Edition 357 - 14 May 2012

Marketing Network

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Edition 357 - 14 May 2012

This is how they gamble your money away

JP Morgan's loss of $2billion is significant.

During the present recession we did not make money on our property portfolios, but we also did not lose anything. Although values are growing nicely according to statistics, prices are not reflecting it. It does not affect us directly because we are long term investors, but it would have been nice to be able to sell or refinance whenever we want to. Only a fool sells now, but at least the rent is good at the moment.

If a huge investment house like JP Morgan loses $2billion, it can have an effect on many kinds of markets and it will mostly not be a positive effect. If people lose trust in investment houses, it can lead to a huge disinvestment run which can cause the markets to collapse. Even banks can collapse because they are so interconnected and intertwined with the insurance companies and investment houses.

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Edition 356 - 7 May 2012

Trusts are not escape routes

Trustee acting without consent

When a trustee enters into a contract on behalf of the trust, without the consent and knowledge of the other trustees, the trust is legally bound - unless the contract specifically stipulates that the decision is subject to the consent of all the trustees.

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