Archive for September, 2010

Knowing Fake Facts and Myths about Premium Bond

September 30th, 2010

The success and popularity of Premium Bonds program made some irresponsible people who threw the false facts and misleading myths about the implementation of the bond premium, on prizes that are given, concerning those who have never won the main prize of premium bonds and so forth. This kind of people just want to deceive and destroy the program.

Many web pages are dedicated to providing a report on the success of the premium bond program in the United Kingdom, but there are also some false facts circulating on the internet that gives a bad name for premium bonds and putting false information that makes some investors even thought that they were inotherwise doing wise purchase of the premium bond. The report presents false information will make the investors have to be smart and be careful in making a clear and logical choice when investing their money into premium bonds system.

Knowing Fake Facts and Myths about Premium Bond ImageThere are even websites that accidentally posted with the myths and challenges for anyone who has won a cash prize of one million pounds to the dispute. Although up to this day, no one has posted on that site. This becomes logical because by doing so they will post compromising their privacy and also opened up opportunities for the scam. National Savings and Investments is a healthy body that ensures your money is safe. So this myth was only created to destroy the integrity of the agency.

Another myth is that the major prize winner of one million pounds are always notified directly on the last day of the month after the draw. The winner must be at home or the prize will be given to the other that owned premium bond numbers or even not be granted at all. This myth is also not true, because it means you have to go home only to win prizes. Myth says that most people who win a million pounds in the nineties is them who have at home all the time. But the statistics say that most people in the nineties living in retirement communities or nursing homes, and they will not have an address that will support these myths.

There is also a ridiculous rumor says that no one has ever met a winning cash prize of one million pounds. The myth is of the opinion that the cash prize is just a trick of government and its purpose is to push people into giving their money to the government in term of tax. This myth completely false. Indeed, there is no website that lists all the winners of one million pounds, even a list of cities where they live and when they win the money. The National Savings and Investment Agency will keep it a secret because of publicity the being generated will destroy the privacy of the winner and will make one million pounds more a burden than a pleasure.

There are even rumors about premium bonds and the famous British comedian Bennie Hill. Bennie Hill died at the age of 92, but there is a myth which says that he recently won a prize of one million pounds and he was killed by a grandmother who was jealous because the money he won. What makes this a false myth is that Bennie Hill has become a rich man and jealous old grandmother will be about one hundred and twenty years old. This is not only unreasonable but nevertheless women with chronological age will have difficulty to kill anyone.

Apart from false facts and misleading myths spreads by an unresponsible people, for sure is that premium bond already very popular and get much in demand by citizens.

Three Fundamental in Managing Asset Management

September 28th, 2010

Three Fundamental in Managing Asset Management ImageAsset management is a concept of asset management and investment activities which aim to get a double benefit. This management activity involving a team and a reliable asset manager that master in his field. Many companies went bankrupt due to a failure to invest caused by bad management of asset and incompetent managers who manage. Basically, asset management, if done correctly will bring financial benefits because you can invest in a variety of different investment products. Invest certainly better than just saving money in the bank, where savings can be depleted or reduced because of inflation and high cost of living. If investments are chosen precisely so that your money and assets will be used and invested enough to retire later. How? Is to find the appropriate asset and investment managers to engage in such investment.

Below are three basic points in managing the asset management that had to be prepared properly:

1. Master and Learn Your Own Business

As the owner is not enough just to know what’s happening in your asset management. You have to learn every aspect, well understood and well controlled with what your company’s assets, what problems might arise in asset management and how to solve any problems that arise due to manage existing assets. Some people will probably close their eyes and just sign any being submitted and requested by their asset managers. Even when the asset manager does not capable handling the problems and understand none. But there is also the owner who does not give full control to asset managers, so they still come down to give control over asset management. If an owner does not control the business, then he will be deceived by its asset manager, or be silent even though its assets cheated.

In the business world you can not trust anyone 100%. Even for those who have worked for years with you, even your own best friend or your business partner, because you do not know what they were thinking. It could be a friend but deceptive, or employees who are loyal but stealing and robbing of money and your assets. Because business can be very cruel and competitive. Be prepared to keep your assets and investments.

2. Show Your Power

There are business owners who so entrusted the management of their assets to an asset management team. What happens is they will wash their hands of issues that arise on the pretext that the power and control has been given to the team. It was a big mistake. What should be done by business owners was to appoint someone as your right hand or assistant who took an active role in representing business owners manage their assets. This will prevent deception and fraud that may be performed by your asset management team, because they know that business owners monitor every penny of the assets.

Do not ever give full power to your asset manager to take all decisions relating to investments or signing any investment agreements. Any decision to invest must be out from you as the business owners. What should be done is to ask your asset manager to research and compare the investment which will be undertaken with other similar types of investments, so you can choose which is best.

The key is to give power and flexibility but do not get out of control. Show who’s in charge, although it does not mean you become an authoritarian leader.

3. Choose Wisely Your Asset Manager

If you’ve mastered and show your influence, so that asset management can be run in accordance with your desire and can reach a predefined goal, then you should appoint an asset manager. Make sure that you are familiar with your asset manager. If you can not find someone who can be nominated to become your asset manager, ask others to recommend a good manager. You can ask for recommendations from your family and friends to give more personal choice, or even ask their subordinates who could be recommended to become your asset manager. If you’ve got recommendations, do a background check, how many years these people have worked and asked for assessment of achievement and his track record over the years. Because of good performance for one person may not be considered good by others.

Do not stop with just one or two recommendations. Collect several alternatives to be compared to each other. Because then, you can choose the best among the best. Do not just stare at the amazing performance appraisal, you should also see how their personally. Because people with a good performance is not necessarily have a good personality and can be accepted by all parties. You must find those who have a good personality and has an extensive networking, because you can use to attract your potential clients. While looking for the best asset managers, you will receive additional benefits.

Master the above three things well. Prepare managers and a strong team, reliable and have a vision. Then you can start your asset management program.

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strategy for financial planning and managing assets