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Casual Articles - My Favorite Ways to Invest in Asia
A series of articles exploring the seven critical areas that can indicate a partnership is in trouble.The 6th C: Changing VisionIn order for a business to be a success the vision and mission must be reflected in all aspects of the structure, the culture and the strategy by which business is conducted. Contained in these are core values and principles set forth by the owners and leaders. If there are discrepancies between any of these, I can assure you there will be problems.There are two parts to vision. One is the partners' vision for the business and the other is each partner's personal vision for their life.The personal vision of each should be in sync with the vision of the business and enhance it. Obviously it is important to have clarity of both before entering the partnership and to revisit them periodically as they may change over time.For example, Justin and Romero were partners in a chain of do-it -yourself stores for about 15 years. Th
It’s also hard to adapt to a completely different culture in other ways. Advertisements that would be harmless in America can tick off the entire population of another country. For example, Nike ran a TV spot that showed NBA superstar LeBron James playing and defeating a computer-generated Kung-Fu master. People were so insulted that the Chinese government banned the ad.
And I haven’t even gotten to the business environment, which can be downright cut-throat! Look at what happened to Best Buy when it tried to open its first Chinese store:
Ask yourself this question: “Do I like what I do for a living?” If you answered “no”, what are you doing about it? Maybe you have a “good” job, but it’s not very rewarding to you personally. Maybe you have job with good pay, but bad hours or worse – a job with good hours, but bad pay. Perhaps you’ve just done your job for too many years, or are excited to work in some of the new careers that just weren’t available when you finished school.Whatever the reason is for you wanting to switch careers, there are some practical considerations to take into account.How long will it take?How will I find the time to do it?How much will it cost?This article will answer these questions and point you towards a more fulfilling career.How long will it take to train for a new career?The answer to this depends on what you want to train for. But, the majority of well paying careers that are currently seeking workers, take two years or less to tra
First, I want to tell you about ...
Three Asian Industries That Look Absolutely Unstoppable!
As an investor, you get to put your money to work in practically any kind of business imaginable. So, here’s an important question: What kind of businesses in Asia look poised to grow? My answers ...
Construction: You need look no further than China to understand why this industry has such great prospects. The country is throwing up giant skyscrapers ... paving new roads ... and building new power plants.
Maybe you think it’s too late to get in? Well, if anything, I think activity will pick up — not slow down — as the 2008 Olympics approach. We still have another year or two left in this cycle, and that’s plenty of time for some of these stocks to double.
Cargo and Containers: One trip to Wal-Mart will prove that China has become the world’s manufacturing center. Today, just about everything on store shelves was made in China (or some other Asian country).
But it’s hard to consistently figure out who will make the next hot product. That’s why I like companies involved in transporting goods from factory floors to store shelves.
Investors have tons of choices here. They can buy shares of companies that run China’s toll roads. They can put their money into railroad companies. And they can also consider port operators, since almost every item eventually boards a ship.
Of course, I do like some manufacturers and retailers. Particularly the ones that cater to ...
Chuppies: Asia is all about consumption. Every time I visit, I’m bowled over by the sheer volume of shopping going on. I’m not talking about people buying crappy t-shirts, either.
Instead, Chinese yuppies (I call them “Chuppies”) are greedily snapping up cell phones ... staying at lavish hotels ... gambling at casinos ... and sporting expensive jewelry.
At this point, you might be thinking that U.S. companies should be making a killing off of this new market. Well, some are. But others are coming up short. Here’s why ...
Some American Companies Just Don’t Get Asian Markets
Take restaurants — like their U.S. counterparts, Asians love dining out. However, many U.S. restaurants have found it difficult to operate in places like China.
One major problem is adapting a menu to the very localized Asian taste buds. Heck, you won’t find pigeon, duck tongue, or dog on a Burger King menu in the U.S., will you?
It’s also hard to adapt to a completely different culture in other ways. Advertisements that would be harmless in America can tick off the entire population of another country. For example, Nike ran a TV spot that showed NBA superstar LeBron James playing and defeating a computer-generated Kung-Fu master. People were so insulted that the Chinese government banned the ad.
And I haven’t even gotten to the business environment, which can be downright cut-throat! Look at what happened to Best Buy when it tried to open its first Chinese store:<
Although I have discussed both the sales funnel and the list building model, I want to reiterate what a powerful combination this is.As an example of a sales funnel that begins with the entry into the list via a squeeze page, this is what my sales funnel resembles:1) A free gift2) An immediate redirect to my highest – converting low ticket item (~ $10)3) Once they have purchased the low ticket item, they are quickly (generally within one day) presented a sales page for a $47 product.4) Once they have purchased the $47 product, they are presented with an offer for a $97 product.5) Continuing in this fashion, I would progressively introduce a $497 product and a ~$5000 product.One thing to note is that if someone is on one of the lower priced items list and has not yet purchased the expected upgrade, I will occasionally offer them one or several of the higher-priced items. Sometimes they will purchase the higher priced
Maybe you think it’s too late to get in? Well, if anything, I think activity will pick up — not slow down — as the 2008 Olympics approach. We still have another year or two left in this cycle, and that’s plenty of time for some of these stocks to double.
Cargo and Containers: One trip to Wal-Mart will prove that China has become the world’s manufacturing center. Today, just about everything on store shelves was made in China (or some other Asian country).
But it’s hard to consistently figure out who will make the next hot product. That’s why I like companies involved in transporting goods from factory floors to store shelves.
Investors have tons of choices here. They can buy shares of companies that run China’s toll roads. They can put their money into railroad companies. And they can also consider port operators, since almost every item eventually boards a ship.
Of course, I do like some manufacturers and retailers. Particularly the ones that cater to ...
Chuppies: Asia is all about consumption. Every time I visit, I’m bowled over by the sheer volume of shopping going on. I’m not talking about people buying crappy t-shirts, either.
Instead, Chinese yuppies (I call them “Chuppies”) are greedily snapping up cell phones ... staying at lavish hotels ... gambling at casinos ... and sporting expensive jewelry.
At this point, you might be thinking that U.S. companies should be making a killing off of this new market. Well, some are. But others are coming up short. Here’s why ...
Some American Companies Just Don’t Get Asian Markets
Take restaurants — like their U.S. counterparts, Asians love dining out. However, many U.S. restaurants have found it difficult to operate in places like China.
One major problem is adapting a menu to the very localized Asian taste buds. Heck, you won’t find pigeon, duck tongue, or dog on a Burger King menu in the U.S., will you?
It’s also hard to adapt to a completely different culture in other ways. Advertisements that would be harmless in America can tick off the entire population of another country. For example, Nike ran a TV spot that showed NBA superstar LeBron James playing and defeating a computer-generated Kung-Fu master. People were so insulted that the Chinese government banned the ad.
And I haven’t even gotten to the business environment, which can be downright cut-throat! Look at what happened to Best Buy when it tried to open its first Chinese store:
When you come across a person who will make a big impact on your thinking on how to start up your business with E-Bay, then you have just come across a person who is going to make a change in your life. Truly, a lot of people would like to venture into E-bay business but very few actually have the knowledge on how to start with it. If you are unlucky enough, you might never encounter a person who can teach how. Well, the techniques I have given below might help you one way or the other.- Initially set-up your own E-bay Store. You will get to notice this common practice of most E-bay businessmen. They set-up and develop their own E-bay store where they can manipulate the goods that are being displayed for auction and buying. Well, this makes sense. Having an avenue to make your business work is the first step to do.- Try to make some “shopping” on what clients are demanding. Try to know from the market as to what goods and products are most likely going to be
Investors have tons of choices here. They can buy shares of companies that run China’s toll roads. They can put their money into railroad companies. And they can also consider port operators, since almost every item eventually boards a ship.
Of course, I do like some manufacturers and retailers. Particularly the ones that cater to ...
Chuppies: Asia is all about consumption. Every time I visit, I’m bowled over by the sheer volume of shopping going on. I’m not talking about people buying crappy t-shirts, either.
Instead, Chinese yuppies (I call them “Chuppies”) are greedily snapping up cell phones ... staying at lavish hotels ... gambling at casinos ... and sporting expensive jewelry.
At this point, you might be thinking that U.S. companies should be making a killing off of this new market. Well, some are. But others are coming up short. Here’s why ...
Some American Companies Just Don’t Get Asian Markets
Take restaurants — like their U.S. counterparts, Asians love dining out. However, many U.S. restaurants have found it difficult to operate in places like China.
One major problem is adapting a menu to the very localized Asian taste buds. Heck, you won’t find pigeon, duck tongue, or dog on a Burger King menu in the U.S., will you?
It’s also hard to adapt to a completely different culture in other ways. Advertisements that would be harmless in America can tick off the entire population of another country. For example, Nike ran a TV spot that showed NBA superstar LeBron James playing and defeating a computer-generated Kung-Fu master. People were so insulted that the Chinese government banned the ad.
And I haven’t even gotten to the business environment, which can be downright cut-throat! Look at what happened to Best Buy when it tried to open its first Chinese store:
Residents of Canada have access to a little known strategy for dealing with debts: it's called a consumer proposal. (Sorry, if you live in the United States you cannot file a consumer proposal. The closest equivalent is a Chapter 13 Wage Earner Plan, which has many of the same features).Consumer proposals are very common in large cities such as Toronto, Ontario where incomes are high, but debts also tend to be above average.A consumer proposal is an alternative to bankruptcy, and it has many advantages.The most important advantage is that as soon as your consumer proposal is filed, your creditors cannot take you to court, sue you, or garnishee your wages. You receive protection from your creditors immediately. The protection automatically lasts for 45 days. After 45 days the protection continues if the creditors accept your proposal.Second, interest on all your credit cards is frozen on the date you file your consumer proposal; no further interest payments are
At this point, you might be thinking that U.S. companies should be making a killing off of this new market. Well, some are. But others are coming up short. Here’s why ...
Some American Companies Just Don’t Get Asian Markets
Take restaurants — like their U.S. counterparts, Asians love dining out. However, many U.S. restaurants have found it difficult to operate in places like China.
One major problem is adapting a menu to the very localized Asian taste buds. Heck, you won’t find pigeon, duck tongue, or dog on a Burger King menu in the U.S., will you?
It’s also hard to adapt to a completely different culture in other ways. Advertisements that would be harmless in America can tick off the entire population of another country. For example, Nike ran a TV spot that showed NBA superstar LeBron James playing and defeating a computer-generated Kung-Fu master. People were so insulted that the Chinese government banned the ad.
And I haven’t even gotten to the business environment, which can be downright cut-throat! Look at what happened to Best Buy when it tried to open its first Chinese store:
As a manager and leader, problem solving is a core part of your role. In a few instances you need to solve the problem immediately, for example, when the fire alarm is ringing. In the vast majority of cases you can however take a more structured approach.So what are the key steps in effective problem solving?Clearly Identify the ProblemWhile this might seem like stating the obvious, managers can fall into the trap of starting to leap into action before they have got clarity on what the problem is.To avoid this take time to get clear and write down the problem.Establish the FactsGetting a clear understanding of the facts is essential. This is particularly important when dealing with a staffing problem such as a breakdown in a relationship between colleagues. In these situations everyone will want to give you their views some of which might be factual or some which might be personal opinions. It is the facts that matter.Identify
It’s also hard to adapt to a completely different culture in other ways. Advertisements that would be harmless in America can tick off the entire population of another country. For example, Nike ran a TV spot that showed NBA superstar LeBron James playing and defeating a computer-generated Kung-Fu master. People were so insulted that the Chinese government banned the ad.
And I haven’t even gotten to the business environment, which can be downright cut-throat! Look at what happened to Best Buy when it tried to open its first Chinese store:
The company was going to take over a prime Beijing commercial space that was vacated by Ikea ... until Gome, a Chinese retailer, heard about it. To add insult to injury, Gome leased the place for $2.5 million a year even though Best Buy had been offering four times as much. Preferential treatment for a local firm? You be the judge.
My point is that succeeding in Asia is a lot more complicated than opening an office or hanging up a shingle. As an investor, you can’t assume that every company with a strategy for China will succeed. And you’ve got to be especially careful when you’re getting your stake in Asia through your U.S. holdings.
Don’t worry, though ...
There Are Five Easy Ways to Invest in Asia
I want to make something clear — I’m not suggesting that you abandon all of your U.S. holdings, even the ones with absolutely zero exposure to Asia.
However, I do think it’s foolish to have your portfolio entirely invested in any one country, especially if it’s the slow-growing U.S. There’s no excuse for that nowadays. Not when you have so many ways to invest abroad. Here are just five of the ways to invest in Asia:
First, you can buy a mutual fund that’s focused on either one or more Asian countries. Three I like are U.S. Global’s China Region Opportunity (USCOX), Fidelity’s China Region (FHKCX), and T. Rowe Price’s New Asia (PRASX).
Second, consider exchange-traded funds. These investments give you a diversified stake in specific regions, they’re easily bought and sold, and they generally carry lower fees than mutual funds.
Third, you can buy shares of Asian companies that trade on American exchanges. Many come in the form of American Depositary Receipts (ADRs), which are U.S.-listed stocks that trade exactly like their foreign-listed counterparts.
Fourth, if your broker has a foreign trading desk, you can buy shares of Asian companies that are listed on foreign exchanges. This isn’t nearly as hard as many people think. A lot of the most attractive Chinese companies are listed on the Hong Kong Stock Exchange, but some can also be found on exchanges in Singapore, London, Shenzhen, and Shanghai.
Fifth, there are some American companies that are getting it right overseas. You’ve got to choose carefully, but U.S. firms with strong presences in Asia are one last familiar way for you to get a stake in economies that are absolutely trouncing the paltry growth happening on American soil.
Best wishes,
Tony
P.S. If you want someone to help you find the best Asian investments, consider subscribing to my A
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