| Real estate investment: the key to building wealth
Dennis Grant, president of Florida Topland Inc., says real estate investment is one of the more successful means of building wealth. Grant was addressing the real estate seminar 'Building Financial Wealth by Empowerment and Investment in Land', at the Hilton Kingston hotel, New Kingston, last Wednesday. - Winston Sill/Freelance Photographer Ashford W Meikle, Business Reporter If the meteoric success of the Jamaican-born Floridian businessman and pastor, Dennis Grant, is anything to go by, then, without a doubt, investing in land is the path to building financial wealth and living the American dream. "You don't need a have a green card or be an American citizen to purchase land in the United States. Four years ago I was broke but I knew whereI was going and started seeking opportunities," said Grant in a presentation Wednesday at the Hilton Kingston hotel as he encouraged the participants to invest in land through his company, Florida Topland, Incorporated.
Gold Sales Top $65.3 Billion
Santa Monica, CA (PRWeb) April 2, 2007 -- The rapid growth of gold exchange traded funds means that Exchange Trade Funds (ETFs) have become the main driver of gold investment demand growth. At the end of last year, total gold stocks held by ETFs and other similar funds were worth around $13.3 billion. Prospects for investment demand in the first half of 2007 remain robust making gold bullion and gold coins a sound investment according to top gold investment advisor Kevin DeMeritt of Lear Financial, the parent company of Gold Central one of the top gold coin companies in the United States. Although spending on gold coins and gold jewelry reached a record $44 billion last year, high prices and volatility affected buying in Asia and the Middle East, mainly in the first eight months of last year.
Blackstone Offering May Shimmer In IPO Market
Taking Blackstone Group public would give the company a license to print money – and could put a lot of dough in the pockets of current management. NBC's David Faber reported Friday that Blackstone is working with investment bankers on a planned initial public offering. While there are a number of motivations for going public, but the possible deal raises a basic question: Does it make sense for a company that takes others private to go launch an IPO? Blackstone could use the newly issued stock to close future deals, to retain top performers and to attract new talent – and it can always issue additional shares when needed. “If you're a smart player in this market, in view of Fortress Investment's successful IPO and huge valuation, you might as well strike and you want do it ASAP before the field gets crowded," said Tom Taulli, author of "Investing In IPOs." Hedge fund Fortress Investment went public in February.
Anthracite Capital CEO to Speak at Credit Suisse Global Real ...
NEW YORK--(BUSINESS WIRE)--Christopher A. Milner, Chief Executive Officer of Anthracite Capital, Inc. (NYSE:AHR), is scheduled to speak at the Credit Suisse Global Real Estate Conference in New York on Wednesday, April 11, 2007 at 4:00 p.m. (eastern time). Prior to Mr. Milner's remarks, a copy of his presentation and a live audio webcast will be accessible via the "Investor Relations" section of Anthracite's website, www.anthracitecapital.com. A replay of the webcast will be available within 24 hours of Mr. Milner's presentation and will remain accessible through the Company's website for seven days. About Anthracite Anthracite Capital, Inc. is a specialty finance company focused on investments in high yield commercial real estate loans and related securities.
China eager to invest $2.7b in Olefin 12: NPC
TEHRAN (PIN) - National Petrochemical Company (NPC) Managing Director Gholam-Hossein Nejabat here Tuesday said that China was keen to make a 2.7 billion dollar investment in Olefin 12 plan in Iran. Talking after an East Asia-Pacific states forum, he said the Iranian and Chinese officials held new round of negotiations, whose main topics revolved around a 2.7 billion dollar investment in Olefin 12 plan and investment in downstream and upstream oil projects in Iran. Nejabat said, China is the first country the Iranian party will pay a visit to hold official talks. According to the NPC chief, the companys output in the current Iranian calendar year (started March 21, 2007) will reach 23 million tons. To this end, Irans presence in foreign countries with the aim of doing marketing of petrochemical products plays a determining role, he added.
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