How the super rich will make their money in 2008
January 2008
by James Thomson
"The super rich are used to adjusting to economic cycles and the prolonged strength of the Australian economy has confused many. A good downturn will help flush out competitors and create the things the rich like best – bargains."
The article mentions six strategies the super rich will be using this year to make money:
One strategy mentions ONC. See below :
"Targeting Asia"
"The US is a no-go zone, Britain looks shaky and European markets are still growing slowly, but Asia is still hot. The Myer and Liberman families have shown interest in Vietnam and Peter Scanlon is leading the charge into China. He has spent many years carefully developing relationships with local companies and has also made investments in Australian companies looking to crack that market, such as credit and cash-card company OnCard.
Scanlon also has a big stake in the listed FCBP Investments, which has been set up to specifically chase investments across Asia in the financial services, transport and logistics sectors. And his tip for spotting a good emerging market? As he told Eureka Report late last year, look for countries with high birth rates, such as some Eastern European nations."
Read the full article at -
http://money.ninemsn.com.au/article.aspx?id=370654
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