Friday, 26 April 2013

Easy Tips for Wealth Creation

Building wealth and leaving a considerable legacy for future generations is a goal shared by many; however, most individuals consider it to be a privilege privy only to the rich and affluent. Richard Cayne of Meyer International Thailand says that wealth creation is not just limited to those born with a silver spoon in their mouth; it is something that can be achieved by anyone if they follow a few simple steps. Richard Cayne of Meyer International Thailand further adds that capital should be treated like a sapling, with the right care and nourishment it can attain unprecedented heights.

According to Richard Cayne of Meyer International Thailand, one of the first steps in wealth creation is to opt for a job that you love to do. Innumerable surveys have shown that individuals who do what they love will almost definitely end up fetching a higher rate of remuneration and excelling in their careers as opposed to those who are in it just to earn a living. Therefore, finding a job you are passionate about is quite important to wealth creation.

The second most important step for wealth creation according to Richard Cayne of Meyer International Thailand is to know your options. This step relates to investments. Richard Cayne of Meyer International Thailand explains that simply saving money does not hold the key to wealth creation. To reach a state of financial independence, one has to make their money work hard for them. Equipping yourself with the knowledge about various investment options in the market and aligning the same with your personal financial goals is one of the best ways to make sure that you have a considerable wealth base by the time you think about retiring. While your earning powers will always have a limit, the earning potential of your investments is indefinite.

Last, but not the least, Richard Cayne of Meyer International Thailand mentions that in order to create wealth one must remain optimistic, but at the same time be willing to take calculated risks. Every investment opportunity comes with a certain amount of risks, knowing your capacity to withstand risks and then investing in the best performing vehicle in the category can help you create wealth faster. Richard Cayne of Meyer International Thailand explains that staying optimistic in life goes a long way in helping you get through any kind of personal or financial situation. By combining the power of knowledge with optimism, you can create wealth and happiness for yourself.

Richard Cayne is based in Bangkok and is Managing Director of Meyer International Ltd which is part of Asia Wealth Group Holdings Ltd a UK listed financial services holding group.

Wednesday, 27 February 2013

Tips to Ensure Better Financial Security by Richard Cayne Meyer International Thailand

While financial security and planning are things that occupy most individuals’ minds these days, there are only a small percentage of people who actually take the right steps in order to secure the future of their loved ones as well as themselves. Richard Cayne of Meyer International Thailand offers the following checklist for individuals looking to secure the financial aspect of their future, so that they can efficiently manage their funds, while leaving enough room for contingencies.

    Emergency Fund - Richard Cayne of Meyer International Thailand opines that every individual must   have an emergency fund set aside at all times so that they can easily deal with life’s unexpected events. Allocating a part of your income on a monthly basis for an emergency fund can help you deal with situations such as an accident, car problems, loss of a job, etc. in a calmer manner, while avoiding a position wherein you would need to take a loan.
    Repay Your Debts – Next on the priority list according to Richard Cayne of Meyer International Thailand should be the repayment of your debts, besides mortgage. Working your way up from smaller debts or those with a higher rate of interest is an effective way to get rid of your obligations in a timely manner.

    Create a Buffer - Richard Cayne of Meyer International Thailand strongly suggests keeping a bank balance that covers at least three to six months of your living expenses. These could include rent or mortgage, monthly bills, gas expenditure, average food bills, etc. Ideally you should add up your monthly expenditure and multiply it by six to arrive at a figure.

    Investment – Once done with the above checks, Richard Cayne of Meyer International Thailand suggests it is time to start paying yourself or investing for your future. According to Richard Cayne of Meyer International Thailand, one should allocate 15% of their income in their 20s, while 40% should be the target for those in their 40s and older.

    Family – For those who have managed to tick the above items off their checklist, it is time to start concentrating on the needs of your family. Creating a college fund and paying off your mortgage should be high on your priority list now. The earlier you start, the better your chances of helping your family live a rewarding life. Richard Cayne of Meyer International Thailand adds that leaving your family with considerable wealth should also feature on your priority list. Appropriate tax planning and optimized wealth transfer solutions should be looked into along with suitable life insurance and other financial planning tools.

Richard Cayne is Managing Director of Meyer International which forms part of Asia Wealth Group Holdings Limited a London UK listed financial services holding company.

Thursday, 31 January 2013

Choose the Right Health Insurance Plan for Complete Wellness

In the wake of trying to meet daily expenses, fulfilling the wishes of your loved ones and making wise investments, health insurance is something that always seems to take a back seat. However, Richard Cayne of Meyer International Thailand says that getting the right health insurance plan is one of the greatest gifts you can give yourself and your loved ones. Choosing the right health insurance plan truly puts you on the path to complete wellness, since it helps you deal with medical emergencies in a more efficient manner, giving you complete peace of mind knowing that the health of your loved ones is well taken care of.

Richard Cayne of Meyer International Thailand strongly believes that one must put in a great deal of thought into the kind of plan they are opting to invest in, since getting the right amount of cover is imperative if you wish to fully benefit from health insurance. One of the first steps in choosing the right plan for you and your family, as advocated by Richard Cayne of Meyer International Thailand, is understanding the ins and outs of the policy. You should not only look in detail into the health conditions covered by the plan, but also those that are excluded. You need to fully understand the conditions that would require co-payments or be eligible for deductions and how many family members are covered, as without complete knowledge one cannot expect to make a sound decision.

Richard Cayne of Meyer International Thailand says that the next step entails understanding the specific needs of your family. You need to make a decision on whether you wish to include the entire family or just a few members. You might want to consider leaving out members who are already covered by their employers or who have separate health insurance in place. Once decided on how many members you wish to include, you now need to decide on the kind of cover you are willing to allocate. According to Richard Cayne of Meyer International Thailand, this can be one of the trickiest steps, since this would require a more keen assessment on the existing health conditions as well as probable requirements of health cover of your loved ones. However, a clear assessment on this step will help simplify which member needs to be covered under which grade of the health insurance plan.

Once decided about the above, Richard Cayne of Meyer International Thailand says that evaluating your budget would be the final step in choosing the appropriate health insurance policy for you. Being able to afford the health plan throughout its tenure, without compromising on the necessities of life, is key in achieving complete wellness for you and your loved ones.

Richard Cayne is Managing Director of Meyer International Ltd in Bangkok Thailand which is part of Asia Wealth Group Holdings Ltd a London listed financial holding company.

Thursday, 6 September 2012

Richard Cayne Meyer Asset Management Ltd – Common Investments and Correlation in The Markets

According to Richard Cayne Meyer Asset Management Ltd, having a well balanced portfolio with investments which compliment each other is quite important. So many investors end up buying assets or investments that are highly correlated and end up performing about the same. Of course this can be good in a rising market but offers no downside protection should the markets experience a severe correction. This article discusses some of the most common types of investments and how they may be correlated with each other.

Preferred stockholders have a greater claim to a company’s assets and earnings. This is true during the good times when the company has excess cash and decides to distribute money in the form of dividends to its investors. In these instances when distributions are made, preferred stockholders must be paid before common stockholders. However, this claim is most important during times of insolvency when common stockholders are last in line for the company’s assets. This means that when the company must liquidate and pay all creditors and bondholders, common stockholders will not receive any money until after the preferred shareholders are paid out. That said most people invest in common stock.

Shares & Debentures
Richard Cayne Meyer Asset Management Ltd in Thailand says the differences are that; SHARES- A Share holder is the real owner of the company and does not have not fixed dividend rate and no maturity period, shares are not redeemable but can be sold. Shares are more volatile and imply a higher degree of risk. A share holder can have high return and share holders have rights on residual income.
A debenture holder is the creditor of a company, they have fixed rate of interest and they have a maturity period but they don’t have any right to vote. Debentures are redeemed, they are not volatile and they have a lower risk and a lower return. Unfortunately over the past few years we have seen a higher correlation of performance tied to both stocks and bonds.

Mutual funds
Mutual funds are also known as open-end-company. These are one of the most popular kinds of investments and provide the investors the opportunity to invest in securities. Though mutual funds involve risks but they also offer two things, that is, the ready diversification and opportunity for the fund manager to outperform the market.

Real Estate Investment
In the opinion of Richard Cayne, Real Estate Investment Trusts are corporations that sell shares for investments in real estate which can be in either residential, commercial or both. This type of REIT (Real Estate Investments Trust involves the buying, management, ownership, sale or rental of real estate properties and mortgages. Again as we had seen during the financial collapse property having taken a nosedive and the equity and bond market went down along with it.

According to Richard Cayne Meyer International in Bangkok Thailand a commodity is a product, which is of uniform quality and traded across various markets. There are generally two types of commodities, “hard commodities” and “soft commodities”. Hard commodities include crude oil, iron ore, gold, and silver and have a long shelf life. Agricultural products such as soybean, rice or wheat, are considered ‘soft commodities’ since they have a limited shelf life. These commodities have to be similar and interchangeable or ‘fungible’. Gold as an example had provided an uncorrelated performance throughout the financial crisis up until 2012 and had been a good compliment to any portfolio as it had outperformed most other investments. Now in 2012 Gold seems to be gaining popularity as a mainstream investment pushing up demand for it and as such we are seeing a higher degree of correlation with the equity markets than we used to.

Richard Cayne having lived in Tokyo Japan for over 15 years and at Meyer Asset Management Ltd has ties with over 200 global financial services firms. Richard is Managing Director of Meyer International Ltd based in Bangkok Thailand and is the Asian based marketing arm for the Meyer Group which is owned by Asia Wealth Group Holdings Ltd listed in London UK

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Meyer International Richard Cayne – Life Insurance Simplified

Richard Cayne Meyer Asset Management Ltd says; In its simplest form, life insurance is financial leverage.  A small pool of money creates a large pool of money, guaranteed and risks free, for the purpose of funding an identified goal or objective.  Term life insurance is what most people think of when they think of life insurance.  Term life insurance provides a guarantee of a pool of money for a specific number of years, at a guaranteed (never to increase) annual cost, as long as the premiums are paid; usually for 10, 15, 20 or 30 years. The expectation is that at the end of the term, the protection will no longer be necessary, and the policy may be allowed to lapse (you may lapse a term policy at any time by ceasing to pay for it).

Replacement of Income
We use term insurance frequently to provide for replacement of income to a family who is dependent on a “breadwinner’s” income for living expenses, college funding, retirement funding etc.  If we plan correctly, we will accumulate assets during the earning years such that at retirement, the client will be able to produce his or her own income from assets when there is no longer income from employment.  Term life insurance guarantees that the “gap” between today and retirement will be filled if income ceases due to death of the income earner prior to fulfillment of planning.  The downside says Richard Cayne at Meyer International Ltd based in Bangkok Thailand is that Term life insurance is inexpensive, has no internal cash value, and may be exchanged for other types of life insurance which do.

Planning for Certainties in Life
The other most often used type of life insurance is Universal Life.  Universal Life is permanent death benefit life insurance. Universal Life has myriad applications in financial planning, as the death benefit cannot be outlived. Using this financial leverage usually makes fiscal sense when there is a need to create permanent liquidity. Many of my clients use Universal Life to create an estate or to protect an estate.  In case you don’t think you have an estate; you do.  Your estate is all of your “things”, including your financial assets, property, hard assets like art, sculpture and collectibles, your furniture, cars etc… All of it.  Death eventually produces financial liability to the beneficiaries, one way or the other.  Even small estates have expenses, and providing for the extinguishing of these expenses helps to ensure order and facilitate the completion of your plans and aspirations for your beneficiaries.

Richard Cayne Meyer Asset management Ltd having lived in Tokyo Japan for over 15 years can certainly say that Japanese  like other nationalities with larger estates can be devastated by taxes and expenses if advance planning is not good, and I don’t know a single case where the client found it preferable to force the sale of estate assets to pay taxes and expenses rather than have the expenses paid from the proceeds of a life insurance policy which bought those dollars at a deep discount; often a fraction on the dollar. I’m safe in saying that everybody understands that they will have to pay for these inevitable expenses with discounted dollars as opposed to paying for them dollar for dollar.  Some clients want to leave a financial legacy to children, grandchildren, or a charity.  Universal Life allows them to leave a guaranteed, tax free financial legacy which was secured at a deep discount.  Richard Cayne having consulted on many larger Japanese estates says Japanese like other nationalities particularly Asian ones do not like talking about death although inevitable but planning for this earlier rather than later will ensure that your wealth can be passed on in the most cost efficient manner to those you care about.

Richard Cayne is Managing Director of the Meyer Group of companies and based in Bangkok Thailand at Meyer International Ltd.  The Meyer Group has ties with over 200 global financial institutions and is part of Asia Wealth Group Holdings a UK Listed company.

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Significance of Asset Allocation by Richard Cayne Meyer International Ltd

In the opinion of Richard Cayne at Meyer International Ltd in Bangkok Thailand, the right asset allocation is the key to a portfolio which outperforms. Asset allocation lets you spread your investment into different asset classes and therefore helps in reducing the risk of the portfolio. Asset allocation is not only about choosing investments in different asset classes but also those that are in different geographical regions.

In fact, the concept of asset allocation emerged with the fact that every investment has a different kind of cycle and associated risks and therefore, investing in different securities will not only reduce the risk but will also increase the opportunities of profit for an investor.

According to Richard Cayne Meyer Asset Management Ltd in Thailand, deciding an asset allocation strategy is a very crucial and important decision for every investor. The right kind of asset allocation strategy will help you balance reduce the risks in your portfolio. During asset allocation, the investor needs to allocate his assets into different asset classes. Some of the most common but important asset classes include stocks, bonds and alternative investments such as hedge funds. Each asset class contains its own advantages. For example, stocks are often considered as the investments that can bring maximum profit to the investors but at the same time has highest volatility and downside risk as well.

An experienced investor knows that information is key to being able to make calculated decisions and financial consultancy firms can be a wealth of information to them. For less experienced investors a financial advisor can help the individual in choosing the right kind of allocation for his assets as well as helping to define the investor’s goals. Contacting a financial consultant is advantageous because he takes complete care of the investor’s portfolio by checking the investor’s risk tolerance level, investment capacity and by choosing the appropriate asset classes for an investor. An experienced and accomplished financial advisor very well understands that every investor expects profit within a certain time frame and so a proper investment strategy should be planned along with an asset allocation strategy. One of the most important tasks for financial advisors is that they help the investors in building a balance between the involved risks and expected profit returns.

Richard Cayne Meyer International in Thailand says that the situation and capacity of every individual investor is different from others and therefore, a different financial investment strategy having its own defined asset allocation strategy may be need.  Markets and asset classes do not move in tandem, what’s hot today may be cold tomorrow. Spreading your investment dollars among different types of asset classes and markets; stocks and bonds, domestic and foreign markets lets you position yourself to seize opportunities as the performance cycle shifts from one market or asset class to another.

Richard Cayne having lived in Tokyo Japan for over 15 years and at Meyer Asset Management Ltd has ties with over 200 global financial services firms. Richard is Managing Director of Meyer International Ltd based in Bangkok Thailand and is the Asian based marketing arm for the Meyer Group which is owned by Asia Wealth Group Holdings Ltd listed in London UK.

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Tuesday, 28 August 2012

Financial Freedom - A Happier Life Richard Cayne Meyer International Ltd

It is no secret that saving money is essential for a happy and prosperous life. In such a catastrophic and vulnerable global economy where anything can happen anytime and the prices of basic needs are rocketing high every day, all of us need to save some amount of money as per our ability, suggests Richard Cayne at Meyer International Ltd in Bangkok Thailand. Saving money is a store of value for the times when we need to exchange that value for other goods or services.  We must ensure that we are getting the best store of value in our savings or investments by looking at how they will grow our value in line with the global growth and inflation trends and any extra value creation over and above this is the real return.

Reduces Stress and Live a Happier Life

According to Richard Cayne Meyer Asset Management Ltd in Thailand, most of our stress problems arise from financial worries. Therefore, one way if we wish to reduce our stress, is that we ought to save money whenever possible.  Knowing that you are financially secure or at least have a plan and a path to take so that you will be one day in a financially secure state can bring great peace of mind and comfort to individuals.  According to statistics over 50% of people anxiety and worries derive from financial insecurity in one form or another.  Therefore at the very least create a plan to word towards being financially secure.

Richard Cayne Meyer Asset Management Ltd and having lived in Tokyo Japan for over fifteen years can say that Japanese who are thought to be amongst the most conservative and pragmatic people are not that conservative when it comes to their own financial security in the sense that most do not have a proper financial plan nor do they know how they will be financially secure one day. Most Japanese still believe their company or their government pension scheme will be a backstop for them and take care of them.  However Richard Cayne at Meyer makes it a point to explain how company lifetime employments has changed and is no longer the case as is the financial stability of the Japanese pension system.  Richard advocates that if Japanese want to truly be conservative and plan for their own financial security in a responsible way they would be advised to get planning sooner.  Japanese aren’t the only ones who don’t plan as well as they should though and we should all make it our business to be responsible to ourselves and our families to ensure we are on the right path to financial security so we can all rest easy.

According to Richard Cayne Meyer International in Bangkok, we can all lead healthier and happier lives by doing forward planning and putting a plan of action in place of how we intend to be financially secure or to grow and protect our store of value.  We should share this plan with our family members so that they too can take comfort in knowing how the family can send little Johnny and siblings through schooling, buy that house they have always wanted or plan for their retirement or any other important life events.

With the price of commodities and good seeming to continually escalate its is ever important to keep pace with this inflation rate which arguably is approximately 3-4% per year.  So every year your portfolio earns 1% means that the real earning or store of value in your portfolio had just eroded by 2-3%.  This is an unsettling feeling and applies to everyone both to those who are building their financial security and those who are there many times over.  Nobody is immune to this and in fact those with vast sums of money gives them even greater stress as they don’t want to see their billions erode to a store of value in the millions.

Wealthy individuals and families do understand the need to plan to protect and preserve their wealth and therefore even if your goals may differ you should be planning too.  If you have a plan of action to preserve and grow your wealth you will have one less worry in life. So get planning and sleep well.Richard Cayne is Managing Director of the Meyer Group of companies.  He is based in Bangkok Thailand and has been involved in financial services for over 17 years in Asia. The Meyer Group is wholly owned by Asia Wealth Group Holdings Ltd a London, UK listed company.

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