This article is a must-read for anyone planning to relocate overseas. It contains useful tips from relocation specialists and advice from experienced expats on how to successfully settle into a new resident country.
http://www.ft.com/cms/s/2/fc3a83f4-ed9c-11dd-bd60-0000779fd2ac.html?goback=%2Ehom
We like the point that Donna makes in this article regarding separating your investments into goal-based buckets, thereby allowing you to take a longer term perspective on the pools of money which are saving for a longer term goal. Sage advice for people questioning their investment strategy.
http://www.beijing-kids.com/magazine/2008/12/18/Expat-Economies
Source: beijingkids Magazine www.beijing-kids.com
By: Donna Gorman, December 18, 2008
In depressed markets and when many financial advisors have let their clients down, investors tend to change and reevaluate their advisors much more. We think the advice in the following article from Business Week provides a lot of useful information. Given the recent scandal involving the Ponzi scheme at Madoff Securities, we want to highlight in particular the advice about using only advisors who park their clients’ money at “brand-name custodians, such as Charles Schwab, Fidelity Investments, Pershing, or TD Ameritrade”.
At Maxim, we never take possession of our clients’ assets, rather we maintain client accounts at the two leading custodians, Schwab and Fidelity.
Business Week, December 18, 2008
http://www.businessweek.com/magazine/content/08_52/b4114052572385.htm
It is a sad reality that the motives of greed, power and ego drive people to the point of fraud. This was clearly on display in the Madoff affair, where thousands of investors were ripped off in what may be the world’s largest ponzi scheme ever. The following article from the WSJ does a good job of summarizing the key lessons to be learned.
http://online.wsj.com/article/SB123067814436743871.html
By: James B. Stewart
The Wall Street Journal - Wednesday, December 31, 2008
James B. Stewart, a columnist for SmartMoney magazine and SmartMoney.com, writes weekly about his personal investing strategy. Unlike Dow Jones reporters, he may have positions in the stocks he writes about. For his past columns, see: www.smartmoney.com/commonsense.
