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MARKET
FORECAST 2002
The
Year Of The Horse
Well,
another investing year is behind us and the usual clichés
are being tossed aroung. "We see great improvement
moving forward", "It can only get better", "The
new year will bring great promise"....Why should this
year be any different? Are all horse races the same? No!
So now we will tell you!
The research department at Global works long hours to come
to "our own" conclusions as to how our clients and we
should be positioned starting the year and throughout the
year. We, however, are not so proud that we do not change
our recommendations till it is too late - like others do.
Once we make a commitment with our client's money we are
always double-checking and rechecking to make sure to make
the right move. If markets or companies change outlooks we
are always one step ahead of all others. The extensive
data we collect allows us to use everyone's information
to make a real forecast. We will never subscribe to one
single theory or just one prediction. So,
here it now comes!
Global Investments sees a tremendous growth opportunity
towards the second half of 2002. We are now positioning
our clients to reap the maximum benefit from this. The 11
interest rate cuts in America from Alan Greenspan
(Chairman of the Federal Reserve in America) will start to
improve the world's largest economy. When this happens
all other economies will also start to rebound. This one
factor will make all others pale by comparison. We also
predict that the industry leaders that are now seeing the
demand for their products pick up to also contribute
significantly to the recovery. 2001 saw inventories at
all-time highs and demand slipping to a less-than-average
year. The glut of inventory is slowly being replaced by a
real demand for products. The global technology and life
science fields are picking up to reach acceptable levels
again. Some significant sector leaders ("Blue Chips")
are selling at all-time lows both in price and PE. This
should make return acceptable in 2002, to say the least.
Also not to be discounted is China's acceptance into the
WTO in 2002. Markets are ever more leaning towards
"Global" companies and not so much selective country
stocks. The global investor will have a tremendous
opportunity to capitalize on this fact. 2001 saw the Dow
Jones Industrial Average (the index of the 30 leading Wall
Street stocks) close at 10,021.57 - this was a loss of
765.28 points or 7.1 % over the year. In 2000 the Dow lost
6.2 % (Prediction for 2002: 10,800 - 11,800). The Nasdaq
was hit harder than all the other major indexes in 2001.
2001 saw the Nasdaq close at 1,950.42, a loss of 520.1
points or 21.05 % over the year. In 2000 the Nasdaq lost
over 40 % of his value (Prediction for 2002: 1,900 -
2,300). The after effects of September 11, 2001 are still
being felt today. However, we at Global feel that good
companies that make money will always treat their
shareholders, bondholders and noteholders well. As the
saying goes - to close with a cliché - "You Have To Be
In It To Win It!"
Happy
investing to all and a prosperous year!
OFFSHORE
BANKING
Do
You Have The Right Bank Account?
Do
Your "Host" Countries Want To Keep Your Money?
Of course they do, that's why they make it so difficult to
move it abroad.
Are You Going To Let Them Have It?
No way! Unless you want to build up your money in foreign
currency and expose yourself to the currency risk of
devaluation, as seen over the past years. Do you really
believe that it won't happen again in 2002...Argentina!
-
Wouldn't
you rather hold your spare cash and emergency funds in a
"real" currency like US Dollars, or perhaps Sterling
or Euros?
-
How
about opening a tax-free bank account? Or maybe you like
paying tax?
To
help you answer these very difficult questions Global
Investments has surveyed the world of offshore banking, and
here's what we found out:
If you have a dozen different bank accounts in a dozen
different countries you needn't bother. Make life easy on
yourself, centralize your cash. Have one monthly statement
sent to your present home address and not a forwarded
statement that's already 3 months old.
Some people think of offshore banking as an investment for
wealthy people, when in reality you can open an offshore bank
account with as little as $1. All of the regular banking
facilities are open to you, such as:
- Cheque books
- Offshore loans
- VISA or MasterCard debit or
credit cards
- Extremely competitive rates
of interest
But
with so many financial institutions in the market, which one
do you go for?
Well, for a start, why would you ask yourself that question? Ask
us. We've done the research which means that you
don't have to.
Let's start with Abbey National's Offshore Gold Account, a
high-yielding money market account based at the Isle of Man.
This is a high interest paying, personal day-to-day global
account that can be used anywhere in the world, providing
customers with global access to funds by phone, fax, cheque
book and a Gold VISA Card. Available in "real" currencies
- US Dollars, Sterling or Euros - the account offers free
banking as there are no charges for normal banking
transactions.
Earn interest on money already spent!
By using your Gold VISA Card, which continues to pay interest
on money spent with the card until the end of the month. With
access to your money whenever you need it from over 627,000
VISA cash machines throughout the world and over 19 million
outlets worldwide.
But the advantages of having an offshore bank account do not
stop with great benefits and a fantastic service.
What if you have offshore
investments?
Your offshore bank account will act as the building block for
offshore assets, or "Mother Account", as we call it at
Global.
Let your tax-free bank account
realize your investment gains, rather than some greedy taxman.
Think of how much money can be saved.
So, what are the disadvantages?
Well, you won't be able to stand in line for 30 minutes and
have somebody tell you that you can't deposit money into
your bank account until after lunch time.
- Don't you think you have a
right to make decisions with YOUR hard-earned money?
- If you want to move your
money somewhere or buy a house or a car in a foreign
country, don't you have a right to do so without having
to hurdle the various exchange control obstacles put in
your way by the government authorities?
- If you are taking risks with
some of your investments, don't you deserve the full
reward, instead of giving so much of it to the taxman?
In
short, if you don't have an offshore bank account, then why
not let Global Investments arrange one for you?
Please
contact Global Investments for more information
on Tel. (+66-2) 662-2009 or e-mail at info@globalinvestments.net.
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2007