Global Mining Investing $69.95, 2 Volume e-Book Set. Buy here.
Author, Andrew Sheldon

Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.

While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.

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Monday, February 16, 2009

Is the US on the verge of a financial collapse?

This is critical news for us all from Brass Check TV. This video shows the Chairman of the US House Committee admitting that the global financial system came close to collapse due to the Republicans financial management. More concerning is that he suggested that they don't know what they are doing, and they could benefit from the advice of a housewife on $10/hour. I actually don't disagree, as she did display greater wisdom. But here we have displayed the humility ('read' lack of responsibility) from these politicians (and that is not a good thing), as well as one of them conceding that they don't know what they are doing, and that they are relying on the US Treasury. You might wonder whether the US Treasury knows any better. Well of course they do. These events don't occur because they don't know, they occur because they will do anything to retain power.

This thinking remains me of an incidence during the 1990s, during the meltdown of the Japanese economy. Our company was a consultant to a major Japanese trading company. The General Manager of the Coal & Iron Ore Dept asked the proprietor of our company whether they should buy a particular asset, and he responded 'You should ask your financial experts'. With typical Japanese humility, the GM said 'They said to ask you'.

The problem I see with this confession by this House Committee Chair is that he is suggesting that the US financial system was only spared from collapse because the US Treasury agreed to guarantee deposits, and that central banks around the world agreed to follow suit. The implication is that the financial system is still vulnerable. The banks are still severely indebted. Let's remember that the US financial system is in even a more precarious state because it has a 2nd wave of debt which will be liquidated. From now we can expect the ARM resets to kick in. This will likely require another injection by the US Federal Reserve. The positive side is that this will be expected...or maybe the banks have kept the government in the dark. Will depositors accept the deposit insurance or guarantee this time. In Sept 25th there was a $500 billion run on US banks. The Treasury could come up with just $150 billion before they resorted to deposit guarantees. Does this not suggest that deposit guarantees are an empty insurance? Will depositors trust it the next time around. I wolud suggest that the Treasury will throw everything at the problem because it can always print USD. The probably of course is that paper money is of dubious value.
Andrew Sheldon
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Over the years, this ebook has been enhanced with additional research to offer a comprehensive appraisal of the Japanese foreclosed property market, as well as offering economic and industry analysis. The author travels to Japan regularly to keep abreast of the local market conditions, and has purchased several foreclosed properties, as well as bidding on others. Japan is one of the few markets offering high-yielding property investment opportunities. Contrary to the 'rural depopulation' scepticism, the urban centres are growing, and they have always been a magnet for expatriates in Asia. Japan is a place where expats, investors (big or small) can make highly profitable real estate investments. Japan is a large market, with a plethora of cheap properties up for tender by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. There is a plethora of property is depopulating rural areas, however there are fortnightly tenders offering plenty of property in Japan's cities as well. I bought a dormitory 1hr from Tokyo for just $US30,000.
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Investment Strategy

If you are investing for the long term, you still need an investment strategy. Dont be fooled by the rhetoric of fund managers. The reason they advise you to 'buy & hold' is because they dont want to compete with you in sell-offs. Markets and industrial sectors are cyclical, so they demand trading to get the best returns. Fund managers actually cant hope to match the performance of small investors (if you are half good) because they have to manage huge amounts of funds and charge you a fee besides.
MY ADVICE is (i) look at a range of market indices and decide upon what level of correction would give you the justification you need to get in & out of the market. It might be a 5-10% retracement or a break of trend. (ii) Diversify if you dont have an intimate knowledge of the company or management. More than 30% in one company is aggressive.

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The NZ property market is shaping up as one of the most attractive property investment markets for the next few years. High yielding property and the collapse of the NZD make NZ the perfect counter-cyclical investment if you buy right! In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

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