GM to Close Saturn

GM to Close Saturn

Penske Pulls Out of Deal 

Why not ask Chrysler to build the cars? (white label, outsourcing solution)
-full article

 

Small Biz Loans at Risk (CIT Bankruptcy Option)

CIT Draws Up Bankruptcy Option

 
Message to Creditors: Agree to Debt Restructuring or Take Chances in Court.
-full article

Small Biz Loans at Risk (CIT Bankruptcy Option)

CIT Draws Up Bankruptcy Option

 
Message to Creditors: Agree to Debt Restructuring or Take Chances in Court.
-full article

Key Man Insurance (Can you afford to lose...)

Key Man Insurance
Can you afford to lose your most valuable person?

 

To obtain the best coverage when purchasing a key person insurance policy, you should be mindful of common errors and misconceptions. The following details these common mistakes. Review these points carefully in order to select the ideal key man insurance policy for your company.

1. Not Considering Key Man Disability Insurance
2. Not Understanding the Financial Justification Requirements
3. Underestimating Time Needed to Obtain a Policy
4. The Beneficiary Should Not be a Bank, Investor or Lending Institution
5. Withholding Important Health and Lifestyle Details
6. Key Person Insurance Premiums are Not Tax Deductible
7. Not Selecting a Knowledgable Insurance Agent
 
full article

INVESTOR ALERT :: Portfolio Updates (Sep-Oct 2009)

Moves to Protect Your Portfolio!

 

Here are the new portfolio recommendations.  Our research and technical indicators point to a correction in the global stock markets.  After the correction (5-12% down) we expect the bullish trend to restart.

 

NOTE: With all recommendations we suggest taking "protective steps" with conditional orders.
Take Profit @ +20%
Stop Loss   @ -10%

 

Recommended Portfolio:  Sep-Oct 2009 (during correction)

 

Regular Brokerage Accounts
Balanced growth & income. Moderate Risk. Taxable.
- MARKET VECTORS ETF TR HG YLD MUN ETF (HYD)
- POWERSHARES GLOBAL ETF TRUST SOVEREIGN DEBT (PCY)

- Real Estate Short (SRS)
 
Rollover IRA
High growth. Agressive Risk. Tax Deferred.
- Silver Trust ETF (SLV)
- Japan Yen Trust (FXY)

 

Roth IRA
High growth & income. Agressive Risk. Not Taxable.
- ISHARES TR INDEX BARCLYS TIPS BD (TIP)
- ISHARES TR HIGH YLD CORP (HYG)

After the market correction, we will update our recommendations to take advantage of the bull market.  Call me if you have any questions.

 

Busy Schedule?
Too busy to follow the markets and make trades? Don't worry. We can help.
Accounts with $25,000 (or more) may qualify for our ACTIVE MANAGEMENT PROGRAM. We monitor your account on a daily basis. We closely follow market trends to increase income and earnings. We also take action to protect your money when the markets turn lower. Contact our Investment Management team to setup your account.
www.mlgcap.com
 

All the Best

  

Victor Lloyd Smith

Millennium Lyon Asset Management

Web:      www.mlgcap.com

 

 

Wall Street's New Gilded Age (TBTF: Too Big To Fail Banks)

Wall Street's New Gilded Age

 

A year after the crash, financial giants are making millions again.
A hundred years ago, people angrily compared the House of Rothschild to a giant octopus with its tentacles wrapped around the U.S. economy. Today it's the turn of Goldman Sachs to be likened to a "great vampire squid." To understand why, you need to go back 12 months.

 
The Lehman bankruptcy was in fact only one of seven events that, in the space of just 19 days, signaled the end of an epoch...
 

The likelihood is that the most important flaw in our financial system will not be addressed. That flaw can be summed up in a single phrase: banks that are "too big to fail." Let's call them the TBTFs.

-full article 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

Legacy Capital Book :: Get your copy  

 Amazon.com, Barnes & Noble, I-Pod/MP3, e-book

  

---

 

 

Double Your Money as the Phantom Economy Ignites

2-10x Your Money as $592 Trillion Phantom Economy Ignites

Buffet calls them "Financial Weapons of mass destruction"…The Federal Bank of Chicago calls them "Alligators in the swamp"…And Fortune Magazine calls them "The Risk That Won't Go Away"…They've bankrupted corporations, mutual funds, banks, counties and even countries…and now they're about to bankrupt America. It's the Derivatives Time Bomb.

Here's how to make 2-10 times your money as the walls come tumbling down…
- full article

Inflation Watch (Aug-Sep 2009)

Inflation Watch (Aug-Sep 2009)

 

U.S. August producer-price index rose 1.7%
Core rate up just 0.2% in August

U.S. producer prices rose 1.7% in August, the Labor Department reported Tuesday, powered by the biggest gain in energy prices since November 2007.
- full article

Wholesale-level inflation was surprisingly strong.
Also, U.S. producer prices rebounded sharply last month on the back of rising gasoline and other energy costs, though core prices posted only a slight gain. Price pressures deeper in the production pipeline moved up, as well, suggesting the possibility of higher prices down the road. The producer price index gained 1.7% in August, while core wholesale prices climbed 0.2%.
- Wall Street Journal

 

How to profit from rising inflation in the US
- Buy Commodity based ETFs (read our Investor Alerts)
- Buy Silver ETFs (SLV)
- Buy Gold ETFs (GLD)

 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

Bring Customers to Your Door

Bring Customers to Your Door

 

Do you have a specialty skill, service or passion?

Did you know, you can earn additional revenue running a Virtual Service Solution Company.

 

What is a Virtual Service Solution?

Virtual Service Solution Company means you (your company) sell your expertise to support large companies. You become the outsource (low cost) solution provider.  This works extremely well for sales and customer service programs.  They hire you (your company & team) to field customer calls. INBOUND CALLS. Direct connections to new customers.

 

Using the right business service platform, you can

1) Diversify your business revenue

2) Create a baseline income for your company (or home-based business)

3) Get direct access to new customers (INBOUND calls)

4) Setup your company 100% (Protect your personal, family assets)

5) Hire new certified professionals to expand your Virtual Service Solution Company

 

For more information and your Virtual Service Solution - Information Kit, contact us directly.

Millennium Lyon - Business Builder Solutions

www.mlgcap.com
 

All the Best

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

  

$800 billion in client assets will transfer in 2010

Study estimates $800 billion in client assets will transfer

 
Cerulli Associates released a study estimating that as brokers and advisers change firms, clients will transfer $800 billion in total assets this year. Dually registered advisers will be the biggest beneficiaries of the shift, said Cerulli senior analyst Scott Smith. He expects them to capture $60 billion in transferred assets.

-InvestmentNews

 

What are the 5 Things You MUST DO when transfering assets or receiving an inhertitance?  Our team at Millennium Lyon has the answers to your questions about retirement, inheritance and reducing taxes.  Give us a call. (click here) 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

Warren Buffet Sells US Stocks & Buys Bonds

Buffett carefully shifts Berkshire from stocks to bonds

 
Preparing for a shaky economic recovery that could take a while to pick up momentum, Warren Buffett is rebalancing the investments of Berkshire Hathaway. He is scaling back investment in stocks and putting more capital into corporate and government debt. "We are not out of problems yet," Buffett said. "We have got to get the sputtering economy back so it is functioning as it should be."

 

Only a year after the crisis struck, he seems to be worrying that the broader stock market might falter again. After boldly buying when so many were selling assets, his conglomerate, Berkshire Hathaway, is pulling back, buying fewer stocks while investing in corporate and government debt. And Mr. Buffett is warning that the economy, though on the mend, remains deeply troubled.
- The New York Times
 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

FHA at Risk - reserves fall dangerously low

FHA at risk as reserves fall dangerously low

The Federal Housing Administration has taken a hit as mortgage-related losses mount. The agency's reserves are in danger of dropping to less than what Congress mandates, officials said. The situation is expected to fuel speculation that the FHA might need government aid, although agency officials said they need to report only a shortfall to lawmakers.
-The Wall Street Journal

  

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

The Next Bailout (aka Government Stimulus Package)

The Next Bailout (aka Government Stimulus Package)

 

There are three Federal Agencies on the verge of collapse.  These "New Deal" agencies promised security and stability to our financial markets. Yet it seems they are less stable than the very markets they are supposed top support.  Are they doomed to collapse like Fannie Mae?  Here are the list of troubled agencies...
 
FDIC Federal Deposit Insurance Corporation
- This agency insures your bank account deposits.
- News articles on the FDIC.

 

FHA Federal Housing Administration
- This agency helps subsidize loan programs to promote home ownership.
- News articles on the FHA.

 

PBGC Pension Benefit Guaranty Corporation
- This agency guarantees your pension benefits.  If too many companies and state agencies have shortfalls (unable to pay benefits).  This may become a huge problem for this underfunded agency.
- News articles on the PBGC.

 

Each situation shows the importance of taking control of your income. Maximize your investment opportunities. Contact Millennium Lyon today to protect your income and your investments.
www.mlgcap.com/contactus
 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

Legacy Capital Book :: Get your copy  

 Amazon.com, Barnes & Noble, I-Pod/MP3, e-book

  

---

 

 

Fed to Raise Interst Rates in 2010-2011

Fed to Raise Interst Rates in 2010-2011

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the central bank will need to aggressively increase interest rates to avoid fueling inflation. Plosser also said the Fed has an exit strategy for its emergency initiatives. "Our exit strategy is really quite simple: We have to begin to pull back from our extraordinary programs, we have to begin to shrink our balance sheet; otherwise we will feel inflation in the months and years ahead," he said.

-CNBC

 

 

 

Double-dip Recession A Possibility (W-shaped Recession)

Double-dip Recession A Possibility

Bill Gross, chief investment officer of Pacific Investment Management Co., said a double-dip recession might result in opportunities to invest in longer-term government debt. "To the extent that we have had a trillion dollars worth of stimulus, from the standpoint of deficits, and more, the government basically has to continue to do that and to add to that in order to keep the economy chugging along," he said. "To the extent that that's limited, to the extent that they pull back on some of those stimulus programs -- 'Cash for Clunkers' and those types of things -- then the double dip moves into the realm of possibility."
-CNBC
 

 

 

Credit Education Seminar 09/14 & Mortgage Environment Update

FYI - Check out this "Credit & Mortgage Seminar".  A great place to meet clients.

-Victor
 

Subject: Credit Education Seminar 09/14 & Mortgage Environment Update

Hello all,

 

I hope that you are enjoying the dog days of summer.  In addition to being in the mortgage industry, I am also a credit analyst for a credit repair company.  Next month I will be teaching a free seminar in order to educate people on the complexities of credit – see info towards the bottom of this email. 

 

Much of the process around obtaining a mortgage has changed.  The best way to be prepared for all of the changes is to contact me well in advance of a search for a home, or when considering a refinance.  This will enable me to provide you a personalized step-by-step plan of attack.  Many loan programs have been dipping into the 4's recently, it's all about timing in order to take advantage.  Below are some of the important changes and what you can expect from the lending process:

 

Purchases:

·         Lenders are taking an extremely long time to process applications and clear required conditions after they issue the commitment.  They will often request a set of documents in order to qualify for a loan, and then later request more documents; which begets more documents.  The process for obtaining a mortgage can take anywhere from 3-8 weeks for a purchase, depending upon property type. 

·         If you are still hunting for a home, you can eliminate weeks of waiting by submitting an application to a lender in order to receive a commitment while you are in the midst of a home search.  This will give you a significant advantage when negotiating with a seller, since you will already have jumped through the biggest hurdle and can demonstrate that you are serious and can close quickly. 

·         The best way to obtain the best rate, is to not lock until you have been issued a 'clear to close' meaning that the bank has finished everything on their side.  Lenders are now giving the best rates, far and away, to those who have loans ready to close and will do so within 15 days of locking.

 

Refinances:

·         The mortgage market is fairly volatile at the moment, but the overall trend is for rates to remain low.  As I mentioned above, lenders are offering the best rates to those locking for short term periods, typically 15 days or less.  Lenders are not placing much of a priority on refinances and consequently these types of loans are taking between 45 days to close at a minimum despite what their stated turnaround times are. 

·         Interest rates are expected to fall sometime in October, currently they have risen to the highest levels since June.  The only way to take advantage of lowered rates is to have your loan submitted to a lender and processing completed.  Once you have been cleared to close, then we can wait to see what the best day to lock is and take full advantage of the available mortgage rates.  Otherwise when rates are at their lowest, you will be at the end of a very long line and not have attractive rate options for the necessary amount of time.

 

Credit 101 Seminar
Learn how to leverage credit in today's real estate market. I will show you how to get good credit, improve your current score and take advantage of federal incentives for first-time homebuyers.  Please RSVP by sending me an email or calling – space is limited to about 25 attendees.  There will be some complimentary wine and appetizers.

Credit Analyst: Anthony Davenport
Type: Education - Workshop
Network: Global

Date: Monday, Sep 14th, 2009
Time: 6:30 - 8:30 PM
Location: Vig 27
Street: 119 E 27th St
City: New York, NY

Phone: 212-352-2900 ext 320
Email: anthony.davenport@stanleycapital.com

Please be aware that the $8000 tax credit for new homeowners will expire November 30^th, 2009.  You must close prior to that timeframe in order to be eligible to receive the tax credit!  That means starting your search immediately in order to close by this time period, there will be a crush of applications shortly before this program expires, so get yours in sooner rather than later.

 

Best Regards,

Anthony

Anthony M. Davenport

Senior Loan Officer

Stanley Capital

1200 Sixth Avenue  5th Floor

New York, NY 10036 

Phone: (212)352-2900 ext. 320

Cell:     (347) 432-0343

Fax:     (877) 529-2684

Email: adavenport@stanleycapital.com 

www.StanleyCapital.com

This e-mail (and any attachments) is confidential and may well be legally privileged.  If you have received it in error, you are on notice of its status.  Please notify us immediately by reply e-mail and then delete this message from your system.  Please do not copy it or use it for any purposes, or disclose its contents to any other person.  To do so could violate state and Federal privacy laws.  Thank you for your cooperation.

Since Stanley Capital Mortgage Company, Inc. is not a tax advisor, transactions requiring tax consideration should be reviewed carefully with your tax advisor. Similarly, Stanley Capital Mortgage Company, Inc. is not a law firm and provides no legal opinions or legal advice.

This email was sent to you by Anthony M. Davenport
Your privacy is respected and your email address is not sold, rented or abused
Click here to leave this mailing list or update your email profile

Please add adavenport@stanleycapital.com to your address book to keep my e-mails from being treated as spam

 

 

INVESTOR ALERT :: Top 3 Investments for Sep 2009

Hi,

 

Our research teams are doing a phenomenal job.. They are right on the money again!

Here are our Top 3 Investment Recommendations for Sep 2009.

 

The Main Point (Theme):  Sell US Equities* (before Labor Day - Mon 09/07/09)

 

Conservative Investors: (Buy)

- US Inflation Indexed Treasuries & High Yield Bonds (Munis & Corporates)

 

Moderate Risk Investors: (Buy)

- High Yield Bonds (Munis & Corporates)

 

Aggressive Investors:  (Buy)         
- Silver [SLV] & Japanese Yen [JPYF, FXY]  (via ETFs)

 

You should implement these strategies in your portfolio by Sep 7th, 2009 for maximum benefit. To read our other recommendations visit us online or call your Millennium Lyon - Investment Advisor today.

 

  

Click here to get your free copy    or    Quick Download (e-book)

Legacy Capital: The Driving Force of the American Dream
www.LegacyCapitalBook.com

 

 

Victor Lloyd Smith

Millennium Lyon Asset Management

 

---

 

 

What Fall Brings for Wall Street’s Banks

What Fall Brings for Wall Street's Banks

 

The nation's biggest banks enjoyed a brief respite from torment this August as Congress adjourned. The fall, however, will be a major test: The gifts that banks received in the first half of the year, including a boom in fixed-income trading and several asset sales that boosted profits, will likely slow in the second half of the year. In addition, Congress is examining legislation on everything from regulating commodities and derivatives trading to reining in bonuses. Let's take a look at where the major banks stand....

- full article
 

FDIC is in trouble - Needs Emergency Funds

Americans to discover FDIC deposit insurance isn't free

Although the government is doing what it can to postpone a rescue of the Federal Deposit Insurance Corp., Americans are about to get a lesson in bank-deposit insurance. The FDIC reported that it has $10.4 billion in a fund that insures about $4.5 trillion in bank deposits, while the list of problem banks continues to grow. To shore up the fund, the FDIC implemented a special levy in addition to regular bank fees, which have been a drain on bank capital at a time when regulators said banks need more capital. The efforts allow officials to avoid admitting that they will have to go hat in hand to taxpayers to keep the fund going.

-The Wall Street Journal
 

 

Large Cities Losing Money - May Cut Pensions

Cities face worse year ahead because of revenue shortfall

A survey by the National League of Cities indicates that the next budget year will be worse for municipalities across the country, which continue to face lost tax revenue because of the recession. The survey produced its most negative assessment since it began in 1986. Bloomberg