Archive for February, 2008
on February 28th, 2008
In response to a special invitation issued to Bridge to address the Zurich Stock Exchange, on 31st January Mats Jäderberg and Henrik Ericsson were guest speakers at an event attended by representatives of large venture capital companies, funds and investment banks. They spoke about the Bridge investment network and the success of its investment approach, and the audience was impressed at the pace at which the Bridge investment network is growing, with more than 7,000 independent investors in the community.
Bridge also announced potential future collaboration with Red Alpine, which is an early stage fund based in Switzerland, in order to provide an increased flow of cases for the bridge community, as its own investments move from start up into the growth phase. Following the meeting, Bridge management team members were invited to meet Mr. Farley Duvall, the Managing Director of Red Herring EMEA, over dinner to explore possible joint sponsorship opportunities in Europe during 2008.
Red Herring is a media company which aims to cover global innovation, technology, financing and entrepreneurial activities. Following the meeting, Mats Jäderberg, Head of Bridge European operations, commented: “I am very impressed with the numbers of investors that Bridge has already brought into this unique concept. The fact that we were invited to speak at the Stock Exchange in Switzerland and then sit with the Managing Director of Red Herring EMEA to discuss joint activities is a clear acknowledgement to all members of the Bridge investment community that we are building something quite unique, driven by a hardcore approach to the traditional venture capital market.
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on February 27th, 2008
Have you got any experiences to share with Benson from Digital Money World on your funds being freezed with Paypal? Check out this blog entry on a user who had trouble with Paypal and maybe share a little experience or tips that you have with Paypal 
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on February 20th, 2008
As we’ve touched on Mutual Funds previously and how easy it is to get your principle eroded even before your money gets involved with the fund that you’re interested to invest in, here are some of the fees that you should be aware of. (Some of the Managed Accounts dealing with Forex or other investment tools for all that matters uses the same terms for fees as well so this would be something useful)
Like buying stocks you have brokerage fees, trading forex, you’ll deal with pips spread, mutual funds has probably one of the higher fees around as compared.
Sales Charge
Usually this will be the first charge involved and will be deducted from your capital before you get any units from your mutual fund.
Annual Management Fee
Fund managers usually charge fees when they’re looking after your money and deciding what to buy. This fee is deducted on a daily basis and computed into the price of the fund.
These are the two main component fee charges that we’re talking about when your money gets involved with mutual funds. Some of the other fees, depending on the nature of the funds and whether advisory is required are performance fee, maintenance fee and service charge. These costs is technically known as expense ratio.
The higher the expense ratio, the higher returns the fund you invested will have to make before money gets back to your own coffer. Hope this has been helpful.
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Benson is a b5 blogger and a Singapore realtor. Currently he writes for Digital Money World, a blog on digital money on the Internet.
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on February 20th, 2008
Bridge looking into Wind Farm project in Romania
During the last weekend of February the Bridge European management team were in Romania with a number of wind farm project experts. Bridge has identified a potential investment opportunity involving the development of a wind farm on a 250 acre site on the shores of the Black Sea, which experiences good wind conditions for this type of project. We believe that this opportunity, with a 3 to 5 year lifespan, will return many times the original investment.
“Since joining the European Union in 2007 Romania is experiencing a lot of pressure to develop wind energyâ€, says Mats Jäderberg Head of Bridge European operations. Romania currently has just eight operational wind turbines with a population of 25 million people, compared with Sweden that has over 750 wind turbines and a population of less than 9 million. Following these meetings and site visits, Bridge has decided to carry out further studies into the possibility of investing in this type of business. A group of experts from Spain, Sweden, Austria and Romania will be engaged to assess the risks and potential returns of a project like this. The initial scope would be to build between 4 and 6 turbines, with the aim of expanding to between 50 and 80 turbines, acquiring more land, expanding into more countries and ultimately taking the company public.
RavenPack´s first offering sucessfully completed
Bridge is pleased to announce that the recently closed subscription in RavenPack in association with their financial advisor McNamee, was oversubscribed. ACH Securities in Geneva has confirmed that all shares have now been delivered to members.
On 12th February, RavenPack’s CEO Mr. Armando Gonzalez met with Mats Jäderberg of the Bridge European management team to discuss plans for the second round of €4.5 million and possible dates for road shows and interviews, together with the subscription date.
Ravenpack’s financial advisor McNamee is now looking into the legal requirements for dealing with securities in Spain.
GPS Buddy´s road show in Europe expected in April
On 4th February, Bridge met with GPS Buddy and William Fry, GPS Buddy’s financial advisor, to discuss the delay in obtaining approval of GPS Buddy’s prospectus from the Irish Stock Exchange. William Fry will soon be making a formal statement to Bridge members as to the exact subscription date. GPS Buddy plans to include members of the Bridge Community in Sweden, Iceland and Latvia during their upcoming roadshow. This list of countries may be expanded.
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on February 19th, 2008
The new editor in chief Mark Herpel, happens to be a close friend of mine and was a former b5 blogger of Digital Money World.
Check out the free issue of DGC Magazine where they focus on an interview with Bullion Vault’s founder Paul Tustain and many more interesting articles about digital gold, gold and fiat money.
It’s pretty interesting to flip the e-magazine IMO. You’ll enjoy it i’m sure 
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on February 16th, 2008
To figure that out one has to throw an awful lot of mud at the wall and that can result in losses. I don’t think the process has a shortcut; you just have to do the time and hope that you find, chance-upon, discover a method that works for you and makes you money.
With regards to me, I started investing in New Share Issues in the 90’s and for a while that’s all I did. I can’t remember why I stopped but that sort of fizzled out, perhaps wrongly.
I got into techs and learned some hard lessons.
Then I flirted with ‘blue-sky’ - oh I don’t even want to go there and nor should you, unless you’ve got bags of money and bags of time. TDM, MDX, algorithms for sirens and even deck-chairs. Oh, brings back bad memories…purge purge purge.
Then I started buying value but I didn’t have the gold touch, nor did I have patience or conviction so I tended to buy high and sell low. Doh. Not a happy time.
Then I leaned towards growth because it’s so tangible you can almost touch it. Is it hard to find a winning sector and winning stocks within a sector…it’s not.
Along the way I got caught up with technical analysis, allowing myself to be convinced that there was a black-box solution to the trading challenge (I wanted to say problem but that would have been so 1980’s). But I found no such solution and, like Richard Farleigh, I have yet to meet a wealthy chartist. Well that’s not true, I’ve met plenty but they all sell their services via newsletters/seminars and the like.
Did you know that The Society of Technical Analysts has ALL their money in cash and doesn’t trade it!? Laughable or what. I digress. So I settled for a simple use of charts: to confirm a trend and to give me advance warning where the hoi polloi might enter and exit. Add to that a dollop of moving averages and the RSI (I have no idea, I just try and not buy a share when the RSI is less than 50) and that’s as much use as I can find for them. Cycle man determined to convert me so I remain open-minded.
So in the time-line we’ve gone from 1990’s to May 2006 (I started this for real in Aug 2005).
And after much messing around I was left with a chart with a trendline and a liking for growth stocks. Hello momentum. And that light came on about July 2006.
Then I happened to have a long discussion with some nice chaps about market-maker stocks and that got me thinking about how one could sway the odds of trading in one’s favour.
…and so I became a momentum trader of small-cap stocks.
Well…that was until small-cap stocks stopped moving.
But that hasn’t been a problem because I just took a deep breath and started looking for things that are breaking out. I’ve posted re CAB.
And as soon as I am sure we are in a bear market I will start to short but I really need to see that downwards trendline confirmed first because I don’t want to get caught up in all those short-closing rally thingies. So I suppose my trading style is sort of evolved and continually evolving.
So I would say that everyone has to find his own path. To figure out what sort of trader/investor you are you need to throw an awful lot of mud at the wall and that can result in losses. I don’t think the process has a shortcut, you just have to do the time and hope that you find, chance-upon, discover a method that works for you and makes you money.
Read more on Andy’s spread betting journal at http://www.financial-spread-betting.com/
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on February 14th, 2008
I’m sure its the same everywhere. In my home country Singapore, there are countless of credit cards to choose from, all having its own different ranges of benefits, and even the cards shapes and sizes might be of difference.
(photo: classyshots)
Just recently in an article on Business Times Singapore, there are already 71 credit cards from 8 major banks, both local and overseas ready for consumers to pick from. With this kind of range for a small country like mine, I’m pretty much sure there are hundreds when we’re talking about even bigger countries like America, China, India, Canada etc.
So what kind of considerations are we looking at when we pick up an application to choose a card from?
Some Things That Comes With The Card to Consider
Shopping discounts. Some merchants uses a particular card to give further discounts on their merchanise ( from 5 - 15%, sometimes even more depending on seasons) For me, petrol discount is pretty much important since gas is so expensive nowadays. The card that I have has discounts on the station that I usually use.
Facilities and Cost. The fees that involves with using the card has to be taken account to. Numerous fees such as annual fee, cash advance fees, balance transfer, installment facilities and monthly late charges/ interests has to be taken an account to. Just look at Jude’s post on BOA’s card, you definitely have to be pretty weary about your choice of card in terms of cost.
Lifestyle discounts. Cinemas offering discounts for particular credit cards, golf courses offering free cabby and priority to some cards, dining discounts. These are some factors to consider.
Accessibility of the card including support (loss of card, number of ATMs supporting it) would be utmost important in my opinion.
So Why Not Have ALL THE CARDS!?
First off, it makes your wallet or purse look like one fat loaf of bread, second it’s not always the case that you’ll be using most of them. The most important thing is to choose a card that you can get the most out of. Personally, I have 3 cards that worked pretty well for me and I have been sticking with them ever since I got one of my first credit card.
I get air miles for using one, dividend cash rebate for another and wine and dining priviledges on the last one on most restaurants I go. My lifestyle preferences might differ from yours. So recommendation of a particular card doesn’t sound really fancy to me unless there’s a service that tailors a special card to your requirements.
Also, check out this website that Max introduced on Martin Lewis - all about money, cards, mortgages and more. Very impressive resource.
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Benson is a b5 blogger and a Singapore realtor. Currently he writes for Digital Money World, a blog on digital money on the Internet.
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on February 11th, 2008
I hope Jude doesn’t flame me for doing this, Digital Money World is currently running a little mini contest for digital money users (e-Gold, e-Bullion, c-Gold, Paypal, Liberty Dollars) to contribute a security tip via comments so that we can compile the whole good list for a fantastic FAQ for everyone.
Photo: MyLSD
The contest runs in 7 days and I will be sharing the tips with Nobs Investment Community readers too.
If you are up for it, check out this post!
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on February 10th, 2008
A Victim of a High Profile HYIP?
Photo: Clearly Ambiguous
We are talking about a minimum pooled sum of more than $5,000 being frauded.
If you are a victim of an HYIP with at least $1,000 or more as with (Minvestment case and also of old cases such as Solid Investment and Troybank), legal recovery is possible should the funds be still circulating in any of the digital currencies such as e-Gold, e-Bullion. Such actions taken would be more effective if a group of victims team up together to seek legal actions against the fraudster(s) (or scam organization)
Upon engaging a solicitor to act on the group’s behalf, the solicitor would then proceed to file a class action action suit and court order to freeze the existing assets that are left in any of the digital currencies or even bank accounts if any is involved.
Usually if an obvious ponzi fraud is involved, no one would step up to rebut the legal action (You won’t expect anyone to step up to defend its rights from Minvestment do you)? The solicitor that is in charge would win the case, and have the remaining frozen assets distributed back to the victims, with percentage of the recovery be claimed for legal fees and services so victims won’t have to come up with a pool to engage the lawyer to fight the case.
Of course, the lawyer would have to agree to fight the case for you and see that some assets are still there and worthy for any recovery.
Legal Action Won’t Work If…
- The money is already transferred out to somewhere untraceable.
- You are in profit from an illegal HYIP scam.
- You have no proof of spending.
- You are involved with a HYIP that is still paying.
Recommendation
I would highly recommend Michael J. Bruzzese who has been actively involved in HYIP fund recoveries. Well there are interesting posts around the Internet that blames Michael for HYIPs that was paying diligently till he filed class suits against them. Well if you aren’t involved in one, would you face this problem in the first place?
Michael can be contacted via email at mjb@mjb-law.net should you require any actions against ponzi scams.
ps. A suit is already filed for Minvestment for recovery at the time I am writing this article.
How Much Will You Be Getting Back?
To be honest, I’m not sure. We wouldn’t want the case where it would be similar to EMO placed under receivership where EMO users would get peanuts back. I would appreciate if Solid Investments or even Troybank victims come up and discuss about class actions taken against these scams and till date have they received anything back.
But filing something to recover at least a portion of your money would be better than nothing and very different from the EMO receivership in this case.
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on February 7th, 2008
Firefox 2.0.0.12 is released, among the security fixes are:
MFSA 2008-11 Web forgery overwrite with div overlay
MFSA 2008-10 URL token stealing via stylesheet redirect
MFSA 2008-09 Mishandling of locally-saved plain text files
MFSA 2008-08 File action dialog tampering
MFSA 2008-06 Web browsing history and forward navigation stealing
MFSA 2008-05 Directory traversal via chrome: URI
MFSA 2008-04 Stored password corruption
MFSA 2008-03 Privilege escalation, XSS, Remote Code Execution
MFSA 2008-02 Multiple file input focus stealing vulnerabilities
MFSA 2008-01 Crashes with evidence of memory corruption (rv:1.8.1.12)
Source: Firefox
Have you updated yours yet? Or have you switched your browser from IE to Firefox yet?
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