Strategic Management help to assist organizations in identifying what is to be achieved, and how they achieve results of value (Michael A. Hitt and Duane Ireland) Strategic management is a series of managerial decisions and actions that determine the long-term corporate performance in environments that include observation, strategy formulation, implementation, and evaluation
Four models of strategic management.
Observation of the environment consists of the external environment such as variable-organisasidan variabelyng outside there in the short-term control, such as work and social environment that makes organizational life. Internal environments composed variables such as strength weakness in the organization concerned denagn structure and system in which strategy formulation is the development of long-term plan for effective management of the opportunity and threat environments, in terms of strengths and weaknesses of the company, such as the mission is the reason why the organization defines the basic purpose of life and unique as a differentiator, and purpose that is the end result of Achor activities, and strategy formulation of a comprehensive plan for how to achieve the mission and objectives, and policies as a provider of broad guidelines for decision-making organization
Implementation is the process whereby management strategy to realize the strategy and policy into action through the development of programs, budgets, and procedures
Evaluation and control is the process through which the company activities and performance results are monitored and the actual performance compared to the desired performance denagn.
Understanding corporate strategy, business strategy and functional strategy
Corporate strategy is a depiction of the company's overall direction of the company's general attitude towards the growth and management of various businesses and product lines to achieve a balance portfolio of goods and services
Business strategy is the development at the level of division, and the emphasis on improving product persainagn goods and services companies in specific industries and market segments
Functional strategy is the emphasis on maximizing the productivity of resources, and in dalmnya develop strategies to gather together samaberbagai activities and their competence in order to improve performance
Definition of SWOT analysis
SWOT is the acronym of strength, weakness, opportunities, and threats which means strength, weaknesses, opportunities, and threats of a SWOT analysis should mengidewntifikasi competence is a rare company specific expertise and resources owned by a company in unggulyang they use and the strategic capability create a different company
In accordance with the business strategy and business
For companies that produce products telekomonikasi Indosat GSM services such as IM3, Mentari and internet with Im2 then the choice of strategy is a strategy ekspansikarena this strategy conducted in the highly competitive and also rawanatau position paasar products are unstable but because indosat is a great company and have penpatan that significant so no problem in creating new styles and criteria of this expansion strategy over the perluasasn products, markets, corporate functions and increased activity of the company. The reason is that people use this strategy benefited from the expansion of business.
Certainly succeeded in increasing the number of service users Indosat from the target set and the number of users the vast majority are young
Value chain analysis is a model used to help analyze the specific activities that can create value and competitive advantage for an organization that consists of the primary activities (inbound & outbound logistics, operations and sales) and support activities.
The difference between business-level strategies and corporate-level strategies are the focus more on business strategy bertakan at divisional levels to improve the competition position of goods and services that are more specialized and market segmentation as well as increased profits and sales generated, whereas if the corporation is more portrayal direction of the company company's overall attitude toward growth ririskiky general to achieve a balance portfolio of goods and services.
The Company determines the choice of strategy by way of consideration when evaluating the results of this work and then test the mission, goals, strategies, policies, and strategic management review the top level after observing the external and internal environment, such as structural, cultural, social, etc., followed by a SWOT analysis as opportunities threats , strengths and weaknesses are adjusted to current conditions, after which visits the mission and goals in order to generate and evaluate alternatives, and selected the best and then implemented into the evaluation.
A mission should be market oriented so that the mission is clear and easy to understand but its function is unique, and also note the product or technology-oriented is described not described an instrument or product is obtained but at the end and purpose of it all.
The role of board of directors in the formulation of strategy is to evaluate current performance testing accompanied the mission, objectives and strategies and policy and then negotiated with the CEO who observe the external and internal environment and then analyze the SWOT according to current conditions and if necessary revise the mission and goals
The strength of competition in the industry by porter is
Namely cost leadership competitive strategy aimed at low-cost broad market and build efficient scale facilities, vigorous pengurangn prices, control costs and charges in order to provide tight lower prices for its products compared to other competitors
Differentiation is an active strategy to mendaptkan above average results in a business tertentukarena brand loyalty will make consumers' sensitivity to price is low
Focus is cost competitive strategy that focuses on buyer groups or certain geographic markets and try to serve these niches and ignore others in order to seek the benefits of market segments
Focus differentiation is to concentrate on the buyer group, segment product lines, or certain geographic markets Focus on business strategy is where the attainment and implementation process terkosentrasi appropriate strategies and objectives defined mission. Customer Relationship Management (CRM Customer Relationship Management abbreviated) is a type of management that specifically discusses the theories about the handling of the relationship between the company and its customers with the aim of increasing corporate value in the eyes of its customers.
Understanding Others say that he is an integrated information system used to plan, schedule, and control activities and pascapenjualan prapenjualan within an organization. CRM covers all aspects relating to prospects and customers today, including the call center (call center), sales force (sales force), marketing, technical support (technical support) and field service (field service).
The main goal of CRM is to improve long-term growth and profitability through a better understanding of the habits (behavior) customers. CRM aims to provide feedback that is more effective and better integration with the return on investment (ROI) in this area.
Sales Force Automation (Sales force automation / SFA), which became available in the mid 80s is the first component of CRM. SFA helps sales representatives to manage their accounts and track opportunities, manage their contact list, adjust their work schedules, provides online training services which can be a solution for long-distance training, and develop and supervise their sales channel, and also helps optimize delivery of information to the news sharing.SFA, call center (english: call center) and automated field operations are in the same line and enter the market in the late '90s began to join the CRM market. Just as ERP (English: Enterprise Resource Planning), CRM is a very comprehensive system with lots of packages and options.
Referring to the Glen Petersen, author of "ROI: Building the CRM Business Case," The most successful CRM systems found in organizations that adapt their business model for profitability, not only redesigning the information system.
CRM covers methods and technologies used by companies to manage their relationships with customers. The information stored for each customer and potential customers is analyzed and used for this purpose. Process automation in CRM used to generate automatic personalized marketing based on customer information stored in the system.
A CRM system should be able to perform the function:
• Identify the factors that are important to customers.
• Carry the philosophy of customer-oriented (customer centric)
• Adopt measures based on the customer's point of view
• Build the process end to end customer service
• Provide excellent customer support
• Dealing with complaints / customer complaints
• Record and follow all aspects of sales
• Create a holistic information about information services and sales from customers
Customer relationship management is a corporate-level strategy, which focuses on building and maintaining relationships with customers. Some software packages are available with different approaches to CRM. However, CRM is not technology itself, but it is a holistic approach to organizational philosophy, which emphasizes close relationships with customers. CRM care philosophy of the organization at all levels, including policies and processes, customer service, employee training, marketing, fund management and information systems. CRM system to integrate marketing, sales, and customer service from end to end.
Monday, September 13, 2010
Wednesday, September 8, 2010
STOCK AND CURRENCY EXCHANGE RATE
This weekend, Composite Stock Price Index (CSPI) and the rupiah to move in the direction. Thursday, February 25, 2010 and then, JCI fell 1.18% to 2549.03. While the rupiah, to the exchange rate of Bank Indonesia, also minus 0.15% to Rp 9335 per U.S. dollar. During the week, JCI declined 0.21%, while the rupiah rose 0.25%.
CURRENCY GBP/USD
I will explain what and how to determine the price when we play in GBP currency to USD. basically all a country's economy is not that different from countries other, but they always have differences in handling the economic problems of their own with their country and what could affect their economies. like what we know today among the countries economy is very strong country, including states that English can say a country is very high potential in determining the rotation of the world economy. for example the UK ranked second only arab country to sell the value of its currency is to touch the level of 298 points in average daily transactions of capital markets and world currency markets, for example at the level of English occupying 18,700 rupiah currency exchange rate against foreign currencies Indonesia. This shows that the British state is very strong in the fields of economy, especially with the supporters of English has a bersekala BANK in the world and acknowledged as a state treasure that could save its customers from any country. of those stories that we get we should be able to read that the British state is very strong in the economic and state administration, so when all the countries at the beginning of the opening day of the week in the capital markets and world currency markets in the UK is always occupied in the early 17-point opening, if the opening price was high Ingris in average selling its interest rate value automatically in the price range of 27 to 43 points pertransaksinya. if the British currency exchange rates in stage 43-point he sped up to 67 points then BGP will be able to touch the 121 point level, now you may ask why the rate of increase in the movement of currency exchange rates could be achieved exchange rate very high? average speed and increase the value of the GBP was minimal in the range of 27 to 43 points was the smallest, while the average daily exchange rate in the range from 64 to 87 score points, whether this exchange yet you know?? please read the economic level of income per person in the UK, you probably just can not believe that the economy of the country is very high compared developed countries, even very rare CAD could match the British economy, and at the end of the closing price of the currency usually GBP was always able to touch the level of 378 points in the closing per week. can you imagine a country with a very strong economy, even countries that can guarantee the money of any country that invested into english country (in terms of storing wealth of the state or someone who kept his money in the country). this is one proof of evidence is that the British state is in economic conditions are very setabil. the GBP will be able to penetrate up to 297 point level, and it got touching up the 399 point level.
CHANGES IN EUR / USD
Amount of information of local and international news sometimes does not mean a guarantee valid for determining the exchange of one currency into another currency, or sletry price of a company's stock price, more people do not notice the opening price at the beginning of week and the closing price on the day of fridy. Among the ways to see and predict where prices will go can we make it simple schematic of a basic movement of the economy of a country, we must first know the maximum power of the State economy of certain countries as a determinant of the market, such as the United States, Europe, france, germany , English, Japanese and many more countries southeast asia that some time has been included as a State that has a major influence on the State's economy - the State in the world. As a simple example of this way of reading up - falling EUR / USD is always on view at the opening price at the beginning of the week and at the end of Friday, and the daily opening occurred at 04:00 local time (depending on when the State itself) basically the price is always affected by tax rules required by the world federation of economic transactions of international interest rates, the price of EUR / USD will be visible in the range of 6-12 standard points taxes, if taxes are originated from the red number then the possibility for him to be a higher sales until at least 20-37 points touched, and vice versa,. The picture is clear I am sure you all can understand, the tendency of capital markets, trading currencies, it's a good's influenced by individual habits, a habit stock market, bonds, and currency exchange rates that we see in practice the market International or local itself. Basic picture of currency exchange rates as follows:
EUR / USD
Basic starting point from 6-12 points, if the price has touched a change in the level of 12 points then that price will likely rise to the level to 26-37 points, then if the state's economy does not respond then to the next level could touch the figure was 63 points the beginning of the 42 points. Then if you touch the level of 69 points will be touched to 95 points, and usually will get to 137 points ... .. arrived at this point we should be very careful to determine the price.
THE MOVEMENT EUR / JPY
EUR / JPY currency which two extremely influential in the world of selling - buying currencies of the world, the two currencies have had a very strong difference in the same economic character, as we know that European countries are always competing with the Japanese state in advance the priority scale up their economies, as an example a very tight competition that we can see an example of their rivalry in bisang automotive and automotive exsport and goods - electronics goods, Japan is always in the top position, if the European competition in the field quantity can be sure it will be defeated, but if europe own up competition in the field of quality in making sure goods can be superior to 40 percent of the Japanese nation. as what we see, Japanese-made car is always able to better his lot in production but they are weak in quality than the stuff in European countries, European countries the opposite is also always lost in the manufacturing and production in Japan compare. two-way competition itself has benefits and advantages to each - each. goods - goods and the car in production by European countries always use older age compared with the goods and the car in production by the Japanese state.
of the real picture on top of that we can see that the competition between the two countries are very strict but it is very much difference, and have their selling points - each with one of the two countries is not in anyone's, so the priority scale differences rise - fall into the second currency that the country is very high in the world movement of capital and stock markets and the impact on high-level differences in the initial opening point and the end of the transaction.
at the opening at the beginning of the week will be met in the range of 17 to 23 points, if in this stage we can monitor the movement of two currencies that we can very easily set up the point what would be - think we can take the advantage and profit
basic movements of EUR / JPY is always in the range of 45 to 77 points in each movement in a single transaction, this is why the two currencies was always bound up much of his movement, but not in this regard is good because the two currencies can be very quickly returned to the base price of the opening at the beginning of the transaction could even go back to the beginning of the transaction price at the opening at the beginning of the first week.
the two currencies was very common until it touches the 367-point numbers, in one week can usually be touched twice that number.
Bhakti Securities Research Chief Edwin Sebayang opinion, the market is still waiting for the final session of the Special Committee of Century Bank. Investors are also waiting for the report performance of the issuers. JCI and the rupiah is still likely to move statements. This prompted investors more selective in picking stocks.
The market had been anticipating economic data due out early March 2010. From United States, according to Edwin, to be released data rate of labor. I predict next week, JCI will move in the range of 2494-2584.
Rhythm with JCI, the movement of the exchange rate is also relatively flat. Nurul Eti Nurbaeti, money market BNI Securities analyst, said during this week bought more corporations buy up U.S. dollars is quite high.
The dominance of the U.S. dollar also affected by the economic slump in the European region, especially the Greek deficit problem. U.S. dollar tends to strengthen against all world currencies, especially euros. This step involved holding dollars. In fact, the U.S. dollar index is still strong at the level 80.89. This is the highest figure in six months.
Even so, Nurul suggesting investors do not get too worried about these sentiments. Because, the central bank has consistently keeping the rupiah in the range of Rp 9,300 per U.S. dollar. Moreover, sentiment in the early months of the rupiah will usually be higher, said Nurul.
Next week, Nurul projecting rupiah will play in the figure Rp 9,200 - Rp 9375 per U.S. dollar.
Shares of Bumi Serpong sale with 23% Discount
In recent years, the release of shares to strategic investors through the stock exchange seems increasingly rampant. As stated after (AKRA) conducted a placement through the Indonesia Stock Exchange (IDX), a few weeks ago, a similar move made the owner of PT Bumi Serpong Damai Tbk (BSDE). Thursday, February 25, 2010, total transaction volume reached 3.84 million shares of BSDE lots, or about 1.92 billion shares. While the value of transactions reached Rp 1.16 trillion.
Apparently, as much as 1.7 billion shares of Bumi Serpong transacted through the transaction own lid (crossing). This amount is equivalent to 15.55% of the total shares of the property development company. Indonesia PT Macquarie Capital Securities is a broker who conduct transactions tersebut.Yang attractive, the transaction was done at the price of Rp 600 per share. Mean, 23.08% lower value of BSDE when the closing share price the stock trades a day earlier.
BSDE stock price declined 22% in trades to Rp 610 per share. BSDE share price fell due to speculation of the release of shares at a price below market price, said John Teja, Ciptadana Securities analyst, as quoted Bloomberg.Memang, among market rumors that the controller BSDE, namely the Sinar Mas Group, sold their shares to investors strategic through a private placement pattern. But, management BSDE pleaded not aware of any such transaction. The Company does not know anything, that the authority of shareholders, said Southeast Feniyati, Corporate Secretary BSDE.
Based on RTI data, as of January 31, 2010, shareholders are PT Paraga Artamida BSDE with ownership of as much as 36.73%, and Wamer Investment (Labuan) Bhd and PT Serasi Commerce Sakti have respectively 31.16% and 5.79% of shares . While the community with ownership of less than 5% have a 26.32% stake BSDE.
Paraga is a company owned by the Sinar Mas Group. However, the Sinar Mas Group Managing Director Gandhi Sulistiyanto denied the release of shares by Paraga BSDE. Ownership (Paraga) remained 36.73%. Bhakti Securities analyst Reza Nugraha suspect there are two possibilities why BSDE removing one of the owners of its shares. First, they view the real estate business was not very profitable. Second, shareholders need the funds that it needs to sell its assets.
In fact, Reza said, the real estate business this year still has a prospect. The reason, relatively low interest rates, which raises the interest of the community to invest in property. Purchasing power is also better than in 2009, Reza said. Now, the market awaits the identity of purchasers of shares BSDE, continued Reza. This determines the direction of stock prices next BSDE.
Net Income 2009 ASII Translucent Rp 10 trillion, an unfavorable economic conditions throughout the year 2009 and then as if not able to degrade the performance of PT Astra International Tbk (ASII). The proof, the company is still able to print multibidang revenue growth of 1.5% compared to 2008.
ASII revenue at the end of 2009 amounted to Rp 98.52 trillion. Operating income parent Astra Group's business is up 7% to Rp 12.75 trillion. The increase was boosted net profit during the year 2009 ASII ago by 9% to USD 10.04 triliun.Walau in 2009 and then suffered a global recession, ASII still managed to record a good performance, "said Acting President Director ASII Prijono Sugiarto, in a press release ASII.
Arief Istanto, Chief of Corporate Communication ASII, explains, the increase ASII revenue edged up only because the volume of car sales during the year 2009 and then fell 12% to 281,000 units. ASII Motorcycle sales also fell 6.8% to about 2.7 million units. Although auto sales fell, ASII performance in 2009 and then was helped by the contribution of its children. Like, PT Bank Permata Tbk (BNLI) which recorded a 6% increase in net profit to Rp 480 billion. While net income of PT Federal (AUTO) increased 36% to Rp 786 billion.
Business of mining and heavy equipment, namely PT United Tractors Tbk (UNTR) managed to get a net profit of Rp 3.8 trillion. Means, increased 43% from 2008. Cantilever UNTR performance is increased coal sales by 15%. As if not want to miss, PT Astra Graphia Tbk (ASGR) also managed to get a net profit growth of 7% to USD 67 billion.
Only the performance of PT Astra Agro Lestari Tbk (AALI) is disappointing. Net income for this crude palm oil producer in 2009 and then fell 37% to Rp 1.7 trillion. This condition is caused by a decrease in the average price of world palm oil by 13%. In fact, production rose 10%.
INVS Sedia Acquisition Fund USD 50 Billion, PT Inovisi Infracom Tbk (INVS) is planning to improve its performance through non-organic or acquired growth company engaged in the same industry. Service providers of this information technology infrastructure system plans to hold a corporate action in the first half of this year.
Company Secretary Benita INVS Sofia said it would peg the capital expenditure (capex) to Rp 50 billion. All capital expenditure fund was placed to the acquisition. Capex budget is larger than in 2009, which amounted to Rp 35 miliar.INVS intends to acquire a company engaged in the field of information technology (IT) small and medium enterprises in Singapore. They hope to become the majority shareholder in the company.
If the action is successful, the acquired company will become the vehicle INVS expansion into Singapore and some other neighboring countries. Like Malaysia, Thailand, and Vietnam.Tidak only acquisitions, INVS also expanded its business into Eastern Indonesia. Among the 100 program development projects Smart Village and the Palapa Ring Project Phase II.
INVS Management believes its revenue for 2010 was increased after the realization of the plan. Benita said INVS set a target revenue of Rp 140 billion or an increase of 52% of the predicted acquisition in 2009. While its net profit at the end of the year targeted USD 28 billion, or more than doubled from a year 2009.Hingga third-quarter 2009, INVS successfully get an income of Rp 56 billion and net income of Rp 12 billion. However, cash and cash equivalents INVS only USD $ 9.05 billion. In addition, the General Meeting of Shareholders (GMS), INVS has received approval to increase authorized capital from Rp 240 billion to Rp 500 billion. The number of shareholders who attended as many as 74%.
CURRENCY GBP/USD
I will explain what and how to determine the price when we play in GBP currency to USD. basically all a country's economy is not that different from countries other, but they always have differences in handling the economic problems of their own with their country and what could affect their economies. like what we know today among the countries economy is very strong country, including states that English can say a country is very high potential in determining the rotation of the world economy. for example the UK ranked second only arab country to sell the value of its currency is to touch the level of 298 points in average daily transactions of capital markets and world currency markets, for example at the level of English occupying 18,700 rupiah currency exchange rate against foreign currencies Indonesia. This shows that the British state is very strong in the fields of economy, especially with the supporters of English has a bersekala BANK in the world and acknowledged as a state treasure that could save its customers from any country. of those stories that we get we should be able to read that the British state is very strong in the economic and state administration, so when all the countries at the beginning of the opening day of the week in the capital markets and world currency markets in the UK is always occupied in the early 17-point opening, if the opening price was high Ingris in average selling its interest rate value automatically in the price range of 27 to 43 points pertransaksinya. if the British currency exchange rates in stage 43-point he sped up to 67 points then BGP will be able to touch the 121 point level, now you may ask why the rate of increase in the movement of currency exchange rates could be achieved exchange rate very high? average speed and increase the value of the GBP was minimal in the range of 27 to 43 points was the smallest, while the average daily exchange rate in the range from 64 to 87 score points, whether this exchange yet you know?? please read the economic level of income per person in the UK, you probably just can not believe that the economy of the country is very high compared developed countries, even very rare CAD could match the British economy, and at the end of the closing price of the currency usually GBP was always able to touch the level of 378 points in the closing per week. can you imagine a country with a very strong economy, even countries that can guarantee the money of any country that invested into english country (in terms of storing wealth of the state or someone who kept his money in the country). this is one proof of evidence is that the British state is in economic conditions are very setabil. the GBP will be able to penetrate up to 297 point level, and it got touching up the 399 point level.
CHANGES IN EUR / USD
Amount of information of local and international news sometimes does not mean a guarantee valid for determining the exchange of one currency into another currency, or sletry price of a company's stock price, more people do not notice the opening price at the beginning of week and the closing price on the day of fridy. Among the ways to see and predict where prices will go can we make it simple schematic of a basic movement of the economy of a country, we must first know the maximum power of the State economy of certain countries as a determinant of the market, such as the United States, Europe, france, germany , English, Japanese and many more countries southeast asia that some time has been included as a State that has a major influence on the State's economy - the State in the world. As a simple example of this way of reading up - falling EUR / USD is always on view at the opening price at the beginning of the week and at the end of Friday, and the daily opening occurred at 04:00 local time (depending on when the State itself) basically the price is always affected by tax rules required by the world federation of economic transactions of international interest rates, the price of EUR / USD will be visible in the range of 6-12 standard points taxes, if taxes are originated from the red number then the possibility for him to be a higher sales until at least 20-37 points touched, and vice versa,. The picture is clear I am sure you all can understand, the tendency of capital markets, trading currencies, it's a good's influenced by individual habits, a habit stock market, bonds, and currency exchange rates that we see in practice the market International or local itself. Basic picture of currency exchange rates as follows:
EUR / USD
Basic starting point from 6-12 points, if the price has touched a change in the level of 12 points then that price will likely rise to the level to 26-37 points, then if the state's economy does not respond then to the next level could touch the figure was 63 points the beginning of the 42 points. Then if you touch the level of 69 points will be touched to 95 points, and usually will get to 137 points ... .. arrived at this point we should be very careful to determine the price.
THE MOVEMENT EUR / JPY
EUR / JPY currency which two extremely influential in the world of selling - buying currencies of the world, the two currencies have had a very strong difference in the same economic character, as we know that European countries are always competing with the Japanese state in advance the priority scale up their economies, as an example a very tight competition that we can see an example of their rivalry in bisang automotive and automotive exsport and goods - electronics goods, Japan is always in the top position, if the European competition in the field quantity can be sure it will be defeated, but if europe own up competition in the field of quality in making sure goods can be superior to 40 percent of the Japanese nation. as what we see, Japanese-made car is always able to better his lot in production but they are weak in quality than the stuff in European countries, European countries the opposite is also always lost in the manufacturing and production in Japan compare. two-way competition itself has benefits and advantages to each - each. goods - goods and the car in production by European countries always use older age compared with the goods and the car in production by the Japanese state.
of the real picture on top of that we can see that the competition between the two countries are very strict but it is very much difference, and have their selling points - each with one of the two countries is not in anyone's, so the priority scale differences rise - fall into the second currency that the country is very high in the world movement of capital and stock markets and the impact on high-level differences in the initial opening point and the end of the transaction.
at the opening at the beginning of the week will be met in the range of 17 to 23 points, if in this stage we can monitor the movement of two currencies that we can very easily set up the point what would be - think we can take the advantage and profit
basic movements of EUR / JPY is always in the range of 45 to 77 points in each movement in a single transaction, this is why the two currencies was always bound up much of his movement, but not in this regard is good because the two currencies can be very quickly returned to the base price of the opening at the beginning of the transaction could even go back to the beginning of the transaction price at the opening at the beginning of the first week.
the two currencies was very common until it touches the 367-point numbers, in one week can usually be touched twice that number.
Bhakti Securities Research Chief Edwin Sebayang opinion, the market is still waiting for the final session of the Special Committee of Century Bank. Investors are also waiting for the report performance of the issuers. JCI and the rupiah is still likely to move statements. This prompted investors more selective in picking stocks.
The market had been anticipating economic data due out early March 2010. From United States, according to Edwin, to be released data rate of labor. I predict next week, JCI will move in the range of 2494-2584.
Rhythm with JCI, the movement of the exchange rate is also relatively flat. Nurul Eti Nurbaeti, money market BNI Securities analyst, said during this week bought more corporations buy up U.S. dollars is quite high.
The dominance of the U.S. dollar also affected by the economic slump in the European region, especially the Greek deficit problem. U.S. dollar tends to strengthen against all world currencies, especially euros. This step involved holding dollars. In fact, the U.S. dollar index is still strong at the level 80.89. This is the highest figure in six months.
Even so, Nurul suggesting investors do not get too worried about these sentiments. Because, the central bank has consistently keeping the rupiah in the range of Rp 9,300 per U.S. dollar. Moreover, sentiment in the early months of the rupiah will usually be higher, said Nurul.
Next week, Nurul projecting rupiah will play in the figure Rp 9,200 - Rp 9375 per U.S. dollar.
Shares of Bumi Serpong sale with 23% Discount
In recent years, the release of shares to strategic investors through the stock exchange seems increasingly rampant. As stated after (AKRA) conducted a placement through the Indonesia Stock Exchange (IDX), a few weeks ago, a similar move made the owner of PT Bumi Serpong Damai Tbk (BSDE). Thursday, February 25, 2010, total transaction volume reached 3.84 million shares of BSDE lots, or about 1.92 billion shares. While the value of transactions reached Rp 1.16 trillion.
Apparently, as much as 1.7 billion shares of Bumi Serpong transacted through the transaction own lid (crossing). This amount is equivalent to 15.55% of the total shares of the property development company. Indonesia PT Macquarie Capital Securities is a broker who conduct transactions tersebut.Yang attractive, the transaction was done at the price of Rp 600 per share. Mean, 23.08% lower value of BSDE when the closing share price the stock trades a day earlier.
BSDE stock price declined 22% in trades to Rp 610 per share. BSDE share price fell due to speculation of the release of shares at a price below market price, said John Teja, Ciptadana Securities analyst, as quoted Bloomberg.Memang, among market rumors that the controller BSDE, namely the Sinar Mas Group, sold their shares to investors strategic through a private placement pattern. But, management BSDE pleaded not aware of any such transaction. The Company does not know anything, that the authority of shareholders, said Southeast Feniyati, Corporate Secretary BSDE.
Based on RTI data, as of January 31, 2010, shareholders are PT Paraga Artamida BSDE with ownership of as much as 36.73%, and Wamer Investment (Labuan) Bhd and PT Serasi Commerce Sakti have respectively 31.16% and 5.79% of shares . While the community with ownership of less than 5% have a 26.32% stake BSDE.
Paraga is a company owned by the Sinar Mas Group. However, the Sinar Mas Group Managing Director Gandhi Sulistiyanto denied the release of shares by Paraga BSDE. Ownership (Paraga) remained 36.73%. Bhakti Securities analyst Reza Nugraha suspect there are two possibilities why BSDE removing one of the owners of its shares. First, they view the real estate business was not very profitable. Second, shareholders need the funds that it needs to sell its assets.
In fact, Reza said, the real estate business this year still has a prospect. The reason, relatively low interest rates, which raises the interest of the community to invest in property. Purchasing power is also better than in 2009, Reza said. Now, the market awaits the identity of purchasers of shares BSDE, continued Reza. This determines the direction of stock prices next BSDE.
Net Income 2009 ASII Translucent Rp 10 trillion, an unfavorable economic conditions throughout the year 2009 and then as if not able to degrade the performance of PT Astra International Tbk (ASII). The proof, the company is still able to print multibidang revenue growth of 1.5% compared to 2008.
ASII revenue at the end of 2009 amounted to Rp 98.52 trillion. Operating income parent Astra Group's business is up 7% to Rp 12.75 trillion. The increase was boosted net profit during the year 2009 ASII ago by 9% to USD 10.04 triliun.Walau in 2009 and then suffered a global recession, ASII still managed to record a good performance, "said Acting President Director ASII Prijono Sugiarto, in a press release ASII.
Arief Istanto, Chief of Corporate Communication ASII, explains, the increase ASII revenue edged up only because the volume of car sales during the year 2009 and then fell 12% to 281,000 units. ASII Motorcycle sales also fell 6.8% to about 2.7 million units. Although auto sales fell, ASII performance in 2009 and then was helped by the contribution of its children. Like, PT Bank Permata Tbk (BNLI) which recorded a 6% increase in net profit to Rp 480 billion. While net income of PT Federal (AUTO) increased 36% to Rp 786 billion.
Business of mining and heavy equipment, namely PT United Tractors Tbk (UNTR) managed to get a net profit of Rp 3.8 trillion. Means, increased 43% from 2008. Cantilever UNTR performance is increased coal sales by 15%. As if not want to miss, PT Astra Graphia Tbk (ASGR) also managed to get a net profit growth of 7% to USD 67 billion.
Only the performance of PT Astra Agro Lestari Tbk (AALI) is disappointing. Net income for this crude palm oil producer in 2009 and then fell 37% to Rp 1.7 trillion. This condition is caused by a decrease in the average price of world palm oil by 13%. In fact, production rose 10%.
INVS Sedia Acquisition Fund USD 50 Billion, PT Inovisi Infracom Tbk (INVS) is planning to improve its performance through non-organic or acquired growth company engaged in the same industry. Service providers of this information technology infrastructure system plans to hold a corporate action in the first half of this year.
Company Secretary Benita INVS Sofia said it would peg the capital expenditure (capex) to Rp 50 billion. All capital expenditure fund was placed to the acquisition. Capex budget is larger than in 2009, which amounted to Rp 35 miliar.INVS intends to acquire a company engaged in the field of information technology (IT) small and medium enterprises in Singapore. They hope to become the majority shareholder in the company.
If the action is successful, the acquired company will become the vehicle INVS expansion into Singapore and some other neighboring countries. Like Malaysia, Thailand, and Vietnam.Tidak only acquisitions, INVS also expanded its business into Eastern Indonesia. Among the 100 program development projects Smart Village and the Palapa Ring Project Phase II.
INVS Management believes its revenue for 2010 was increased after the realization of the plan. Benita said INVS set a target revenue of Rp 140 billion or an increase of 52% of the predicted acquisition in 2009. While its net profit at the end of the year targeted USD 28 billion, or more than doubled from a year 2009.Hingga third-quarter 2009, INVS successfully get an income of Rp 56 billion and net income of Rp 12 billion. However, cash and cash equivalents INVS only USD $ 9.05 billion. In addition, the General Meeting of Shareholders (GMS), INVS has received approval to increase authorized capital from Rp 240 billion to Rp 500 billion. The number of shareholders who attended as many as 74%.
Sunday, September 5, 2010
OVERVIEW OF THE BANK INVESTMENT
Mutual funds are the container and the pattern of fund management / capital for the group of investors to invest in investment instruments available in the market by buying mutual funds. These funds are then managed by the Investment Manager (MI) into the investment portfolio, whether it be stocks, bonds, money market or securities / other security. According to Capital Market Law No. 8 of 1995 article 1, paragraph (27): "Mutual funds are a vehicle used to collect funds from public investors to be invested in portfolio securities by the Investment Manager.
From the second definition above, there are three important elements in the sense of mutual funds namely:
The existence of a collection of public funds, both individuals and institutions,
Joint investment in a diversified portfolio of securities that have been, and
The Investment Manager is believed to be the fund manager owned by the investor community.
In mutual funds, investment management to manage the funds placed in securities and realized a gain or loss and to receive dividends or interest which the posting into the "Net Asset Value" (NAV) of mutual fund.
Wealth mutual funds managed by investment managers are required to be stored at the custodian bank that is not affiliated with the investment manager, custodian bank where this will act as a collective day care centers and administrators.
Mutual funds who first called the Massachusetts Investors Trust, published on March 21, 1924, which in just over a year has had as many as 200 investors of mutual funds with total assets worth U.S. $ 392,000.
In 1929 when the stock market falls then the growth of the mutual fund industry has become slow. Responding to the collapse of the stock then the U.S. Congress issued a Securities Act 1933 (the Securities Act of 1933) and Stock Exchange Act 1934 (the Securities Exchange Act of 1934).
Under these regulations, the funds must be registered with the Securities and Exchange Commission or SEC is usually called a commission in the United States who handle securities trading and capital markets. Besides that, the publishers are obliged to provide mutual fund prospectuses that contain information to mutual fund disclosure, also includes securities that become the objects under management, information on investment managers published a mutual fund.
The SEC is also involved in the design of the Investment Company Act of 1940 is the reference to the provisions that must be met for any registration of mutual funds today.
With the restoration of market confidence in the stock market, mutual funds began to grow and develop. Until late 1960 there are estimated to have about 270 mutual funds with funds under management by 48 trillion U.S. Dollars.
Index mutual funds were first introduced in 1976 by John Bogle with the name First Index Investment Trust, which is now called the Vanguard 500 Index Fund, which is the largest mutual fund with funds under management which reached 100 billion U.S. Dollar
One of the largest contributors of mutual fund growth in the United States is by the provisions on individual retirement accounts (individual retirement account - IRA), which adds the provisions into the Internal Revenue Code (tax laws in the United States) that allow individuals (including those who already have a company pension plan ) to set aside U.S. $ 4,000 a year.
Based on the Capital Market Law No. 8 of 1995 article 18, paragraph (1), the legal form of mutual funds in Indonesia there are two, namely the Mutual Fund Limited Liability Company (PT Mutual Funds) and Mutual Fund Collective Investment Contract (KIK). Mutual Fund in the form of the Company (PT. Mutual Funds)
a company (limited company), which from the legal form is no different from other companies. The difference lies in the type of business, namely the type of investment portfolio management business.
Collective Investment Contract
contract is created between the Investment Manager and Custodian Bank are also binding on Unit holders as the Investor. Through this contract the Investment Manager is authorized to manage the portfolio of securities and custodian banks authorized to conduct custody and investment administration.
Based on the characteristics of the mutual funds can be classified as follows:
Open Mutual Fund
are mutual funds that can be sold back to the Investment Management Company who published it without going through the trading mechanism at the stock exchange. Selling price is usually equal to their net asset value. Most of the mutual funds that exist today is an open fund.
Mutual Funds Closed
are mutual funds that can not be resold to investment management companies that publish it. Closed mutual funds can only be resold to other investors through the mechanism of trading on the Stock Exchange. Selling price can be above or below their net asset value.
Fixed Income Mutual Fund.
Mutual funds that invest at least 80% of managed funds (assets) in the form of debt securities.
Stock Mutual Funds.
Mutual funds that invest at least 80% of funds under its management in equity securities.
Mutual mixture.
Mutual funds that have a ratio of the target asset allocation in stocks and fixed income securities that can not be categorized into three other mutual funds.
Money Market Mutual Fund.
Mutual funds that invest in debt securities planted with maturities of less than one year.
Mutual Funds have several benefits that make it one attractive investment alternatives, among others:
Managed by a professional management
The management of a mutual fund portfolio held by the Investment Manager who is specialized expertise in fund management. The Role of Investment Managers are very important because individual investors typically have limited time, so it can not conduct research directly in analyzing the effects of price and access information to capital markets.
Investment Diversification
Diversification, or spreading investments embodied in the portfolio will reduce risk (but not eliminate), because the funds or the Fund's assets invested in various types of securities so that the risks were too scattered. In other words, the risk is not at risk when a buy one or two types of shares or securities individually.
Transparency of information
Mutual Funds are required to provide information on the development of its portfolio and the cost will continuously so that holders of Units to monitor the benefits, costs, and risks of each saat.Pengelola Mutual Fund shall announce the Net Asset Value (NAV) it every day in newspapers and published a semi-annual financial statements prospectuses and annual and regular basis so that investors can monitor the progress of its investments on a regular basis.
High Liquidity
To be successful the investment made, every investment instrument must have a high enough level of liquidity. Thus, investors can liquidate again Participation Units at any time according to assessments made by each mutual fund that allows investors to manage its cash. Open mutual fund shall buy back the Participation Units that are highly liquid.
Low Cost
Because the mutual fund is a collection of funds from many investors and then managed in a professional, then in line with the ability to make these investments will generate also transaction cost efficiency.
Transaction costs will be lower than if individual investors do their own transactions in the stock.
Deciding to consider refinancing of mortgage for home loan is a major determination. Next key issue involved is to find ways to get profitable quotes for mortgage from banks. A thorough research of prevailing market rates is essential to obtain competitive quote from mortgage firms. Being familiar with current trends enables one stand a better chance of bargaining for lower interest charges. Mortgage rates usually increase or decrease in accordance with securities in Wall Street. A careful overview of market trends helps one save considerably on interests.
Comparing different loan schemes from a particular mortgage vendor and also form different vendors would facilitate one to choose the most profitable scheme. Among major tools available in market for evaluating dissimilar loans programs is the Annual Percentage Rate (APR). Laws of the state make it mandatory to expressively disclose APR while marketing their mortgage rates. This is for the benefit of borrower and to prevent them from falling prey to lower advertised rates, and find out if there are any hidden fees and upfront costs involved later.
Personal meeting with lenders, bank officials' and mortgage professionals' help in getting a competitive interest quote for your loan. Being well prepared with entire documentary evidence in support of your financial situation before meeting the people at bank enhances chances of receiving lower interests. Presenting documents to support your favorable credit history would tempt bank managers to provide you with lucrative mortgage quotes.
Papers essential to obtain fast and lucrative loans rates include:
Verification of employment status and proof of income sources.
Previous paid credit card bills and other similar statements to show history of genuine payments in past
Purchase contract of the house if it is available.
Bank details such as address of bank and your account numbers are important. Also previous 2-3 months statement of current and savings account are required.
Tax returns of last two years provide excellent proof of your financial position and hence should always be carried along while visiting the mortgage professional.
Entire information about other existing debt like car loans, student loans, retail credit cards or furniture loans, if any are required to acquire mortgage deal.
Presenting any gift vouchers received from relatives and friends would encourage bank managers to have increased faith in your paying capabilities. Such gift letters ensure that money acquired through gifts belongs to the recipient and the recipient does not have any liability on such financial assets.
Self-employed individuals may present their previous year's balance sheets and other tax statements.
Another good deal is about initially locking the specific rate of interest at time of proposal that would be charged. The process of loan approval might take some time and during such a time interval there might be fluctuation in rates of interest. Getting mortgage quote fixed at time of application relieves one from falling prey to chances of higher charges being imposed at time of loan approval.
Interest rates charged by bank also depend upon factors as amount of loan required, time period of loan, down payment, discount points, adjustable rates, closing stocks and so on.
From the second definition above, there are three important elements in the sense of mutual funds namely:
The existence of a collection of public funds, both individuals and institutions,
Joint investment in a diversified portfolio of securities that have been, and
The Investment Manager is believed to be the fund manager owned by the investor community.
In mutual funds, investment management to manage the funds placed in securities and realized a gain or loss and to receive dividends or interest which the posting into the "Net Asset Value" (NAV) of mutual fund.
Wealth mutual funds managed by investment managers are required to be stored at the custodian bank that is not affiliated with the investment manager, custodian bank where this will act as a collective day care centers and administrators.
Mutual funds who first called the Massachusetts Investors Trust, published on March 21, 1924, which in just over a year has had as many as 200 investors of mutual funds with total assets worth U.S. $ 392,000.
In 1929 when the stock market falls then the growth of the mutual fund industry has become slow. Responding to the collapse of the stock then the U.S. Congress issued a Securities Act 1933 (the Securities Act of 1933) and Stock Exchange Act 1934 (the Securities Exchange Act of 1934).
Under these regulations, the funds must be registered with the Securities and Exchange Commission or SEC is usually called a commission in the United States who handle securities trading and capital markets. Besides that, the publishers are obliged to provide mutual fund prospectuses that contain information to mutual fund disclosure, also includes securities that become the objects under management, information on investment managers published a mutual fund.
The SEC is also involved in the design of the Investment Company Act of 1940 is the reference to the provisions that must be met for any registration of mutual funds today.
With the restoration of market confidence in the stock market, mutual funds began to grow and develop. Until late 1960 there are estimated to have about 270 mutual funds with funds under management by 48 trillion U.S. Dollars.
Index mutual funds were first introduced in 1976 by John Bogle with the name First Index Investment Trust, which is now called the Vanguard 500 Index Fund, which is the largest mutual fund with funds under management which reached 100 billion U.S. Dollar
One of the largest contributors of mutual fund growth in the United States is by the provisions on individual retirement accounts (individual retirement account - IRA), which adds the provisions into the Internal Revenue Code (tax laws in the United States) that allow individuals (including those who already have a company pension plan ) to set aside U.S. $ 4,000 a year.
Based on the Capital Market Law No. 8 of 1995 article 18, paragraph (1), the legal form of mutual funds in Indonesia there are two, namely the Mutual Fund Limited Liability Company (PT Mutual Funds) and Mutual Fund Collective Investment Contract (KIK). Mutual Fund in the form of the Company (PT. Mutual Funds)
a company (limited company), which from the legal form is no different from other companies. The difference lies in the type of business, namely the type of investment portfolio management business.
Collective Investment Contract
contract is created between the Investment Manager and Custodian Bank are also binding on Unit holders as the Investor. Through this contract the Investment Manager is authorized to manage the portfolio of securities and custodian banks authorized to conduct custody and investment administration.
Based on the characteristics of the mutual funds can be classified as follows:
Open Mutual Fund
are mutual funds that can be sold back to the Investment Management Company who published it without going through the trading mechanism at the stock exchange. Selling price is usually equal to their net asset value. Most of the mutual funds that exist today is an open fund.
Mutual Funds Closed
are mutual funds that can not be resold to investment management companies that publish it. Closed mutual funds can only be resold to other investors through the mechanism of trading on the Stock Exchange. Selling price can be above or below their net asset value.
Fixed Income Mutual Fund.
Mutual funds that invest at least 80% of managed funds (assets) in the form of debt securities.
Stock Mutual Funds.
Mutual funds that invest at least 80% of funds under its management in equity securities.
Mutual mixture.
Mutual funds that have a ratio of the target asset allocation in stocks and fixed income securities that can not be categorized into three other mutual funds.
Money Market Mutual Fund.
Mutual funds that invest in debt securities planted with maturities of less than one year.
Mutual Funds have several benefits that make it one attractive investment alternatives, among others:
Managed by a professional management
The management of a mutual fund portfolio held by the Investment Manager who is specialized expertise in fund management. The Role of Investment Managers are very important because individual investors typically have limited time, so it can not conduct research directly in analyzing the effects of price and access information to capital markets.
Investment Diversification
Diversification, or spreading investments embodied in the portfolio will reduce risk (but not eliminate), because the funds or the Fund's assets invested in various types of securities so that the risks were too scattered. In other words, the risk is not at risk when a buy one or two types of shares or securities individually.
Transparency of information
Mutual Funds are required to provide information on the development of its portfolio and the cost will continuously so that holders of Units to monitor the benefits, costs, and risks of each saat.Pengelola Mutual Fund shall announce the Net Asset Value (NAV) it every day in newspapers and published a semi-annual financial statements prospectuses and annual and regular basis so that investors can monitor the progress of its investments on a regular basis.
High Liquidity
To be successful the investment made, every investment instrument must have a high enough level of liquidity. Thus, investors can liquidate again Participation Units at any time according to assessments made by each mutual fund that allows investors to manage its cash. Open mutual fund shall buy back the Participation Units that are highly liquid.
Low Cost
Because the mutual fund is a collection of funds from many investors and then managed in a professional, then in line with the ability to make these investments will generate also transaction cost efficiency.
Transaction costs will be lower than if individual investors do their own transactions in the stock.
Deciding to consider refinancing of mortgage for home loan is a major determination. Next key issue involved is to find ways to get profitable quotes for mortgage from banks. A thorough research of prevailing market rates is essential to obtain competitive quote from mortgage firms. Being familiar with current trends enables one stand a better chance of bargaining for lower interest charges. Mortgage rates usually increase or decrease in accordance with securities in Wall Street. A careful overview of market trends helps one save considerably on interests.
Comparing different loan schemes from a particular mortgage vendor and also form different vendors would facilitate one to choose the most profitable scheme. Among major tools available in market for evaluating dissimilar loans programs is the Annual Percentage Rate (APR). Laws of the state make it mandatory to expressively disclose APR while marketing their mortgage rates. This is for the benefit of borrower and to prevent them from falling prey to lower advertised rates, and find out if there are any hidden fees and upfront costs involved later.
Personal meeting with lenders, bank officials' and mortgage professionals' help in getting a competitive interest quote for your loan. Being well prepared with entire documentary evidence in support of your financial situation before meeting the people at bank enhances chances of receiving lower interests. Presenting documents to support your favorable credit history would tempt bank managers to provide you with lucrative mortgage quotes.
Papers essential to obtain fast and lucrative loans rates include:
Verification of employment status and proof of income sources.
Previous paid credit card bills and other similar statements to show history of genuine payments in past
Purchase contract of the house if it is available.
Bank details such as address of bank and your account numbers are important. Also previous 2-3 months statement of current and savings account are required.
Tax returns of last two years provide excellent proof of your financial position and hence should always be carried along while visiting the mortgage professional.
Entire information about other existing debt like car loans, student loans, retail credit cards or furniture loans, if any are required to acquire mortgage deal.
Presenting any gift vouchers received from relatives and friends would encourage bank managers to have increased faith in your paying capabilities. Such gift letters ensure that money acquired through gifts belongs to the recipient and the recipient does not have any liability on such financial assets.
Self-employed individuals may present their previous year's balance sheets and other tax statements.
Another good deal is about initially locking the specific rate of interest at time of proposal that would be charged. The process of loan approval might take some time and during such a time interval there might be fluctuation in rates of interest. Getting mortgage quote fixed at time of application relieves one from falling prey to chances of higher charges being imposed at time of loan approval.
Interest rates charged by bank also depend upon factors as amount of loan required, time period of loan, down payment, discount points, adjustable rates, closing stocks and so on.
Friday, September 3, 2010
GETTING BUSINESS OPORTUNITY
The future of equipment leasing is firmly hand in hand with business development, small, large and everything in between. Equipment leasing is synonymous with possibilities and what business does not benefit from possibilities? Equipment leasing offers businesses: Financial Options, Growth or Expansion Options and Business Potential.
Financial Options - Businesses need financial capital to grow. Capital provides a business with options from loans to investments. Equipment leasing is tax deductible, whereas initial large investments are deductible the first year but only a percentage thereof is after that. Businesses hire accountants and tax experts to help them maximize their capital. The future of equipment leasing is in the financial options they offer to businesses, large and small.
Growth & Expansion Options - Small businesses and the self-employed may find their growth and expansion options limited without the options equipment leasing can provide them. From construction to accounting to medicine, equipment leasing provides a future for both. The rapid growth industry for equipment lessors is matched only by the needs of lessees.
What a company needs more than anything else is capital to invest not only in themselves, but also their future. Equipment leasing keeps the capital in their pockets and helps physicians, engineers, computer specialists and even writers develop their businesses. The future of equipment leasing is tied firmly to the package that is the American Dream.
Business Potential - While financial, growth and expansion options are definitely part of the future of equipment leasing. There is an untapped source that will find its future in equipment leasing. That source is the business potential in the entrepreneur. More and more business entrepreneurs are leaving the wildly hectic corporate world to start their own business.
When you go into business for yourself, there are a lot of trepidations. First and foremost, starting a business can be a risk for the individual and the family. Equipment leasing can help an entrepreneur minimize their risks, plan for a future and deal with unforeseen eventualities.
Equipment leasing can be the difference between achieving a dream and being stuck in a dead-end job. There is a surge in the growth of small business in the country, specializing in personal services from web building to direct marketing to selling homemade clothing. Equipment leasing can make all those possibilities happen and for fraction of the cost it would take to purchase the equipment outright.
Farmers and Other Opportunities - There's a lot of focus placed on equipment leasing for private physicians, medical practices, construction companies and computer and Internet technologies. Another untapped market that benefits from equipment leasing is farmers that work small and large farm operations. Equipment leasing can keep the small farmer moving on a tractor or helping to rebuild a damaged barn.
Large equipment like tractors, backhoes, ditch witches and scoops are a hefty investment. Farms are a tricky operation and take a lot of backbreaking work and labor investment. When a piece of heavy equipment breaks down, farmers have a choice to repair it or do without. If they can't affect the repairs themselves or afford them, then it is more than likely they can't afford to go out and buy a new one. Equipment leasing would provide the farmer not only with the equipment to get the job done, but also to the maintenance support without the huge output of cash.
The future of equipment leasing is in business, industry and primarily people. It only takes a small investment to get started and that small investment returns the dividends to the lessee as their business and financial opportunities grow.
People always say that investment is a money game with the playing rule of "high risk with high return and low risk with low risk". You may want to invest in an investment portfolio that is able to give a good return and stock market is always the best choice in term of high return. But you aware that investment in the stock market will cause you to lose all your money as well, because the game rule said "high risk is high return and low risk comes with low return". Hence, stock game might not suit your risk profile; you may want to look for an alternative that can give comparatively good reward but with much lower risk than stock. If you are categorized in this group, then mutual fund can be your game.
A mutual fund is simply a financial medium that allow a group of investors to pool their money together with a predetermined investment objective. The pooled money will manage by a fund manager. The fund manager is a person who is widely expert in stock and bond markets. He/she is responsible to invest the pooled money into specific securities, usually stocks and bonds. When you are buying shares of mutual fund, you will become one of the fund's shareholders. All the gains and losses will be shared among the fund's shareholders. Hence, mutual fund is a risk sharing game.
Compare to stocks and bonds, mutual funds are one of the cost effective and an easy playing game. You do not need to really expert in stock and bond market because the fund manager will take care of it; and you do not need to crack your head to figure out which stocks or bonds to buy, because you have the expert, the fund manager to make the decision for you.
You do not need a lot of money to get your start the game; you decide the amount of money you plan to invest into the mutual fund. Some mutual funds may even let you start with just $100. The best part is the cost effectiveness. By pooling money together in a mutual fund, investors can purchase stocks or bonds with much lower trading cost. The biggest advantage of mutual funds as compare to stocks or bonds is "diversification.
Diversification Will Lower The Risk
Investment experts always advise that if you want to invest you money, "Don't put all your eggs into the same basket; else if the basket fall, all you eggs will break", some will happen on your money, if you invest in one stock, if the stock perform negative, you loss all you money. Diversify your investment to spread out your money into many different types of investments. When one investment is down, another might perform in up trend.
Hence, with the diversification of your investment, you will reduce your risk tremendously.
You can diversify your investment by purchasing different kinds of stocks and bonds instead of one. But it may take weeks to buy all these investments. In contrary, you can get these done by purchasing a few mutual funds and mutual funds automatically diversify your investment across many stocks and bonds.
Mutual fund is a risk sharing investment portfolio, it's provides you a medium of investing your money into a high earning stock & bond market while automatically diversify your investment to reduce your risk. Hence mutual fund can be your alternative of investment portfolio that will give you higher reward and lower risk.
Financial Options - Businesses need financial capital to grow. Capital provides a business with options from loans to investments. Equipment leasing is tax deductible, whereas initial large investments are deductible the first year but only a percentage thereof is after that. Businesses hire accountants and tax experts to help them maximize their capital. The future of equipment leasing is in the financial options they offer to businesses, large and small.
Growth & Expansion Options - Small businesses and the self-employed may find their growth and expansion options limited without the options equipment leasing can provide them. From construction to accounting to medicine, equipment leasing provides a future for both. The rapid growth industry for equipment lessors is matched only by the needs of lessees.
What a company needs more than anything else is capital to invest not only in themselves, but also their future. Equipment leasing keeps the capital in their pockets and helps physicians, engineers, computer specialists and even writers develop their businesses. The future of equipment leasing is tied firmly to the package that is the American Dream.
Business Potential - While financial, growth and expansion options are definitely part of the future of equipment leasing. There is an untapped source that will find its future in equipment leasing. That source is the business potential in the entrepreneur. More and more business entrepreneurs are leaving the wildly hectic corporate world to start their own business.
When you go into business for yourself, there are a lot of trepidations. First and foremost, starting a business can be a risk for the individual and the family. Equipment leasing can help an entrepreneur minimize their risks, plan for a future and deal with unforeseen eventualities.
Equipment leasing can be the difference between achieving a dream and being stuck in a dead-end job. There is a surge in the growth of small business in the country, specializing in personal services from web building to direct marketing to selling homemade clothing. Equipment leasing can make all those possibilities happen and for fraction of the cost it would take to purchase the equipment outright.
Farmers and Other Opportunities - There's a lot of focus placed on equipment leasing for private physicians, medical practices, construction companies and computer and Internet technologies. Another untapped market that benefits from equipment leasing is farmers that work small and large farm operations. Equipment leasing can keep the small farmer moving on a tractor or helping to rebuild a damaged barn.
Large equipment like tractors, backhoes, ditch witches and scoops are a hefty investment. Farms are a tricky operation and take a lot of backbreaking work and labor investment. When a piece of heavy equipment breaks down, farmers have a choice to repair it or do without. If they can't affect the repairs themselves or afford them, then it is more than likely they can't afford to go out and buy a new one. Equipment leasing would provide the farmer not only with the equipment to get the job done, but also to the maintenance support without the huge output of cash.
The future of equipment leasing is in business, industry and primarily people. It only takes a small investment to get started and that small investment returns the dividends to the lessee as their business and financial opportunities grow.
People always say that investment is a money game with the playing rule of "high risk with high return and low risk with low risk". You may want to invest in an investment portfolio that is able to give a good return and stock market is always the best choice in term of high return. But you aware that investment in the stock market will cause you to lose all your money as well, because the game rule said "high risk is high return and low risk comes with low return". Hence, stock game might not suit your risk profile; you may want to look for an alternative that can give comparatively good reward but with much lower risk than stock. If you are categorized in this group, then mutual fund can be your game.
A mutual fund is simply a financial medium that allow a group of investors to pool their money together with a predetermined investment objective. The pooled money will manage by a fund manager. The fund manager is a person who is widely expert in stock and bond markets. He/she is responsible to invest the pooled money into specific securities, usually stocks and bonds. When you are buying shares of mutual fund, you will become one of the fund's shareholders. All the gains and losses will be shared among the fund's shareholders. Hence, mutual fund is a risk sharing game.
Compare to stocks and bonds, mutual funds are one of the cost effective and an easy playing game. You do not need to really expert in stock and bond market because the fund manager will take care of it; and you do not need to crack your head to figure out which stocks or bonds to buy, because you have the expert, the fund manager to make the decision for you.
You do not need a lot of money to get your start the game; you decide the amount of money you plan to invest into the mutual fund. Some mutual funds may even let you start with just $100. The best part is the cost effectiveness. By pooling money together in a mutual fund, investors can purchase stocks or bonds with much lower trading cost. The biggest advantage of mutual funds as compare to stocks or bonds is "diversification.
Diversification Will Lower The Risk
Investment experts always advise that if you want to invest you money, "Don't put all your eggs into the same basket; else if the basket fall, all you eggs will break", some will happen on your money, if you invest in one stock, if the stock perform negative, you loss all you money. Diversify your investment to spread out your money into many different types of investments. When one investment is down, another might perform in up trend.
Hence, with the diversification of your investment, you will reduce your risk tremendously.
You can diversify your investment by purchasing different kinds of stocks and bonds instead of one. But it may take weeks to buy all these investments. In contrary, you can get these done by purchasing a few mutual funds and mutual funds automatically diversify your investment across many stocks and bonds.
Mutual fund is a risk sharing investment portfolio, it's provides you a medium of investing your money into a high earning stock & bond market while automatically diversify your investment to reduce your risk. Hence mutual fund can be your alternative of investment portfolio that will give you higher reward and lower risk.
Wednesday, September 1, 2010
HOW TO DETERMINE THE GLOBAL INVESTMENT
Global investment manager or generally better known by the term hedge fund is a private collective investment contract subject to performance-based compensation costs (performance fees) and is typically offered in limited to upper-class investors. In the U.S. hedge fund offered only to accredited investors only, and because of this restriction, the hedge funds are exempt from the rules of the SEC, NASD and other regulatory agencies.
Hedge fund activity is restricted by a treaty regulating the management of special funds, so hedge funds can implement complex investment strategies, conduct transactions "long" or "short selling" assets, conduct trade transactions futures, swaps and other derivative transactions or . Hedge funds often do well as hedge their investments against equity and stock price movements, because their main target is to produce returns that are not closely related to the financial markets in general.
In many countries, hedge funds are prohibited from marketing their services to investors who are not accredited do not like the rules on retail investment funds such as mutual funds and pension funds. Hedge fund is a joint asset management company that conducted in private and therefore access to the public market is limited by government regulations so little even there is no obligation for hedge funds to submit their private information to the public.
The term hedge fund comes from a fund founded by Alfred Winslow Jones in 1949. Strategy A.W. Jones' is to sell by way of "short" the shares when he did purchase other shares, so it has been done thus hedge the market risk. Many "base investment", "investment syndicates", "investment partnership" or "opportunistic funds" which have different characteristics in this modern world which has been operating already since a long time. But Jones was the first to perform a combination of short selling, the use of leverage (leverage), a limited partnership structure in order to avoid the rules, and wearing a 20% reward incentives to compensate for his role as "managing partner", and therefore Jones is recognized as the "father" (inventor) of the hedge fund industry.
To this day the hedge is still done by way of stock purchase transactions simultaneously in long and short stock sales, and even some hedge funds do not trade stocks and only conduct transactions in other financial instruments including commodity futures contracts, options, foreign exchange and developing country debt.
Assets managed by hedge fund industry is based on data published by Chicago-based Hedge Fund Research Inc. (Hfr) in the second quarter of 2006 in total worth 1225 billion USD. This figure rose by 20% from the previous year and doubled compared to 2003. on the previous year and Nearly twice the total three years Earlier.
Because hedge funds use "leverage" or using debt to invest, the position of transactions that can do the financial market is greater than the actual assets being managed.
Hedge funds in the United States has gradually become "active shareholder" in a way mengamblil substantial portion of shares in the takeover of the company and make or take any pressure on management performance improvement.
Performance-based compensation, or more commonly known as a performance fee, calculated on a percentage based on the profits / earnings yield obtained as a result of managed funds, so that the greater the results obtained, the greater the reward obtained by hedge funds. In general, hedge funds put on this performance fee of 20% of the gross revenue received, but the cost range is very wide and varies even on well-known hedge fund fees are subject to even greater.
Manager of managers plead that the performance-based compensation helps to align the interests of manager and investor interests are better than those with a reward system of "flat", which still must be paid despite poor performance. But the imposition of performance-based compensation, was criticized by many people including prominent investor Warren Buffett as a gift to the manager an incentive to take risks even greater risk that a reversal of large returns in the long term. In an effort to overcome this problem, there is often used a system of "High water mark", where managers only earn returns if the value of funds under its management have achieved the highest net value than ever achieved in the previous period.
Some hedge funds use a hurdle rates system whereby fees would not be subject to annual performance of managed funds exceed a reference value such as government bonds or a fixed percentage at a certain time period.
Legal structure used in determining the tax liability for investors. Many hedge funds have a legal domicile offshore in countries that do not relate well with the manager, investor, or operational activities of investment funds, with the aim that the tax is only imposed on investors and not subject to additional tax on managed funds.
For investors who become subject to tax in the United States, hedge funds are often made in the structure of "limited partnership" because of this type have a more favorable tax treatment in America. Hedge fund managers (who are usually in the form of a company) is a "general partner" or the manager and the investor is a "limited partners" or members. The funds are collected in a partnership or company and the "general partner" or the manager will make all investment decisions.
investment.
At the end of 2004, recorded 55% of hedge funds, which manage nearly two thirds of the total funds under management, listed in the Offshore Financial Centre. Offshore location is very famous in the Cayman Islands and British Virgin Islands and Bermuda.
Onshore locations are far more important in terms of location of hedge fund managers. City of New York and the Gold Coast in Connecticut (usually Stamford, Connecticut and Greenwich, Connecticut), which is the main location of the hedge fund manager with a total of two times the number of hedge funds located in London.
Many offshore financial centers seems to support the establishment of hedge funds by offering some combination of services, implementation of favorable taxation, regulation that is friendly to the business world with a major financial centers including Cayman Islands, Dublin, Luxembourg, British Virgin Islands and Bermuda. It is estimated that the Cayman Islands is a center of about 75% of the hedge fund world, which controls nearly half the market share of hedge fund industry with an estimated value of USD 1.225 trillion
Some hedge funds, mainly in America, do not use the services of a third party as the custodian bank that holds their assets, which can bring the impact of conflicts of interest and in more extreme cases can lead to fraud.
Government bonds commonly referred to as "risk-free bonds" because the government of a state to raise taxes or print money to pay the bond payment at maturity. Indeed there are records in which this government bonds have failed to pay as happened in Russia in 1998 the government called Russia's financial crisis, although this is very rare to happen.
For example, in U.S. government bonds, called "Treasury securities" are denominated in U.S. dollars and an investment in the U.S. dollar risk-free. In this case is' risk free "is meant safe from credit risk. But still there are other risks such as exchange rate risk for foreign investors in which the value of U.S. dollar is weakening against other currencies. Also on the risk of inflation which at maturity repayment of these bonds gained value investors weakened purchasing power due to inlasi greater than the yield obtained. Many governments issue inflation-indexed bonds that protect investors against inflation risk.
Government bonds may also contain risks if issued by the government of a country whose country has the capability of financial policies that are less good. Suppose the only Bulgarian who has a dependency on the world economy and world economic institutions than other countries such as America. Some of these state bonds rated A-scale after 2004. In February February 2006 Standard & Poor's assigned a rating terjadap Bulgarian long-term debt in domestic currency at BBB + scale. And this ranking is a result for several decades has decreased the risk (and an increase in ratings).
Government bonds issued by an institution that is part of the finance department of a country, for example:
Bund is a bond issued by the German Financial Institutions, denominated in euro
Gilts are bonds issued by the UK Debt Management Office (UK Debt Management Office) denominated in sterling
U.S. Treasuries are bonds issued by the Bureau of the Public Debt (Bureau of Public Debt)
Hopefully this little biased onformasi and useful for you all who like to invest in global markets, although this information might be a little late I write.
Hedge fund activity is restricted by a treaty regulating the management of special funds, so hedge funds can implement complex investment strategies, conduct transactions "long" or "short selling" assets, conduct trade transactions futures, swaps and other derivative transactions or . Hedge funds often do well as hedge their investments against equity and stock price movements, because their main target is to produce returns that are not closely related to the financial markets in general.
In many countries, hedge funds are prohibited from marketing their services to investors who are not accredited do not like the rules on retail investment funds such as mutual funds and pension funds. Hedge fund is a joint asset management company that conducted in private and therefore access to the public market is limited by government regulations so little even there is no obligation for hedge funds to submit their private information to the public.
The term hedge fund comes from a fund founded by Alfred Winslow Jones in 1949. Strategy A.W. Jones' is to sell by way of "short" the shares when he did purchase other shares, so it has been done thus hedge the market risk. Many "base investment", "investment syndicates", "investment partnership" or "opportunistic funds" which have different characteristics in this modern world which has been operating already since a long time. But Jones was the first to perform a combination of short selling, the use of leverage (leverage), a limited partnership structure in order to avoid the rules, and wearing a 20% reward incentives to compensate for his role as "managing partner", and therefore Jones is recognized as the "father" (inventor) of the hedge fund industry.
To this day the hedge is still done by way of stock purchase transactions simultaneously in long and short stock sales, and even some hedge funds do not trade stocks and only conduct transactions in other financial instruments including commodity futures contracts, options, foreign exchange and developing country debt.
Assets managed by hedge fund industry is based on data published by Chicago-based Hedge Fund Research Inc. (Hfr) in the second quarter of 2006 in total worth 1225 billion USD. This figure rose by 20% from the previous year and doubled compared to 2003. on the previous year and Nearly twice the total three years Earlier.
Because hedge funds use "leverage" or using debt to invest, the position of transactions that can do the financial market is greater than the actual assets being managed.
Hedge funds in the United States has gradually become "active shareholder" in a way mengamblil substantial portion of shares in the takeover of the company and make or take any pressure on management performance improvement.
Performance-based compensation, or more commonly known as a performance fee, calculated on a percentage based on the profits / earnings yield obtained as a result of managed funds, so that the greater the results obtained, the greater the reward obtained by hedge funds. In general, hedge funds put on this performance fee of 20% of the gross revenue received, but the cost range is very wide and varies even on well-known hedge fund fees are subject to even greater.
Manager of managers plead that the performance-based compensation helps to align the interests of manager and investor interests are better than those with a reward system of "flat", which still must be paid despite poor performance. But the imposition of performance-based compensation, was criticized by many people including prominent investor Warren Buffett as a gift to the manager an incentive to take risks even greater risk that a reversal of large returns in the long term. In an effort to overcome this problem, there is often used a system of "High water mark", where managers only earn returns if the value of funds under its management have achieved the highest net value than ever achieved in the previous period.
Some hedge funds use a hurdle rates system whereby fees would not be subject to annual performance of managed funds exceed a reference value such as government bonds or a fixed percentage at a certain time period.
Legal structure used in determining the tax liability for investors. Many hedge funds have a legal domicile offshore in countries that do not relate well with the manager, investor, or operational activities of investment funds, with the aim that the tax is only imposed on investors and not subject to additional tax on managed funds.
For investors who become subject to tax in the United States, hedge funds are often made in the structure of "limited partnership" because of this type have a more favorable tax treatment in America. Hedge fund managers (who are usually in the form of a company) is a "general partner" or the manager and the investor is a "limited partners" or members. The funds are collected in a partnership or company and the "general partner" or the manager will make all investment decisions.
investment.
At the end of 2004, recorded 55% of hedge funds, which manage nearly two thirds of the total funds under management, listed in the Offshore Financial Centre. Offshore location is very famous in the Cayman Islands and British Virgin Islands and Bermuda.
Onshore locations are far more important in terms of location of hedge fund managers. City of New York and the Gold Coast in Connecticut (usually Stamford, Connecticut and Greenwich, Connecticut), which is the main location of the hedge fund manager with a total of two times the number of hedge funds located in London.
Many offshore financial centers seems to support the establishment of hedge funds by offering some combination of services, implementation of favorable taxation, regulation that is friendly to the business world with a major financial centers including Cayman Islands, Dublin, Luxembourg, British Virgin Islands and Bermuda. It is estimated that the Cayman Islands is a center of about 75% of the hedge fund world, which controls nearly half the market share of hedge fund industry with an estimated value of USD 1.225 trillion
Some hedge funds, mainly in America, do not use the services of a third party as the custodian bank that holds their assets, which can bring the impact of conflicts of interest and in more extreme cases can lead to fraud.
Government bonds commonly referred to as "risk-free bonds" because the government of a state to raise taxes or print money to pay the bond payment at maturity. Indeed there are records in which this government bonds have failed to pay as happened in Russia in 1998 the government called Russia's financial crisis, although this is very rare to happen.
For example, in U.S. government bonds, called "Treasury securities" are denominated in U.S. dollars and an investment in the U.S. dollar risk-free. In this case is' risk free "is meant safe from credit risk. But still there are other risks such as exchange rate risk for foreign investors in which the value of U.S. dollar is weakening against other currencies. Also on the risk of inflation which at maturity repayment of these bonds gained value investors weakened purchasing power due to inlasi greater than the yield obtained. Many governments issue inflation-indexed bonds that protect investors against inflation risk.
Government bonds may also contain risks if issued by the government of a country whose country has the capability of financial policies that are less good. Suppose the only Bulgarian who has a dependency on the world economy and world economic institutions than other countries such as America. Some of these state bonds rated A-scale after 2004. In February February 2006 Standard & Poor's assigned a rating terjadap Bulgarian long-term debt in domestic currency at BBB + scale. And this ranking is a result for several decades has decreased the risk (and an increase in ratings).
Government bonds issued by an institution that is part of the finance department of a country, for example:
Bund is a bond issued by the German Financial Institutions, denominated in euro
Gilts are bonds issued by the UK Debt Management Office (UK Debt Management Office) denominated in sterling
U.S. Treasuries are bonds issued by the Bureau of the Public Debt (Bureau of Public Debt)
Hopefully this little biased onformasi and useful for you all who like to invest in global markets, although this information might be a little late I write.
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