Of all the things an investor should be worried about, financial crime should be high on the list. To quote an old financial saying, “The return of your money is more important than the return on your money.” Something that puts this return at real risk is falling victim to a boiler room operation. In […]
This week a friend asked me an unusual question: “How do I start investing?” To be clear, this is an unusual question for him and not for me. I have been asked that a lot, but never by this friend. And even more surprisingly, the market isn’t exactly ‘white hot’ right now. Most of the […]
The Era Of Banking Secrecy Is Over. Those words were a part of the G20 communique from London this week. Those words are actually pretty scary. While it is very reasonable to say that offshore jurisdictions have played their part in the financial crisis – by enabling traders, companies and funds to move money away […]
The rather unusual news from the UK is that the British government has grabbed control of Lloyds TSB PLC as a part of guaranteeing loans worth £260 billion. According to a statement from Lloyds TSB, “About 83% of the insured assets were acquired when the bank bought HBOS.” The details, as reported by Bloomberg, can […]
I found this on YouTube and thought I’d share it. It relates to the stock market crash and is super interesting – footage that takes us back in time. There are some parallels here for sure!