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LOOKING TO THE GENERATIONALLY WEALTHY
Tuesday 27th June, 2006 AD
"How do we go about picking the next big sector to invest in?" enquired the spokesman for the group. "We don't think it will be just one sector" my associate replied, "but rather a broader group of related sectors."
We had been asked to address a small group of investors gathered in London. The group had enjoyed reasonable success in various property deals over the years, but now with real estate not what it was, they were searching around for alternatives. "Over the years" I began, "Anglo Far-East has worked, planned and strategized with numerous 'Generationally Wealthy' families."
What is a 'Generationally Wealthy' family and how do they relate to the question from our London audience that day?
In today's world it is rare to find families that have not only CREATED wealth, but more importantly, managed to PRESERVE and build on that wealth over several generations. Regardless of how they originally created their seed wealth, when working with these families, one can quickly recognize similarities between them all; a trend of conservative thinking and the application of a defined set of specific principles.
The 'Generationally Wealthy Model' is simply the compilation of these principles. They are not tightly guarded secrets or mysteries, but rather, a common sense code of practice and a way of thinking that we have observed time and time again over many years.
"So to unlock the answers of Sector Selection, we have to first open the Generationally Wealthy Guide Book" my colleague continued.
How do the Generationally Wealthy identify and select Sectors for investment? What are the do's and don'ts when examining Sectors? What Sectors have been identified as being the next booming Sector and why? How important are the technicals and fundamentals?
Good questions for which we will digging out the answers in the following few days.
Sincerely - Philip Judge pjudge@anglofareast.com