Investment Articles

Several countries are keeping their economies away from SWFs due to the concern that some investments are being diverted for political objective to acquire control of strategically important assets. It has been observed that OPECs have been diverting large pool of funds in acquiring strategic assets and investing in important sectors like infrastructure, telecom, energy and media across developed countries. After much opposition from US Congress, Abu Dhabi’s Investment Authority had to withdraw from its ADIA Dubai Port after 9/11 terror attacks.

China Investment Corporation’s $5 billion stake in Morgan Stanley and acquisition of Citigroup by Abu Dhabi Investment Authority for $7.5 billion was severely criticized after the recent subprime crisis.

Lack of transparency continues to be a major concern for nations that are experiencing increasing SWF funding in their economies. SWFs are being criticized for inadequate disclosures regarding size and source of funds, investment objectives and their holding in private equity funds. While in the U.S., these concerns are addressed by the Exon-Florio Amendment to the Omnibus Trade and Competitiveness Act of 1988, European Union preferred to avoid SWF funding. Some experts opine that such a fear is unwarranted if we compare the size of SWFs assets ($2 trillion) with the size of global investment funds assets ($20 trillion) and securities traded in dollars ($50 trillion).

IMG tried to address this concern of transparency and governance by issuing the Santiago Principles in 2007, a set of 24 voluntary principles to ensure transparency and sound governance by sovereign wealth funds (SWFs). However, very few SWFs have been following these principles seriously.

Geetika

India has realized that SWFs can play an important role in financing its growing economy and has started drawing attention of Oman, Kuwait and Qatar, countries holding largest SWF assets. India and Oman recently entered into MoU with $100 million of seed capital increasing to approximately $1.5 billion over the next two years. Core sectors like infrastructure, telecom, health, tourism and utility are expected to benefit from this funding. At present, large pool of foreign exchange reserves have been invested in low yielding OECD government securities bonds and other low yield deposits.

Indian Government had announced in its recent meeting with Gulf nations that it needs around $500 billion investment over the next decade to fund their growing infrastructure requirements. This also presents an opportunity for rich and wealthy Gulf nations that are hunting for better investment avenues beyond developed countries which are still under recession post Subprime mortgage crisis.

A section of industry experts however opine that since India’s reserves are not derived by commodity exports, unlike cash rich Gulf nations, establishing its own SWF is not a good idea. With its current account deficit still running around 2% of its GDP, it makes more sense to hold as much reserve as possible as against long term investing through SWFs. While reserves of Middle East countries come from oil and commodity exports, India’s reserves are derived from FDIs, External Commercial Borrowings and other term credits.

Opening up to Islamic banking will enable India in attracting huge amount of SWFs which are being diverted to China and other emerging Asian economies. Singapore is cultivating Islamic Banking so as to leverage its position as a leading financial centre.

For more information, please refer to http://understandingbasicsoffinance.blogspot.com/

Geetika

Investors generally approach investing in one of two ways. Whether they are investing in stocks, commodities or foreign exchange; they usually base investing decisions on fundamental analysis or technical analysis.

Fundamental analysis refers to the ‘hard facts’ that affect the underlying investment vehicle. For stocks, the trader would be interested in the profitability and basic type of business in which the company is involved, the financial data that is available about the company itself and any current news that could affect the company positively or negatively. The fundamental analysis of commodities such as gold or oil or other resources would relate to calculated supply and demand, the efficiencies of production and again relevant news reports that may impact future production and consumption.

So what is the definition of technical analysis? Technical analysis on the other hand, basically ignores ‘news’ and looks at past price activity in an effort to forecast future price movement. The presumption for the technical analyst is that all of the relevant news is distilled into the actual price of the underlying security whether it is gold, a stock or a countries currency.

Technical analysis can be broken down into four broad categories of analysis.

1. Chart pattern interpretation.
2. Price action interpretation.
3. Timing.
4. Indicator interpretation.

Chart pattern interpretation involves looking at specific visual patterns within a price chart. Head and shoulders formation, double top, pennant, and various breakout patterns are commonly studied and used as predictors of future price action.

Because of the highly subjective interpretation of such visual patterns, they are sometimes considered the least reliable for incorporating into a technical trading system. Yet many investors still rely on them faithfully.

Price action interpretation involves calculating the open, high, low and close of a security and using this information to predict future price activity. Candlestick charts are a popular visual representation of price action.

Price action can sometimes be a statistically valid predictor of future price direction. All strategies that evaluate price gaps would also fall into this category. Timing is simply restricting trading to specific times. This could include strategies that attempt to take advantage of the “January effect” or any strategy that limits trading based on days of the week, hours of the day and so on.

Detailed historical studies help to make timing a popular method of technical analysis.

Indicator interpretation involves analyzing price history using the many technical indicators and using them as a basis for the prediction of future price movement. This category of analysis includes all methods that look at moving averages, volumes, standard deviation, and the hundreds of variants in-between. Popular technical indicators include MACD (moving average convergence divergence, Bollinger Bands, Stochastics, RSI (Relative Strength Index) and many others.

This category of analysis has become extremely popular for a number of reasons. Of course a primary reason is due to the ability of computers to quickly number crunch vast amounts of historical data. There are also many free technical analysis sites where an investor can learn how to develop their own trading system. Also there is free technical analysis software that allows an investor to evaluate hundreds of indicators quickly.

As online investing continues to expand, the field of technical analysis will no doubt continue to grow in popularity for years to come.

by Patrick Doucette

http://www.eb-turbo.com
http://www.patrickdoucette.com

Are you stalled in your tax lien investing because you think you need to know more before you get started? Tax lien investing is really not that complex. You just need to follow these 5 basic steps.

1. Choose where you will invest

The first step is to choose the state and county or counties that you want to invest in. Are you interested in investing in tax liens, tax deeds, or redeemable tax deeds? This will help to determine which state you will invest in. If you don’t live in a state that has the type of tax sales that you are interested in you may want to consider the online tax lien or tax deed sales. I believe that it’s best to invest in what you know, so if possible, pick an area that you are somewhat familiar with. It doesn’t necessarily have to be the state that you live in, but it helps if you know something about it. It should be an area where people want to live and the population is growing not decreasing.

2. Find the Tax Sale Information

Once you know where you want to invest, you need to find out all you can about the tax sales in that state or in that county. Most counties only have a tax sale once a year. Many counties have a lot of information about their tax sales, including the tax sale list, online. Get the tax sale list and see just what information is provided by the county on the list and what you are going to have to find out on your own. If the county doesn’t provide a good list with a lot of information about each property than you may want to purchase the tax sale list from a tax sale list provider.

3. Do Your Due Diligence

Now that you have the list of properties that are in the tax sale, and know the rules and procedures for the sale, you need to do your due diligence on the tax sale properties. You want to make sure that any properties that you bid on have value of much more than what you bid (in the case of a deed or redeemable deed) or what the lien amount is (in the case of a tax lien). You need to check the tax records to find out as much as information about each property as you can and determine a rough estimate of the value of each property that you plan to bid on. For tax deeds you will want to do some type of title search to check for liens or judgments that might survive the tax sale. For vacant land (both liens and deeds) you’ll need to check any zoning laws to make sure that the property is buildable.

4. Prepare to Bid

Now you should know which properties you want to bid on and how much you are willing to pay, or how in interest you are willing to bid. The next step is to prepare to bid at the tax sale. In step 2, you should have found out, how soon before the tax sale you need to register in order to bid. For online tax sales, you may need to have money deposited a few days before the sale in order to bid. Now is the time to make sure that you have the proper form of payment for any bids that you win at the sale.

5. Bid!

You’ve done your homework and now you’re prepared to bid at the tax sale! Make sure that you know what it that you are bidding. You should have found out what the bidding procedures are in step 2 and you should have enough funds to pay for all of the deeds or liens that you win (step 4). You should also be aware of any other costs and fees involved when you win a bid (find that out in step 2).

Follow these simple 5 steps and you’ll quickly create a profitable tax lien or tax deed portfolio.

Joanne Musa works with investors who want to reap the rewards of investing in profitable tax lien certificates and tax deeds. Her tax lien investing articles appear all over the Internet. Her no-nonsense, straightforward approach to tax lien investing has earned her the title of the “Tax Lien Lady.” Tax Lien Lady’s Member’s Area is designed to help you navigate though the steps to building a profitable portfolio of tax liens or tax deeds. With 3 full courses, dozens of videos, and monthly webinar training, you’ll quickly move forward on your journey to tax lien investing success! Join us at http://www.TaxLienLady.com/Membership.htm

Income investing is a great way to pull out a monthly cashflow from the stock market. But many investors who actually use this strategy could be making a lot more in terms of monthly income. Here are 3 very powerful methods which you can use to increase your returns when income investing.

1. Look at the Company

It is tempting to jump in a few just because they happen to be a large dividend to their shareholders. However if the company is not sound and growing there is really not much of a point to doing this.

After all a 11% dividend seems very generous, but if the stock is going to go down 80% during that time period it is still going to be a losing investment.

So why not take the time to only get into great companies which actually have a real future. This way you can win two ways. You can win with the dividends and you can win as the stock appreciates in value.

2. Write Covered Calls

Dividends are not the only way which you can make a cash flow from your stock. You can also make money by selling covered calls. This strategy might be looked at as a little more dangerous because you could be forced to sell the stock, but the risk can be worth the reward in my opinion.

So what is this strategy? When you began on a stock you give another person the right to buy the stock at a certain price on or before a given date.

So if you own a stock which is trading at $73 and sell the $75 call for $5 you make an instant $5 but you are now obligated to sell the stock at $75, and you will remain obligated to do that until the call eventually expires.

This can sometimes work against you if the stock makes a large upward move and you get called out missing some of the potential profits it could have produced. But in my opinion the strategy can definitely be profitable enough to take on that risk. Of course not everyone feels like way so the strategy is not for all investors.

3. Sell Put Options to Get In

If your goal is to make cash flow off of your stock, why not start off the trade by making some money? Every time you sell a put you make money to take on the risk of getting into a stock. So if you are only selling puts on stocks that you would love to own what can be the problem?

For a list of Dividend Paying Stocks visit http://www.stocks-simplified.com/List-of-Dividend-Paying-Stocks.html

Investing for beginners can be very tricky. Remember that each has a different goal when delving into this kind of business. And this can have a big impact on how one invests. And there is the recession to take account for. There are many sources you can investigate online before parting with your money. This article can give you some of the best you can apply to your business.

Basic tips for investing for beginners:

Understand that in investing, there are no set rules. This means there are also no guarantees and no 100% fool proof way to invest. This may make investing for beginners a bit difficult. So the first thing to do is to research. You must make informed choices. Ask experts if you can. Before you start investing on a product, you have to completely understand how it works, how it will benefit you and all the other details of the transaction.
In addition, get to know your product as well. Don’t be fooled by the hype generated by a product. Sure, it may be touted as “hot” for now but considering the erratic market conditions, it may be unwise to invest on something that might make you lose more than you can gain. It is best to invest on a product you already know. You must also be comfortable with costs, liquidity and risks involved in investing on it.
Also remember that when a company has performed well in the past, they’re more likely to perform well in the future. Research on what the company you’re planning to invest on buys or sells so you could be able to monitor your investments.
Another tip is to make a simple plan to decide on your goals. This will help you settle on what works and how much to invest on it.
Also remember not to look at the price of the stocks but the value of it instead. Some stocks have low prices for a reason and it may be too late before you realize it.
Another good investing for beginners tip is to use only surplus capital in taking a risk. Should your plan fail or backfire, you won’t be hurt as much.
Never put all your money in one stock. Spread out. This is the best way to protect your funds.
Long term plans are better than short term ones. It is difficult to forecast short term directions on market and stocks in unstable market conditions.

Last but not the least, use your head, not your heart. When things go wrong, relax. Do not panic. Never let emotions get in the way. Investment decisions affected by greed or fear are extremely risky and more often guarantee more losses than gains.

Don’t miss out on the latest investing for beginners tips provided by the experienced wealth building advisors.
Visit http://investing-for-beginners.org to find out how to minimize your risk and drive profits through the roof!

As an explanation to the most recent recession in the housing market in Canada, REMAX Canada released a report analyzing the local Canadian housing markets over the last 30 years. Investing in bricks and mortar has been shown to be one of the most protected approaches to invest over this period of time.

The market for residential property throughout Canada still amazed economists and property analysts according to the report. Actually, over the past three decades Canada has encountered three big real estate downturns in the years 1981, 1989 and 2008. Values and sales have been growing up for 6 months making the slump in 2008 the shortest one ever. The property market has now turned into a leverage market (debt) and quite possibly a sellers market as well.

There are numerous rationale why there is a long term investment in the Canadian property market. Real estate embodies financial and material “fortresses” for most Canadian investors. Home ownership has increased from 62.1% (in 1981) to 68.4% of the total population. With a 12% rise, Calgary has seen an even greater increase in property purchase.

Vancouver, Victoria and Toronto had the highest jump in housing prices. Albeit there have been slumps in the property market it has remained a good investment. In the first eight months of the year Greater Vancouver has seen an a growth of 14% sales and is the pioneer in this years housing market. Stimulation is coming from those buyers that are trading up but the most telling rise is by the first time buyer.

Those who have kept their eyes on the resale market for some years shouldn’t be amazed – Vancouver is the highest performing market in Canada, in terms of real estate prices appreciation!

Since 1980, the typical price of property in Vancouver increased by 473.7% while the average price in Canada reached 366.4%, from $100,065 to $574,061. Home ownership increased from 58.5% to 65.1% during almost the corresponding period (since 1981). If you examine at the rate of inflation over the corresponding time frame you can see the disparity. According to the Bank of Canada inflation calculator, it got to 156.6% for the equivalent period. In other words: investing $100,000 into real estate 30 years ago would afford you just about $320,000 net return.

It seems that Canadians are familiar with this fact. According to The Angus Reid Omnibus Survey (conducted on September 15), 77% of respondents in Canada preferred investing in real estate instead of stocks.

Jay Banks has been an accomplished realtor in Vancouver BC for several years. For more information and other great tips, visit his website.

Company profile: Indiabulls Power was established in 2007 to capitalize on emerging opportunities in the Indian power sector. The Company has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. The Company is also developing four medium sized hydro-power projects aggregating to 167 MW in Arunachal Pradesh. These hydro-power projects are proposed to be developed as run-of-the river projects. is a subsidiary of IBREL, a part of the Indiabulls Group and listed on the BSE and the NSE. IBREL focuses on construction and development of properties, project management, investment advisory and construction services, with operations spanning all aspects of real estate development, from the identification and acquisition of land, to the planning, execution, construction and marketing of its projects (including architecture, design management and interior design), through to the maintenance and management of its completed developments, as well as providing consultancy services on engineering, industrial and technical matters to various industries including companies engaged in construction-development of real estate and infrastructure projects.

The Company’s Power Projects:
• Amravati Phase I Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

• Nashik Power Project will consist of five units of 135 MW each and two units of 330 MW each, with a combined capacity of 1,335 MW.

• Bhaiyathan Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

• Amravati Phase II Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

• Chhattisgarh Power Project is expected to have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.

Some reasons to invest which are in favour of Indiabulls Power:
• Strong Portfolio of Power Generation Projects

• The Company has entered into long-term power off-take arrangements for the Amravati Phase I Power Project and the Bhaiyathan Power Project.

• Association with the Indiabulls Group.

• Strategic partnership with key shareholders

• Experienced management team with a track record of project execution.

Some of the negatively weighing reasons:
• Promoters don’t have any experience in the power sector.

• Indiabulls Power will have to depend on state electricity boards for offtake over the long term.

• The returns on projects won through competitive bidding may not turn out be high.

Risks involved:
• There are outstanding litigations against the Company’s Directors, Promoter and Promoter Group companies.

• Certain regulatory actions have been taken by SEBI and the Stock Exchanges against Indiabulls Securities Limited.

• Some of the Subsidiaries and Promoter Group Companies have incurred losses and/or have had negative net worth in the last 3 years.

• The Company relies on its subsidiaries to generate earnings, and any decline in the earnings of its subsidiaries or their ability to pay dividends to the Company could materially and adversely affect its results of operations.

• The success of the Company’s power projects depends on the reliable and stable supply of water to the power
projects. In the event of water shortages, the power projects may be required to reduce their water consumption, which would reduce their power generation capability.

Objective of the IPO:
The Net Proceeds of the Issue are proposed to be utilised by the Company for the following objects:
• To part finance the construction and development of the 1,320 MW Amravati Power Project Phase-I;

• Funding equity contribution in the Company’s wholly owned subsidiary, IRL, to part finance the construction and development of the 1,335 MW Nashik Power Project; and

• General corporate purposes.

Some facts and figures:

Issue Highlights
Start Date-12 Oct 2009
End Date-15 Oct 2009
Issue Size- 339800000
Face Value (Rs.) - 10.00
Price Band (Rs.) - 40.00 – 45.00

Bid Details
Market Lot - 150
Tick Price (Rs.) – 1.00
Minimum Price (Rs.)- 40.00
Minimum Bid Qty- 150
MaximumBid Qty- 278635950

IPO grading: This Issue has been graded by CRISIL Limited as 3/5, indicating average fundamentals.
Registrar to the Issue: Karvy Computershare Private Limited
Book Running Lead Manager/s: Morgan Stanley India Company Private Limited

Is it worth to invest?

Indiabulls Power Ltd’s $315 million IPO which will open for subscription on the 12th October, 2009 has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. The Company intends to sell the power generated from these projects under a combination of long-term PPAs to industrial and state-owned consumers and on merchant basis. The Company is also developing four medium sized hydro-power projects aggregating to 167 MW in Arunachal Pradesh. Company proposes to utilize a portion of the Net Proceeds of the Issue to part finance the construction and development of Amravati Power Project Phase – I and Nashik Power Project (the “Identified Projects”). Indiabulls Real Estate currently holds 71.4 percent in the company. UK-based billionaire L.N. Mittal’s LNM India Internet Ventures holds a 10.7 percent stake, while private equity firm FIM Ltd holds the remaining 17.9 percent. The company also controls one of the largest coal mines to provide low cost coal to its plants and had received large coal linkage allocations in last year’s empowered ministers meeting. Given the higher execution risks associated with the power projects enhanced by no prior experience of the group in setting up or operating a power plant, the issue price seems to be steep. But taking into consideration the experienced management team with a track record of project execution the issue is worth to invest for long-term.

LOKESH REDDY
http://www.bizaddict.appspot.com
“Mirror our negatives to see positives on screen”

For IPO analysis, business deals, mergers and acquisitions analysis visit us, we give you an analysis of the deals and give out a verdict as to whether you can invest in a particular IPO or not, what the deal means to you as an investor.

Deciding between money market accounts and certificates of deposit is a matter of determining the length of time and level of security you desire when investing. Both forms of investing can be very beneficial to your assets, but they satisfy different goals. Therefore, to decide between them, it is important to determine your goals.

Let’s look briefly at some goals you may have in mind:

Long-Term Savings – If you’re looking for a way to invest that can guarantee the amount of funds at maturity then certificates of deposit are probably the best way to go. They are debt instruments that are issued by banks or other financial institutions in exchange for money paid by an investor. The CD is given for a predetermined amount of time with a fixed interest rate until maturity. The trade-off in this is that you may not have access to your money for a while, anywhere from weeks to years. However, if you’re not interested in having access to your money (and like investment growth) the CD is a good option.

Easy Access to Funds – If you are looking for an investment tool that allows you access to your funds whenever you want them then money markets would be a better choice. You can open your account at most any financial institution, from which you should receive a checkbook that will give you the ability to regularly invest in the form of purchasing stocks, bonds or mutual funds. Also, you can deposit cash easily in these accounts.

If you’re still not sure of which route to take, here are some other ideas to keep in mind:

• Certificates of deposit are FDIC insured up to $100,000, much like money in a savings account; however, if you decide to opt for a longer maturity period (and higher interest rate), you may have to wait a very long time to access your funds.

• Money markets tend to keep their share price right at $1 per share, which works out nicely for some; however, if you want to take advantage of interest rate maturation you will have to deposit more money instead of waiting over a period of time like with CDs.

Making the decision of what you should do with your cash can be a tough one. But with certificates of deposit and money markets both clearly offering unique perks, your biggest job will be to decide which goals are most important to your investment future.

http://www.gobankingrates.com/

What is a hedge fund?

A hedge fund is an aggressively managed portfolio of securities set up for investors who have a net worth of over one million dollars. Investors who participate in a hedge fund must sign a letter of agreement specifying that they are knowledgeable investors and that they are aware of the risks.

The hedge fund managers use advanced strategies to maximize the return on investment to the fund. The strategies employ highly leveraged positions in long and short derivative positions in both domestic and international markets. Derivatives include options (puts and calls), futures (contracts), and swaps, which they combine to protect the bulk of the portfolio. Most hedge funds (but not all) use sophisticated mathematical models to design protective “collars.”

A normal requirement for hedge funds is that the investor must leave their investments in the fund for at least one year. To withdraw funds investors must notify the hedge fund manager within a narrow window (one or two months) and at no other time.

Regulation

Since hedge funds don’t deal with the regular public but with sophisticated “accredited” investors, they aren’t regulated. Therefore, managers have great flexibility in their choice of instrument. Although hedge funds resemble mutual funds, they aren’t considered mutual funds (which are regulated and banned from using derivatives).
Yet, since hedge funds participate in organized and regulated markets they become subject to US law, and they may be scrutinized by the SEC and the Fed. In this respect, despite the fact that hedge funds aren’t regulated, “insider trader” laws and other laws also apply to them.

Return on investment

Because sophisticated investors demand higher returns for their investments, hedge funds are created to fill that need. Once a hedge fund can show a steady track record of high performance (much higher than the regular markets), money begins to flow in. The more explosive the return on investment the greater the allure of the hedge fund.

Cash Flow as a measure of liquidity, profitability, and future returns

No two hedge funds are alike; they all function independently and in general they become a reflection of the personality of their managers, but in particular of the personality of the general partner.

Some general partners with cowboy personalities will ride over all open fields: buyouts, IPOs, stock splits, arbitrage, and foreign currencies.

For many stock investors, the index “earnings per share” (EPS) is the absolute measure of profitability and an indicator of future corporate performance. For the hedge manager, however, a much better crystal ball is the corporation’s statement of cash flows.

Why is the statement of cash flows preferred by the hedge fund managers over the EPS? Hedge fund managers know that EPS can be ‘doctored up,’ manipulated, disguised, and shaped to look good, when the underlying reality may be different-even grim. Cash flows on the other hand can be double checked with the banks that hold the cash accounts. The pieces that go into the preparation of the cash flows statement must fit perfectly and harmonize with the balance sheet and the income statement.

From the top section of the statement we read the inflows and outflows from the main line of business-operations. From the middle section we read the investing activities: what cash was generated and used by non-current assets and non-current liabilities. From the third section we can see the inflows and outflows due to dividends, and bond and stock issues. The Statement of cash flows paints a detailed panorama of all the significant activities that management engaged in during the year. Of most importance are the clues that the figures give to hedge funds managers as to the direction of the company: what plant expansions are taking place, what restrictions are being placed on retained earnings, and so forth.

And if the company is having difficulties with liquidity, this can be gleaned, too.

Hedge fund managers value fresh, current, timely, and accurate information. Not only do they value information, but they also cultivate good sources of information and connections. In this respect, hedge fund managers must tread lightly so as not to become prey to “insider trading.”

Multiple Brokers and Arbitrage

To squeeze the maximum return on investment, hedge fund managers employ several brokers, always seeking to make economies on broker fees and commissions. Given the volume and large amounts of money their savings can be significant, which in the end will add to the fund’s bottom line.

Again, given the large investments hedge funds can dump on brokers, they aren’t too proud to engage in arbitrage. If they see that there’s a price disparity between exchanges, they will capitalize on it by crossing markets. Of course, most of these mispricing can be detected by computer programs that crawl the internet, pouncing on every opportunity and thus eke out gains with no labor investment.

Conclusion

Investors with cold blood in their veins, strong hearts, and strong stomachs will entrust -risk, may be a better word- their money to hedge funds. Is there any protection? None. They go into the funds with open eyes, trusting only the personality of the general partner.

May universities, hospitals, museums, art organizations, and other non-for profit organizations invest in hedge funds? Yes, they may. The overseers, trustees, directors, and in particular those in finance and investment committees will be considered ‘accredited’ investors. And in keeping with their fiduciary responsibility they will follow the “prudent man” philosophy of diversification, investing only a fraction of their endowments.

M. Guerrero
Retired Investment Banker, Corporate Controller, graduate of Columbia University, and Vietnam Vet (1967-1968).

Visit Mary’s site and see what her book is about. To read book reviews of the Classics visit: http://writingtolive.com