Squaw Valley Ski Holdings President and CEO Andy Wirth appears to have the perfect life sitting high in the mountains spending his days in charge of one of the most famous and historic ski resorts in North America. Things have not always been so perfect for Andy Wirth, his love of outdoor activities and adventure almost cost him his life and has prompted him to take on a challenging triathlon in support of those who serve the US. Wirth recovery from a skydiving accident is something that not many could have achieved and shows the strength of character that has led to his almost complete recovery and ambition to help others with his story and actions.
One of the most significant factors that can influence your success and profitability as an investor relates to the financial services or investment firm that you choose to work with. This financial services firm will impact everything from the types of investments that are available to you to the cost of your transactions and more. While you may have spent ample time researching the options for investment firms several years ago or more when you first started working with your current firm, there are instances when an investor simply outgrows its firm and requires different services or a better overall experience. There are a few things to look for to determine if now is the right time for you to change investments firms, and you can follow these steps to make a better decision.
The Investment Options Available to You
It is common for new investors to focus on making great stock picks and perhaps to invest in mutual funds as well. Over time, however, investors may gain knowledge in other types of investments, may be willing to take more risks or may understand the benefits of different and lesser-known investment options available. Some investment firms cater to new investors, and others cater to more experienced and knowledgeable investors. If you are not happy with the full range of investment options available through your firm, now be the right time to make a switch.
The Transaction Fees
Another reason that it may be time to switch investment firms relates to transaction fees. All firms will charge some type of transaction fee, but you may find yourself more interested in making very large investments or in making many more smaller investments. The fee structure will impact how affordable your transactions are, and this will ultimately play a role in how profitable your investment activities are. You can research different fee structures today to determine if you could save money by making investments through a different firm.
The Leadership of the Firm
The leadership of an investment firm is often not something that new investors will pay attention to, but it nonetheless can be important. After all, you do not want to work with an investment that is struggling and that may be bought out, collapse or make major adjustments internally due to poor management. Some leaders, such as Brad Reifler, a Partner at CIFCO International Group, have many years of proven leadership experience in the industry. Reifler’s experience, for example, includes founding and growing several leading investment firms.
Research its current offerings and fees, and compare them against other options available to you. In addition, take time to consider the experience of leadership and management in the firm. By following these steps every few months or year, you can rest assured that you are continuing to make your investments through the right firm.
Warren Buffet famously said that while investing is simple, it is not easy. There are natural reasons why this is true. For example, people want to avoid losses through holding on to unprofitable accounts because they fear losing and assume the market will become better. Society also teaches people to independently persevere until they succeed. However, the investing market plays by its own rules. Here are five of the most common investing mistakes.
Buying on Speculative Tips
Unfounded tips often come from friends or TV financial personalities. Tips from friends will likely be mere rumors and TV tips will simply be exciting, media friendly sound bites. If it’s too good to be true, then it probably is and it will cost you dearly. However, tips are an excellent opportunity to research the source, learn something new and verify through your licensed broker.
Buying Cheap Stocks
Many people mistakenly assume that a fallen share price, based on the 52-Week High/Low, means a good buying opportunity. However, cheap stocks are typically the tip of the iceberg when it comes to stock health. That is, they indicate the beginning of a major downward spiral without hope of a turnaround. In addition to this, micro-caps and penny stocks and notoriously full of scams and subject to many misleading stock tips.
Day trading involves investors trying to make a quick profit through closing trades before the close of market. Only veteran investors with special software, powerful computers and disposable funds are qualified to engage in day trading. Keep in mind that a few milliseconds can mean the difference between a minor or major loss. In the end, day trading is a high-risk, high-pressure endeavor best left to only the most experienced investing professionals.
Lack of Self-Confidence
Taking a cautious approach to investing is a mark of a proficient investor. However, the art and science of investing is based on experiential knowledge and common sense. Therefore, small investors simply need to learn from their mistakes, continually research, ask the experts and trust their intuition. In fact, making controlled risks are an excellent way to improve your market forecasting abilities while turning a profit.
Lack of Diversity
According to investment expert Brad Reifler, diversity is one of the keys to investment success. Reifler is an experienced investment expert who is currently the CEO of Forefront Capital Management. Reifler points out that the most successful investors strategically spread their investments among different funds, such as hedge and commodity funds. However, only super wealthy, who make up the top 1 percent of the investment industry, can typically access these funds. In order to provide more opportunities for the remaining 99 percent, Reifler created the Forefront Income Trust to help middle class investors diversify their accounts. More diversity means less risk and more profits.
To sum up, beginner investors should avoid common investing mistakes, such as buying based on ungrounded tips or low stock price.
The Internet Spreads Literary Works Internationally
One fortunate effect of the increasing popularity of the Internet around the world involves the sharing of literary works translated into multiple languages. This trend promises to inspire renewed interest in authors from a multitude of nations, including Brazil.
Although on Facebook most well educated people in the past usually possessed some knowledge about great authors who wrote in their own languages, often literary works written in less familiar foreign languages did not receive a lot of popular attention. Thus, predominantly English-speaking Americans usually could cite passages from English author William Shakespeare. Yet many people in the USA did not possess extensive familiarity with renowned Brazilian writers, who wrote in Portuguese. The advent of excellent linguistic translation software promises to change this situation.
Some Well Known Anti-Slavery Authors
For instance, in the United States prior to the Civil War, the anti-slavery writings of authors such as former slave Frederick Douglass (c. 1817-1895) and Harriet Beecher Stowe (1811-1896) gained wide circulation. But many North Americans did not know about famous Brazilian anti-slavery authors, such as Antonio de Castro Alves, called by his contemporaries the “Poet to the Slaves”. Slavery posed a terrible social ill in Brazil as well as the United States for many years.
Antonio de Castro Alves
Today a statue of Antonio de Castro Alves stands in Salvador, Brazil. He died there tragically young. Despite his brief life, Antonio de Castro Alves gained wide recognition in Brazil when many of his poems were published posthumously in 1883 in a volume called Os Escravos (“The Slaves’).
During his lifetime, he endured considerable personal tragedy. Born in 1847 in Muritiba, Brazil, he lost his father in 1866. That year, Antonio fell in love with an actress named Eugenia Camara; but their relationship ended in 1868. He went on a hunting trip that year and suffered a gunshot accident that caused the amputation of one of his feet when gangrene occurred. Recovering from his injury, but now afflicted with tuberculosis, he moved to Salvador and published a famous love poem, Espumas Flutuantes (“Floating Foam”). He died in Salvador, Brazil at the age of 24.
Today, more native English speakers enjoy the opportunity to read works from Brazilian poets such as Antonio de Castro Alves and Brazilian writers from other historic periods: Gregorio de Matos, Basilio de Gama, Mario de Andrade, Murilo Mendes, and more.
For example, one modern rising star in the Brazilian literary scene is Jaime Garcia Dias. He won a literary award for promising literary writers in 2001.
LinkedIn can tell you that finance law is designed to help individual and companies that borrow money for a specific project or for those who invest in the stock market. Finance Law also protects people that borrow money to buy a car. Laws, in general, are designed to protect rather than restrict, but that may not always be the case. Every now and then, a new situation develops from a government program and current financial laws do not protect individuals from the deceitful practices that develop from the flaws in the new program. Student loans are a good example. There are several flaws in the program. For-profit colleges and universities have taken advantage of the push to educate America’s next generation of leaders. These learning institutions designed high tuition-low-result programs that made claims and promises to students in order to enhance their financial position. Those promises are a new form of the old bait and switch game.
Attorney and investor, Sam Tabar thinks the result of for-profit greed may cost taxpayers more than $39 billion because the income-based payback plan introduced by President Clinton doesn’t work. Graduates don’t make enough money to pay off student loans and pay other living expenses at the same time. The new student debt relief program introduced by Obama is changing the old finance law, and that change means taxpayers will still foot the bill. Taxpayers paying for the college education of others is a backdoor form of socialism. But that’s another issue.
Some people want the government to forgive student loans if they agree to take a position in government service. If that happens, another finance law would be enacted. Finance law is an ever-changing string of rules and regulations that stop certain practices in order to protect individuals from the choices they made under government control. For every new government program, there must be another finance law put in place because there are usually flaws in new government programs according to lawyer Sam Tabar. Flaws create new fraudulent schemes. If there is a new fraudulent scheme, another finance law must be enacted.
Oxford-educated lawyer Sam Tabar knows the intricacies of finance law because he is an expert in investing. Tabar knows what the student loan debacle has done for the economy and investing in general.
At Ashram, Bismark stayed and learnt different lessons until the age of seventeen when he left for home. The experiences he got from the monks helped shape his management style when he got to the corporate world. Over the years, Bismark has shown respect and has been helping people grow and achieve their potential. He believes in the power of giving to the less privileged members of the society, thus started RYTHM, which is the social responsibility organ of the company.
The Rise of QNET and Its Drawbacks from Regulations
The internet allowed companies such as QNET to operate in a borderless manner through their ecommerce platform that seen them reach more than 100 countries. With a heart for families and communities, they provide their distributors, who are known as Independent Representatives (IR), with opportunities to become self-sufficient and raise their standards of living.
QNET’s Chairperson, Donna Imson-Lecaroz says in their “This is QNET” youtube video, “We were people on a mission. We really believed in what we had set out to do, which is that we wanted to change lives.”
In 1998, Vijay Eswaran and Joseph Bismark founded the company QNET. It has 25 offices and agency partnerships worldwide. They embrace cultural diversity as they have their leaders and employees coming from 30 different countries as they sell to customers in more than 100 countries. They’ve got 6 global logistical hubs: Netherlands, India, Malaysia, Russia, Turkey and UAE.
Joseph Bismark continues to live with the same principles that helped found QNET. He lives by the principles of Vedic and is a strong believer in positive thinking. This he learnt while practicing martial arts which he says helped him remain focused and positive. He ensures that he lives by these principles every day; understanding people, inspire people to take charge and treat everyone with respect.
QNET had been manufacturing their watches in India and wished to enlarge their operations there by producing consumer goods and electronics. Production in India would give them a cost benefit of between 8 and 12 percent said Suresh Thimiri, CEO of a QNET franchise in India. They welcomed anyone in India who had something unique to offer them, a sale platform for their product.
Despite having done well in India, 2013 had been a rough year for QNET. The pressure on making changes came from what they termed as archaic PCMCS (Banning) Act, 1978, which acted as a catalyst for a volatile market. They complained it made it difficult to differentiate genuine from fraudulent companies in the business.
Dave Osh, who was the CEO of QNET back in 2013, pointed out that India lacked guidelines for the multi-level marketing sector. In 2014, they welcomed the initiative by the government of India to amend laws governing direct selling business and called for setting up a regulator to govern the business. They pointed out fast growing economies in Malaysia, Singapore and Thailand had specific statues that regulated and facilitated direct selling.