“It would also be a breach of fiduciary responsibility not to diversify clients’ assets outside the US.
Posted by: daveinbedstuy at January 8, 2010 10:10 AM”
Only if you have an international mandate.
Clients should decide their own exposure levels to different asset classes.
Managers should maximise the risk-adjusted returns within their own mandate parameters.
Kens, I know of 3 toy factory owners who went down and were pissed gov basically told them tough sh*t, you’re on your own. moving factories more inland is an eventual losing proposition for China – ie vietnam, philiphines, etc offer super competitive prices and right on the water. hence why china is more interested in endorsing higher end manufacturing – particularly high tech stuff (especial green tech)
M4L, what we are seeing is a fairly large increase on the route to more of middle class folks and factories demanding larger pay increases for their workers to stay competitive. We’re actually moving more inland since the factories located by shipping routes are getting too expensive and moving to high end electronics to compete with Japan and already have trained speciliazed labor to be highly competitive.
rkady, individual company issues are one thing. Joe was talking about national social issues, of which NO COUNTRY is without.
Joe, would you not invest in the US market because they now have a problem called the “Democrats.” LOL
What about our illegal alien policy???
Posted by: daveinbedstuy at January 8, 2010 9:47 AM
We have many problems, it’s still OUR country that we live in. It would be counter-productive, not just unpatriotic or immoral not to invest in our own home.
It would also be a breach of fiduciary responsibility not to diversify clients’ assets outside the US.
This is typical of WWII survivors’ mindset that I see every now and again but far less than 10 years ago.
Posted by: daveinbedstuy at January 8, 2010 10:10 AM
I’m a big believer in diversification. Still, always a good idea to invest at home as well.
“It would also be a breach of fiduciary responsibility not to diversify clients’ assets outside the US.
Posted by: daveinbedstuy at January 8, 2010 10:10 AM”
Only if you have an international mandate.
Clients should decide their own exposure levels to different asset classes.
Managers should maximise the risk-adjusted returns within their own mandate parameters.
Kens, I know of 3 toy factory owners who went down and were pissed gov basically told them tough sh*t, you’re on your own. moving factories more inland is an eventual losing proposition for China – ie vietnam, philiphines, etc offer super competitive prices and right on the water. hence why china is more interested in endorsing higher end manufacturing – particularly high tech stuff (especial green tech)
Is sparring part of your “gym buddy” plan?
Posted by: the chicken at January 8, 2010 10:10 AM
Nah, I gave up fighting a long time ago. By gym buddy I really meant a gym buddy (no homo).
It would be counter-productive, not just unpatriotic or immoral not to invest in our own home.
Posted by: Joe from Brooklyn at January 8, 2010 10:06 AM
ANOTHER GREAT FALLACY. If the market is cheap, yes. if it has gotten expensive, NO.
It would also be a breach of fiduciary responsibility not to diversify clients’ assets outside the US.
This is typical of WWII survivors’ mindset that I see every now and again but far less than 10 years ago.
“LOL, I sure miss sparring. Where is StevieB?
Posted by: Kensingtonian at January 8, 2010 10:02 AM”
Is sparring part of your “gym buddy” plan?
TMV & TYO will do that for you, BHO
M4L, what we are seeing is a fairly large increase on the route to more of middle class folks and factories demanding larger pay increases for their workers to stay competitive. We’re actually moving more inland since the factories located by shipping routes are getting too expensive and moving to high end electronics to compete with Japan and already have trained speciliazed labor to be highly competitive.
rkady, individual company issues are one thing. Joe was talking about national social issues, of which NO COUNTRY is without.
Joe, would you not invest in the US market because they now have a problem called the “Democrats.” LOL
What about our illegal alien policy???
Posted by: daveinbedstuy at January 8, 2010 9:47 AM
We have many problems, it’s still OUR country that we live in. It would be counter-productive, not just unpatriotic or immoral not to invest in our own home.