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UFO UNDERSTAND HOW TO PLACE CHILCA

see friends I'm here to tell other UFO mystery that both have been around, now this issue is seen through the lens, hidden military information by so-called developed countries we dictate the views of the subject and tell us how we should think about it full of secrets and mysteries and truths, where we all know and have little ...

however I think that here in South America as a continent we must look for a moment to our cultures ... where he had a relationship with the stars, an Andean cosmovicion a relationship with the star was now inherited by the Andean peoples and today should not be forgotten.

today the Andean people in Peru and I have had the opportunity to visit here in Tacna know that their ancestors worshiped the stars and that their knowledge is inherited from them and therefore there is an interpretation of the extraterrestrial phenomenon as Andean popular religion and for them there is nothing new ... a grandparent of the people who visit awhile ago told me "the star walk" and I understood that he was always so.

So we must reorient our view of the subject and understand this phenomenon from a different perspective to have that opportunity opening nuetras minds even new knowledge and open our hearts to a more genuine humanity.

Brk Fire Alarm Chirping

HOME. Jazztel offers calls from your mobile to 5 cents per minute.

Hi all,

One of the areas where we have more opportunities for consumer choice, is the mobile . There are enough alternative operators offering all services at really competitive prices, in some cases.

One such alternative operators is JAZZTEL . With nearly 1,000,000 customers, primarily ADSL, for months, is the alternative operator captures more customers, quarter after quarter, the quality of service provided and very interesting prices offered by numerous services.

From not long ago and under the Orange network coverage offers wireless service through what he calls JAZZMÓVIL . And does it really competitive prices. offers calls from your mobile to any other operator of fixed or mobile telephone, 24 hours a day, 5 cents per minute . The price of connection charge is 15 cents , like any other operator, and the message cost is 10 cents. A previous prices, should add 18% VAT.

There commitment to remain one, unless you want to receive a free mobile phone, in which case the stay is 12 months.

The minimum monthly consumption is 3 euros, plus VAT.

All this is for portability from other operators, under contract and only to receive voice service, not data.

Entering www.elmovildejazztel.com can be received at the time a sales call at the phone number you want, getting all the information.

I hope it is of interest.

Regards,

joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.om

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UFO ORBS

PHOTO-PERU CHILCA ACHIEVED IN MARCH 1989

friends here I share this story lived on March 26, 1989 in Chilca 40 recognized journalists from media .... the 5th meeting was announced by the Rama group wherein the media invited to witness a sighting scheduled ... the following year 1990 in November and from Spain, terminating the mission was Rama as an organization and the beginning of the mission por la humanidad sin nombres, ni etiquetas, ni organizaciones, ni estructuras.

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TRAINING AND EMPLOYMENT. On 9 May is celebrated the next PINK SLIP PARTY.

Hello everyone,

again and to the manifest inability of public officials to propose solutions to the unemployment problem (see the latest EPA data: almost 5,000,000 unemployed, 45% youth unemployment and almost 1,400,000 households where all members are unemployed), it is more necessary than ever to search for employment by the unemployed, without expecting anything at all of any responsible public official.

past year in Spain, the movement known as PINK SLIP PARTY, heads the search for employment.

On 9 May at 19.00 pm in the Center www.utopicus.es in Jerónima Conception Street, 22 (Metro Tirso de Molina), in Madrid, held the next meeting and may consult Www.pinkslipparty.es , every detail of it.

Those seeking employment, attending this event. Admission is free.

From here, my appreciation for the work of César Martínez and Enrique Brito , the two people who manage and organize, unselfishly, every month a new call for the PINK SLIP PARTY.

Regards, José Antonio



joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

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RAZONES PARA CREER QUE EL NUEVO COMERCIAL DE COCA COLA ES CURSI

Based on a study of Anticursi Manual.
Children singing and gesturing to the cheek cramps are corny.
Professor guitar playing sport shirt is corny.

"For every battle tank manufactured in the world, manufactured 131 000 stuffed animals." is a horror, a waste of money and is corny.

"For every stock exchange plummets, there are 10 versions of Wonderful World." is a celebration of plagiarism and lack of creativity, and is corny.

"For every wall there, put 200 000 rugs of Welcome." A wall is worth more than 20 000 home carpet lining package: cheesy.

For Every gun that is sold worldwide, 20 000 people share a Coca Cola. " is a brutal demonstration of escalating cruelty of capitalism, a promotion of unhealthy drinks and diabetes, and is corny.

Small Tİts Lolİtas

BAG. Why am I bought shares in Telefonica?.

Good

all once again.

Not long ago mentioned what to me should be the RULES TO INVEST IN STOCK , thinking about the medium to long term . Referred to the advisability of investing only in "high-quality companies " with an "unreasonably low prices" and "attractive dividend maintained over time."

A little less time writing about the value I give to bearing accounts, explaining that for me were the ideal product to have the money in both as we did not find any investment that we might look interesting . To do this we must find an interest-bearing account that at least offers us return, after taxes, which marked the consumer price index, known as IPC, whose last data for the month of March this year was 3.6% and also offers the possibility of having our money when we wanted. Thus, our money would never lose purchasing power.

my investment preference has always been the stock market and, in particular the large values \u200b\u200b with good dividends , and a solvency rather than proven. Neither do I understand futures, options or understand, or understand the warrants, CFDs or understand, or understand binary option in some media that advertise on line with 70% returns in a ...... hours, or understand all of these products, which "experts" called derivatives, the result of financial engineering that so often are sold with all kinds of benefits by intermediaries financial risk without adequately explaining that many investors assume when working with these products. Until today, I focused on what is called the market spot, which is nothing other than to buy and sell shares in the English market.

This time, I've noticed TELEPHONE.

TELEFÓNICA What I see as an investment in the medium to long term?.

First, a great company, very reliable, trouble-free finance on international markets, with an earning capacity take into account too, assumable debt levels and a high credibility institutional investors, who ultimately are the ones who move the market. La Caixa and BBVA with more than 5% each, are its two major shareholders, followed by the Blackrock fund, with almost 4% of the capital.

Second, the excellent geographic diversification of its business , with increasingly less exposure to the English market and a growing presence in two of the major emerging countries such as Brazil (with a stake in Vivo, the largest Brazilian mobile operator) and China (with a share will reach 9.7% in China Unicom, one of the major operators in the Chinese market) .

And here I make a clarification. Those not in favor of buying phones, I argue alluding to the maturity of their business to the limited capacity for growth that this company is in Spain. And, in my view, is true. enough to see the latest data published by the Telecommunications Market Commission for Telefonica in Spain and increasingly losing customers has less market share. But it is true, and this is what I want to insist, that the income of Telefonica in Spain do not reach one third of the total, ie more than two thirds of its income comes from outside Spain, mainly in Latin America.

To me, that ability to grow its business outside Spain, more than offset the continued loss of business in Spain, which is ongoing and will be lasting. 's big bet on Brazil and the close collaboration with one of the largest telephone operators in China, in the medium to long term, it should bring significant benefits.

Today, is in these countries where the high economic growth and where it is generating a large middle class that does not take much, it will be a major consumer of all types of products, including fixed telephony Mobile and Internet . Those who are well positioned in these markets and PHONE so, are those which carry much of the business.

Third, Telefonica has an incredible dividend that concrete commitment repeatedly reiterated by the company pay 1.60 euros and 1.75 euros in 2011 at least in 2012 and beyond . The dividend payment is the strongest commitment a company can take to their shareholders and, if we are talking about seems to be a reality to maintain that dividend in future years . Without going far, the May 6th pay $ 0.75 per share. Buy

TELEPHONE actions, at a price close at 17.5 euros, represents a dividend yield of 10%. I know many investment alternatives that offer similar performance.

addition, the amount to be charged for the payment of these dividends is tax exempt , to the figure of 1,500 per year per taxpayer, provided that it meets the requirements set out in Article 7) of Law 35/2006, December 28, bringing the net rentabilidd obtained after taxes, in this case coincides with the gross profitability of the operation, before taxes.

But INVESTMENT IN BAG HAS ITS RISKS , much higher than in other types of investments and this should be taken into account when making a decision. The stock market declines are a factor to be considered and, in some cases can be very pronounced and lasting in time. If not assumed the risk, DO NOT invest in stock. If you are not able to take the stock price falls, DO NOT invest ever bag. It's that simple.

While the share price of phones can fall , something made possible by the very nature of business, if purchased at a good price, I think investing in such securities with a view medium to long term survival and financial health as they are more than insured, with a high dividend yields and clear commitment by the company to keep those dividends in time, means taking a risk which in my view, is more likely to finish by more joys that concerns investors who are patient enough to let time pass and wait for the exchange itself to recognize these companies that have real value, which in my opinion, well above the current price.

As an investment that guarantees a regular flow of capital in the form of semi-annual dividend (one to charge in May and other receivables in November each year, accounting for nearly 90% of the benefit obtained), accompanied by a probability Revaluation real medium to long term for her extraordinary internationalization, especially in Brazil and China, I think is a great investment opportunity, with a view to two / three years.

A greeting to all

José Antonio

joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

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DEBT. More Catalan bonds and new bonds of Madrid.

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TRAINING AND EMPLOYMENT: April 11 is celebrated the next PINK SLIP PARTY. BOOKS

all again,

Again and Enrique Brito César Martínez Dalmau , organize another Pink Slip Party. On this occasion, the event will be held on Monday April 11 19:00 In Madrid, at the School of Business CESMA in Paseo de La Habana, number 43.

For this new edition will Marta Romo, executive coach, consultant, writer and social policy BE UP, who gives a lecture with the title "Draw your way in the job search your personal strategic plan."

I suggest a visit to your interesting blog about people and organizations.

If you are looking for a job or know someone in that situation, make every effort to attend this event is free and open access for anyone . If you are an employer or employer and is need to fill vacancies free of charge can go this event is sure to know several people who have the professional profile that might interest you.

A greeting to all, and my special thanks to Cesar and Enrique, for taking the time for others without receiving anything material in return. Convoquéis Whenever a new Pink Slip Party, this The advertised humble blog.

José Antonio,

joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

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. "The Millionaire lazy" and "The art of always being on vacation."

all,

I will mention to the interesting ideas contained in a joint publication of two books stimulants: "The Millionaire lazy" and "The art of always being on vacation." The author is the Canadian and was Marc Fisher edited by editorial Amat. has 223 pages and the purchase price of 19.50 euros.

The author begins with a very basic means any person who comes to managing your money, you should aim to ensure a high level freedom and economic independence . What we all do with our money is ACQUIRE ASSETS generate passive income, ie income-generating assets without our active work. When we reach a level sufficient passive income to cover our expenditure level, then and only then, we achieved the desired freedom and economic independence.

mentions the concept of DIFFERENTIAL , and it gives several examples. In one of them refers to the case of a person who has a small apartment with monthly fixed costs 200 euros. That means that every month the apartment owner "loses" money. However, if you rent an apartment and a tenant who enters assumes these costs, in addition to paying the monthly rent of 500 euros, really, the difference in a situation to another are not those 500 euros, but the 700 resulting from not taking the monthly fixed costs and also receive monthly income for rent. This is the correct way of assessing what is perceived or what is lost in each investment made.

To achieve freedom and financial independence is important MAKE REFERENCE TO OTHER PEOPLE WHO HAVE ALREADY ACHIEVED ABOVE. Observing how others have achieved what we wanted to do, we can see what steps can be taken. In short, we take advantage of the experience of others in financial matters and follow their example.

ECONOMIC OBJECTIVE The we considered - the amount of money to be able to generate income liabilities gives us the freedom and economic independence that we seek - BESIDES BEING REALISTIC AND REFLECTED IN WRITING must have a specific figure AND CONCRETE WITHIN their achievement. It makes no sense that we set ourselves the objective to get excessive amounts of money in short periods of time, but it would make sense, objective look "reasonable" terms "reasonable" time. Setting a specific time frame and reasonable, we are forced to do all those actions necessary to achieve our goal. Thus, even if unsuccessful, it is quite likely that we approach it.

We have concerns, desire to learn continuously, we have that spirit of personal need to grow every day , that the Orientals called KAIZEN . We go slowly, piecemeal, without abandoning everything from night to morning to start our new business. We can start at times, doing for ourselves what we do for the company in which we work.

We must apply the law of least effort , which is not doing nothing but do everything we can but focus on those most profitable. If we have a business and it is that 80 100 of our business is generated by the 20 100 of our customers, all our efforts should focus on the 20 by 100. To do otherwise, would focus on customers who generate low returns and, perhaps, too much work. The effort is made should be addressed to maximize the profitability to be achieved.

the author speaks of the LAW OF PARKINSON , understood as that under which "all work expands to fill the time available to run" . If we deliver a project in 10 days, more often these days is that deplete 10, where if we plantificásemos well, perhaps this project could have the same quality in 7 days, spending the other 3 to other types of activities, in turn, could give us an additional cost. If we input to exhaust the 10 days, the exhausted, if not necessarily have to be.

The author attaches great importance to PURCHASE PRICE, both of goods and services we consume, as assets in which we invest. The purchase price must be the lowest: " vaya de compras para conseguir descuentos a largo plazo, no para endeudarse y empobrecerse " , es una de las frases mencionadas en el libro.

Hay que PERSEGUIR LOS PEQUEÑOS GASTOS INVISIBLES y no caer en el error en que cae todo el mundo de gastar más a medida que gana más. El juego del dinero tiene dos opciones: la defensa y el ataque. Se defiende cuando se ahorra, cuando se vive por debajo de nuestras posibilidades y, se ataca, cuando ese ahorro se invierte. Cada dólar ahorrado e invertido es una unidad de libertad e independencia económica y, ese y no otro, debe ser nuestro objetivo to achieve. We

pay us ourselves first, he says, to emphasize the need to save as an obligation, and not by choice , and invest those savings, to achieve profitability. 15% of monthly salary, it seems a reasonable figure to save and invest.

REDUCE YOUR TAX BILL: "tax money is money saved is easy to achieve." Make every effort to pay the less taxes the better. Of course, within the law.

If employer, surrounding yourself with people MORE COMPETENT YOU and delegate . Your business will grow.

THINK ABOUT REGULARLY GET MORE PROFIT TO YOUR BUSINESS . Referred to a quote from Rockelfeller, the great American tycoon, when one day he addressed his employees in the following terms: " Instead of working, unfasten your tie, put his feet on the table and ask yourself how could to earn more money to the company. " For the author, it is necessary to rethink how to improve your business regularly. FOR LIVING WELL, THINK WELL YOU SHOULD .

NOT MAKE YOUR PURCHASING POWER IS BECOMING MORE POWER TO FURTHER indebted and impoverished. No further into debt or spend more because they earn much more money. Save it, invest it, do not give the immediate gratification of spending and consumerism. Before you buy anything parese to think "Do I really need?, Do I really need now?, Do I have the means?". Save and invest accumulating economic freedom and independence for the future.

Work smart AND PAY AND GET IT, this is the final message of the author.

A highly readable book that encourages you to make a better management of our money and I recommend that you read. Worthwhile.

Regards, José Antonio



joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

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TRAINING AND EMPLOYMENT. If seeking employment, go to the next PINK SLIP PARTY. BASIC IDEAS

Hi all, once more.

On Monday March 7th I had the opportunity to attend the call number 10 of the movement little known in Spain, which is called Pink Slip Party .

When in 2000 came the dot-com crisis, many of the workers who became unemployed then began an active search work on their own, without waiting for them to reach the job, that at one point became known under the name above .

Originating in the United States for some time Dalmau César Martínez and Enrique Brito are organizing in Spain continued calls for this exciting event. Go from my most sincere congratulations for taking the time, so selfless and without charging a euro, to efficient organizing these events. Work so hard, they put a lot of desire and of course each new call for the Pink Slip Party is a new success that surpasses the previous one, asisencia of heavily from employment and, more importantly, assistance of recruitment agencies.

The operation of the Pink Slip Party is simple: employment recruiters and job seekers meet in a place where so relaxed chat and exchange views to see to what extent the profile Every unemployed corresponds with the job offered to cover the employment recruiter.

the beginning of each event is a small conference on a topic related to active job search. Following that conference, each employment recruiter gets up and goes to job seekers who tells them, generically, what jobs have or training courses offered. Once all employment recruiters have explained what they offer, attendees are directed to the recruiter whose job or training course could be interested by exchanging information in order to be able to cover the job or take the course they offer. These recruiters will be established to provide information on tables expressly authorized purpose.

The employment recruiters are varied : companies that offer jobs in financial counseling, training and post-paid internships waiter, free training courses for women, bags of employment training centers jobs computer, etc. The important thing is that many job recruiters go to the event with firm offers of employment.

not remember which, but one of the recruiters present at the event last Monday, March 7 and was the event with 10 jobs, which need to cover.

The assistance to these events is free , the centers or companies which hosts do not charge for giving a single euro facilities for them and who attend lecture do as well for free. There is no profit, the only spirit that there is to do everything possible to place those still unemployed get a clear interest in returning to work.

This time, I had the luxury of listening to Maria Luisa Moreno, coach, consultant firms in human resources and creating this wonderful website called http://www.zumodeempleo. com / , I advise that you read carefully .

De Maria Luisa conference, drew my attention to the initial approach : NO JOB FOR LIFE. This idea so ingrained in previous generations started working in a company and retire in the same, today is dead, it makes no sense. The safe and steady job for life there.

I found it very successful use of a simple and understandable language for all the world to use throughout his speech. Was direct and concise and above all made a clear call to all attendees, CURRAN, to work actively job search. You have to go for the job and not wait until you come to the job offer. Who do not understand this is in the wrong way.

I liked the idea that each worker conceive himself as SELF. As the self are constantly looking for customers for your business, the unemployed are continuously looking smart these same customers, which are not others who can give them a job.

I liked that the previously set and then define STRATEGY TACTICS . If a is clear where you're going, what is your goal (STRATEGY), is in a position to know what to do to get it (tactical). If we are not objective, never succeed.

I thought that was interesting reflection on the need to dedicate yourself to what you're passionate about and that is capable of solving the problems of others . When one is able to engage in activity that is passionate and is also able, through the development of this activity, to provide solutions to problems others have, is on track to be a professional you do not miss work.

conclusion, as a fundamental idea of \u200b\u200bthe conference: BE Curran. TO LOOK FOR WORK ACTIVE , we can not be at home waiting for the call from the INEM features the work of our lives, especially since according to official statistics, only 3% of the jobs that the unemployed get formalized through the public body, something that should make us think more than a waste of money and human resources is to maintain the INEM with the current operating model.

Those seeking employment should go to all calls the Pink Slip Party, which currently only held in Madrid, but that soon will make more cities of Spain.

The schedule for subsequent calls, you can meet through its website http://www.pinkslipparty.es/ .

A leisurely visit to the website of Maria Luisa Moreno, http://www.zumodeempleo.com/ and attend the lectures delivered in the future can be very useful in the future to adequately prepare to find employment.

ye For those looking for work, courage, largely depends on you.

Regards,

José Antonio

joseamoraleslopez@gmail.com

joseamoraleslopez@hotmail.com

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. New Rumasa promissory notes and its "peculiarities." PRIVATE DEBT

Hello again everyone,

The last October 23, 2010, made an entry where I wanted to highlight the importance for any investment must have what is called the triangle investor, ie profitability, risk and liquidity of the same . In the tenth paragraph of the entry contained the following:

"When you read in the press, a well known brand toy , will offer 9.75% for obligations of the company three years or, when one sees on television that a group known food, offers 10% return on an issue of promissory notes to two years, must take into account the risk-reward ratio is very clear. can earn much more because you assume more risk. It's that simple. "

Well, I did not want to be prudent refer clearly to what I was referring to two companies , was not to stigmatize same merit. Today, when in fact seem to confirm my suspicion last, I can clarify that when I referred to a "known food processing company, was referring to New Rumasa , and when referred to a" well-known brand toy ", was referring to Zinkia , publicly traded company that markets the doll called Pocoyo.

Unfortunately for their interests covered a percentage Zinkia ridicule of that "wonderful" issue bonds to 9.75% and it seems, from what I read recently in the financial press, which has serious problems in obtaining bank loans , being necessary to the grant is offered as guarantees the company's own shares. Watch out if someone has thought of buying shares of this company is far less in the better financial times.

In New Rumasa and their "wonderful" notes, try to give my humble and constructive feedback.

The offering PERFORMANCE subsequent bond issues that are advertised so much joy in various media, were from 8% to 12% . In principle, an extremely attractive return and, in my view, extremely little explanation.

Any fairly prudent and wise investor should be wary of a society that makes such returns when the official rate of money are about 1% in the euro zone, where companies in the financial soundness of Banco Santander or Telefonica, no need to pay more than 4% for its subordinated debt issues in the case of Banco Santander and promissory notes, in the case of Telefónica. It is still very striking, and very suspect, New Rumasa had to pay three times of that interest to be funded.

The higher return is only offered as an explanation, the increased risk or lower solvency of the issuer of the notes. When not enough credit is given, the only way to get money is to offer investors higher yields to offset the higher investment risk assumed.

just want to remember that when 10-year Greek bonds, or their Irish counterparts, exceeded profitability of 7.5%, these countries had to intervene because it was considered that this cost of finance was unaffordable to those States . It hardly seems reasonable to think that if for any two sovereign States of financing cost of 7.5% was unaffordable for a company like New Rumasa, feasible, credible and financially viable financing assume a cost of up to 12 %.

With all due respect and no offense to anyone the profitability of up to 12% is typical of a junk bond rather than an investment that ensures a reasonable return , guarantees can recover invested capital, which incidentally, is what any investor should aim average, between myself included.

If we add the illiquidity ABSOLUTE of New Rumasa notes, anyone with a bit of financial literacy means that you one euro buying these notes.

The failure to sell the notes in the secondary market because they were not admitted to the official one, means that investors now are tied hand and foot, caught in an investment that can not out, which can not discard.

Nobody should put their money in a investment that puts serious obstacles to get out of it, since it is too costly to assume that very few people can take.

Finally, as to RISK investment, whether the current pre-contest phase, ending in bankruptcy proceedings, the priority for the recovery of various loans, is not more favorable to the interests of the holders of the notes.

have priority to collect the amounts invested those who had attended a issuance of notes to count with a "security interest" (called, special privileged creditors) that would ensure the return on investment, something that does occurred in the third issue of New Rumasa notes, offering a yield of 8%.

In the disclosure of the issue, made explicit references to the existence of a "collateral notary", consisting of stocks sherry brandy brand "Conde de Jerez", worth 1,200 million euros.

I doubt very much that buyers of such notes actually knew that the security of their money was basically brandy barrels content oak. I can hardly believe that anyone can put their money in a guaranteed investment for brandy in oak barrels. Just knowing that fact, would be understandable if the purchase of such notes.

The big problem with these stocks, apart from whether or not real, the weight given to them is that they are very difficult to control, so that if for any reason disappear, investors will have collection privilege to be unsecured creditors, clearly hindering his chances of recovery.

This character of unsecured creditors, is that investors have unsecured notes, which means be charged after you have made general priority creditors (see Finance or Social Security) and special preferential creditors, such as those mentioned above.

In late 2010 and early 2011, and Dhul Clesa announced the issuance of capital increases to those shares could go subscribing minimum of 50,000 euros, receiving an annual interest of 10%. Customers went to these capital and today have a shareholder, are those in the worst position possible, ie shall be last in charge.

I fear that all these "inconveniences" little or nothing was explained to those who in good faith and possibly without all the necessary information, signed promissory notes New Rumasa. Again, financial ignorance will mean that around about 5,000 investors lost much of their money in an investment anything liquid, with significant risks and that no one should have gone.

Regards, and all the luck in the world for those involved in the issue. José Antonio



"

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Under the sin of being too obvious, Anticursi Manual states:

"The day of San Valentin / 14 February / Valentine's Day is definitely cheesy.

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. What will your bank will not preference shares.

Good

all once again.

Now that English banks have a need to capture maximum period of funding, it seems that again captiously comercilizarse-called "preferred." captiously I say, because of "preferential" is completely misleading and, I fear, very little explained when some "expert" business of any bank tries to sell us the wonders of this product.

first thing that catches the attention of this product is its banking attractive returns. Find returns close to 9% is not difficult. I do not think that explain when offered to buy this "wonderful" product is that this return is fictitious, not real , as the issuing bank has the power to pay or not pay such interest, with absolute discretion. As heard. The authority may cancel the promised interest payments if you understand your financial situation and solvency so dictates. Is not precise and prove a loss situation, enough to understand that the situation of the entity at the time advised not to pay the interest promised.

preferred shares have no fixed maturity, not never expire, are issued in perpetuity. There is no time limit after which it can recover the amount invested for as are issued in perpetuity, in principle in perpetuity is in possession of such preference shares. When an investor wants to recover the amount invested, you must go to a secondary market with little liquidity. This, in practice, is quite similar to the absolute illiquidity.

If the issuer pays for previous issues of preference shares it always does at very favorable to their interests, earning large amounts of money they have counterpart substantial losses for investors. And it does at very favorable to their interests because it allows low market liquidity that comes to buy back those shares.

this has nothing to do with a bank deposit product, although more than a bank employee assimilating a product try to convince the other . In a bank deposit the Deposit Guarantee Fund exercises a safeguard, ensuring a minimum amount of investment in case of bankruptcy of the bank. In preferred shares no such degree of protection or coverage. If an investor has the bad fortune of owning preference shares of a bank to bankruptcy, to recover the amount invested would be located behind the common and subordinated creditors , being only ahead of ordinary shares and voting shares, in the case of banks savings.

In short, there or statutory protection afforded to bank deposits, or understandably informs us that in case of bankruptcy of the entity that sold the shares preferntes us, we would forward to many other creditors who would receive money from their investment long before the shareholders TES preferences.

incomprehensible thing is that this banking product is perfectly legal and regulated and protected by banking regulations adopted in Basel III.

For me, it is not just a product tremendously advantageous for banks and, therefore, extremely unfavorable for investors . If payment or payment of interest is decided at the discretion of the issuing bank, if the product is almost zero liquidity and, ultimately, investment security leaves much to be desired, not find many reasons for any sensible person when it comes to managing your money get a single euro on such preferred stock.

seems obvious that all the risks and disadvantages of the product is transferred to the investor , banks not assuming any risk comercilizar when that product, when they get the funding change they need to strengthen its solvency ratios and compliance with minimum cost requirements set out in the regulations adopted in Basel III.

A greeting to all

José Antonio

joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

Cold Sore Sore Throat And Esophagus

HOME. Civic Bank subsidizes 10% of our major bills.

Good afternoon, all

After rising gas light and recently passed, and with the conviction of knowing that as much this summer will be another similar rise, it seems advisable to see how to reduce the bill for such basic supplies.

The next January 31, 2011 ending a very interesting Promoting Civic Banking (union of Caja Navarra, Cajasol, Caja Burgos and Caja Canarias) that bonuses for a year with 10% the amount of debits for electricity, gas, telephone fixed, mobile and internet. Specifically, Caja Navarra telephone support is excellent, clarifying any questions that you raised.

The maximum monthly that credit is 20 euros . Average monthly spend over 200 euros in the supplies do not seem too difficult, it seems reasonable think that it is very difficult to receive every month the amount of 20 euros, ie 240 euros per year.

The bonus amount is considered income from capital , a withholding tax of 19%.

This promotion is only available through internet , unable to hire any of the offices of the entities that comprise Civic Banking.

contract does not require cards, or any other associated product, even payroll. NOT A PAYROLL ACCOUNT simply is opening a bank account to establish themselves and receipts provided day 5 of month is payable on 10% of them. Just over a year since the first debit.

This account has no fee, no maintenance or any associated expenses.

No permanent commitment , anytime you get the clearance of bills to another entity and have no penalty.

is clear that 20 per month should not condition our situation too financial, but it is also true that there are not many arguments to say no to a reduction of 10% in a series of bills that we all have to pay monthly, especially if there is no type of permanence.

A greeting to all

José Antonio

joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

Led Belt Buckle Review

RETIREMENT. What to do as a country, once identified the problem. Part III.

Hello, again.

Having taken the need for reform the current pension system in what direction these reforms can go?, what countries we can look, how these reforms have been made in other countries?.

I will mention what has been done in three countries with three different models : Chile, Sweden and Germany.

A) The pension system CHILE was introduced in 1981 and is referred to funded systems. is based on compulsory contributions from employees, not the self who deposited personal accounts 10% of their wages . That money is managed by private companies, called Pension Fund Administrators (AFP).

Each worker freely chooses the AFP and the background in which you want to invest your money , five alternatives, depending on their degree of risk aversion: there are funds that invest primarily in fixed income , others do mostly in equities, others invest in both markets, etc.

does invest the money saved in each account for each worker, he and he alone decides. logically instruments with fixed or variable where it invests, are already authorized and overseen by regulators.

The Pension Fund Administrators and funds materialize where inverisones, are separate entities. If the AFP bankrupt the fund transferred to another company.

The State plays a subsidiary role only auditor and simply monitors and oversees the AFP and guarantees the pensions of those who do not accumulate enough savings to ensure a minimum standard of living.

This system has made Chile's savings rate is over 20% of GDP, and have expanded the capital market more than any other Latin American country due to the large provision of funding it receives each year.

B) The pension system was introduced Sweden in 1994 and is a MIXED BETWEEN CAPITAL AND SYSTEM DISTRIBUTION SYSTEM (current English model) , but the delivery system even has an important compenente capitalization system. The

Swedish case seems very illustrative. Made the reform of the pension system, among many others, following the tremendous crisis that hit the country in the early 90's, something very similar to what is happening in Spain today.

Sweden started from a delivery system such as ours and replaced it with a mixed, keeping the state budget via the payment of pensions minimum old age pension and so-called guarantee, for all citizens who do not have sufficient financial means. Thus the State guarantees a minimum standard of living for all citizens.

However, any worker Swedish compulsory contribution by 16% of their salary to a Joint (in Spain, the joint contribution of employee and employer social security is around 28.3%). The Common Fund money that goes to pay current pensions, calculating the amount of the pension based on what each employee has contributed to throughout their working lives , not like in Spain, where the calculation is priced based on what the last 15 years.

also pensions are variable, not fixed and Spain, where independent health pension system financially, every pensioner continues to receive the same monthly amount as a pension. In Sweden, Sweden payments are adjusted annually on the financial situation of the system.

If a deficit in the fund which pays pensions automatically corrected by cutting the amount payable to each pensioner , something unthinkable until now in Spain. What is not allowed under any circumstances, a deficit is that the system is covered through the State Budget, that is, increasing government spending or raising tax pressure, or will cover the deficit by increasing the rate of contribution to active workers, because this would entail expensive labor.

The pension system has to be autonomous, it must be self-financing , with current revenues of the system itself, without increasing the collection of the same with higher social contributions and without recourse to other funding sources outside the own system.

If there is a surplus in the Pension Fund, the remaining money is invested by independent funds in the securities markets, national or international , in order to capitalize and obtain profitability. The winnings are re-added to the Common Fund Thus, if there is surplus is devoted to cover pensions. As can be seen, although a distribution system, the surplus of the Fund are invested according to criteria specific to a funded system.

addition of 16% above that every worker goes to the Pension Fund, there are other additional 2.5% can invest in one of several approved private pension funds. This is the part of the capitalization is called pure and simple, where each worker's own contributions intended for one party to their own pension, deciding what type of investment you want for your own money, from among the private pension funds, and where profits or losses are assumed to be him personally.

Finally, as a third way of funding, almost all workers have funds financed by their companies with 4.5% of their salary.

In conclusion, diversify sources of funding future pension is guaranteed a minimum pension guarantees a standard of living for all citizens and, above all, it makes every employee takes responsibility for his pension, as also happens with the PSA system, without relying on future generations to enforce the payment of their pensions something that happens in Spain with the current model and that is the real underlying problem.

C) And finally, the model Germany, which is the closest to English. Is a distribution system, where current workers finance the benefits paid their dues paid to current retirees.

In Germany, keeping the model present, the most important aspect of reform has been to expand retirement age to 67 years, so gradually.

seems that the reforms implemented in Spain and which was adopted at the plenary session of Jan. 28, with or without consensus among social partners, primarily consist gradually increase the retirement age to the 67, instead of the 65 current and raise the base for calculating the pension, from contributions in the last 15 years quoted in the last 20 or 25 years.

In my opinion, are mere patches, I do not go to the bottom of the problem, which is none other than the dangerous dependence between active workers and persons receiving a pension . Or put another way, that any retiree's pension depends on contributions from active workers.

Any reform has to be done as a priority root out this "suicide" unit and make the board which is charged in the future, depends basically on the contributions that each worker has made throughout his working life . Each worker has to take responsibility for their future pension.

For this reason and because I think to go directly to a funded system, but for me is the best system is not viable in today, by a substantial amount of committed payments to current retirees, who agrees to continue entering the bulk system through the contributions of active workers to finance current pensions, clearly looking the Swedish model, with a clear funding component, both collectively and individually, but at the same time with a PAYG basis, to adjust its payments to income, without creating gaps that other generations have to bear.

I imagine that a pact state in this issue, as in many others, will be a tall order, but it would not only desirable but necessary that those who have the duty to make decisions, forget about complex mongering, prejudice ideolócios and personal and party interests and think like statesmen, in the general interest and with an eye to future generations, not in the short term, on the other hand, is all on what they think those dependent on votes of the citizens.

If you also repeal the disgraceful Pension Rules and other economic benefits in favor of the former parliamentarians , which gives them some unjustified and incomprehensible and undeserved benefits when a pension, and is an invidious clear as any other worker , we might think that in addition to defending a necessary reforms, our politicians preach by example, and their cost is borne by all and not always the same.

And if you finally did not have to witness the shameful privilege that allows ex-presidents previous governments of different parties, can reconcile the payment of public pension annuity with the payment of salaries millionaires in multinational companies, and also in exchange for being made of "lobbyists", by providing companies they work for entire network of contacts made in his last years in politics, we might have more arguments to understand the need for reform and would have raised the feeling of being the "law of the funnel." You know, "wide to narrow for me and others."

Greetings to all, and with this third installment ended my analysis on the present and future of pensions. José Antonio



joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com

Good

Melanoma Grey Horse Coth

RETIREMENT. What to do as a citizen once identified the problem. Part II.

all

few days ago I explained the factors that, in my opinion , made the reform the current pension system was a necessity that should not ignore or delay in time . However, once recognized that the current public pension system is financially viable and that future reform come, whether in the sense that it will mean a cut the amount of pension to receive in the future, it seems not only desirable but necessary, start thinking about how to generate a regular income, which partly offset the partial loss of future pension.

It is a necessity think where I can invest my money for me to generate a temporary period (monthly, quarterly, biannually, etc.) that will supplement my state pension future and allow me to at least continue to maintain my current level of life in the future. However, if important to determine where I can invest my money for the future periodic income, as important, is to be clear where it is not advisable to invest such income for , while constantly trying to convince us otherwise. And here it must be a quiet reflection of the product called pension plans, which I personally seem "inappropriate", "Little explained," and "quite mystified" by many "experts" who do not stop recommending the banking product.

Many people living market the pension plans, sees in them nothing short of salvation to the public pension system viable and, being a second, I doubt very much the former.

For me, the plans pension have enough negative, that is rarely explained in detail to those who subscribe. Without telling anybody what to do with your money, try to explain why I have not nor will I have a pension plan. I mean,

1.Siempre used the "hook" of taxation . "If you make contributions to a pension plan, you deduct much of your tax declaration and pay less taxes," they say some. That's the argument constantly used by any business of any financial institution, and that's not true. It distorts reality, once again.

When making contributions to a pension plan, is it true that you deduct these amounts on your next income tax return, but that only is deferred or postponed in time to pay taxes. There is no means to pay less taxes, simply means postponing the time when payment thereof. And this is so, because when it comes to retirement and collecting the accumulated capital in the pension plan, plus the proceeds, you must clear and pay taxes the same as earned income and is then, when the Treasury takes its share of the pie. Therefore, pay less taxes, in my view, nothing at all, and report this "nuance" to the client before engaging the pension plan, no nothing.

2. What profitability has its pension plan?. Many people do not care about how much income the pension plan. Only, he was hired to "pay less taxes." The purpose of a pension plan is not that. The aim is that the amounts contributed to the pension plan, deliver superior returns over the years and that such returns along with capital injections made, whether the public pension supplement tomorrow.

Suffice it to say that large pension plans have negative returns . According to data provided by the professionals of the management of pension plans, which can be viewed on the official website of Inverco , the average profitability of individual pension plans in the last 10 years was 0.73%. As heard. not even cover inflation. You may be losing money and you may not know. Yes, stay calm because "pay less taxes."

3. What fees charged the manager of pension plan?. neither is easy to know. Yes, the management fees they are charged either win or lose money in your pension plan. is easy for who sold the wonders of the pension plan, no "concrete" too much time talking about this "nuance."

If your pension plan loses money, you are charged for management fees, but you wonder what management has done so even losing some of its capital, has to pay this fee. Moreover, some "expert" try to console him by saying that the pension plans of other managers lose much more money than yours.

4. Did you know that the money paid into their pension plan may not save until you retire, or have the misfortune to suffer long-term unemployment or serious illness?. That means the money that you enter regularly, will not be available if he needed at any time before retirement, except in the cases mentioned above. This means, the absolute liquidity money for years and years.

see, can not find where they are the "tremendous benefit" pension plans. So, I like my future as an alternative to pensions or think there are good arguments to defend that idea. Yes, banks, once again, will continue as treasurer at the expense of lack of training of people.

But despite all we must find an alternative (ie find an investment that we generate an additional temporary income to future pension ), we will present and argue a simple investment idea , so choose the one you like, according to their ability and their degree of tolerance risk. Moreover, as surely you can think of some other much more interesting, you please send me an email and I'll read it very happy and I will reply to it.

Le expose the three alternatives, from low to high risk, in my point of view.

OPTION 1: SAVE and put your money in bank accounts and deposits.

Currently you can get around a 4% putting their money in banks adhered to Deposit Guarantee Fund without paying any commission or expenses partner, without having to hire alternative products or have any additional links with this bank, savings bank or credit union.

Enter http://www.activobank.com/ in http://www.ibanesto.com/ or http://www.tubancaja.es/ , to give three examples and see for yourself.

Pay the 19% withholding tax on account future tax declaration and may have your money whenever you want, with absolute liquidity, transferred to another entity that is expected to offer better conditions without being charged for transfers to make.

interests that will generate a simple way to look at from time to time additional income, will be money well insured through the Deposit Guarantee Fund and pay its tax declaration by 19%, when the rest of their income, usually earned income, taxed at a higher rate.

Of course, move your money, worry about it, do not settle for the first offer that you do and find the best possible return. You are able to do so, doubt. only have to spend time and watch for your money . If an "expert" gets on average 0.73% after 10 years, you and I have much to learn from and can get a return of around 4%, resulting in the worst case the least equal to inflation. Your money will not lose purchasing power and you can have it whenever you want.

ALTERNATIVE 2: Save and invest in shares.

Find the best purchase price for great values, with good dividend maintained time, they are undervalued on the stock. If the stock falls, which shares will be worth thinking about entering the medium to long term.

Reversed thinking medium to long term and does so with good dividend stocks, know that by the payment of dividends up to the amount of 1,500 euros per taxpayer, provided it meets the requirements of Article 7 paragraph and the Income Tax Law not pay taxes, pay taxes shall be exempt from income tax . For the excess taxed at 19%. Therefore, in addition to collecting these regular income, it will be taxed, at least, part of them. It seems more interesting than the truth ......¿ pension plans?.

If you are looking for larger companies in the IBEX-35, you see that you can find values \u200b\u200bwith dividend yields above 5% in Iberdrola, and even close to 9% in Telefónica . My favorites are Telefonica and Banco Santander , but not at current prices. In my humble opinion, are caras.Yo not buy now, I think you can download. Have patience and waiting. Purchase price may be very interesting, not too long.

ALTERNATIVE 3: SAVE and buy a small studio or apartment and put it on rent.

If you purchase any property, then put it on rent, taking advantage of the current price drop, and is able to find some studio or apartment at a good price , know that the performance net gain (ie, the rent he receives, less expenses incurred to make the "living floor") may be exempt from taxation or be reduced in large part, taxed only for the rest. Read the interesting entry made on 13 December, my friend D. Palomino Ricardo Alvarez, in particular the point 3 thereof.

If the rental property that generates a monthly income, which is also tax-free or reduced largely tax purposes, do not you think it a better deal than the pension interesting?. It seems so, right?.

A pleasure to write to you once again.

A greeting to all

José Antonio

joseamoraleslopez@hotmail.com

joseamoraleslopez@gmail.com