Igor Olenicoff immigrated to the United States of America when he was barely eighteen years old. He was accompanied by his family and they had just $800 in hand as they crossed over from Russia following the Russian Revolution of 1917. These immigrants were initially considered as “country-less and effectively illegals”. This was the fate of numerous others who were compelled to immigrate due to the situation of the land. It was basically the caste system that was responsible for this hostile attitude.
In America, Igor attended the USC and began to work as an executive in the Mowtown Records at the initial years of his career. Thus, began his journey towards becoming a millionaire. This was actually initiated when he decided to check out his luck at the real estate business. It was in the year 1973, that Igor laid the foundation stone of Olen Properties. It shaped up to this empire that has spread its branches across the entire continent as well as the world. The current amount of commercial space owned by Olen Properties is over 6.4 million square feet and it has around 11,800 residential units strewn across Los Angeles, Florida and Las Vegas. Igor observes that the key to his spectacular business growth is due to the timely and adequate credit availability that allows the immigrants to live their dreams.
Written by srini on September 25th, 2009 with no comments.
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Proper allocation and investment of savings is an important part of an effective retirement plan. Today, there are a number of retirement plan sponsors who are interested in making the index funds the focal point of the investment portfolio. Reports referring to surveys indicate that 17% of 150 employers desired to substitute index funds for a part or whole of their actively managed investment options. This constitutes to around 8% increase. According to Mike Lucci of Vanguard Institutional Sales, the enhanced interest in Index Funds is a great opportunity for investors designing a retirement plan, as it can help them to secure their capital and save in turbulent market conditions. The plans are characterized by supplemental passive investment options and active funds are replaced with a unique line-up of highly diversified low cost index funds.
Participant communication, a simplified plan design coupled with multiple levels of investment choices are marked as endearing attributes for retirees. Savings can be attained through the low-cost indexing, broad diversification and the cash drag is kept low.
Just a few points of caution:
The investor is required to take note of the inflation risks, credits and the prevalent interest rates while investing in bonds. Diversification may not shield you in a declining market. As a plan sponsor, Vanguard believes that they can effectively determine what the best interest for their participants’ prudence is.
Written by srini on September 25th, 2009 with no comments.
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