vlogolution network » currencies

Where do Billionaires Park Their Cash and Assets?

Alexander P Morris — Sat, 21 Jan 2012 04:53:37 +0000

(BloombergMarketsMagazine) “Cash generates minuscule returns. Commodities, especially gold, can soar or tumble in an instant. In these perplexing times, Bloomberg Markets magazine in its January issue asked 10 billionaires 14 questions covering their views on the global economy, where they see opportunities and who gave them the best advice.”

Some highlights:

John Paul DeJoria (Primary Assets: Stakes in John Paul Mitchell Systems and Patron Spirits Co. Residence: Los Angeles Industry: Retail):

“Influential indicators? Beauty salons. Typically, customers will visit every six weeks; in downturns, that drops to every eight weeks. When the frequency starts to go up again, it indicates the economy is improving.”

“Where to park $1 million in cash? Twenty-five percent in gold, 25 percent in silver, 25 percent in NYSE blue-chip stocks that pay a dividend and 25 percent between Asian and European blue chips that pay a dividend.”

Eli Broad (Primary Assets: Investments, art Residence: Los Angeles Industries: Banking, real estate):

“Influential indicators? Consumer confidence, unemployment and political gridlock.”

“Best investing advice? Don’t bet the farm.”

“Margin in portfolio? Not in this uncertain world.”

“Where to park $1 million in cash? High-quality multinational consumer companies such as Procter & Gamble Co., Coca-Cola Co., Kraft Foods Inc. and Johnson & Johnson. (JNJ)”

Peter Hargreaves (Primary Asset: 32.2 percent of Hargreaves Lansdown Plc, the U.K.’s biggest retail broker Residence: Bristol, England Industry: Financial services):

“Fixed-income investments? German bonds for the currency play when the euro implodes”

Where to put $1 million in cash? $500,000 in Singapore dollars and $500,000 in Norwegian krone.”

“Is there a money manager you would trust with your entire portfolio? Me.”

Full Story: Billionaire Prokhorov Touts Gold as Trump Embraces Foreclosures (BloombergMarketsMagazine)

America’s Perfect Little Goldilocks Economy – or is it? A deeper look into government statistics

Alexander P Morris — Sun, 04 Nov 2007 22:00:00 +0000

An interesting interview with Daryl Montgomery of the New York Investing Meetup (http://investing.meetup.com/21), discussing the realities behind our perfect little Goldilocks Economy as repeatedly portrayed in the financial media. We also explore the truth behind government inflation, GDP, monetary, and other economic statistics, and how the methods of calculation seem to keep changing to suit their “greater” purpose – and NEVER in favor of the public’s “greater” good.

The U.S. Dollar connection to inflation, the economy, and boatloads of debt

Alexander P Morris — Sun, 28 Oct 2007 22:00:00 +0000

An interesting interview with Daryl Montgomery of the New York Investing Meetup (http://investing.meetup.com/21), discussing how the U.S. Dollar and monetary policy relates to inflation, the economy, and the government’s out-of-control spending spree.

Global Perspectives on the Decline and Fall of the US Dollar

Alexander P Morris — Wed, 24 Oct 2007 22:00:00 +0000

An interesting interview with Daryl Montgomery of the New York Investing Meetup (http://investing.meetup.com/21), discussing how foreign markets such as China have fared since the Fed’s last rate cut, along with the potential global repercussions to come.

Saving our Economy by Destroying the Dollar – the Absurdity of Federal Reserve Policy

Alexander P Morris — Wed, 17 Oct 2007 22:00:00 +0000

Another interesting interview with Daryl Montgomery of the New York Investing Meetup (http://investing.meetup.com/21), describing what has happened to the value of the dollar since the Fed cut rates back in mid-September.

Protecting Yourself from Inflation and the Credit Bubble with Daryl Montgomery of the NY Investing Meetup

Alexander P Morris — Wed, 26 Sep 2007 22:00:00 +0000

Very interesting interview with Daryl Montgomery of the New York Investing Meetup (http://investing.meetup.com/21) on inflation, the real-estate/credit bubble, where we may be headed, and how you can protect yourself (and potentially profit) from our currently accelerating inflationary environment.