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The World Money Show
took place in London
on the 30th November and 1st December with EER Magazine taking part as a media partner. This event is
traditionally held in the Queen Elizabeth II Conference Centre. In the panel
sessions the open discussions among the specialists, competent in different
areas of investment took place. Apart from the panel session, presentations of
broker and investment firms and live trading demonstrations were held. The
visitors to The World Money Show were mainly potential investors, traders,
speakers, representatives of the press and business.
The World
Money Show 2007 in
London started
with the opening ceremony. Welcoming remarks were delivered by an integral
member of the event – Justin Urquhart Stewart, Co-Founder of Seven Investment
Management, and by Deborah Rossard – Executive Vice President of InterShow.
During the panel discussion of the first day at The World Money Show in London, well known
investment analysts advised investors on matters of international investment.
The credit crunch in USA
and the weak dollar were at the centre of attention. Steve Previs, Senior Vice
President, Jeffries International, thought that at the moment “USA is for
sale”, everything is sold and due to the exchange rate everything is sold for
half price.
However when investing in America, one
should be cautious by choosing the sectors, where the credit crunch has opened
new opportunities. So, for instance, the construction market will soon see a
rise, and it is important to watch the price of construction materials – as
soon as the developers decide to build on the purchased land – the prices for
the materials will rise, indicating the time to invest within construction. Rakesh
Shah, CEO TenPointTrading.com, thinks that the US dollar has approached the
minimum level of its decline. Therefore it is about the time to buy dollars in
order to gather the fruits of the dollar’s future strengthening.
In case you want to invest in shares
rather than money, then according to Rakesh, health care and medical devices
sectors are stable, regardless of the crises. Americans take more care of their
health, thus medical insurance and medical services are expected to have a
stable demand.
Justin Urquhart Stewart claims that USA
credit crunch and economic slump has affected both American and British
economies. Yet other countries still enjoy economic growth, for instance China.
However one should not invest in the Chinese economy, which is unstable, but
rather in the benefits that Chinese economic growth brings. So, the western
companies invest in china, thus, their shares include the benefit of Chinese
companies’ shares.
In the end Steve Previs gave a
valuable piece of advice: “If you invested in the shares of a company in the
developing economy, and you worry about the profits at night – sell the shares
and have peaceful nights! If the situation still presupposes profits, then come
back to those shares”.
The aim of The World Money Show is
to provide investors with detailed and comprehensive information on where and
how to invest money on the international platforms. This year traders and
investors who visited the event were once again equipped with detailed
information on world investment trends, pitfalls of the developing economies
and other advice from the investment experts.
By Anna Fedorenko
For webcasts of the discussions and more information please follow the link below
World Money Show, London 2007
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