warhammer is popular now

law: the naming of the financial indicators on principle, there are two kinds of the following nomenclature:

1, first get the molecules, after read denominator law, that is, than (a certain ratio or a certain ratio); such as gearing ratio = debt / assets, and can also omit the call for the gearing ratio.

2, first get the denominator, to read the molecular method. know how to calculate it, a very useful rule.

writing can try some of the indicators look at the following formula: total assets before interest and tax margins, sales margin, debt to equity ratio denominator comes from …

law II: If the numerator and denominator from the same report, the value in order to maintain the same with the end of the beginning of the number, or the same period the number of the same caliber; molecules derived from the profit and loss account, balance sheet, the denominator to use the average.

the

reason: the number of profit and loss figures are period, the balance sheet figures are points, period / when the points is due to the caliber different and can not be divided by the denominator needs to be translated. After the simple arithmetic average later (opening + closing) / 2, when the points are translated into the number of the period, the numerator and denominator is the period number, the division operation can be carried out , but sometimes the denominator will be used directly end of the period, then there are two possible scenarios:

1, the end of the period and the opening balance is exactly equal or roughly equal to its little effect on the amount of the difference can be ignored do not count. For example, the denominator of the direct use of the end of the number of 5 million, hinted at the beginning number is also 5 million (opening + closing) / 2 = (500 +500) / 2 = 5,000 quicken coupon,000, then the denominator can be used directly Ending . or beginning number of 5.001 million, you can 01000 ignore the meter, the same reason as the previous example.

2, the indicators keep up with the comparison indicators speak with one voice quicken software, for example, the enterprise use calculated interests in net profit margin to be compared with A Company of the same industry, while the denominator used A business interests in net profit margin calculation is the final number, in order to maintain the comparability of both sides, the enterprises should also be the end of the number as denominator, do not use the average as the denominator.

law: the naming rules of the turn rate indicator.

molecules are generally sales revenue of main business income, the denominator is The formula is called a certain transfer rate, such as the transfer rate of current assets and inventory turn rate.

last four supplementary points:

related to liquidity turbotax online, short-term debt ability indicators, the denominator is generally current liabilities;

2, related to the cash flow statement indicators, the net flow of molecules are generally cash from operating activities;

3, the inventory turn rate indicator molecules either the amount of income, can also cost the amount of (special);

4, there are some indicators of these three laws, usually need to pay attention to, for example: interest earned multiples, equity by the number of capital maintenance and increment ratio, the ratio of non-performing assets, asset loss, suitable for long-term assets, operating loss losses are ratios, etc.

MSN Spaces perfect move to

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The p90×2 exercise the abdominal muscles are the main points of concern of all fashion fitness men, perhaps you’ve tried a variety of methods, use of fitness equipment, to adjust their diets; but in fact the most effective p90×2 abdominal training methods have the following two:

It is effective strengthen p90×2 training sit-ups on the basis of the rectus abdominis. Do sit-ups, upper body rising from the supine to the ground stage of 45 degrees boxer not the rectus abdominis is the heaviest burden. Because it is a start-up phase, sternocleidomastoid, pectoralis major, intercostal muscle, the psoas minor muscle, the psoas muscle and iliac muscle and other collaborative work. After more than 45 degrees, due to the weight of the heart to the hip fulcrum resistance arm shortening, into the muscle belly since the burden of the “crane effect” is getting smaller and smaller, and therefore not the highest burden of the rectus abdominis is the development it “the resistance of anti-growth function” the best time. Therefore, to extend the duration of the body in 45-degree angle is to increase the abdominal muscles to stimulate an effective way. This is half leant sit exercise is one of the reasons for in-depth exercise the rectus abdominis.

The second reason is that the body in 45-degree angle oblique, rectus abdominis, in the resistive contraction heavier the slower state more static force composition, muscle tension, the strongest response, it is right rectus abdominis static of sexual p90×2 training a good time. Half leant sit: sit on the floor or bench the Shuangshoubaotou, legs hooked stool head of the belt fixed objects. Then, the chest Zhi Yao, head on the top, in order to lengthen the upper body of the gravity arm. Then, the force of ideas rectus abdominis, the upper body steady rise, when a 45 degree angle with the ground, to maintain the position without moving, static Service exercise. Breathing for smooth Xiongshihuxi, and can not hold back fresh breath-hold. Jing stop for a group of about 30 seconds, then sit up and active rest. May be time to rest, take a deep breath and abdominal self-massage. Intermittently for about a minute or so, practice group 4-8. I got to a certain extent, you can extend the static stop time. Half leant sit ability to continuously improve, can be dual-use head hold grip dumbbell or barbell to do the movements to increase the load of the rectus abdominis, to promote faster growth. In addition, you can combine to make some of the expansion of the action. In order to to deepen p90×2 training.

It is an extension of the sit-ups and development, in addition to the side of the outer rectus abdominis can exercise with the main exercise on the side of the abdominal oblique, external oblique, transversus abdominis and intercostal muscles, so waist muscles strong lean. Half sideways sitting practice methods: lying sideways on the bench, hooked feet one after the stool head horizontal band Shuangshoubaotou, deliberate use of the muscles on the side of the body force, so that the upper body to the side of the lift. When at stool surface as a 45 degree angle stationary, and insists on being in static exercise. Jing stop for 20-30 seconds as a group, lie down, rest, take a deep breath and relax with a massage. Intermittently for about a minute after practice for some time, with the strength and ability to adapt to constantly improve, you can gradually increase the difficulty of movement and a negative weight, in order to enhance the effect of exercise.

There are many ways to increase the difficulty of movement, can be straight waist, the top high head, stretched the resistance arm of the upper body, the body on the side of the muscle to bear greater weight moment, so the more muscle fibers into a more intense work. May also hold hands dumbbell or discus-chip in the head, do strength p90×2 training. The exercise should be noted that both sides of the alternate exercises so that the balanced development of both sides of the waist and abdominal muscles. Sitting requirements of semi-sideways: the shoulder, hip, ankle on one side of the plane, not the forward pike; the use chest breathing, should not have breath-hold; intermittent massage to relax the muscles in order to avoid the main training muscle spasm. Cramps, should immediately sit pike stretch movement in the opposite side relaxation, with massage and deep inhale exhale slowly, and conditioning for a while can be removed; static stopped, slightly tighten the shoulder or shoulder the additional action of vibration, to enhance the effect of exercise.

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Victoria Beckham actually makes sensible on her promise to cut back, reuse, recycle! To the left, Posh departs from LAX airport on Sunday when a one-day keep, sporting a black-and-white long sleeved shirt with black leggings and Yves Saint Laurent Tribute Pumps. She accessorized with a white beauty case and topped off her look with the black leather newsboy cap by Burberry Handbags. there’s one thing terribly amusing concerning Victoria walking through security on her tippy toes barefoot.

Apple officially released in San Francisco, the third generation iPad products - the new iPad “(The new the iPad). Clearer display, more powerful chips and support higher-speed wireless network connections is the main selling point of Apple’s new Tablet PC.

Overall, the new iPad “in the parameters, hardware upgrade but did not bring many surprises to the consumer. The industry generally believe that Apple is the lack of innovation highlights. Although the Tablet PC market, Apple is still “thriving,” but when the iPad can not attract consumers from technology, the product itself and other aspects of the fierce rush of the other competitors of the pursued, the iPad dominance of fear by the threat. The third-generation Apple iPad finally unveiled. NEW YORK, March 8 at 2:00, Apple held a new spring conference in San Francisco, officially launched the third generation iPad product, model, called the new iPad “(The new iPad), rather than the previously rumored iPad or iPad HD. It is reported that in the apple after the release of the iPad will also follow this practice to publish only “new iPad”, instead of individually named.

The four characteristics of a new generation of iPad, respectively Retina display, A5X dual-core processors, 5 million pixel camera, support 4G LTE network. Practical point of view: compared to the previous products, a new generation iPad most industry talked about is the high-resolution display, or to trigger a pixel revolution. Apple executives said a new generation of the iPad retinal display resolution up to 3.1 million pixels, four times the previous generation iPad2 display. This high-resolution screen will make web pages, photos, and video looks more clear and true. In addition, the new iPad “is Apple’s first 4G products, with the benchmark significance. It not only provides the first 4G LTE network support, and multi-mode network roaming, including GSM, WCDMA, CDMA, and LTE, Apple referred to as “the history of support for the largest band of the wireless network of mobile devices, which means Tablet PC’s web page loading speed will be greatly accelerated, users send and receive email with bulky attachments would be more comfortable.

According to Apple’s introduction, the user can be scheduled on the 8th, the new iPad, the product will be the first to start March 16 the first listing in the United States, Australia, Canada, France, Singapore, more than 10 countries and regions. Not difficult to see the new Apple iPad more to make changes in specifications, or that is only expected upgrade, and not very stunning features. As we all know, every time Apple release of new products to attract the attention of the world, compared to the previous new release, “The new iPad” pale.

Apple completely revolutionary generation iPhone was released in 2007, 2008, from the envelope to come up with the Macbook Air, the creative generation of the iPad in 2010, and released the same year, refreshing the iPhone 4. These revolutionary product release brings endless surprises. the iPhone be available so that consumers are beginning to realize that the phone is not only to call the cold tool to send text messages, countless applications can be downloaded iPhone above the iPhone into an indispensable part of people’s lives, it is directly changed the way many people of life. Before the Apple iPad Tablet PC product line in a way has always been ignored, and even many manufacturers think that it is the absence of market prices marginalized type of product. Crazy with the iPad market are snapped up, and the enthusiasm of manufacturers have developed flat-panel products has once again been aroused.

Prior to Apple’s products to consumers a new experience, however, now the third generation iPad release and what amazing creative. Most industry insiders believe that the overall appearance of the new iPad improvement is minimal, although the innovation but lacks the bright spot, and the new iPad as a new, even greater than the old section of the iPad is even thicker and heavier, may have deviated from the product of Jobs focus design philosophy. Most users were also evaluated for the new iPad “appearance has not changed, the product is slightly heavier, leaving fruit powder Unfortunately, the new keyboard, voice input, Siri, such as the iPhone 4S, does not support Chinese. Some users fear that the upgrading of the iPad screen will repeat the mistakes encountered when Android 3.0 tablet software is completely not keep up.

When the absolute dominance of Apple on the industry pinnacle and occupy the market, it seems that the past has brought surprise feeling of being away from the people go away. Some critics said that, before Cook’s new release of iPad, the main technical parameters have been a variety of media disclosure of Apple’s culture of secrecy, more and more mercilessly spoilers, the conference has become a no suspense film no kind enough memorable surprise. The new iPad “born” to arouse the concerns of the people Houqiaobusi era, Apple’s innovative capacity.

New iPad compared to the iPad 2 is only in the performance improved, but no surprise does not mean that the new iPad is not sexy. From the product, the new iPad level similar among or very good. Preconceived Apple flat-panel market, its market position, it is difficult to shake. According to the latest Forrester Research report, the Apple iPad to occupy 73% of the world’s Tablet PC market share, its Android competitor’s share did not exceed 5%.

However, the rapid growth rate of the tablet PC market, Apple’s ability to always maintain the leading position is still unknown. Despite relying on existing strengths, the iPad a time can dominate the market, but can continue to maintain into the future? Tablet PC market is increasingly competitive, a new influx of majority, the iPad will also face more opponents. Amazon, for example, low-cost tablet the Kindle Fire in the last year, the holiday season, Amazon is estimated to have sold over 500 million units in the Kindle Fire, its $ 199 price tag to attract new consumers. On the systems side, the Apple iPad also face challenges. Currently, the Microsoft Windows system has been officially released, Tablet PC equipped with Windows 8 operating system in the future will also participate in the competition, and pose a threat to the iPad. Andrews Department of tablet PCs has been due to the system open, affordable and highly favored by consumers is endless.

May 01, 2011 06:33 Finance
Finance U.S. Eastern time on April 30 at 9:30 am, the time the evening of April 30, 22:30 pm, Warren - Warren Buffett (column convene Annual General Meeting) under the command of Berkshire Hathaway, Buffett and Munger with the shareholders of five hours, Q, is a big feast of countless value investors Finance live the Buffett general meeting of shareholders grand Buffett’s 2011 shareholders’ meeting of the General Assembly Record:
[Sokol turbotax for mac, Berkshire Hathaway head Warren Buffett said in an interview with Fox Business Channel, he will not be held on this weekend’s Berkshire Hathaway’s question at the range limits. the same time, when asked whether he would limit shareholders to ask questions of the former executives David - Sokol (David Sokol,) suspected of insider trading, Buffett said no restrictions on such issues.
insider trading case] Buffett previously said on CNBC, will be public comment on the insider trading scandals of David - Sokol on the shareholders ‘meeting, the shareholders’ meeting an interview with CNBC for an interview with the insider trading case.
Conference site Buffett came to power speech
[Conference site] Buffett introduced the situation of the board of directors, an interesting fact is that Berkshire Hathaway, 12 directors have been six 79 years of age.
site of the General Assembly] Buffett said that in addition to residential real estate-related industries, other industries is improving.
[ ,],[Seoul accounted for 3% -5%, the first loss in its insurance business within nine
Results] [About Berkshire Berkshire stock investment in the Asia-Pacific region a loss of about $ 1.7 billion of which only the Japanese market investment in a loss of $ 1 billion.
[About Berkshire performance of Berkshire’s insurance business in the first quarter profits fell by $ 1 billion, mainly due to an increase in insurance expenses caused by the disaster, but The whole situation depends on the circumstances of the hurricane season, the third quarter is usually a disaster, the most frequent quarter.
[on the performance of Berkshire] In addition, rail, utilities (2241.834,51.90,2.37%) and energy business profit that nearly doubled, thanks to the contribution of the Burlington Northern Santa Fe Railway Company (of BNSF) and the gradual recovery with the economic situation, the performance of manufacturing, service and retail businesses continue to improve.
Berkshire performance of] the recent tornado will Berkshire’s GEICO insurance company is expected to bring 25,000 cars Payout However, GEICO, the first quarter of strong growth, especially in March, a quarter premium income grew by about 50%.
on Berkshire results] Buffett continues to emphasize the company of GEICO customer loyalty is high, claiming that the business has created a lot of goodwill value
the response to the SEC accused the U.S. Securities and Exchange Commission (SEC) has criticized the Berkshire in the calculation of certain investment gains and losses, mark-to-market (mark-to-market) accounting method, Buffett defended this end
[Sokol] Buffy special, said Sokol’s behavior like when Solomon Brothers scandal is both inexcusable and incomprehensible reason that is difficult to understand, because Sokol also did not take any steps to conceal his transactions the the situation of the company’s shares.
[About Sokol] In addition, Buffett believes that Sokol’s net assets has been very high, it is difficult to understand why he would sacrifice their own credibility to such a point the size of transactions ( Sokol bought $ 10 million of Lubrizol stock, and with the Berkshire investment to benefit three million U.S. dollars). Sokol will sacrifice credibility for the sake of $ 3 million, so that he could not understand, but he admitted that he did not timely Sokol to buy Lubrizol shares the fact that it is a mistake.
[Sokol] Buffett said his mistake was not asked Sokol: time to buy (Lubrizol stock)? br> [Sokol] a question on the Sokol.: Can not understand when you find the Sokol scandal, why did not immediately take tough measures, but released a full is defended and praised the Sokol’s news release, this has tarnished himself and Berkshire honor people, why do not you heartless (rutheless)?
[Sokol] Buffett to back him in announcing Investment Lubrizol found the process of Sokol in advance to buy things (these details are basically disclosed in a report released this week by the Audit Committee of Berkshire)
Buffett admits insider trading] the wording of a news release after the discovery of the scandal is not tough enough. He also said to have been filed with the SEC a lot of the details about this event. Charlie Munger said he can not make decisions in anger, manifested ; ruthless degree > [investment strategy] Buffett said, we certainly will choose a large-scale industry, the scientific community will be a huge winner. Munger said: Question: in the first news release, you mentioned that when Sokol first proposed investment Lubrizol, you’re not interested, but I heard the outcome of the talks with the company’s CEO, you have the interest. you start do not think it is a good idea to invest in the company, Why did you want to change their minds?
Lubrizol Buffett: I began to feel the right path Lubrizol’s business do not quite understand, and I in the investment want to know the industries in which the situation of the company, and Munger did not quite know.
[About Lubrizol] Buffett: But then Lubrizol CEO of contacts and communicate with Sokol, I think The company is large, the customer relationship is also very strong, the company dominant in the relevant market, and I think this is sustainable.
the General Assembly site] Question: Can you talk about the current stock price of Berkshire view?
Berkshire Buffett said, had to think twice Berkshire’s share price below their intrinsic value, you want to buy-back, but prior to the implementation of repurchase stock picked up.
[About Berkshire] Buffett: We do not think that Berkshire’s stock price is too high. He also said, intends to acquire a very large multinational companies, because the other party is too big, only spend part of Berkshire stock valued in order to make this acquisition, but only Berkshire’s share price rose to fully reflect its value only when such operation.
[Berkshire] Buffett: I am more like cash for the acquisition of Berkshire’s share price is reasonable, also reluctant to use the stock price of the acquisition.
conference site] Question: The United States is facing so many problems, such as the growing debt, the Financial deficit, slow economic growth and the lack of a clear solution, and why the U.S. economy’s prospects are always so optimistic?
[on the U.S. economy] Buffett: Since I was born, the average American standard of living increased five times, It is this power to us through the various difficulties, the potential of the United States had not exhausted, but other countries are catching up in the next 100, we might have 15 or 20 bad days, but we now progress extent will be earth-shaking.
conference site] Question: Is it still prefer the higher returns of the company, like Coca-Cola or Procter & Gamble, rather than those with a large number of investment strategy] Buffett said, prefer the former, with a lot of inventory and accounts receivable less attractive in an inflationary environment, we usually need a lot of capital to industry (such as utilities or rail) is not particularly enthusiastic preference for those lower capital requirements for companies such as See’s Candies Candy Company.
General Assembly site] Question: I believe that assets under management in Berkshire is very successful, but I have reached the retirement age, I hope to obtain from the investment some income, Berkshire is not possible a dividend?
Berkshire profit distribution] Buffett said, when Berkshire invested $ 1, but can not create the value of $ 1 will the distribution of dividends from investment income, you can sell the stock in batches
[Buffett’s Berkshire profit distribution: I think that if Berkshire announced a dividend, its stock price will likely decline, as will be seen as Berkshire recognition of its investment opportunities are limited.
General Assembly site] Question: Taking into account the current economic situation, do you think Berkshire investment in Wells Fargo Bank and UCO Bank prospects?
[on the rich and UCO Bank] Buffett: the rich and the Triangle is a list of the best bank in the United States, very large scale, but the profit level of the entire U.S. banking industry is much lower than in 2007, because the leverage ratio will decline. Buffett also recommended that participants read the M & T Bank and JP Morgan Chase CEO of open letter to shareholders.
conference site] Question: Over the past few years, my Berkshire stock or more than inflation rate is not much, taking account of inflation, why do not you invest in gold and other commodities?
[investment strategy] Buffett said with a smile, before dozens of the price of an ounce of gold once per share, Berkshire almost stock, but now the price of gold to catch up with our share price even close.
[investment strategy] Buffett said that the investment can be divided into three categories, first class is to do with money. said he pulled out a dollar bill on the back printed bet on the government’s monetary policy in the long run, almost all currencies have devalued, unless the rate of return is very high, otherwise we do not think the investment in money is a reasonable
[investment strategy] type of investment can not be used for production, the only thing that can be resold, the typical example is gold, the gold of the world put together, you can build a cube mm side length of 67 feet or no use. Buffett the purchase of any assets that can not be used for the production, is nothing more than gambling, expect someone higher price bought from you.
on the investment strategy of the third type of investment can be produced to create such as a farm, you re willing to pay much money depends on what you think it could produce much value of this investment style is like Buffett and Munger.
[investment strategy] Munger, investment Gold is in order to hedge, if you buy an asset, but only the end of the world when I could return, I am afraid this can not be justified.
[investment strategy] Buffett: the world’s gold total market value of $ 8,000,000,000,000. only two trillion U.S. dollars in total value of farmland that is used to buy the one side and 67 feet long gold cube money could buy the nation’s farmland, plus 10 Exxon Mobil, and then also the remaining $ 1 trillion!
[Conference site] question: when you raise money for your first investment fund, how do you attract investors?
site of the General Assembly] Buffett said with a smile, to buy my biography, architecture is like 60 generations, the big firms, the overall stock price can not keep up its parts should be valuable, and you agree with this view? do not agree, do you think Berkshire’s corporate structure?
Berkshire architecture] Buffett said Berkshire is indeed a large enterprise groups, one of the benefits of this structure is to transfer funds to high-return business, the tax is more cost-effective. and go-go (referring to the funds have continued influx of different push up the stock market) for firms in the group, then some companies is a Ponzi scheme.
[Conference site] Question: Buffett and Munger, one hundred after you most want people to remember the characteristics of what is it?
conference site] Buffett: longevity. Munger: Warren Buffett wants people to attend his funeral, this is my ‘ve ever seen looks age the greatest bodies of
meetings in question: relative to the important currencies, the dollar has been depreciating, the Fed also continued to maintain low interest rates, which most of the big powers, do you think this will What impact on your business? you are interested in the money market?
dollars] Buffett said, a few had short the dollar, and earn about $ 100,000,000, but very do these types of transactions , I think the dollar’s purchasing power will no doubt gradually decreased, the problem is the rate of decline.
dollars] Buffett said, at present, 80 percent of Coca-Cola’s revenue comes from non-US markets, which can also help Berkshire defense dollar risk.
[dollars] Buffett: Now one U.S. dollar’s purchasing power is only equivalent to when I was born (1930), 6 cents, in spite of Berkshire’s performance is still very good, although I hate inflation, but we have to adapt to inflation.
meetings in question: in deciding investment Berkshire or a mutual fund, you should consider what factors?
[investment strategy] Buffett: If you are not active investors, I suggest to buy index funds, of course, Berkshire
[Conference site] Question: Do you think what kind of tax law adjustments or monetary policy changes can promote the growth of the U.S. economy?
[on the U.S. economy] Buffett: We in the monetary and financial policies has been the best, it is difficult to imagine that can continue to take measures in monetary policy. Munger: We have the largest error is not to draw adequate lessons from the financial crisis, the unfortunate
real estate] Buffett: U.S. real estate industry downturn, we are the number of new residential construction is far less than the newly formed family. We will eventually consume a large number of slow-moving housing built during the bubble, when the residential construction industry will recover, bring a large number of jobs.
[real estate] Munger: many talented engineers into the financial industry. hedge fund managers to pay tax rates are even lower than the physics teacher, this is ridiculous!
of the locale for an hour!
General Assembly site] Question: Do you two pairs of BYD and its chairman have praise , whether the company would still like your original investment as attractive? new product releases of the company to defer whether worth worrying about?
on BYD] Munger: BYD’s share price now is that we buy twice the time, so of course, unlike the time so cheap, we BYD progress made expressed satisfaction
[Conference site] Question: I invest in commodities, you are on oil What are the views? the buy or sell?
on oil prices] Buffett: We long ago traded oil on the present trend of oil prices, we can not say, I think, a wise investor time to study of productive assets, to earn more money than commodity speculation.
[on oil] Munger: oil is not like the gold that used to play with.
General Assembly site] Question: Can you talk about the most important lessons you to a secondary school in the past?
[investment strategy] Munger: I have to admit, the previous neglect of the technology industry, I read recently introduced Google In the Plex large enterprises the verge of collapse, but the economy is not a drag, had given to the rescue with taxpayers’ money?
[government bailout] Buffett: World does have some government-funded rescue organizations, the shareholders saved is not worth the management does not deserves to be saved, but some institutions do not let it crash, but I skeptical of the U.S. government aid to the automotive industry.
[government bailout] Buffett: Unfortunately there will always be too big to fail companies. Nevertheless, the acceptance of social contribution to save the company, the CEO should be bankrupt, to pay the price.
[government bailout] Munger: just the end of the financial crisis and recession suitable for Wall Street, caused by these disasters is not so much evil, as it is stupid.
conference site] Buffett: What we did not curse to remember that the delivery of a small piece of paper up to tell me.
conference site] Question: you go to resign from the Board of Directors of the Washington Post, this imply that the company’s business does not have confidence?
[Washington Post] Buffett: We do not plan to sell any shares of the Washington Post, to the satisfaction of the company’s management, as always.
[Conference site] Question: As an Australian investor, Berkshire stock price appreciation of the ability to offset the depreciation of the dollar against the Australian dollar ?
[Australian dollar] Buffett: I can not provide any guarantee for the U.S. government’s dollar policy and the Australian Government’s Australian policy, I can not decide I can only say that we will continue to work , prompting Berkshire shares rose.
conference site] Question: Berkshire, stock portfolio, the importance of gradual decline, you seem to focus on large-scale acquisitions. whether this is your future plan?
[on the stock portfolio Warren Buffett: We have two types of business Berkshire attaches equal importance, we hope that through the acquisition of a large enterprise of the future earnings prospects in Guinea, but invested in the stock investment of time and effort did not reduce the performance of such business will also significantly affect Berkshire’s performance.
[stock portfolio Munger: We will continue to hold a large number of publicly traded securities, but with the increasing our size, this choice will become less and less, In addition, I consider to buy the entire company to create a permanent working relationship more interesting.
[on the stock portfolio] Buffett : I find it very interesting
[The General Assembly site] Question: Taking into account the economic situation of a higher inflation rate, what kind of business in Berkshire would benefit from it? which will be affected?
[on inflation affect] Buffett: benefit is the required capital investment less, and have the ability to increase the price of the company as inflation, such as See’s candy company, the worst affected are those companies that charge a fixed price, such as utilities
the General Assembly site] Question: Berkshire will take into account the Class A shares of a stock split? What are the advantages and disadvantages of doing so? What are the long-term effects?
[Class A shares] Pakistan Buffett: We issued Class B shares, which has the equivalent of a stock split, holders of Class B shares nothing wrong, we are unlikely to be repeated stock splits.
General Assembly site] Question: Have you ever praised Aguilar of special. Yaen, by Ajit Jain, said he may become the successor, you can illustrate he let you in what impressed you? we not know much about him, can you talk about?
on successor do not like] Warren Buffett: Ajit pursuit of media attention, he made all the decision-making, which I feel I can do better.
[successor] Buffett: Ajit is very creativity, thanks to his contribution, we entered the field of insurance. Munger: No to Thanksgiving Day, Ajit flew to London to work, because the British, however Thanksgiving Day. Buffett: Christmas Day, we give him a holiday
General Assembly site] Question: How do you the value of goodwill?
[about goodwill] Buffett: The basic measure of a company attractive, should not be the provider reputation factors into account.
conference site] question: Can you give some examples to illustrate what enterprise initiatives is correct, what is wrong?
[on corporate initiatives] Munger: Good Costco (Costco) is managed by a genius to become a typical leader in the industry, the company reached $ 400 million in South Korea, a store sales, Costco’s success is the wise management, business ethics and diligent work of the integrated is extremely rare.
[enterprise initiatives Munger: General Motors of ups and downs of the rise and fall as an example, can speak a whole class.
corporate initiatives] Buffett: Munger is too like a good city more, two terrorists hijacked aircraft Munger and I sat, claiming that the executions before we meet our last wish, the results Munger can not allow me to revisit the first Costco advantages. And I said, kill me a break!
the General Assembly site] Question: Our children’s lives with no fear, nothing missing, how to motivate them to study hard to grow, so that they can the next generation of competition with the development of home ?
about their children’s education] Munger: This really is a problem, do not think that children who grow up in wealthy families like working 60 hours a week. Buffett: I do not want my children just because the parents have money feel very special. he said with a smile: Of course I do not want to give them too much incentive, so that they do a better job than me!
meetings in question: the current management of Berkshire is largely not for the money to work hard, but we are unlikely to find another one willing to take only $ 100,000 CEO, you hope that future executives how much salary?
[executive compensation] Buffett: next bits CEO is likely to have a lot of money is also a successor, but taking into account the size of the company, he should also get large salary; he can also get the option awards, but should be granted based on the company’s intrinsic value, rather than stock.
on executive compensation] Buffett: Some of our managers to pay tens of millions, but they deserve such a high salary.
General Assembly site] Question: Taking into account your renewable energy and natural resources are very interested in the ability to talk about a variety of resource depletion on the impact of your investment strategy?
[resources] Buffett: little effect, there are many social problems of our investment decisions, in fact, not much impact, I am not saying they important, but not necessarily affect our decision.
[resources] Munger: Some people think that the solution to the problem of resource depletion is dig, dig, dig, these people are simply crazy.
conference site] Question: Lubrizol directly with you reached an agreement with acquisition, but did not seek other acquisitions, Lubrizol Board of Directors of such a breach of its fiduciary responsibility?
Lu Bo Run] Buffett: Of course not, we will not participate in this bidding, if they do so, we would not participate in, and that their final selling price is likely lower than it is now.
General Assembly site] Question: You will be in the future any standards they have to do a good job?
[the company’s market capitalization on the performance measures] Buffett: We hope to continue to outperform the market, rather than average over the past constant fluctuations in market value is not to measure the intrinsic value of a good standard.
General Assembly site] Question: During the financial crisis, you were the number of profitable investments, such as Goldman Sachs, General Electric and other companies, but these Terms of the investment of the same, can explain why?
[financial crisis] Buffett: All of these investments are at different times of the five investment (Goldman Sachs, General Electric, Dow Chemical, Mars and Swiss Re), the opportunity cost of consuming the same to each transaction results related to your successful investment is very unreasonable.
conference site] Question: Do you read every day 5 copies newspaper, there is a lot like corporate earnings, your reading speed is faster than most people, what are your recommendations for high school students and others how to improve reading speed?
[Reading Skills] Buffett: my reading speed is not fast, but slower than before, Munger reading faster.
on reading skills] Munger: the importance of reading speed is exaggerated, slow down all right, read faster how?
meetings in question: the U.S. Congress is trying to use political means to break the bond size limit (debt ceiling) What is your view?
[on U.S. Treasury bonds] Buffett: This is very stupid , like Indiana, 1890 on behalf of the Legislative pi changed, so that children are easier to learn and equally foolish, but the establishment of the debt ceiling itself is a mistake, the United States is evolving, our debt affordability is also evolving U.S. Treasury bonds.
] Buffett: Although borrowing more debt is not necessarily a good idea, but its set maximum limit is not the right solution.
General Assembly site] questions: Sino-US energy The company plans to build nuclear power plants in eastern Iowa, but taking into account the Fukushima spill, do you think of the return for the nuclear power plant is expected to be worth taking the risk?
[nuclear power] Buffett: I think that nuclear power plant is one of the world’s way to deal with the problem of lack of resources, I think nuclear power plant is very important and it is safe, but taking into account the impact of the Japanese nuclear disaster, I do not think the plan in the United States successfully implemented.
nuclear power Buffett: We had running the risk of an oil pipeline carrying dangerous goods railway, I put themselves as the chief risk officer. death toll of the disaster.
[Conference site] Question: North Burlington and Coca-Cola and other companies for your investment, if you can predict its growth rate and long-term cash flow?
[profit forecast] Buffett: growth must be prediction methods learned harm than benefit. This so-called lists three kinds of Buffett’s holdings of stock, this is how going on?
on Buffett’s holdings] Berkshire CFO Marc Hamm Berg: the shares are employee pension plan purchase, Buffett is the largest shareholder, this information is also disclosed.
[Buffett on Buffett’s holding]: I hold a lot I recommend you not to buy the securities: U.S. Treasury bonds, but This is just because I do not want to worry about the money.
[The General Assembly site] Question: culture and business environment is very different with the United States, investment companies what makes it special?
[on investment] Pakistan Buffett: When I invest in the oil (11.71,0.03,0.26%), whether measured by oil reserves, cash flow or any other standard, and its shares are very cheap. another Russian company, is also cheap, I’m not geopolitical expert, but I feel the investment is much better.
[on investment] Buffett: We understand not all of the overseas countries tax laws, customs, which makes foreign investment more difficult, but basic investment principles, namely to assess the value of finding good managers as well as fight for preferential purchase price is the same.
[Conference site] Question: Now the bank deposit interest rates so low, that you put the surplus money into where to go?
[capital investment] Buffett: for short-term funds, there is nothing particularly good place and ended the first quarter, our account surplus of 38 billion U.S. basically bought the bonds
[capital investment] Munger: the pursuit of short-term high earnings are likely to be counterproductive. Buffett: Because we are able in the short term to come up with a lot of cash, which help us to seize the many investment opportunities.
[ ,],[only windy in time to apply, and therefore can not be the most basic form of power supply only if the government provides tax incentives, investment in wind power is only reasonable, otherwise unable to win attractive returns < br> [wind power] Buffett: only 35% of the time in Iowa wind.
General Assembly site] Question: You mentioned the Sokol will NetJets rescued from the brink of bankruptcy, I do not quite understand, if the company was on the verge of bankruptcy, you are not obliged to disclose to the shareholders of that fact?
[disclosure] Buffett: If NetJets was an independent company, it has long been bankrupt. However, in Berkshire, under the wings of it to survive turbotax 2011, our two insurance subsidiaries also appeared in this case.
[disclosure] Buffett: Berkshire to pay corporate taxes accounted for 2% of the nation’s total tax levy.
[Conference site] Question: Now young people, the unemployment rate reached almost 20%, you are smart, sensible and young people want to get a good job any suggestions?
[employment] Warren Buffett: The most important is to strengthen their abilities, never know when you can need them. in 50 generations, on the Carnegie Training (Presentation Skills), 100 , and I get benefit from not count.
the General Assembly site] Question: Mr. Munger, you will be Todd Combs introduced into Berkshire, able to disclose specific details? you think his primary Kexi Er how did you make?
[chief investment officer heir Munger: He wrote me a letter, and then we had dinner with Warren Buffett: his performance needs to measure the five time instead of six, we will very likely there will be more than one investment manager, a good two to three.
[The General Assembly site] Question: Johnson & Johnson is one of the largest in the Berkshire investment enterprises, the recent the company heavily in the acquisition of a medical device company that Synthes, taking into account the previously ridiculed Kraft Foods stock acquisition of Cadbury’s behavior, you What do you think the decision of the Johnson & Johnson?
[Johnson & Johnson acquisition that Synthes Buffett : If they use cash instead of stock acquisition, I will be satisfied with. Munger: we know more, medical equipment, chocolate and pizza industry is not our area of ​​expertise.
General Assembly site] Question: Do you the appetite for the acquisition? what kind of business you are too big? recently have any plans?
[takeovers] Buffett: My appetite has been good, but we will not issue new shares or sell its business to acquire another company, we will continue to accumulate cash before making decisions.
conference site] Question: What do you now …

With the completion of the new round of telecom industry restructuring, three full-service provider is bound to expand diametrically opposed to the competition in various fields, and the corporate customer market must be one of the focus of competition, whether it is already in the field of customers of the Group has a strong foundation and occupy advantage of telecommunications, the entire business operations of the most experienced corporate customer market pioneering and experienced, still dominates the personal customer market, the corporate customer market is slightly tender, have developed their own customers of the Group strategy, trying to grasp need a good strategy for the next competition is the key point.
customers of the Group competition in the market, but also need a good program and implementation, while at the forefront of the market competition in the Group’s customers account manager who will be the first to meet new challenges. Group Account Manager will experience the type of change from service to marketing, from the simple type to the complex changes, shift to the expert from the promotion of type, quality and ability of the client manager to a large extent will determine this war, victory or defeat.
Group account manager will be how to deal with the coming of the fierce competition in the market? Simply speaking, group account manager to do the coordination of services and marketing services and marketing unity, from the perspective of maintaining customer relationships in service do housekeeping services, promotion marketing program marketing.
Group Account Manager butler service
butler service refers to the Account Manager to provide professional, personalized services, various sub-services focus to the account manager of a high-quality body, providing customers with one-on-one will become customers of the Group doctors, corporate accountants, lawyers and other units, it fully embodies the concept of form to provide premium services for specific customer knowledge services, consultancy services, emotional services and public relations services to enable the mutual dependence of the company and its customers to greatly increase.
butler service to do from the actual customer needs, taking into account the interests of customers, customers and operators of the company’s trying to achieve a win-win situation. Group customers, win-win feeling is to pay in exchange for enough to meet their own expected return, think value for money First of all, the Group Account Manager to analyze customer information, communication planning needs analysis as the starting point, positive for customers planning to meet its development goals of information technology products, not ahead of the date, the pursuit of appropriate, timely and appropriate for the customers to share those problem-solving.
then, the account manager to focus on customers in the long-term goal of the Group, to provide customers with long-term continuity, high-quality consultancy services.
Finally, the fundamental principle of the All services are provided based on customer demand efforts to promote the program marketing through the standardization of marketing processes, scientific and efficient marketing tool, user-friendly marketing strategies and coping skills, the Group’s information technology products recommended to customers needs, and help customers into real productivity turbotax 2011, and create and maintain a more high-value customers.
program marketing is a cyclical process, from collecting and collating all the useful information of the customers, make the necessary customer classification to identify target customers through effective visits and communication Mining potential customer needs turbotax for mac, develop targeted marketing programs and product design, the use of positive and effective means to recommend to customers and achieve sales, but also enhanced the development of customer relationship management, and ultimately customer satisfaction and loyalty.
1, the target customers effectively, manage customer information.
Account Manager through the value analysis method to determine the target customers, improve the relevance of marketing to concentrate its limited resources to achieve efficient use. identified in the evaluation of high-value customers of the Group, excellent customer Manager to be selected as the key point of contact for these customers, to provide targeted solutions for them, if it is and old customers to continue to seek cross-selling opportunities, and continue to do the work of relationship maintenance.
course, to customer value assessment quicken 2012, there must be the purpose of multi-channels to collect customer information, including the organization name and principal business brief description, including organization of each of the products or services, and highlight the distinctive place of its unique market value. and the relevant data of the organization’s position in the market, the financial position Introduction competitors, executives resume addition, record the potential problems they face may provide new opportunities for you, of course, but also lists the operators may help
collect customer information to address potential problems with products or services. should become a habit, from existing customers get the support from the public information channels (such as websites, newspapers, TV, etc.) to obtain, but also full own personal connections with the industry associations, starting from their own trade or field, combined with self-initiated investigations and secondary sources, achieve Quweicunzhen. for customers of the Group within the key,
more detailed understanding of its useful information as an important basis of future customer relationship management.
an important foundation for the work through the collation of the above information, the Group’s customer value assessment model to quantify the value of the customers of the Group Category, to complete the program marketing.
2, and make full preparations for the implementation of customer visits to understand the basic needs of the customer’s real needs
Group customers, including voice communication needs, information needs, industry-specific needs and individual needs, these needs and the size of the organization, industry property is closely related to the same time, demand from our customers both the characteristics of the unit needs and individual needs, to achieve the organic unity of the two customers’ needs can be divided into three levels, including the profiling needs, the actual needs and the needs behind the needs of , in particular, is a potential deep-seated needs of customers, customers may not realize the need to dig through a series of professional approach in a preliminary analysis of the potential problems customers may, through the chain of the problem to the design and customer contact and discuss the topic of the chain of the problems is that the causal relationship between the number of key business challenges within the organization, including job title, facing the problems and causes of the problem. complete chain design allows customers to see the Account Manager professional.
first to determine the identify the job title in the target customers potential buyers, and these people may be the primary problem, record products or services can solve the cause of the problem, ensure that the problems leading to a higher level the cause of the problem, think for this reason that the consequences of what is, to ensure that the answer is the main problem facing another key personnel, think about who should be responsible for the problem, the answer is another key figure in the title, and so forth until the highest level of these key, then contact the causal of the question. the final design of these issues, consider this problem in the chain, which figure is a key figure in the link of which issue is the main key link, and to design their own marketing strategy that should be taken.
conducting customer visits, pay attention to the storytelling to the customer and other customers experienced as a reference to the customer, the story about, is to establish a trust relationship and the purpose is to prove that they are trusted, but not the so-called Products and bargaining, not be so anxious to avoid any behavior that may be considered bad faith and in accordance with the character and characteristics of the different customers and customer interactions.
3, diagnose problems, to develop marketing strategies
account manager for customers to design targeted solutions appropriate questions to a customer-centric, step by step diagnostic customers have recognized the problems and form solutions to guide customers through the self-diagnosis envisaged.
use the opportunity to assess the model, the size of the extent of the opportunity to assess the clarity of customer needs, the determination of decision-makers, a blueprint for problem solving, the value of the product, and account manager for the entire process control objective to make
Once this opportunity is worth fighting for, you should consider the performance of their own abilities and competitors to plan their competitive strategy. If the customer development for our competitors did not participate in on the decision of whether to continue the assessment of this opportunity. we can take pre-emptive strategy, the initiative to complete the negotiation and contracting with customers and competitors in a competitive situation, it should be a reasonable use of direct competition, delays, separated by a variety of policy or strategy combination, and strive to minimize the cost to achieve the maximum benefit.
4 to recommend products to customers, negotiations with customers, to reach an agreement
first thing to note is the Account Manager to build customer friendship and their own influence, focus on customer care, emotional communication with customers.
followed in the decision-making process of customers of the Group to identify the key decision makers, and properly communicate with executives in the Group’s customers. most client managers lack experience in dealing with high-level customers, often try to sell to middle-level operational and functional managers to demonstrate to senior management. In fact quicken for mac, executives are more concerned about the panorama, we must use the executive thinking style and content of the dialogue.
Group’s business in every major part will be involves many decisions, these decisions are actually rarely determined by one person only, account manager with client contact must be highly sensitive, the delicate relationship between the clear client decision-making team members to promote the initiator of the group customers internal to actively lobby to convince the technical gatekeeper programs to eliminate the worries of the key users and alliance, caring help decision makers to fully develop inside the key contacts, and ultimately capture the core decision-makers, to complete the signing
5, and strive to establish customer trust, and relationship to maintain, should strive to establish good customer relations with clients to establish long-term the relationship
Group Account Manager and to recommend new customers to achieve the snowballing development; we must strive to complete the technology to maintain time for customers to solve problems technically; Also, the function to maintain timely product introduction, product usage and usage, the pursuit of customer satisfaction
Group Account Manager to be flexible to deal with relations between the different types of customers to master certain skills and methods, rapid response to customer complaints or complaints to help customers solve problems and to prevent the loss of customers, customer loyalty.
Ma Jihua the face of competition, the Group Account Manager to do housekeeping service, program marketing. ;, truly customer-centric professional approach to mining customer requirements and design marketing programs and recommended the right products and solutions to the customers of the Group to achieve a win-win with customers in order to have a solid and stable customer relations. in order to have an invincible position in the competition.

How to take care of quasi-marriage family family wealth
he is educated youth children, now in , a media work, the monthly income of 6,000 yuan; she just graduated from Wuhan University graduate student working less than two months this year, two ready to get married young people, faced with an expensive renovation costs, complicated issues of marriage and the future of nuclear family life, how to do a good financial plan it fully?
. But the parents of the educated youth to rural areas with small growth in Taizhou, Zhejiang, his parents still have not retired, we are still living in Taizhou long this year on October 2, they are ready to hold wedding ceremonies Taizhou.
early sense of the marriage room decoration pressure
recently renovated two weeks since the beginning, this young couple has been deeply felt Large-inch televisions and sofas
head of the preparation for this married couple, although the marriage has been in the room by the end of 2003, Bin’s parents purchased a good (house area of ​​97 square meters, the purchase price of 610,000 yuan, 430,000 loans dollars, at current prices at least 100 million), but since June 2004, Bin has been working, mortgage loans has been carried out by him, The current renovation costs, erosion is a step by step since they work all the savings they could not help but lament the difficulties of life, but also realize the importance of financial management.
wages still see them first two higher
were present financial position. Bin is a newspaper reporter and layout editor, income already considered top-notch young, the current average monthly after-tax income in 6000 yuan. I was already a young Yan, Wuhan University of graduate school, the beginning of the end of February this year to work in , a company engaged in human resources, after-tax monthly income of 4,500 yuan. the two income levels or the envy of so many young people.
Bin for nearly two years , relatively normal life, smart enough air, but sometimes can go grandmother, uncle and move around, he was a person’s life savings in the boys belong to, and the monthly cost of around $ 1500, but the annual journey of the aircraft expenses have to 8,000 yuan, because whether it is spring or autumn, he always flew to Wuhan to see his dear girlfriend.
According to him, his first year working in another newspaper revenue still 4000 yuan, so the first year’s savings is not much. to the most recent renovation, he’s savings account about 6 million, however, usually more busy work, he has no investment, money demand of. The recently renovated has spent around $ 10,000 now account balance of 5 million.
professional package and other spend so much, so far only 3,000 yuan accumulated.
short-term spending will surge
Bin calculated, and now they face the biggest expenditure item is fitting, then the wedding , drinks and other expenses of marriage of course, this year or next year’s honeymoon is one of the major future expenditures.
the monthly fixed costs, they need 2,300 yuan monthly expenditure of 2,500 yuan for two people daily consumption. annual expenditure, due to the woman home, auto road farther need to switch planes, so the cost of future visits each year, and spending the next few years, which may favor the burden will be heavier. Bin that tentatively set aside $ 10,000 budget.
So, they are now very much like financial expert for guidance about their future financial means and skills to enable them to lead an easy life comfortably well-off married.
currently suitable for a car?
the other hand, parents Bin buy a house for them in the Yangpu District, and work unit Bin near the Jing’an Temple, Yu Yan’s work in Pudong, so they should have thought about buying a car easy means of living? However, the current required spending point of view, they feel that the recent funding must be very nervous, so they asked for in the year whether to buy a car?
on balance of payments (unit: yuan)
monthly expenses
my monthly income income of 6,000 basic living expenses 4500 2500
spouse’s income housing loans 2300
Other income 0 Total 10 500 Total other 0
4800
monthly balances (income - expenses) 5700
annual balance of payments (unit: yuan)
income and expenditure
bonuses 10000 0
interest premiums, investment income 0 to visit relatives, human contacts and other 10000
Total 10 000 Total 10000
annual balance (income - expenses) 0
household balance sheets (Unit: million)
household debt, household assets in cash and current deposit 5.3
mortgage (balance) 38
stock 0 Consumer loans (balance) 0
open 0 Other 0
fund real estate (investment) 0
real estate (own) 100
Total assets 105.3 Total liabilities 38
net asset value (assets - liabilities) 67.3
experts recommend one:
a proposed asset allocation, financial analysis
family home by the next financial indicators of the table, we can see Bin overall family financial situation is still relatively healthy, in which liquidity ratio and a higher savings rate, but given the Bin Yan and I are in the family formation, marriage room renovation, purchase of household appliances, wedding, banquet and other expenses will greatly reduce the liquidity ratio and savings rate, the value should be within the experience. In addition, we find that, Both the monthly income is wage income, virtually no fiscal income, revenue model is very simple, the reason for this situation is the liquid assets are cash or demand, of course, there is no financial income, which is required promptly corrected.
Bin family values ​​of the indicators of financial indicators analysis
ideal experience numerical process
36.09 percent debt ratio is less than 50% of the liabilities / assets * 100%
flow liquidity ratio 11.04 3-8 assets / monthly expenditure rate of 45.71%
60% of consumer spending / income * 100%
savings rate 54.29% 40% 1 - consumption rate
21.90% debt ratio is less than 35% of the monthly total debt / total monthly income net of tax * 100%
Second, financial advice:
1, 2-5 years after marriage due to family in the car
formation, the stage is characterized by With the increase in expenditure savings will be reduced, the demand for greater short-term cash, household assets is limited, the small increase in the net light of the above characteristics, we do not recommend they buy a car now, because the current marriage is two primary target, can be said that the rigid requirements, require large amounts of cash; the car needs to improve family life, also requires a lot of money, the financial position or failed to meet two goals after two goals barely meet the financial situation of families affected , we should choose the more important goal, in this case it is clear that marriage is the first two goals, it is not proposed car right away, you can consider buying a car 2-5 years after marriage.
2, bid credit card, address short-term cash needs
Because marriage requires a lot of cash requirements, it is recommended for a couple of banks can be overdrawn credit card, with the first consumer, after the repayment in the form of short-term funds to ease the pressure. credited cards generally have 50m56 day overdraft interest free period, the couple can first credit card spending, and so the monthly payment after the payment of wages, thus reducing the use of liquidity, so that more funds go into the financial management, increased financial income.
3, seven days’ notice, to increase short-term debt fund for the credit card interest
, the two can put seven days notice of emergency reserve fund deposits or short-term debt funds, because these two types of products mobility is very good, seven days notice deposit every seven days for a deposit period, after-tax interest rate of 1.37%, is twice the current, drawn seven days in advance an appointment; short-term debt fund interest rate of about 2%, not interest tax deduction, 2 to 3 days ahead of redemption can be used.
4, at fixed investment fund
married after taking into account the two end there is little savings, a large investment in the stock, paper gold, fund financial is unlikely, and end of each month after the two married high savings rate, you can consider at fixed equity funds invested in a way not only can improve the investment rate of return, you can also share the cost of investment funds, due to the periodic fixed way of investment funds, you can buy at the end of the net more than the share buy less at higher share, diluted the cost from the current stock market point of view, worth the investment fund or varieties.
5, purchase of commercial insurance
family and I currently Bin Yandu not purchased any commercial insurance, a family after they increased the responsibility of the body, either party will affect the risk of family life, commercial insurance should be purchased as soon as possible, so that risk to lowest insurance can be considered major accidents and medical insurance and pension products with which the amount of pension insurance protection does not require high current, and accident insurance because rates are low, and they need to take a year to visit relatives transport insurance can be more appropriate. the insured amount can be adjusted according to actual situation.
experts recommend two: financial investment advice
need to be a lifetime activity, due to different life stages of his life living in the center of gravity and the different level of importance, financial significance of the Master generally divided into six stages of life (starting from the individual to live independently), respectively, single stage, the family formation stage, growth stage, the family, children, period of university education, family mature stage and post-retirement stage.
one of the family formation stage refers to the marriage to the birth of newborn period, Li Bin and Yu Yan is in this stage, while this period is a major consumer of the family, reasonable arrangements for spending the most important is the content of family financial management, investment should be subordinated to the needs of household expenditure.
this period the family’s assets are not strong enough, the expected future costs and risks more, such as having children, the work of re-education and transformation risks, so investors should first consider the security of assets; the same time as younger family members, able to bear the risk of idle funds may be invested long term, a more adequate for the assets of the family, and appropriately increase the risk of investment goods (such as stocks or stock funds) can increase the proportion of investment return on assets.
Li Bin and I Yan’s family already has nearly 70 million net assets, monthly balances in excess of 50% of monthly income, the leading peers, so that investment can be a little aggressive here can recommend two investment funds portfolio, a portfolio low-risk investment products (such as the IMF, the short-term bonds, bond funds and bonds) and the risk of investment goods (such as stocks, stock funds), the ratio of 50:50; another combination of these two species in the ratio of 30 : 70 If the optimistic future income and expenditure is relatively stable, it is recommended to select the second combination, or select the first combination of investment funds is available here refers to the current family emergency family funds net of payments (usually three months, household spending, in this case in about 1.5 million) after the part, as well as monthly and annual surplus funds.
in specific investment products, given the current low interest rates, low inflation and high economic growth in the external environment, mainly low-risk investment options in short-term debt funds such as the easy side of the short-term debt fund, the principal varieties of secure, long-term investment returns than expected Monetary Fund, is a better low-risk investments. venture capital market in Shenzhen, just consider the proposal and 05 listed 100ETF SSE 50ETF, the two investment goods market in Shenzhen and respectively, the market has certain advantages combination of listed companies, the investment cost is low, the market can achieve synchronization with the proceeds, if we consider the individual learning investment, you can also consider to be invested in risk goods portion of the portfolio invest directly in individual stocks.
recommend a final investment goods both offensive and defensive m - convertible bonds, which is issued by the company, in a certain period of time can be converted by a pre-agreed price into the company’s shares bonds that prices in the near face value, with the principal security features of bonds, when the company stock when the stock price close to and over, with the characteristics of high stock returns in the vicinity of investments denominated in convertible bonds, to meet the principal secure, the expected return from the investment objectives.
experts recommend three: the insurance proposal, a person eat before
the whole family to worry about, now will have to face poor Youyanjiangcu tea. about to enter the wedding hall Bin couples , how to start small family financial plan to ensure worry-free wind and rain? in all stages of life, people face the risk of different Li Bin, they should pay attention to the protection of families with step by step plan.
short term, they are to honeymoon travel, should be accompanied by travel accident insurance, travel abroad will have to choose the outside with a global emergency travel insurance.
plus medical insurance and universal life, reduce repayment risks and a lot of new people like Bin mortgage through a bank to buy a new house and such families may be appropriate to choose a wedding includes life insurance and medical insurance, including a comprehensive plan is mainly to consider the amount of life insurance and income status of the loan amount, 380,000 of loans, such as Li Bin, the amount should be at least 40 million life insurance should be the primary lender to buy a house, so as to ensure that if the risk can continue after the loan and then, to consider health care insurance, for them to do higher-income young people, it is best to have the kind of daily hospital allowance , you can use it to make up for economic losses when hospitalized.
and critical illness insurance is to see their own health, if physical fitness is better, we can consider the arrangements after 30 pm, while the next two to three years if I Yan to prepare to have children, you can add some to the mother when the insurance for special needs purposes.
pension insurance is well-off after the choose, when nuclear families are now more economic power than in the same way abroad , no one will buy all at once all the insurance products, but as incomes increase, little by little, improve their own security plan, even if the same insurance, such as life insurance, but also that as a young man first bought preparedness, with later a lower mortgage, parenthood family responsibilities increased, and the rise in social status and other conditions continue to adjust the sum insured.

Set financial goals financial start setting financial goals is the first step. Know the target action is half so critical to the success of family financial management is to build a careful and detailed goals. Then how to set their own financial goals? Before the start of We need to distinguish the difference between goals and aspirations. everyday life, we have many such desire: I want to live comfortably after retirement, I would like children to go abroad to study, I want to change a big house, etc. These are just desire to live, not financial goals. financial goals must have two specific characteristics: First, the target results can be accurately calculated in monetary terms; Second, there is a deadline to achieve the target. is simply required to have a measurable financial goals and timing in the following example is specific financial goals: I would like to become a millionaire in 20 years, I think 5 years after the acquisition of a large house 1 million, I would like to store their children’s monthly tuition of $ 500 These examples are clear and specific financial goals, time to achieve a cash measure and two features.
in understanding the difference between aspirations and goals, we can begin to set goals:
First, list all the desires and goals. in the most exhaustive good way is to use wish to write down, this is a very good chance of harmonious family communication. Second, screening and establish the basic financial goals. review every desire, and translate them into financial goals, some of which are unlikely to achieve the desire , would need to screen out, for example: I want to reach 5 years after Bill Gates’s wealth level, which for many people it is out of reach, so there is not a realistic financial goals of its Put filter down financial goals into a certain time to achieve, the specific amount of money amount and where the length of time, sort priority, to establish the basic financial goals. so-called basic financial goals, life is more significant and longer-term goals, such as pension , purchase, buy a car, children’s education, etc. Third, the goal decomposition and refinement, the direction it has achieved. the development of financial management action plan, which requires a detailed plan to achieve goals, such as how much money each month to be deposited, the minimum amount of investment income each year, etc. Some goals can not be a step to achieve, need to be broken down into several sub-goals. set sub-goals, you can know the direction of the daily work, so the target must have a direction, This can be regarded as the third characteristic of financial goals.
of course, need to set financial goals and the family’s financial situation and risk tolerance and other factors to adapt in order to ensure the feasibility of goals.