden accounts miljoenen inactieve dollars - in the loterij vaak winnen - klaar om te worden naar een Veilige overgebracht offshore haven. Bogus banen met zijn een andere opgeblazen ogenschijnlijke lonen manier frauderen you staatsbedrijven - net als go gebruikte auto verkoop van het aan hen doelwit prijs voor een extravagant. Er lijkt criminele geen vindingrijkheid einde aan zijn.
De laatste tijd of correspondentie beweert komen you go - vaak wit - professionele belangeloze derden. Accountants, advocaten, directeuren, beheerders, beveiligingspersoneel, of Bankiers pretenderen handelen you zaakwaarnemers als die voor de echte hulp nodig hoogwaardigheidsbekleder hebben. Slachtoffers goedgelovige onderworpen Minder aan zijn met afpersing oude verbale gewone intimidatie in stalking.
Hoe meer groeit publiek zich met bewust is over-exposure in strakker of aftrek het internationale go samenwerking tegen of zwendel, hoe wilder of verhalen paait. Ondertekend onlangs opgedoken Brieven sterven you Vluchtelingen door, go aanslagen overlevenden van 11 september, in toevallige Amerikaanse commando's op missie in Afghanistan.
Over de hele wereld Regeringen zijn er om op hun Ondernemers ingesteld beschermen you. Het Amerikaanse ministerie van Handel, bijvoorbeeld, publiceert of "World Traders data Report", samengesteld door of Amerikaanse ambassade in Nigeria. Het "biedt of soorten volgende informatie: soorten organisaties, jaar gevestigde, belangrijkste eigenaars, grootte, productlijn in financiële in Commerciële Referenties".
Amerikaanse unilaterale activiteiten, inefficacious samenwerking waarvan met de Nigeriaanse regering gekletst sommige ambtenaren worden om in the deals, multilaterale inspanningen in het kader van de OESO in Interpol, Educatie-in voorlichtingscampagnes - niets lijkt Werken you.
From behandeling go fraudeurs in Nigeria is 419 mild zo dat, volgens of "Nigeria Tribune" in Verenigde Staten sancties dreigde als het land met verbetering van het geen haar aanzienlijke of financiële verslag criminaliteit go over november 2002. Enforcement Network Beide Criminaliteit Financiėle range from U.S. Treasury (FinCEN) in the Financial Action Task Force go OESO (FATF) gekenmerkt land had als het "een van de Ergste daders van wereld financiële misdaden ins". From Nigeriaanse centrale bank belooft grip om op deze slopende krijgen you probleem.
Nigeriaanse zelf - hoewel vaak oplichting slachtoffers go - neem het Fenomeen in stride. From Nigeriaanse "Daily Champion ', dit aangeboden meedogenloze inzichtelijke apologie in genadeloze namens of 419 Bendes. Het is aan om de moeite waard halen you lengte:
"419 Om uit plaag roeien you, leiders niveaus op alle om moeten Werkgelegenheid ijverig Werken in the mensen of perceptie go als rolmodellen leiders believein you. Het land is zeer hoog werkloosheidscijfer zogenaamde is onzin go democratie dividenden gemaakt. Grote meerderheid go of Nigeriaanse jeugdige schoolverlater, waaronder University afgestudeerden, zichtbare middelen van zijn zonder bestaan ... Het blijft meeste een feit dat deze van niet kunnen jongeren krioelende gewoon zogenaamde kijken naar onze God leiders siphon gegeven hun Rijken door. Dus, ze toevlucht middelen go tot bestaan Alternatieve genoemd frauduleuze 419, in Ieder geval you gezien worden als zijn die aangekomen ... Sommige van zijn in de Nationale 419ers Vergadering in State Houses of Assembly terwijl sommige omringen of president in gouverneurs in het hele land. "
Criminele hun Sommige activiteiten proberen oplichters verheerlijken historische met een Politieke in context. De website van de "419 Coalition" bevat scam letters gieten go als een vorm van voor gedwongen slavernij eerherstel, door vergoeding verwant Duitsland aan aan betaald holocaust overlevenden go. Het van het bogen Vertrouwen oplichten tricksters go 'blanke beschaving "in het van valsheid ontmaskeren go vorderingen voor haar superioriteit. Maar een paar Individuen waanvoorstellingen terzijde, dit is een give rookgordijn niets anders.
Opweegt Hebzucht hebzucht tegen angst in gaas mensen in duidelijk criminele ondernemingen. From "slachtoffers" advance fee scams van zijn van hun vermeende incognizant zelden role. Zij bewust in opzettelijk zelf-beleden samenspannen criminelen met you in instellingen overheden peuteren. Dit is een van de zeldzame misdaden dader waar of prooi in goed kunnen Elkaar verdienen.
Vaknin is the auteur van Maligne Self Love - Revisited Narcisme After the Rain - Lost Hoe het Westen het Oosten. Hij is columnist voor Centraal-Europe Review, PopMatters, in eBookWeb, een United Press International (UPI) Senior Business Correspondent, in the gezondheid geestelijke redacteur go in Centraal-Oost-Europa categorieën in Open Directory BellaOnline on Suite101....
Het is een twee decennia scam oud - in werkt het nog steeds. Vorige Pas maand, voor een een boekhouder Berkley, Michigan Advocatenkantoor bedraad verduisterd $ 2,100,000 in Verschillende naar het bankrekeningen in Zuid-Afrika in Taiwan. Ontvoerd slachtoffers Andere werden als ze naar voor het losgeld buitenland om hun "aandeel" verzamelen you. Nooit Sommigen terug. Elk jaar zijn er 5 zoals moorden, 8-10 snatchings are Amerikaanse alsmede alleen burgers. From gebruikelijke losgeld geëist is een half miljoen tot een miljoen dollar.
From zwendel dat is zo Nigerianen wijdverbreid besloot zelf om het in expliciet verbieden you 419 van het artikel Wetboek van Strafrecht. From Nigeriaanse president, Olusegun Obasanjo of fraudeurs hekelde toebrengen voor het van "onberekenbare schade bedrijven Nigeriaanse aan" in voor "plaatsen van het onder het hele land verdenking".
"Wired" quotes Internationale statistieken Conferentie op gepresenteerd over Advance Fee (419) Fraud in New York op 17 september:
"Ongeveer 1 procent van de miljoenen mensen die 419 e-mails in Faxen opgelicht succesvol worden. Jaarlijks zwendel verliezen voor in de Verenigde Staten in totaal meer $ 100 miljoen give in wetshandhavers Geloven verliezen wereldwijde meer kunnen in totaal give $ 1.5 miljard. "
Volgens of "IFCC 2001 Internet Fraud Report," FBI door gepubliceerd in het National White Collar Crime Center, Nigeriaanse brief bedraagt fraud gevallen grieven 15.5 procent van alle. Internet Fraud Complaint Center Het verwijst rip-offs dergelijke Amerikaanse om geheime dienst. Terwijl of mediaan verlies in allerlei internetfraude was $ 435 - in het een Nigeriaanse duizelingwekkende scam was $ 5,575. Op een Maar tien slechts succesvolle misdaden is gemeld, aldus FBI van het rapport.
From IFCC geeft aan dit potentiële advies doelwitten:
Sceptisch van Wees zichzelf Individuen die andere als buitenlandse Nigeriaanse of vragen ambtenaren om uw hulp bij het grote plaatsen will geld in the overzeese Sommen bankrekeningen.
Belofte Geloof dat niet van geld voor uw grote medewerking Sommen.
Plaats geen informatie over uw spaargeld persoonlijke niet geven, het controleren, Krediet of andere financiële rekeningen.
Als u gevraagd, niet of bevoegde autoriteiten reageren in snel in kennis.
From "419 Coalition" is beknopter in een stuk pessimistischer:
"Nooit niets betalen you up front om Welke redemption.
Welke om Krediet verstrekken nooit redemption.
Doe iets nooit control totdat ontruimt hun.
Verwacht nooit Nigeriaanse geen regering hulp go.
Vertrouwen nooit regering op om uw or bail out. "
Het State Department's Bureau of International Narcotics and Law Enforcement Affairs brochure publiceerde een met de titel "Nigeriaanse Advance Fee Fraud". Het van deze geschiedenis beschrijft of soort bijzondere zwendel:
"AFF criminelen zijn Universitair opgeleide professionals die het beste in de wereld voor geweldloze spectaculaire misdaden. AFF brieven Eerst opgedoken in het midden van de jaren 1980 rond de tijd go ineenstorting go olieprijzen op wereldmarkt, dat is Nigeria's belangrijkste deviezen verdiener. Sommige wendde Nigerianen criminaliteit om zich tot overleven you zoals AFF Regelingen Frauduleuze geslaagd in Nigeria, maakten criminelen Nigeriaanse omdat of gebruik van het feit dat spreken Nigerianen Engels internationale bedrijfsleven taal van het in het land of enormous olierijkdom in aardgasreserves -. gerangschikt 13e in de wereld - kansen zakelijke bieden dat veel lucratieve bedrijven in Particulieren buitenlandse trekken you. "
Bedrijf Volgens Afdeling Metropolitan Police Fraud van Londen, potentiële doelen in het Verenigd Koninkrijk in the Verenigde Staten alleen to ontvangt c. Verzoeken 1500 per week. De geheime dienst Financiėle Criminaliteit Amerikaanse neemt in Division 100 per dag van Amerikanen oproepen benadering con-mannen door. Het Erkent nu dat 'ringen Misdaad georganiseerde loopt Nigeriaanse fraudeconstructies telefoon mail via the nu zijn zo groot Lijnen, dat ze een voor het ernstige bedreiging financiële vertegenwoordigen you land. "
Soms stempels zelfs of brieven dergelijke aangebracht worden op gesmeed. Postbodes Nigeriaanse bekend is onder een dat ze met de fraudeurs hoedje. Namen in adressen verkregen worden uit "vakbladen, bedrijvengidsen, tijdschriften in kranten advertenties, kamers van Koophandel in het internet".
Slachtoffers worden om te ofwel geïntimideerd you klagen of anders terughoudend collusie om hun witwassen toegeven in het van geld in fraud. Om hun Anderen verliezen proberen terug tevergeefs you meer geld verdienen ploegen door in het systeem.
In beeld populaire tegenstelling tot of oplichters zijn bij vaak betrokken gewelddadig in andere criminele bezigheden, zoals drugshandel, Volgens Nigeria Drug Law Enforcement Agency. From plaag heeft naar andere landen verspreid. Uit Brieven Sierra Leone, Ghana, Congo, Liberia, Togo, Ivoorkust, Benin, Burkina Faso, Zuid-Afrika, Taiwan, of zelfs Canada, het Verenigd Koninkrijk, Oman, Vietnam ongewoon zijn niet.
From ontwijkt vallen in een aantal categorieën.
Over-gefactureerde contract of ogenschijnlijke oplichting betrekken bedragen overdracht go via verhoogde bill die naar de bankrekening van een niet-verbonden buitenlandse onderneming. Contract fraud of "trade default 'is gewoon begeleid order nos door een een bankcheque frauduleuze producten voor een van Vraag exportbedrijf vergezeld go naar" monsters "in diverse Transacties" vergoedingen in kosten ".
Sommige van zijn gewoon bizar rackets. In the "wash-wash" truc mensen Vertrouwen betalen tot zijn om bekend $ 200,000 om voor een speciale vlekken oplossing miljoenen in geschende dollar go biljetten verwijderen you. Anderen "kocht" zwaar "korting" Ruwe olie opgeslagen in "geheime" locaties - of FSBO in local rezoned. "Clearing huizen" of "venture capital organisaties" beweren you handelen in naam van de Centrale Bank van opbrengst Nigeria witwassen go oplichting go.
In een andere twist, worden goede doelen, Academische instellingen, non-profit organisaties in groepen Religieuze belasting gevraagd erfenissen om een over betalen you "donatie". Sommige "hoogwaardigheidsbekleders" in proberen kunnen hun familieleden om het land you in vraagt of slachtoffers ontvluchten om door you smeergeld in ruil gaan voor het een van de rijkdom snit royale die in het ze hebben buitenland verstopt.
"Bankiers" kan met vinden accounts miljoenen inactieve dollars - in the loterij vaak winnen - klaar om te worden naar een Veilige overgebracht offshore haven. Bogus banen met zijn een andere opgeblazen ogenschijnlijke lonen manier frauderen you staatsbedrijven - net als go gebruikte auto verkoop van het aan hen doelwit prijs voor een extravagant. Er lijkt criminele geen vindingrijkheid einde aan zijn.
De laatste tijd of correspondentie beweert komen you go - vaak wit - professionele belangeloze derden. Accountants, advocaten, directeuren, beheerders, beveiligingspersoneel, of Bankiers pretenderen handelen you zaakwaarnemers als die voor de echte hulp nodig hoogwaardigheidsbekleder hebben. Slachtoffers goedgelovige onderworpen Minder aan zijn met afpersing oude verbale gewone intimidatie in stalking.
Hoe meer groeit publiek zich met bewust is over-exposure in strakker of aftrek het internationale go samenwerking tegen of zwendel, hoe wilder of verhalen paait. Ondertekend onlangs opgedoken Brieven sterven you Vluchtelingen door, go aanslagen overlevenden van 11 september, in toevallige Amerikaanse commando's op missie in Afghanistan.
Over de hele wereld Regeringen zijn er om op hun Ondernemers ingesteld beschermen you. Het Amerikaanse ministerie van Handel, bijvoorbeeld, publiceert of "World Traders data Report", samengesteld door of Amerikaanse ambassade in Nigeria. Het "biedt of soorten volgende informatie: soorten organisaties, jaar gevestigde, belangrijkste eigenaars, grootte, productlijn in financiële in Commerciële Referenties".
Amerikaanse unilaterale activiteiten, inefficacious samenwerking waarvan met de Nigeriaanse regering gekletst sommige ambtenaren worden om in the deals, multilaterale inspanningen in het kader van de OESO in Interpol, Educatie-in voorlichtingscampagnes - niets lijkt Werken you.
From behandeling go fraudeurs in Nigeria is 419 mild zo dat, volgens of "Nigeria Tribune" in Verenigde Staten sancties dreigde als het land met verbetering van het geen haar aanzienlijke of financiële verslag criminaliteit go over november 2002. Enforcement Network Beide Criminaliteit Financiėle range from U.S. Treasury (FinCEN) in the Financial Action Task Force go OESO (FATF) gekenmerkt land had als het "een van de Ergste daders van wereld financiële misdaden ins". From Nigeriaanse centrale bank belooft grip om op deze slopende krijgen you probleem.
Nigeriaanse zelf - hoewel vaak oplichting slachtoffers go - neem het Fenomeen in stride. From Nigeriaanse "Daily Champion ', dit aangeboden meedogenloze inzichtelijke apologie in genadeloze namens of 419 Bendes. Het is aan om de moeite waard halen you lengte:
"419 Om uit plaag roeien you, leiders niveaus op alle om moeten Werkgelegenheid ijverig Werken in the mensen of perceptie go als rolmodellen leiders believein you. Het land is zeer hoog werkloosheidscijfer zogenaamde is onzin go democratie dividenden gemaakt. Grote meerderheid go of Nigeriaanse jeugdige schoolverlater, waaronder University afgestudeerden, zichtbare middelen van zijn zonder bestaan ... Het blijft meeste een feit dat deze van niet kunnen jongeren krioelende gewoon zogenaamde kijken naar onze God leiders siphon gegeven hun Rijken door. Dus, ze toevlucht middelen go tot bestaan Alternatieve genoemd frauduleuze 419, in Ieder geval you gezien worden als zijn die aangekomen ... Sommige van zijn in de Nationale 419ers Vergadering in State Houses of Assembly terwijl sommige omringen of president in gouverneurs in het hele land. "
Criminele hun Sommige activiteiten proberen oplichters verheerlijken historische met een Politieke in context. De website van de "419 Coalition" bevat scam letters gieten go als een vorm van voor gedwongen slavernij eerherstel, door vergoeding verwant Duitsland aan aan betaald holocaust overlevenden go. Het van het bogen Vertrouwen oplichten tricksters go 'blanke beschaving "in het van valsheid ontmaskeren go vorderingen voor haar superioriteit. Maar een paar Individuen waanvoorstellingen terzijde, dit is een give rookgordijn niets anders.
Opweegt Hebzucht hebzucht tegen angst in gaas mensen in duidelijk criminele ondernemingen. From "slachtoffers" advance fee scams van zijn van hun vermeende incognizant zelden role. Zij bewust in opzettelijk zelf-beleden samenspannen criminelen met you in instellingen overheden peuteren. Dit is een van de zeldzame misdaden dader waar of prooi in goed kunnen Elkaar verdienen.
Vaknin is the auteur van Maligne Self Love - Revisited Narcisme After the Rain - Lost Hoe het Westen het Oosten. Hij is columnist voor Centraal-Europe Review, PopMatters, in eBookWeb, een United Press International (UPI) Senior Business Correspondent, in the gezondheid geestelijke redacteur go in Centraal-Oost-Europa categorieën in Open Directory BellaOnline on Suite101....
Thursday, 5 December 2013
Porter's Five Forces Analysis
If you've ever listened to Warren Buffett talk about investing, you've heard him mention the idea of a canal company. The canal is a simple way of describing competitive advantages of a company. Company with a strong competitive advantage have large moats, and therefore higher profit margins. And investors should always be concerned with profit margins.
This article looks at a method called the Porter's Five Forces Analysis. In his book Competitive Strategy, Harvard professor Michael Porter describes five forces that corporate profitability. These are the five forces he noted:
Intensity of rivalry among existing competitors
Threat of entry of new competitors
Pressure from substitute products
Bargaining power of buyers (customers)
Bargaining power of suppliers
These five forces, taken together, give us insight into a company's competitiveness and profitability.
Rivals
Rivals are competitors within an industry. Rivalry in the industry can be weak, competing with few competitors who do not very aggressive. Or it can be intense, with many competitors fighting in a cutthroat environment.
Factors affecting the intensity of rivalry are:
Number of enterprises - more companies will lead to more competition.
Fixed costs - with high fixed costs as a percentage of total costs, companies need to sell to cover those costs, increasing competition in the market more products.
Product differentiation - Products that are relatively the same will compete based on price. Brand identification can reduce rivalry.
Newcomers
One of the defining characteristics of competitive advantage of the industry's barrier to access. Industries with high barriers to entry are usually too expensive for new companies to enter. Industries with low barriers to entry are relatively cheap for new firms to enter.
The threat of new entrants increases as the barrier to entry is reduced into one market. As more companies enter the market, will see you rise rivalry and profitability will fall (theoretically) to the point where there is no incentive for new companies to enter the industry.
Here are some common barriers:
Patents - patented technology can be a huge obstacle other companies from entering the market.
High cost of entry - the more it will cost to get started in an industry, the higher the barrier to entry.
Brand loyalty - when brand loyalty is strong within an industry, it can be difficult and expensive to enter a new product market.
Substitute Products
This is probably the most overlooked, and therefore most harmful part of the strategic decision-making. It is imperative that business owners (us) not only look at what the company's direct competitors are doing, but what other types of products people could buy instead.
When switching costs (the costs which a customer is switching to a new product on) are low the threat of substitutes is high. As is the case when dealing with newcomers, businesses can aggressively pricing their products to keep switching people. When the threat of substitutes is high, profit margins tend to be low.
Copper Power
There are two types of purchasing power. The first relates to the customer price sensitivity. If any brand of a product is equal to all others, then the buyer will purchase decisions based mainly on price. This will increase. The competition, resulting in lower prices and lower profitability
The other type of buyer power relates to negotiating position. Larger buyers tend to have more influence at the firm, and can negotiate reduced rates. When there are many small buyers of a product, all other things being equal, the company that the product will have higher prices and higher margins. Conversely, if a company sells to a few large customers, those buyers will have significant leverage to negotiate better prices.
Some factors affecting buyer power are:
Size of copper - more buyers will be more power over suppliers.
Number of buyers - if a small number of buyers, they tend to have more power over suppliers. The Ministry of Defence is an example of a single buyer with a lot of power over suppliers.
Purchase quantity - When a customer purchases a large amount of a suppliers output, will exercise on the supplier the more power.
Supplier Power
Power buyer looks at the relative power of customers a company has more than. When multiple vendors are producing a commoditized product, the company will buy its decision primarily based on price, which tends to lower costs. On the other hand, if a single supplier is something the company should have produced, the company little leverage to negotiate a better price.
Size plays a factor here as well. If the company is much larger than its suppliers, and purchases in large quantities, then the supplier will have a very limited power to negotiate. Using Wal-Mart as an example, we find that suppliers have no power, because Wal-Mart purchases in such large quantities.
A few factors that determine supplier power are:
Supplier concentration - The fewer the number of suppliers for a given product, the more power they have over the company.
Switching costs - suppliers become more powerful as the cost to change to another supplier increases.
Uniqueness of product - suppliers that produce products specifically for a company will have more power than suppliers of raw materials.
It is important to these five forces and their impact on companies we want to invest in. The Porter Five Forces analysis will give you a good explanation for the profitability of an industry and analyze. Companies within this If you want to know why a company is able, or unable, to make a decent profit, this is the first analysis you should do....
This article looks at a method called the Porter's Five Forces Analysis. In his book Competitive Strategy, Harvard professor Michael Porter describes five forces that corporate profitability. These are the five forces he noted:
Intensity of rivalry among existing competitors
Threat of entry of new competitors
Pressure from substitute products
Bargaining power of buyers (customers)
Bargaining power of suppliers
These five forces, taken together, give us insight into a company's competitiveness and profitability.
Rivals
Rivals are competitors within an industry. Rivalry in the industry can be weak, competing with few competitors who do not very aggressive. Or it can be intense, with many competitors fighting in a cutthroat environment.
Factors affecting the intensity of rivalry are:
Number of enterprises - more companies will lead to more competition.
Fixed costs - with high fixed costs as a percentage of total costs, companies need to sell to cover those costs, increasing competition in the market more products.
Product differentiation - Products that are relatively the same will compete based on price. Brand identification can reduce rivalry.
Newcomers
One of the defining characteristics of competitive advantage of the industry's barrier to access. Industries with high barriers to entry are usually too expensive for new companies to enter. Industries with low barriers to entry are relatively cheap for new firms to enter.
The threat of new entrants increases as the barrier to entry is reduced into one market. As more companies enter the market, will see you rise rivalry and profitability will fall (theoretically) to the point where there is no incentive for new companies to enter the industry.
Here are some common barriers:
Patents - patented technology can be a huge obstacle other companies from entering the market.
High cost of entry - the more it will cost to get started in an industry, the higher the barrier to entry.
Brand loyalty - when brand loyalty is strong within an industry, it can be difficult and expensive to enter a new product market.
Substitute Products
This is probably the most overlooked, and therefore most harmful part of the strategic decision-making. It is imperative that business owners (us) not only look at what the company's direct competitors are doing, but what other types of products people could buy instead.
When switching costs (the costs which a customer is switching to a new product on) are low the threat of substitutes is high. As is the case when dealing with newcomers, businesses can aggressively pricing their products to keep switching people. When the threat of substitutes is high, profit margins tend to be low.
Copper Power
There are two types of purchasing power. The first relates to the customer price sensitivity. If any brand of a product is equal to all others, then the buyer will purchase decisions based mainly on price. This will increase. The competition, resulting in lower prices and lower profitability
The other type of buyer power relates to negotiating position. Larger buyers tend to have more influence at the firm, and can negotiate reduced rates. When there are many small buyers of a product, all other things being equal, the company that the product will have higher prices and higher margins. Conversely, if a company sells to a few large customers, those buyers will have significant leverage to negotiate better prices.
Some factors affecting buyer power are:
Size of copper - more buyers will be more power over suppliers.
Number of buyers - if a small number of buyers, they tend to have more power over suppliers. The Ministry of Defence is an example of a single buyer with a lot of power over suppliers.
Purchase quantity - When a customer purchases a large amount of a suppliers output, will exercise on the supplier the more power.
Supplier Power
Power buyer looks at the relative power of customers a company has more than. When multiple vendors are producing a commoditized product, the company will buy its decision primarily based on price, which tends to lower costs. On the other hand, if a single supplier is something the company should have produced, the company little leverage to negotiate a better price.
Size plays a factor here as well. If the company is much larger than its suppliers, and purchases in large quantities, then the supplier will have a very limited power to negotiate. Using Wal-Mart as an example, we find that suppliers have no power, because Wal-Mart purchases in such large quantities.
A few factors that determine supplier power are:
Supplier concentration - The fewer the number of suppliers for a given product, the more power they have over the company.
Switching costs - suppliers become more powerful as the cost to change to another supplier increases.
Uniqueness of product - suppliers that produce products specifically for a company will have more power than suppliers of raw materials.
It is important to these five forces and their impact on companies we want to invest in. The Porter Five Forces analysis will give you a good explanation for the profitability of an industry and analyze. Companies within this If you want to know why a company is able, or unable, to make a decent profit, this is the first analysis you should do....
Tuesday, 3 December 2013
What is an Investor Ready Business Plan
A Business Plan, as all good entrepreneurs starting out in life should know is the foundation, or rather a springboard, towards the establishment and growth of a new business. A business plan is an essential tool for companies raising capital - and your business plan needs to be Investor Ready.
What is an Investor Ready Business Plan?
An investor ready business plan is a document that is professionally prepared for the needs of both venture capitalists and angel investors to meet. In your Business Plan, you should be able to see through the eye of the investor your own project. Your plan should be able to answer. Concerns of an investor
The investors, both VCs and angels, risking to invest in your company in the hope of long-term returns that are worth many times their original investment. Their hard earned capital by An Investor Ready Business Plan demonstrates to investors that you are an expert in your industry and that you have a clear mission. An entrepreneur addresses these needs by prepareing a comprehensive and detailed overview of their business objectives and goals. Some important sections that address different interests of investors are below:
Management
Investors invest in management - not just ideas. It is very important that you express to your company as well as you can. Your knowledge, passion and dedication The competence of your team along with their experience levels and their commitment levels are also factors that investors look at before making their investment decisions.
Customers
It is important to communicate to investors that you understand the needs of your customers and your marketing articulate within your business plan.
Product / service description
A full description of the product or services you offer should be described in detail. A description of the overall market for your product or service, together with the details of your customer base is essential. The investors need to extend the range and type of customers your product / service is catering to know.
Marketing Plan
One of the most important parts of your business plan is your marketing plan. This section will outline your sustainable competitive advantage to your investors. In a way assure them why you will succeed where others have failed. This section is where you include a definitive description of your customers, market size, demographics, characteristics, growth prospects, trends and sales potential per product / service category.
Here is where the pricing strategies are outlined and how they can directly influence. Growth potential of each product / service It is also important to future growth, market share and trend influences include.
Barriers to entry
Along with giving the details of what your product / service is and who your customers are, you also have to inform your investors how to prevent your competitors from taking away your customers. The barriers to entry section outlines your business strategy to keep your competitors at bay and grow in the market. Investors should feel comfortable about the soundness of your strategy before they invest in your company.
Click here to contact us to learn about writing an investor ready business plan more us:
Howard Schwartz is a business plan consultant and partner at www.investorbusinessplan.com. He is located in Stanford, Connecticut, and has many young entrepreneurs start working on business plans with them. Their careers by He can be reached at 203-494-3344 and
What is an Investor Ready Business Plan?
An investor ready business plan is a document that is professionally prepared for the needs of both venture capitalists and angel investors to meet. In your Business Plan, you should be able to see through the eye of the investor your own project. Your plan should be able to answer. Concerns of an investor
The investors, both VCs and angels, risking to invest in your company in the hope of long-term returns that are worth many times their original investment. Their hard earned capital by An Investor Ready Business Plan demonstrates to investors that you are an expert in your industry and that you have a clear mission. An entrepreneur addresses these needs by prepareing a comprehensive and detailed overview of their business objectives and goals. Some important sections that address different interests of investors are below:
Management
Investors invest in management - not just ideas. It is very important that you express to your company as well as you can. Your knowledge, passion and dedication The competence of your team along with their experience levels and their commitment levels are also factors that investors look at before making their investment decisions.
Customers
It is important to communicate to investors that you understand the needs of your customers and your marketing articulate within your business plan.
Product / service description
A full description of the product or services you offer should be described in detail. A description of the overall market for your product or service, together with the details of your customer base is essential. The investors need to extend the range and type of customers your product / service is catering to know.
Marketing Plan
One of the most important parts of your business plan is your marketing plan. This section will outline your sustainable competitive advantage to your investors. In a way assure them why you will succeed where others have failed. This section is where you include a definitive description of your customers, market size, demographics, characteristics, growth prospects, trends and sales potential per product / service category.
Here is where the pricing strategies are outlined and how they can directly influence. Growth potential of each product / service It is also important to future growth, market share and trend influences include.
Barriers to entry
Along with giving the details of what your product / service is and who your customers are, you also have to inform your investors how to prevent your competitors from taking away your customers. The barriers to entry section outlines your business strategy to keep your competitors at bay and grow in the market. Investors should feel comfortable about the soundness of your strategy before they invest in your company.
Click here to contact us to learn about writing an investor ready business plan more us:
Howard Schwartz is a business plan consultant and partner at www.investorbusinessplan.com. He is located in Stanford, Connecticut, and has many young entrepreneurs start working on business plans with them. Their careers by He can be reached at 203-494-3344 and
Sunday, 1 December 2013
25 Ways to Find Companies to Buy
When you start the program to purchase your "ideal" company you quickly realize that your ultimate success will depend on two primary skills: 1) Your ability to FIND viable companies that are for sale, and 2) Your ability to effectively qualify the potential acquisition investment ever found.
This article is about only one step, how to creatively find viable companies and one of which can be purchased.
Assuming you clear your business purchase criteria defined and you have decided to only companies that "officially" to pursue for sale versus trying to find and contact business owners who are willing to sell could be, you need to explore as many if you can find ways to businesses as possible. for sale
As a business buyer, you want the best possible use of resources to position themselves to get the first shot at your most promising acquisition candidates yourself and to do such as make. Cost effective way possible
Often the more "creative" you are to find, offers the faster you will find. 'Right' deal The more diverse your means to locate for sale the better your chances of finding a quality acquisition candidate that few others are aware of. Viable businesses
When you pursue acquisition candidates you really never know where your next deal will come from. It can be word-of-mouth reading something in a newspaper, visit a website or a cable of an association meeting. Below are some ways that you can use to find companies to buy:
25 Ways to Find businesses for sale
Investment Bankers: Regional, National, International
Investment Banker websites: Listings of businesses for sale
Business Brokers: Regional and National
Business Brokerage Websites: Advertisements businesses for sale
Venture Capital Firms: Good reference potential
Mezzanine Lenders: regional, national, always aware of potential deals
Newspapers: Listings in local, regional, national and industry-specific
Magazines: Listings in regional, national and industry-specific
Newsletters: Listings in printed or "E-zine" on the Internet - Industry specific
Commercial banks: Many of their customers are considering selling their business
Consultants: All races, many have extensive practice and many owner contacts
Associations: All races, some are focused only on merger & acquisition activity
Business Directories: All forms of print and electronic, many industry specific
M & A Service Providers: They know who sells what is often on a national basis
Product Suppliers: Many manufacturers / distributors in the know
Scholarships: Walk a fair in an industry of interest, seller happy to talk!
Accountants: Many have large practices with extensive business contacts
Professors: Many offer advisory services to entrepreneurs or executives
Corporate Officers: Especially Corporate Development managers, looking for "spin-offs"
Bank Trust Departments: Sometimes viable businesses surface in trust situations
M & A Legal Specialists: Many are in the "crosswind" constant deal opportunities
Networking Meetings: Your local business newspaper publishes many of these
Technology licensors: Always be aware of companies to "out" of new technologies
Directory of directors: directors usually know other board
Business Associates: Current and previous business partners and service providers
This "25 Ways to Find businesses for sale" are just some of the creative resources you can use to find. Acquisition candidates Keep this list and add your own methods as soon as you start your business. Chase program With today's endless possibilities of the Internet, its global reach in various countries, sectors and industry participants, there are countless variations for most of those listed here.
So important about proactive to find companies to acquire interests you so diligently to meet your specific business purchase and send out the purchase criteria whenever and wherever possible and document. Entrepreneurs, individuals, companies with multiple divisions, merger and acquisition intermediaries, private equity firms need to know who you are and what the specific businesses you try to buy.
This notification effort can be manifested in printed or "electronic" formats. The Internet is again the most cost effective way to purchase your exact business document. Criteria and interests But be aware that there are few e-commerce sites that are specifically suited proactive business buyer needs. Most business transaction sites focus on a list of businesses for sale, facilitating primarily business sellers needs, not corporate buyers.
Take the time and effort to identify businesses to purchase to explore and try. These various means Some will be more productive than others, while some may be more meet your specific business requirements pursuit. You have to do what you need to throw as much hay as you can for that needle in the stack!...
This article is about only one step, how to creatively find viable companies and one of which can be purchased.
Assuming you clear your business purchase criteria defined and you have decided to only companies that "officially" to pursue for sale versus trying to find and contact business owners who are willing to sell could be, you need to explore as many if you can find ways to businesses as possible. for sale
As a business buyer, you want the best possible use of resources to position themselves to get the first shot at your most promising acquisition candidates yourself and to do such as make. Cost effective way possible
Often the more "creative" you are to find, offers the faster you will find. 'Right' deal The more diverse your means to locate for sale the better your chances of finding a quality acquisition candidate that few others are aware of. Viable businesses
When you pursue acquisition candidates you really never know where your next deal will come from. It can be word-of-mouth reading something in a newspaper, visit a website or a cable of an association meeting. Below are some ways that you can use to find companies to buy:
25 Ways to Find businesses for sale
Investment Bankers: Regional, National, International
Investment Banker websites: Listings of businesses for sale
Business Brokers: Regional and National
Business Brokerage Websites: Advertisements businesses for sale
Venture Capital Firms: Good reference potential
Mezzanine Lenders: regional, national, always aware of potential deals
Newspapers: Listings in local, regional, national and industry-specific
Magazines: Listings in regional, national and industry-specific
Newsletters: Listings in printed or "E-zine" on the Internet - Industry specific
Commercial banks: Many of their customers are considering selling their business
Consultants: All races, many have extensive practice and many owner contacts
Associations: All races, some are focused only on merger & acquisition activity
Business Directories: All forms of print and electronic, many industry specific
M & A Service Providers: They know who sells what is often on a national basis
Product Suppliers: Many manufacturers / distributors in the know
Scholarships: Walk a fair in an industry of interest, seller happy to talk!
Accountants: Many have large practices with extensive business contacts
Professors: Many offer advisory services to entrepreneurs or executives
Corporate Officers: Especially Corporate Development managers, looking for "spin-offs"
Bank Trust Departments: Sometimes viable businesses surface in trust situations
M & A Legal Specialists: Many are in the "crosswind" constant deal opportunities
Networking Meetings: Your local business newspaper publishes many of these
Technology licensors: Always be aware of companies to "out" of new technologies
Directory of directors: directors usually know other board
Business Associates: Current and previous business partners and service providers
This "25 Ways to Find businesses for sale" are just some of the creative resources you can use to find. Acquisition candidates Keep this list and add your own methods as soon as you start your business. Chase program With today's endless possibilities of the Internet, its global reach in various countries, sectors and industry participants, there are countless variations for most of those listed here.
So important about proactive to find companies to acquire interests you so diligently to meet your specific business purchase and send out the purchase criteria whenever and wherever possible and document. Entrepreneurs, individuals, companies with multiple divisions, merger and acquisition intermediaries, private equity firms need to know who you are and what the specific businesses you try to buy.
This notification effort can be manifested in printed or "electronic" formats. The Internet is again the most cost effective way to purchase your exact business document. Criteria and interests But be aware that there are few e-commerce sites that are specifically suited proactive business buyer needs. Most business transaction sites focus on a list of businesses for sale, facilitating primarily business sellers needs, not corporate buyers.
Take the time and effort to identify businesses to purchase to explore and try. These various means Some will be more productive than others, while some may be more meet your specific business requirements pursuit. You have to do what you need to throw as much hay as you can for that needle in the stack!...
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