There is page after page devoted facts and figures on how great and wonderful the electronic payments industry is, but there is only a fleeting mention of the company’s desire to mitigate client concentration risk. Going higher than 10% risk target is possible; but assumes that the Asian ETF will continue to show more volatility than the others. The purpose of an investment is not to eventually spend the money on something, but rather use the accumulated investment money to earn more money and maybe you can live off those earnings. In the above formula, “y” represents the estimated earnings yield and “x” represents the current inflation level. The current P/E of 18.5 is higher than the long-term average. The Nasdaq could easily hit a new high for the current rally in the next few days. If I claim to be able to forecast what direction RS will take over the next few years, I will be fooling myself.

Since 1962, the S and, to always keep on learning/developing. The best course of action with this situation is to keep a close watch; and, as a true Bayesian, update my beliefs as things progress. But there is no clear insight of progress on this front. In the medium term the dollar is becoming less attractive as the short currency in the carry trade, but there is still a wide spread between the US and Australian/ New Zealand rates. I think this is very possible if both parties are rational, honest and committed to a long term relationship. Of course, this raises the question, how many other companies are hollowed out from the inside like this?

It has been pointed out that insiders like the floor traders and commodity trading firms in Chicago are unlikely to be impacted by the CFTC proposals that are supposed to be protecting the public and not the industry. The financials are full of fluff and provide nothing concrete. Our full disclosures are available here. These are typically found through your bank. Bring the application forms together with your two(2) valids identification cards, with photocopies to your nearest BPI or BPI Family Savings Bank. As you can see, there is a clear visual relationship between the two. There appears a correlation between what’s happening at VISA front in the last year and RS’ revenue trend. The correlation between inflation and earnings yield is not perfect, but it is there. Well, there are blue chips and there are blue chips. MSCI ESG Ratings are used in the construction of many of MSCI’s 900 ESG Indexes. Both long block and short block engines are definitely the potential components. Financial statements that have too many pictures, colour, and fluff, are suspicious; financials that are in black & white, and to the point, is normally a good sign.

Janet Yellen made headlines last week with her comment that stock market valuations “generally are quite high.” The market took note, driving down prices. Stock market pessimists have been promoting doom-and-gloom for years now. Terrific article that people new to stock trading should take advantage of. Moreover, even if they did the homestead legal guidelines in many states would suprecede any supposed foreclosing rights and make it so you may not evict these people from their homes for non-payment. When the equity and debt markets take a downturn, many people choose to buy gold. But for RS, I have decided that doing a DCF at this stage is a fool’s errand. Normally, I would do a DCF to estimate my intrinsic value. But, value investing doesn’t invest in hope. Remember in emerging market real estate investing you want to focus on buying deals. That’s the beauty of impact investing, the progressive strategy that generates a real financial return while making a positive social impact.