All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Tuesday, 31 May 2011
Greece Will Default, But When?
Greece Will Default, But When?
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
IMF Grand Prix: Can BRICS break boss tradition?
May 30, 2011
The race to run the International Monetary Fund is not so much about who, but where the candidate comes from. Europe traditionally decides who gets the post - and the EU is already pushing its preferred choice, making it hard for others to get a look in. But the five leading emerging economies say it's time someone else had a go. Irina Galushko reports on how the BRICS countries of Brazil, Russia, India, China and South Africa are refusing to take 'no' for an answer.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Asia week ahead: India GDP, China PMI
http://www.marketwatch.com
Asia week ahead: India GDP, China PMI
India's January-March gross domestic product figures will be in the spotlight, as well as key reports on Chinese manufacturing and Japanese industrial output and employment data for April. MarketWatch's Lisa Twaronite in Tokyo looks at the week ahead.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gold at three-week high on Greek woes
METALS STOCKS
May 30, 2011, 3:50 p.m. EDT
Gold at three-week high on Greek woes
Gold legal currency in Utah, with other states considering the move
By Virginia Harrison, MarketWatch
NEW YORK (MarketWatch) — Gold futures on Monday rose to a three-week high as ongoing concern about Greek sovereign debt heightened the safe-haven appeal of the metal.
Gold for August delivery GCQ11 +0.23% , the most-active contract, rose $2.50, or 0.2%, to $1,539.8 an ounce in electronic trade on the Comex division of the New York Mercantile Exchange.
Silver also moved higher, with the July contract SIN11 +1.17% rising 23 cents, or 0.6%, to $38.09.
In Athens, Greece’s government on Monday readied to unveil billions of euros worth of new spending cuts and tax hikes, to be unveiled in coming days, as public demonstrations against the new measures continued.
Late Sunday, the Financial Times reported European leaders are trying to negotiate a new bailout for Greece that would bring wider outside intervention in the country’s financials.
Last week, gold prices gained 1.8%, with buying supported by concerns about euro-zone debt levels and a weaker dollar, which can encourage investment in dollar-priced commodities such as metals.
G-8 throw weight behind Arab Spring
The Group of Eight major economic nations throw their weight behind the Arab Spring, intensifying the pressure on Libyan strongman Moammar Ghadhafi and pledging billions for fledgling democracies. Video courtesy of AFP.
U.S. floor trading was closed Monday for the Memorial Day holiday.
The dollar index DXY -0.50% , which measures the greenback against a basket of six other major currencies, stood at 74.954 versus 74.911 late Friday. Read more about currencies.
Virginia Harrison is a MarketWatch reporter based in SydneyFor More GoTo....
http://www.marketwatch.com/story/gold-futures-fall-but-silver-moves-higher-2011-05-29?siteid=yhoof
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Lies, damned lies and returns
Lies, damned lies and returns
Michael Nairne, Financial Post:
Read it on Global News: Lies, damned lies and returns
Read it on Global News: Lies, damned lies and returns
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Michael Nairne, Financial Post:
Read it on Global News: Lies, damned lies and returns
U.S. author and journalist Mark Twain popularized the saying about "lies, damned lies and statistics."
Read it on Global News: Lies, damned lies and returns
Read it on Global News: Lies, damned lies and returns
The saying popularized by Mark Twain, "lies, damned lies and statistics," might spring to mind when investors grapple with the reams of return numbers spewed out by funds, managers and the financial press. It's easy to understand why investors can be confused.
First, the industry standard — which is a time-weighted rate of return — is designed to measure a portfolio's compound rate of growth and is not sensitive to the timing of investor contributions or withdrawals. Although this allows performance comparisons between the managers, their peers and benchmarks, it also means that the actual returns earned by individual investors can vary, sometimes significantly, from a fund's or manager's reported returns. For example, an investor who routinely invests money in equity funds at market highs and then pulls back during lows will have a personal rate of return less than that reported by the funds.
Unfortunately, the propensity to "buy high and sell low" means investors, as a group, earn returns well below those of their fund investments. Morningstar found that from 2000 to 2009, U.S. mutual fund investors earned returns 1.5% per annum less than the funds themselves. Investors in highly volatile funds that are often subject to performance chasing typically have even greater shortfalls. So if you're unhappy with your performance, your own behaviour might be a factor.
Second, there is often a difference between the historic returns profiled by mutual funds and those of private investment managers. Fund returns are typically portrayed net of fees while the returns of private investment managers are normally quoted gross of fees. This is because the percentage fee charged by private managers varies with the dollar amount invested so there is no single percentage fee to net against returns. If you are comparing funds to private managers, you likely will need to adjust accordingly.
Even when you have a complete, net of fee return history, you still don't have a full picture. Funds and private investment managers report their returns before tax. No adjustment is made for returns that are fully taxed (such as interest) and those that are more tax efficient (such as capital gains, eligible dividends and unrealized capital appreciation).
Affluent individuals with non-registered investments need to know the tax efficiency of their funds and managers. Studies in Canada and the United States have found that the performance ranking of many managers will change when comparisons are made post-tax as opposed to pre-tax. Taxes in many instances can even exceed fees.
Another problem with returns is that they may not reflect the risks to which an investor is exposed. Returns for certain assets, countries, or sectors can be mouth-watering for years in a row before the inevitable painful plunge. Think of Japanese stocks in the '80s, large-cap growth stocks in the '90s and U.S. houses in the past decade.
Even when the risks are known, investors must determine whether adding a particular asset class or strategy to their portfolios will enhance its diversification. Certain strategies that are highly volatile when viewed in isolation can actually improve the risk-adjusted return potential of a portfolio. International small-cap stocks and managed futures are examples.
Finally, focusing excessively on historic returns is also a mistake. Academic research indicates that the price movement of individual stocks is largely unpredictable and that active manager performance is also not persistent.
Aaron Levenstein quipped, "Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital." While return statistics do not lie, you have to dig behind them to get a complete understanding of the impact of contribution and withdrawal timing as well as the fees, taxes, risks and diversification effect associated with the returns.
— Michael Nairne, CFP, RFP, CFA is the president of Tacita Capital Inc., a private family office and investment counselling firm in Toronto. tacitacapital.com
Read it on Global News: Lies, damned lies and returns
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gold to hit $1750 and Silver $50 - $60 in the Short Term says Juerg Kiener | Gold and Silver Blog
Gold to hit $1750 and Silver $50 - $60 in the Short Term says Juerg Kiener | Gold and Silver Blog
Gold to Hit $1750 in the Short Term says Juerg Kiener and multiple thousands in the medium term 1215 and 1216 , by that time silver would be worth around $500 an ounce he added : Lack of trust in governments in the western world is moving more and more people into physical ownership of gold Juerg Kiener, managing director and chief investment office at Swiss Asia Capital told CNBC. He added gold would hit $1750 an ounce in the short term with silver hitting $60 an ounce and that gold could hit multiple thousands of dollars by 2016 with silver above $100.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gold to Hit $1750 in the Short Term says Juerg Kiener and multiple thousands in the medium term 1215 and 1216 , by that time silver would be worth around $500 an ounce he added : Lack of trust in governments in the western world is moving more and more people into physical ownership of gold Juerg Kiener, managing director and chief investment office at Swiss Asia Capital told CNBC. He added gold would hit $1750 an ounce in the short term with silver hitting $60 an ounce and that gold could hit multiple thousands of dollars by 2016 with silver above $100.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
No cash to pay your debts? We'll take your gold, Greece!
May 30, 2011
Watch the full Keiser Report E151 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, report on the oil traders puking on markets and the gold confiscators eyeing Greece, Portugal, Spain and Italy. In the second half of the show, Max talks to former chief forex trader for VISA, Jon Matonis of TheMonetaryFuture.blogspot.com, about Bitcoin, the new peer-to-peer crypto-currency.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Subscribe to:
Posts (Atom)