Tag Archive | "Turkey Equity Fund;"

International Investing Made EZ – Syllabus


Here is a sample  International Investing Made EZ Syllabus.

Join us for our international investing  seminars “International Investing Made EZ 2011″.

Feb.  11-12  2011  Mt. Dora Florida

June 24-25 2011  Jefferson, North Carolina

October 7-8  Jefferson, North Carolina

Enroll here. $499 Reserve here –  $749  Reserve for two

See how to attend all our 2011 International Investing seminars FREE

Our International investing seminars evolve with the global economy so each is different tuned up to what’s currently happening.

When you enroll in an IIEZ seminar we email a download of the previous seminar so you immediately gain the basics that apply to each seminar and will be able to pick up on the new economic conditions and where to invest.

The syllabus below was for our  Jefferson, North Carolina,  October 7 to 10, 2011 seminar.

Session #1:  1000 Year Economic Review. How industrialization has affected markets as it moved through stages powered by:

Saddle
Waterwheel
Steam Engine
Internal Combustion Engine – Car – Production Line – Petroleum
Jet Engine – Phone – TV – Plastics – Chemicals- Fertilizers
Electron – PC – Internet – WWW

Session #2: What’s Next? How the next imagination era affects investments now

Session #3:  Other forces affecting economics.
15 year Bull Bear Cycle
Why the Current bear Turns  Around in 2012
Seasonality
Economic Cycle
Demographics
Farmers moving from the rural farm to the urban production line

Session #4: Where to invest? Asset Class Performance over a 95 year study:

Equities: 11.9% per annum

Housing:  6.7% per annum

Bonds:     4.8% per annum

T-Bills:      4.6% per annum

Silver:       4.2% per annum

Review of each class in stable, moderate and high inflation and deflation.

Session #5: Why Safety is Now the Riskiest Place. Look for Value Created by Risk. Risk is Our Partner. Embrace it. Adapt. Look for Contrasts & Trends. Look for Value. Invest in What You Know.
Have Fun

Session #6: Seven Golden Trends We Have Enjoyed for 40 Years.

#1:  1970s Gold & Silver. Japan, Germany, Switzerland, England, Australia and HK.

#2: 1980s. The Tigers, Taiwan, Singapore Malaysia and South Korea, & Turkey.

#3: 1990s.  South America (which led me to Ecuador).

#4: 2000s.  China, India and Eastern Europe.

#5: Invest in Real Estate Throughout.

#6: Bet Against the US Dollar Throughout.

#7:  Green! Green! Green!

Session #7: Seven Sectors to Invest In Now:

#1: Multi Currency Spread

#2: High Yield Bonds & Value Shares

#3 Emerging Markets

#4: Wellness

#5: Water

#6: Alternate Energy

#7: Real Estate

Session #8: Multi Currency Spread. Example Invest in Brazil 9.02%
Borrow 300K yen – dollar and franc. Cost 2.2%
Invest in Rouble   6.6% – Pound  7.94%
Euro  5.5%  – AUD  6.29%  –  MXN 7.79%
Ave Yield 6.794% X 300K =              $20,382
100K earns  $9,020
Interest Costs                                        6,600
Total Yield                                           $22,802

Session #9: Emerging Markets.   Ten year Study.  Annual Return   19.81% compared to 10% for major Markets.
EM Longest Down 6 mos – Biggest down 55%
MM Longest Down 6 mos – Biggest down 53%
EM PE Ratio 12.9   Yield  3.22%
MM PE Ratio 15.2  Yield  3.70%    

Session #10: Wellness. Example – Wellness – Novo Norordisk Denmark – Insulin

Session #11: Water. Example Hyflux Singapore – Kurita Water japan.

Session #12: Alternate Energy. Example Vestas Wind Turbines Denmark. – Kyocera Japan.

Session #13: Real Estate.

US Benefits in Crisis.  “Where will everybody live?” US Population 200 to 300 million in 39 years.
Next Hundred Million in 34 years.  Americans Use 20% More Land than 20 years ago.
Need 70 Million New Homes and 100 Billion Square Feet of Non Residential Space. How the real estate crash changed this and the market segments with great value now.

Ecuador Real Estate Alternative:  60 million boomers retire Beginning Now Pensions and social security squeezed by inflation.

Options are:
#1: Keep working

#2: Move to less expensive areas in the US

#3: Export their retirement

#4: Live in near poverty

#5: Die

Ecuador is 3 hours & 45 min from US…. has full infrastructure….  has really low cost of living.
1% of boomers is 600,000 people… 5%  of Ecuador’s 11 million population.
Ecuador Gross Domestic Income (GDI) is $4,300 pa per person.
Total GDI of $47,300,000,000.
600,000 boomers with average income of $18,000 adds $10,800,000,000. 20% increase of GDI

Session #14 Look for Value Created by Crisis. Example Greek Crisis Caused  Italian & Spanish Banks to Fall.  Caused Euro to Fall Versus US dollar.

My Answer buy shares in Unicredit Italian Bank, 2nd Largest Italian Bank Group-1999, bought Poland’s 2nd largest bank, expanding in Bulgaria, Slovakia, Croatia, Romania, the Czech Republic and Turkey.
Bought German group HVB and Bank Austria to become 3rd largest in Germany and 1st in Austria. Entered Bosnia, Hungary, Slovenia, Serbia, Russia and the Baltic countries.
In 2007 expanded into the Ukraine, Kazakhstan, Tajikistan and Kyrgyzstan.

Now present in 23 countries Europe and Central Asia.  European leader with 5000 branches and 40 million clients. 7 separate divisions: loans, factoring, leasing, refinancing, asset management, investment

An Italian success story but Unicredit Share fell from April  2007 to March 2009 from Euro7.59 to 72 Cents when I bought.

Session #15: Avoid Bond Balloons
.  Top-5 performers Jyske Invest Funds based on 3-year performance as of September 30, 2010

British Bonds Up 30.00%

Emerging Local Market Bonds Up 29.47%

Emerging Market Bonds Up 20.30%

Emerging Market Bonds (EUR) Up 19.30%

Danish Bonds Up 18.04%

Shift to Higher Yield Bonds.  Examples:

New World Resources Miners   (NWORLD)
Bond: 7.875% 2018
Rating: BB-
Yield:  7.13%

Name: Rhodia Chemicals RHA
Bond: 7% 2018
Rating: BB-
Yield: 6.30%

Session #16 Power of Diversified Portfolios. How my Portfolio has shifted over the past 18 months.

18 Mos    9 mos     Now
Ecuador Property      14%        14%        7%
US Property                46%        58%      58%
Total Real Estate        61%        72%      65%
Equities                          3%       3.6%        9.6%
Emerging Bonds           9%     10.7%      10.7%
Bonds                           14%     16.0%      16.0%
Cash                              13%       6.8%        7.8%
Liquid                           39%      37.0%      44%
US dollar Loan                          -9%        -9.0%

My Currency Diversification
GBP  1.3% – Euro 8.1%  – NKR 2.1%
DKR -3.3% – A$4.8%  – C$ 5.1% – NZ$4.2%
BRL 5.0% – MXN 3.0% – TRY  3.6% – PLZ 3.0%
Mixed 3.3%  Property 64% US$ Loan -9%

Session #17 Shares I have Now.

#1: KGHM Copper Mining and Smelting Combine, Southwest Poland
560,000t copper, 1,244t silver.  Why its up 49% this year.

#2: Brookfield Power Shares.
Canadian income fund among largest power income funds in North America with 1,647 megawatts (MW) of installed capacity and an average annual production of 6,371 gigawatt hours (GWh).
42 hydroelectric generating stations and one wind farm in four distinct geographic regions across North America: Québec, Ontario, British Columbia and New England. Up $15 a share to 25 and paid 6,17% dividend.

#3: Turkey Equity Fund. Why its up 37.92% this year.

#4: Jyske Bank Shares. Up seven times investment.

#5: Good Value European Equity Fund. Why.

Session #18: Favored High Yield Shares Review.

Veolia Evironnement (VE) in Euro.
150 years in environmental services including wastewater treatment, collecting, treating, and recycling waste, supplying heating and cooling services, and providing public transportation. Veolia supplies drinking water to 78 million people, provides transportation services for 2.7 billion passengers, and treats 66 million tons of waste per year.

E.ON AG E.Germany in Euro

Endesa, S.A. Spain in Euro

Enel S.p.A. Italy in Euro

Land Securities Group Plc UK in GBP

Suntec REIT Singapore in $SGD

Session #19: 54 other High Yield Shares Shares

Session #20: How & Where to Bank Abroad.

Session #21: Structures For Asset Protection and Tax Savings. Partnerships, Trust, LLCs and and Corps.  Domestic and overseas. When to se. Costs, what to gain and risk.

See more details about our International investing seminars here.

Join us for our international investing  seminars “International Investing Made EZ 2011″.

Feb.  11-12  2011  Mt. Dora Florida

June 24-25 2011  Jefferson, North Carolina

October 7-8  Jefferson, North Carolina

Enroll here. $499 Reserve here –  $749  Reserve for two

See how to attend all our 2011 International Investing seminars FREE

Multi Currency Predictions Feb. 2009


We made several multi currency predictions at our February 2009 International Investing & Business Course in Cotacachi, Ecuador. The investing and business portion concluded yesterday. We are now inspecting Ecuador property.

We used many approaches to process information about how markets and economies might move.

We viewed currencies at the technical level and saw that Jyske Global Asset Management (JGAM) had closed their British pound recommendation.

This is the fine detailed view… the technical end of investing,  Peter Laub of JGAM showed how JGAM had recommended investing in pounds at 1.3750 with a stop loss at 1.3700. Peter explained how the pound dropped to 1.3703 before rising to 1.4500.  JGAM took profit on the backslide to 1.4300.

We looked at economic fundamentals and discussed the February 10, 2009 New York Times article   “Bailout Plan: $2.5 Trillion and a Strong U.S. Hand”  by Edmund  Andrews and Stephen  Labaton  which said:

WASHINGTON — The White House plan to rescue the nation’s financial system, announced on Tuesday by Timothy F. Geithner, the Treasury secretary, is far bigger than anyone predicted and envisions a far greater government role in markets and banks than at any time since the 1930s.

Administration officials committed to flood the financial system with as much as $2.5 trillion — $350 billion of that coming from the bailout fund and the rest from private investors and the Federal Reserve, making use of its ability to print money.

We compared the inflationary impact of this bailout with the deflationary impact of a 20% contraction in the $14 trillion economy.  This looks like a wash that could bring an economic balance at the cost of the US dollar’s parity to  other currencies.

We viewed how seasonality was at work. Over 30 years the Dow has frown 8.16%  overall but all of that growth and more (8.36% per annum average)  have come in in the months of November through April. The average annual growth per annum over thirty years in May  to October is only 0.37%.   In other words… history suggests that every day we move closer to May, the chances of a stock market correction in 2009 diminish.

We viewed the economic cycle and saw that we are reaching the phase of the economic cycle when we should be coming out of cash and bonds and into  shares as:

* Interest rates are down.

* There is a rush for liquidity.

* Employment is growing.

* Uncertainty is high.

multi-currecny-predictions

We looked at the fact that we have plenty of time… no hurry. We can wait and see.  We have time to choose and pick…  the best bargains and values.

We even looked at how the planets and full moon affect investors. There is a historic link in the general trend of world affairs and the the cycles of Jupiter and Saturn.    History suggests that when  these planets are in a good phase it is been auspicious for the world and vice verse.

The cycles of these planets are about 12 years and 30 years which ties into the market cycles we track.

The chart below shows the historical relationship.

We viewed this chart  from a Maharishi Vedic Astrology prediction by Siebelt Meyera in February 1997.

multi-currency-markets

The chart is a bit hard to see here so here is what it reads in the troughs:

1914 Start of WW I

1939 Start f WWII

1962 Cuban Crisis

1973 Yom Kippur War

1997 Economic meltdown in Asia

Since 1991, the cycle has been in their downward trends and reached its lowest in 1997 when Jupiter was debilitated, and in 1998 when Saturn will be debilitated. From 1999 onwards the value will slowly and reach a peak value again between 2012 and 2015.  This suggests a slow recovery over the next three years.

All of this confirmed that we should not expect a quick recovery and reconfirmed our recommendation to do nothing now. Maintain a defensive position and wait for opportunity to present itself.

We reviewed my personal portfolio to see how I am doing this.

Liquid Portfolio  Allocation

Cash  23%
Bonds  61%
Shares 16%

Liquid Portfolio Currency Allocation

Brazilian real              4%
Denmark kroner      33%
euro                            31%
British pound          10%
Turkey Lira                8%
US$                           14%

Total Asset Allocation

Cash  21%
Shares 2%
Emerging Shares .5%
Bonds 17.5%
Emerging Bonds  8%
Ecuador Real Estate 9%
US Agricultural Land 12%
Residential Property 10%
Commercial Property 20%

My Cash Currency Breakdown

USD   14%
GBP  4%
Norwegian kroner 1%
Swedish kroner 1%
Other 1%

My Shares

Bank of Florida  .5%
Jyske Bank  .5%
Turkey Equity Fund .5%
European Equity Fund 1%

My Bonds

Swedish Bond Fund  2%
Euro Bond Fund 4.5%
Danish Bond Fund 7%
ELF Aquitain  EUR 4.500% 23.03.2009  1.5%
Caisse D‚Amort Dette  EUR 12.07.2009  1.5%
Rabobank NL    CAD 4.250% 2009           1%

My Emerging Bonds

Hungary Gvt.    HUF 6.250%12.08.2009   1%
Hungary Gvt.    HUF 6.750%12.02.2013     1%
Emerging Market Bond fund  2.5%
European Investment BK TRY Bond  1.5%
Brazil    BRL  12.500% 05.01.2016          1%
China    EUR  1%

My US Real Estate

US Agricultural Land  12%
Residential Property  10%
Commercial Property 21%

My Ecuador Real Estate

Ecuador Andean residential 2%
Ecuador Coastal    5%
Ecuador Agricultural 2%

We also looked at the importance of investing in things we like.

We reviewed real estate investments in Cotacachi and on the Ecuador beach.

Delegates met Ecuador condo owners Bob & Barbara Humphrey. Here is Bob & Barbara at the Ecuador beach.

multi-currency-predictions

Bob & Barbara live in Telluride Colorado in the summer. Bob has retired from his diving business… flies his own plane and races cars (Shelby Cobra).  Barbara is a Feng Shui expert who lectures globally on this subject.

Like many of our readers Bob & Barbara have a condo both in Cotacachi and on the beach at Vistaazul Beach Condos.

We packed incredible amounts of information into three days but had fun as well.

There was plenty of time for delegates to talk and share what they learned.  Here are several delegates talking, US, Australian and Canadian.

multi-currency-predictions

Plus JGAM hosted a Valentine’s Day wine & cheese reception on Saturday night.

multi-currency-predictions

Andean musicians performed.

Multi-currency-predictions

There was Andean music… a Conga line began.

multi-currency-predictions

Andean dancers entertained.

multi-currency-predictions

There is an excellent organic vineyard and Swiss cheese factory near Cotacachi.  They are both for sale (the properties) and we are viewing them on today’s real estate tour.  For the party we just enjoyed the products, three excellent Swiss cheeses…

multi-currency-predictions

plus excellent wines.

multi-currency-predictions

The photographers in the group were having fun.

multi-currency-predictions

The youngest delegate was a bit bewildered.

multi-currency-predictions

Here is the key advice from that course.   Hold off. Wait. Do Not hurry. opportunities abound but we have plenty of time to pick them up. There could be another drop in May before a gradual recovery.  Invest with care… but invest with passion. Do things fulfilling as well as profitable. Enjoy the process as well as the end results.

Regards

Gary

Join us in Cotacachi and on Ecuador Coast in March.

Merri, our webmaster and I have created a new course on how to build a web business with a webmaster.  Here is a special offer on this new course.

You can enroll in this special course for $299. However if you sign up for our three courses in March 2009, I will send it to you free. You save $299.

March 8-9 Imbabura Real Estate Tour

March 10-15 Ecuador Import Export Expedition

March 16-19 Ecuador Coastal Real Estate Tour

Bob Shane will be at our March courses and will be available to provide health balancing.

Get our web based course FREE if you join us in Ecuador this February or March.

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two

Future 2009 courses

May 29-31  JGAM Global Asset Strategy Seminar

June 12-14 Shamanic Mingo Tour
June 16-17 Imbabura Real Estate Tour
June 18-21 Ecuador Coastal Real Estate Tour

July 3-6     Ecuador Import Export Expedition
July 8-9    Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course
Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11     IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8    IBEZ Ecuador
Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour