August 2009
You are currently browsing the articles from Immigrant Millionaire written in the month of August 2009.
It is often felt that the terms “safe” and “investment” does not go hand in hand. But this is a complete misnomer and there are ways and means by which one can make his investments a lot safer than it is now.
- Portfolio: while investing your money, the first thing that must be given due importance is the portfolio. Try and compare the portfolios after choosing a few of them, according to your choice and requirements. Then choose the one that is the best in the lot and serves your needs in the most suitable manner.
- Risk: while investing, go through the offer documents or the Red herring prospectus thoroughly, before making a final decision. Ensure that the instrument comes with some tax benefits as it reduces the associated risk with the investment.
- Fund management: trust is the most important aspect in any investment. The credibility of the fund managers must be verified before you decide to invest. You need not worry if the manager has market goodwill. If there is any doubts in your mind, then better take your time and get more information.
- Investment time period: the time for which you are planning to invest is also important, especially in the present period of financial uncertainty. It is better to stick to short and middle term investment, rather than investing in long term plans.
Written by srini on August 26th, 2009 with no comments.
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Ieoh Ming Pei is one of America’s most famous immigrants. Ieoh has been able to create an identity for himself that many of the people who are born in America have not been able to achieve. Ieoh was born in the year 1917, in the Canton province of China. He immigrated to the United States when he was just 18, in the year 1935. He came to study in the MIT and was a student of architecture. Later on he also attended the Boston University, in order to gain more knowledge in the field of architecture.
In the year 1942, Ieoh became a concrete designer. He also taught at Harvard till the year 1948 as an assistant professor. Ieoh joined the Webb & Knap Inc in the year 1948 and worked there till 1960. In that year he started his own company and named it I.M. Pei & Partners. Ieoh is known for his geometric patters that give a different identity to the buildings that he has designed. He is also famous for the innovative use of glass in the construction and beautification of a building.
Some of the most famous creations of Ieoh are the East wing of the National Gallery of Art in Washington, D.C, the John F Kennedy Memorial Library in Boston and the Rock and Roll Hall of Fame. He has also updated the Louvre in Paris.
Written by srini on August 26th, 2009 with no comments.
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Saving is always a good habit. The sooner you get to know this and make it a habit, the better. The present global financial situation is such that the more you can save, you will have to worry less about your future. But the question is how you can save money. Well, there are many simple ways following which you will end up saving a bit for your future usage.
- It is better to set some goals for yourself as you start saving. Short term goals such as daily or weekly goals are very effective in this case. If you push yourself hard to keep up to the daily or weekly goals, you will end up saving a lot.
- Try to keep a time frame in mind, if you are saving for something specific. If you are saving money to buy a car, then do so by telling yourself that you want to buy a car in a time of two years. This will always be in the back of your mind and you will be instigated to save.
- Maintain a written record of the daily or weekly expenses and also how much you are earning. This will help you get an idea how much you can actually save and how much you are actually saving. If you see that you can save more than what you are presently saving, then you need to rework the calculations.
Written by srini on August 25th, 2009 with no comments.
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It has been a long drawn debate over the H-1B visa and is still continuing. The whole of America is heating up with this fresh bout of debate over the H-1B visa. Many groups which are opposing the very concept of the H-1B visa are of the opinion that the visa should be cancelled with immediate effect. They are of the opinion that people from outside the country are coming with the help of H-1B visas, they are taking away the jobs that the Americans should have got.
This is just one side of the debate. The pro-H-1B groups are up in arms to ensure that the visa continues as it is and they are also trying to ensure that the administration gives some more facilities with this visa. The groups have sighted many examples, starting from Sergey Brin of Google, to Steve Chen of YouTube, from Jawed Karim to Andrew Carnegie, who are all immigrants and who have all participated in the growth and development of America. The successful immigrants list will go on and on and everyday new names are being added, such as Vikram Pandit and Indra Nooyi.
President Barack Obama is expected to chair a high level meeting and has promised the pro-H-1B visa groups that he will ensure that the immigration reforms are put in place as soon as possible. But the debate does not seem to end there.
Written by srini on August 25th, 2009 with no comments.
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When we talk about steel in America, the first name that obviously comes to our mind is the name of Andrew Carnegie. He is said to be the father of steel in America, as he single handedly created a steel industry out of nothing in the US. Andrew Carnegie was born in the country of Scotland on the 25th of November 1835. He and his family came over to America as immigrants and Andrew was just a child at that time.
Andrew is said to be one of the most successful immigrants of America, as he had built the Carnegie Steel Company based in Pittsburgh. The company was launched way back in the year 1892, after Carnegie had combined all his assets along with the assets of his friends and well-wishers in order to get the required fund for the company. In the year 1889, the steel output of US was more than that of the UK and the majority of the steel in the US came from the Carnegie Steel plant.
Later on, Andrew became a philanthropist as he retired from the day to day activity of the steel company. He had founded the Carnegie Corporation of New York, Carnegie Endowment for International Peace, the Carnegie Mellon University and the Carnegie Museums of Pittsburg. Andrew Carnegie is often referred to as the second richest man in history after John D Rockefeller.
Written by srini on August 25th, 2009 with no comments.
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The White House is all set to play host to an important meeting that is expected to discuss the much awaited immigration reforms, which have been delayed due to many unforeseen setbacks. The basis of the meeting is the various reforms that President Barak Obama wants to introduce. It is expected that the introduction of these reforms will take some time but there will be not much difficulty in putting them through.
Experts are of the opinion that the President will not have to lose his sleep on these reforms. But the reforms are expected to bring about certain changes in the US immigration policy and this may block the path for many UK candidates to come and work in the US.
The bulletin released in the month of August by the US Department of State notifies that there will be some changes in the EB-2 and EB-3 categories for the employment-based permanent visas. In the present moment countries of the EU fall under the EB-1 category and many more countries are expected to be added in the EB-3 category. But the exact time frame for all these changes has not been fixed as yet.
The present global recession has also had an effect on the number of applicants wanting to travel to the US for jobs. A downfall in the number of applications has been observed all through the year.
Written by srini on August 25th, 2009 with no comments.
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The financial condition the world over is such that one will have to think about savings very seriously. There are many ways by which you can save your hard earned money and you need to start with it today.
Credit cards have become a very common place financial instrument in the modern world. But most of you may not be aware of the fact that even a credit card can actually help you save a bit of your money, rather than making you spend more. Most of you are aware of the fact that most credit cards that are available in the market offer some sort of a return. This may be in the form of cash backs or points being added to your account depending up on the amount you have spent using the credit card.
If you are careful enough to choose the right kind of credit card, then you will be able to save a lot. Try to get yourself such a credit card which gives cash backs, as then you will get back a pert of money that you have spent. But if your credit cards gives you points, then you will have to buy more, by spending more in order to utilize the points within a specific date. So, while applying for your credit card read the fine prints and chose the card that gives you the most cash backs.
Written by srini on August 25th, 2009 with no comments.
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Madeleine Albright is such a personality who is known by people all over the world. She is perhaps one of the most famous immigrants in the history of the United States. She has held the post of the Secretary of State under President Bill Clinton, from the year 1997 to the year 2001.
She was born on the 5th of May 1937, in the city of Prague, which is the capital of the erstwhile Czechoslovakia. Her father Josef Korbel was also a diplomat and was a supporter of the Czech democrats. But the whole family of Madeleine had to go on an exile to England during the World War II. Later on, after the war was over, the family again moved back to the country and Josef was given diplomatic responsibilities too.
Finally, Madeleine moved to the US along with his father Josef, when he got appointed as a professor in the University of Denver. Madeleine had studied in the Wellesley College, the Johns Hopkins University and the Columbia University. Apart from having done her PhD, she has also received many Honorary Doctors of Laws from various Universities in the US and also from other countries. Madeleine has also held many important positions in the US administration, including that of the US Ambassador to the UN and of course the Secretary of State. She has also authored many books.
Written by srini on August 25th, 2009 with no comments.
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Senator Charles Schumer (D-N.Y.) who is the chairman of the Immigration Subcommittee of the senate is expected to bring in a bill which aims at introducing new reforms in the existing immigration laws of the land. It is also expected that President Barack Obama will be supporting the efforts of the senator, as he has been trying to ensure that the illegal immigration is reduced to as much as possible.
The immigration bill is expected to heat up the autumn sitting of the Congress and is also expected to bring forth many unexpected truths about the whole immigration policy of the country.
Off late, the Obama administration has been trying to ensure that the inflow of the unskilled illegal immigrants be effectively controlled and replaced by a planned inflow of skilled legal immigrants. The immigration reforms bill intends to do exactly that. But, the details of the bill are not yet available in the public domain.
President Obama and Senator Schumer might find this prospect as a pretty difficult one to get through. The bill is slated to face a lot of opposition, as there is a strong lobby of the immigrants of various countries, especially those from the Asian countries. It is to be seen how the Senator and the President plan their moves and ensure that the immigration bill sails through the Congress as quickly as possible.
Written by srini on August 24th, 2009 with no comments.
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Immigration in the United States has always been a debated issue and the house stands divided on the positives and negatives of this single phenomenon. But, the success stories of the famous immigrants have perhaps sealed the case in favor of the immigrants.
One of the most talked about successful immigrants of America is Dov Charney. He is the founder and owner of the American Apparel, the largest single garments factory in the whole of the US.
The American Apparel is a case which points out how the immigrants have contributed to the growth and development of the country. Dov at present employs more than 3,800 people in his factory and he makes it a point to greet every single employee in the morning. This is a regular practice to generate a feeling in the minds of the employees that they are the most important asset of the company. Dov is a very energetic person and he is just 37 at present. At this age, he comes across as a bundle of energy which gets readily transferred to his employees.
The American Apparel showroom is a place to be. You have some brilliant music playing and the walls are filled with youthful pictures of males and females displaying all the various products.
Dov is undoubtedly one of the successful immigrants of America and he has come down from Canada.
Written by srini on August 24th, 2009 with no comments.
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