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Archive for 14. March 2009Reinvesting When Terrified - A Must Read14. March 2009 by Dan Walkow, CFA, CMT.
“As this crisis climaxes, formerly reasonable people will start to predict the end of the world, armed with plenty of terrifying and accurate data that will serve to reinforce the wisdom of your caution. Those who were over invested will be catatonic and just sit and pray. Those few who look brilliant, oozing cash, will not want to easily give up their brilliance. - terminal paralysis sets in.” Reinvesting When Terrified is a must read! For more by Jeremy Granthan visit the GMO website here. Grantham does not pull any punches and if you want to be a successful investor these gems of wisdom are priceless. There is only one cure for terminal paralysis: you absolutely must have a battle plan for reinvestment and stick to it. Getting a “Financial Battle Plan`in order now will pay off for those investors who have a view to the future and not the past. Posted in Uncategorized | No Comments » If You Stashed the Cash Offshore..14. March 2009 by Dan Walkow, CFA, CMT.
You might want to hire a competent tax attorney before they get swamped with business. Recent actions and pending legislation by the US government with regards to persons having secret offshore accounts is sending cold chills down the backs of offshore investors and their financial advisers alike. The charge is being led by Senator Carl Levin. If you thought British crown dependencies such as Jersey, Guernsey, the Isle of Man were safe you might want to see what the Guardian has to say here. I guess its back to burying gold coins in the backyard…… Posted in Uncategorized | No Comments » Mexico - Out of Control14. March 2009 by Dan Walkow, CFA, CMT.
For those of you who own property or travel to Mexico on vacation you may want to pay attention to the rapidly escalating war-like conditions that are fast emerging across Mexico. According to the LA times, since Mexican President Felipe Calederon declared war on the drug traffickers in 2007, there have been 7,337 drug war related deaths which is more than the US fatalities incurred in the Iraq war. In recent months events have taken a ugly tone with drug gangs acquiring military type armaments such as rocket-propelled grenades and explosives as they battle each other, the Mexican police and the military. As the violence spreads the US authorities are becoming increasingly concerned as there seems to be no end in sight. To gain an understanding as to the seriousness and the depth of the problem check out the excellent coverage by the LA times recent article ” Drug Cartel’s New Weaponary Means War” For an understanding of the magnitude of whats happening and how the violent trend is accelerating read Mexico Under Siege Posted in Uncategorized | No Comments »
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