Press Release Collection: Investing

Nabers Group CEO Warns Of Using Rollovers As A Business Startup ROBS As A Strategy To Fund Small Businesses

Denver, Colorado ( PressReleaseCollection ) November 20, 2009 – One unforeseen consequence of the current recession has been the increasing number of Americans who have stumbled into entrepreneurship after losing their jobs to round after round of layoffs. Many of these people have taken one look at a job market where the unemployment rate is nearly 20% in some regions and decided to start their own businesses. It's a bold move and certainly there is something very admirable about the idea, but also a risky one, with about half failing in the first few years; making financing a small business start-up something, which should be done with great care. There are a lot of people who think of using 401(k) or IRA rollovers as a source of financing the start-up costs of a new business or to cover the purchase of an existing one. While you may see a lot of praise for these plans (called ROBS for Roll Over Business Start-up by the IRS), especially online where their proponents try to sell would-be entrepreneurs on the merits of this form of financing, many financial industry experts strongly recommend thinking again about using your IRA or 401(k) to fund your small business. One of these financial experts is Jeff Nabers, CEO of the Denver financial planning company <a href="http://www.nabers.com">Nabers Group</a>. Nabers has written about how ROBS work and their risks on his blog, where he warns against using these financing vehicles. "It's entirely understandable that people are tempted by ROBS; the recession hasn't made small business financing easy to come by and there are more Americans than ever trying to start their own businesses. However, there are a lot of risks associated with using IRA and 401(k) rollovers. Beyond the old diversification maxim of 'don't put all your eggs in one basket' the legality of the ROBS strategy has been on shaky ground. There's a basic rule that prohibits "self dealing" for any retirement account participant, but ROBS promoters have attempted to skirt this by creating a loophole that claims a special exemption. Unfortunately, a government ruling from 2006 closed that loophole. ROBS structures could face a stiff penalty, which amounts to approximately 115% of your retirement funds," says Nabers. "It's a subject that is somewhat controversial in the financial services industry, but as I have been informed by government officials and my legal counsel, the 2006 ruling means ROBS no longer occupies a legal gray area even. I can't recommend these to my clients in good conscience. I don't see a bright future for this strategy of funding, to put it mildly," added Nabers. Jeff Nabers isn't alone in sounding the alarm about ROBS and other rollover schemes?there has been a lot of concern expressed by financial experts in the last year. Previously, ROBS was considered high risk, but as Nabers' put it, "My recent DOL meeting was the nail in the coffin of the ROBS loophole." Nabers unabashedly encourages entrepreneurship in spite of the government's unfavorable stance on ROBS. His message to would-be ROBS users is: "Start and fund your venture anyway [without ROBS]. You can still raise money from others, including from their IRA and 401(k) accounts. Frankly, that is actually a surer path to success because raising money from others will cause you to be more thorough in your business planning." About Nabers Group: To learn more about Nabers Group, please visit: <a href="http://www.Nabers.com">http://www.Nabers.com</a> To read what Jeff Nabers has written about ROBS and similar financial instruments, please visit his blog at: <a href="http://www.JeffNabers.com">http://www.JeffNabers.com</a> MEDIA CONTACT INFORMATION Nabers Group 621 17th St #2100 Denver, CO 80293 http://www.Nabers.com Phoebe Chongchua press@401kdirectadvisor.com Office: 877-903-2220 ###

Nabers Group CEO Warns Of Using Rollovers As A Business Startup ROBS As A Strategy To Fund Small Businesses

Denver, Colorado ( PressReleaseCollection ) November 20, 2009 – One unforeseen consequence of the current recession has been the increasing...

Auditing The FED: Could It Become A Reality?

WASHINGTON, DC ( PressReleaseCollection ) November 19, 2009 – Although not many Americans understand the inner workings of the <a href="http://www.nabers.com">Federal Reserve</a> (FED) Thomas Woods, the author of Meltdown points out, "3 out of 4 of them want it to be audited--simply for the common sense reasoning of 'why wouldn't we want it audited?'" The FED controls the money supply for the entire nation. It also manipulates interest rates through the buying and selling of bonds and by directly setting the Federal Overnight Funds Rate, the rate at which it charges private banks to borrow money from it in order to meet reserve requirements and respond to consumer withdrawals. But what does the FED really do with all of the money that it is control of? It's certainly not any conspiracy theory to consider that, for instance, the FED may be working in conjunction with the CIA in order to manipulate the global political scene in the interests of the United States. What if the FED is investing hundreds of billions of dollars in major Wall Street banks in order to manipulate their stock prices? Whether or not the FED is doing anything "wrong", the American taxpayers have the right to want it to be as transparent as other major financial institutions. Yet, there is very little transparency about the Federal Reserve. Nobody outside of the FED really knows what the FED is doing with monetary policy at any given time. Some say that that Bill HR 1207, a.k.a. Ron Paul's Audit the FED Bill, is not sensible because the FED is already audited. But...is it? If the FED is already audited, why then the near total lack of transparency? Why is every Federal Reserve officer, including Chairman Ben Bernanke, ranting and raving that this bill, if passed into law, would compromise America's financial security? Why is Treasury Secretary Tim Geithner siding with them on this? As Thomas Woods says, "People don't act this way unless they've got something to hide. They just don't." Can it be a good sign that those who are in total control of our money supply are hiding whatever it is that they do? If the FED were already being audited, why isn't Bernanke's protest against HR 1207 simply that it would be redundant overkill? Why does President Obama, who believes himself to be the President of Change, completely side with Geithner in not wanting this bill to be passed? There is nothing changed or different about this secrecy from above in our government, whereby those who think they know what's best for us haughtily try to save us from ourselves. HR 1207 is seen as so important that every Republican in the House of Representatives, as well as the majority of Democrats, wants to sign it into law. When we have such bipartisan agreement under this current, typically divisive liberal government, it can only be a sign that something of extreme importance is being discussed. Watch the Nabers Group interview with author Thomas Woods here <a href="http://www.youtube.com/watch?v=xJR9CPZt6eE">http://www.youtube.com/watch?v=xJR9CPZt6eE</a>. ABOUT JEFF NABERS: <a href="http://www.nabers.com">Jeff Nabers</a> is a nationally recognized educator, speaker, and consultant specializing in the topic of personal finance and self-directed wealth management. He is the founding member and chairman of IRA Association of America, a non-profit trade association for financial professionals. Jeff is also CEO of Nabers Group, an unconventional financial planning firm. Jeff's writings are read by thousands of people per week. Core topics include understanding money, inflation, free market capitalism, Austrian economic theory, direct possession of gold and silver, real estate investing, income-producing assets, small business start-up funding, and Self-Directed IRA and Solo 401(k) investing. Through seminars and continuing education classes, he has taught many of the nation's top attorneys, accountants, financial planners, professional investors and real estate brokers. 5 Steps To Freedom is his debut book and contains an imminent plan anyone can follow to increase individual freedom and make our country great again. MEDIA CONTACT INFORMATION Nabers Group 621 17th St #2100 Denver, CO 80293 http://www.Nabers.com Phoebe Chongchua press@401kdirectadvisor.com Office: 877-903-2220 ###

Auditing The FED: Could It Become A Reality?

WASHINGTON, DC ( PressReleaseCollection ) November 19, 2009 – Although not many Americans understand the inner workings of the Federal Rese...

Rebound In Metal Prices!

London, United Kingdom ( PressRelaseCollection ) August 11 ,2009 – Aquarius Platinum Limited is engaged in the exploration, development and acquisition of platinum group metals (PGM) including Platinum, Palladium, Rhodium and Gold. Its PGM mining and exploration operations take place in South Africa and Zimbabwe, with administration functions in Australia and Bermuda. In a half year result announced in February 2009, group production rose to 260,208 PGM ounces; 17% higher than the previous six months to June 2008. However it was 6% lower when compared to the six months to December 2007 due to a temporary production suspension at Everest following an early detection of subsidence. At the start of the financial year, Aquarius was targeting a 2009 annual production of 575,000 PGM ounces, representing an increase of approximately 15% on the previous year. <a href="http://www.csspartners.co.uk">Marketing Director</a> Andrew Dyer explained “In a first half year result of 2009, Aquarius reported significant falls in PGM prices with Platinum prices during this period being 56% lower at $904 per ounce compared to the six months to December 2007, while Rhodium prices were 87% lower at $1,250 per ounce. Palladium was 60% lower at $184 per ounce and Gold was 6% lower at $866 per ounce. In the second half of 2009, Aquarius is set to benefit from higher commodity prices as platinum prices rebounded from a year low of $774 in November 2008 to $1186 per ounce in July this year. Palladium prices also rebounded from a year low of $161 to $259. Jewellery has seen some reduction in demand, yet requests from platinum autocatalysts and ETFs(Electronic trade funds) in particular have seen significant growth on strong Chinese auto industry rebound and dollar falls against the euro and sterling.” On daily chart, Aquarius is making a ‘V’ pattern in a range of 170.0p and 316.0p, with a higher low indicating strong uptrend. MACD (moving average convergence/divergence) is negative and 12 day EMA has cross above 26 day EMA indicating formation of upside trend. 14 day RSI (relative strength index) is near 60 showing strength in trend. ADX (average directional index) is near 26 indicating strong positive trend. Stock is also above 20 day and 50 day EMA which supports strength in trend. For a higher move stock has to move above 250.0p with some consolidation as stochastic indicating overbought. The stock has immediate resistance near 268.0p and support near 220.0p. The stock can be bought around 245p with a profit target 273.24p and stop loss of 232.7p (Hedge position: short position in spread betting with £5.09 bet per point). For additional information please contact CSS Partners via: <a href="http://www.csspartners.co.uk">http://www.csspartners.co.uk</a> Contact: Andrew Dyer Apex House, 18-20 Appold Street, London EC2A 2AS, United Kingdom +44 (0)20 7422 1800 ###

Rebound In Metal Prices!

London, United Kingdom ( PressRelaseCollection ) August 11 ,2009 – Aquarius Platinum Limited is engaged in the exploration, development and...

Free Share Tips

London, United Kingdom ( PressReleaseCollection ) March 04 ,2009 – <a href="http://www.csspartners.co.uk">SSL International PLC</a> (SSL) has recently released details on their diverse company portfolio, which includes global brands, Durex and Scholl. As well as locally owned companies, such as Meltus, Medised and Syndol in the UK and Sauber Mister Baby in Southern Europe. Charles Street Securities LLP Director Andrew Dyer explained this week “In an interim result for the six months ended September 2008, SSL saw sales grow 10%. This growth was driven by strong performances from the three major categories: Durex, Scholl footcare and Scholl footwear. Durex branded condom sales climbed by 10% thanks to continued strong growth in the UK, France, Eastern Europe, Russia and China. The ‘Play’ range rose by 27.3% to £21m. Scholl footcare sales were up 15.1%, to £84.4m on the back of strong performances from Scholl Cracked Heel Repair Cream and Scholl pharmacy ranges in France and Germany. Scholl footwear sales increased by 9.5% to £42.8m driven by excellent growth in the Asia Pacific region and the integration of the Orthaheel orthotic footwear and insoles business, which was acquired in November 2007. SSL is confident it will achieve double digit operating profit growth by March 2009 by investing in innovative new product developments, expanding distribution into new and developing territories and continued focus on cost control.” <a href="http://www.csspartners.co.uk">SSL</a> restructured the European supply chain by transferring production to the company’s existing facilities in Thailand and India. This rationalisation of manufacturing capacity saw SSL’s gross profit margin hit 60.8% compared with 60.3% in prior year. The improvement was also supplemented by profit generation from Durex, Scholl and other brands. Weakness in the pound against dollar and euro will also improve operating margins. On daily chart, SSL is trading near strong resistance of 500.0p and has not broken this resistance on the last three upside rallies. Over the short term stock has broken the down trend line indicating bullish signal. Moving average convergence/divergence (MACD) is positive and 12-day Exponential moving average (EMA) has cross above 26-day EMA indicating a weak buy signal. 14-day Relative strength index (RSI) is above 50.0 showing strength in trend, stochastic is above 80 indicating some consolidation is expected. For an upside rally stock has to sustain above 500.0p level, support can be found for the stock around 450.0p. For additional information please contact CSS Partners via: <a href="http://www.csspartners.co.uk">www.csspartners.co.uk</a> Contact: Andrew Dyer Apex House, 18-20 Appold Street, London EC2A 2AS, United Kingdom Ph no: +44 (0)20 7422 1800. ###

Free Share Tips

London, United Kingdom ( PressReleaseCollection ) March 04 ,2009 – SSL International PLC (SSL) has recently released details on their dive...