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Pattaya Daily News

08 October 2009 :: 16:10:23 pm 3297

Top Financial Advisors Visit Pattaya

Pattaya’s American expat community were exceedingly lucky to be able to listen to advice from the best financial experts in the word at a recent seminar. They were sponsored by the well known financial planning company the “MBMG Group,” who were considered by “The Nation” as “Asia’s foremost professional advisory practice” and the main topic was “Why Americans should not keep their investments in the USA.”
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Wednesday 7th October 2009 [Pattaya Daily News]: – Visitors to the Amari Tower Hotel Resort in north Pattaya were very impressed by all of the four speakers, beginning with the Assistant Director of MBMG, Mr. David English, who gave an outline of the subject. The two key-note speakers who followed are regarded as leading experts in the financial world, with decades of experience and the knowledge to track current and future trends.

The first keynote speaker was Mr. Louis Zuckerbraun, who is with the Swiss Company of “Swiss Partners,” has an in depth knowledge of American investment & tax laws and he gave plenty of good reasons as to why Americans should hold all of their investments overseas. This does not mean that they should not invest in America, but simply that they structure changes to their investments, so that these are held by a trustee company such as “Swiss Partners,” and thereby avoid most of the punitive laws that are placed on American citizens. This is very safe, as even when the giant Lehman Bros. Company collapsed all of the similar portfolios held by them were still perfectly safe, because they were only acting as trustees for these.

Mr. John Sheehan, who is based in London, can be regarded as the “Guru of World Finance,” because even though he a former Executive Director of the failed “Lehman Bros,” he was one of the few analysts who could see the crash coming. Even though all Government departments & financial analysts were predicting further boom times, John stuck to his predictions, which proved to be absolutely correct.

The financial crash came about because deregulation allowed complex derivatives & securities to be completed beyond almost anyone’s comprehension, to the extent that this ”shadow banking system” even outgrew the traditional banking industry. This collapse would have brought down the whole western financial system, except for the fact that the US Government injected huge amounts of capital to save some of these financial organizations. Banks overestimated risk with “credit manufacturing lines,” that left America trapped in a vicious circle, and the IMF estimate the cleanup to cost US.59 trillion dollars, which is equal to several years GDP of the major nations; – (e.g. 9-trillion seconds = 32,000 years).

John Sheehan explained the differences between “Deferred Variable Annuities” (payable before death) and “Universal Variable Life Contracts” (paid only after death), an insurance is difficult in America, because it is governed on a state by state basis. He explained that with the “Swiss Partners Insurance Company” deemed to be the “beneficial owners” there is asset protection, confidentiality, limited or no reporting required and no income or capital gains tax. Furthermore, the investor maintains property equity, has more flexibility, but still has a segregated investment portfolio, with auditing being carried out by the highly esteemed company of “Price-Waterhouse,” and a higher degree of privacy with registration, etc, being based offshore on the Cayman Islands.

It is obvious that government analysts & banks are not the people to be listening to for advice, as it was the very same organizations that allowed the financial crisis to occur, so it is much better to outsource your own investments. This is where the financial planning company “MBMG Group” together with the “Swiss Partners Company” are essential, so that investors receive the correct advice from “day-one.” More importantly if you are in a difficult portfolio structure that has problems, then discussion with MBMG is essential, as they can usually find solutions to such problems. The “MBMG Group” are proud of the fact that even during the worldwide financial collapse most of their clients still made profits, – (albeit a little smaller than normal).

The MBMG Managing Partner, Mr. Paul Gambles (no pun intended), spoke briefly at varying points during this informative meeting and at the conclusion conducted a very interesting question & answer session involving the two key-note speakers. A few final words of warning were, – do not invest in equities, stay away from investment contracts, watch the strict IRS rules and make sure that you have US compliant life insurance. As far as holding cash goes, the traditional world banking centres of Switzerland, Singapore and Hong Kong were still considered as being very safe.

Comment: – Even though the USA considers itself the “Centre of the World,” it is a long way from seeing boom times again, and world economic powerhouse has now shifted from western nations to the Asian countries, so investment in these new markets is surely following.

Reporter : Methawee   Photo : Methawee   Category : Business News

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