Wow what a ride the stock market has had, on Oct 10th 2007 I sold all most all my stocks at 14,000 Dow the high was October 9th 2007. Yesterday I bought it all back at 9; 20 am and today I am up 7.50% on just one day.After 60 years you do learn some thing.
I started my Venture company AGS Capital LLC in 2002 after working for public companies for 35 years. It is a venture capital company that buys into or all of troubled business . We have done 14 deals and own interest in a dozen companies.Most have been troubled business that needed management changes and money.That is what we bring to the table.
We are thinking of starting a new fund were investors can give us money to invest in business that we like along side with us.We have make greater than 40% return annually so why not let others have 40% annual plus returns. Heck I have enough money to help other.
www.ags-capital.com is our web site, have a look.
I think that we are in for a rocky road economically for at least all of 2008 ,that is good for us.We like to buy companies when there is lower acquisition prices and better up side for us.I see banks less patient with companies and requiring better management and more money.
I started ASG Capital LLC in 2002 .Terri my wife said when I was looking at what to call it use the first letter of your names. Alan Gordon Symons thus AGS ,like IBM .
This year should be fun.so far looks good. More latter
Wednesday, January 23, 2008
Monday, January 21, 2008
Fixing the world
How to fix America economy.
America is in deep trouble unless we do something now
1. USA is facing a major recession,
2. the US dollar at all time lows to other currencies ,
3. The stock markets have lost substantial value for investors ,
4. financial institution are in deep trouble due to the housing crisis and going to Asian markets for new capital to stay afloat,
5. international rage over American overseas policy ,
6. unprecedented high fuel prices,
7. rising cost of food supply,
8. Terrorism costing America billion of dollars yearly.
9. China building for an Arms race.
10. Russia gaining on America both economically and militarily.
How can we change the country to fix these ills? There are four things the USA government can do today that will fix most of these problems. Does Washington have the guts to look after the people over the big companies and lobbyists???
A) The Feds need lower the interest rate by 1% now and 25 basis points each quarter till we are back moving forward. This will stimulate the economy and yet hurt the dollar. But it will reduce mortgage rates for short term and long term mortgage which will start to put a floor on the deep slide in valuations of existing home. By stopping the slide with lower rate we start to build confidence and re build the financial market reserve on housing loans. Business love low interest rates and so do consumer. Ever point of interest rate is more money in the hands of business and consumers to spend. After 911 Greenspan dropped rates from over 4.5% to 1.75% and we had a great economy.
B) Stop spending on infrastructure in other countries. We need to with draw from Iraq and our rebuilding; we need to with draw from Africa and other under developed countries until we are stronger. I saw we were spending $30,000,000 in Afghanistan building a prison yet in Indiana and other states we are letting criminals out of jail due to overcrowding and they were committing murder, rape and robbery. Spend the $500 billion we are spending overseas on schools, roads, prisons and other infrastructure in USA and we will create many jobs here .That will stimulate the economy and pull us out of recession. It will also put people back to work who will need homes and there for help financial institutions who have tons of home in or going to foreclose. Set a floor in housing and it will go up. As it goes up so does our economy. Building boom means job in every sector. One new job helps five to seven others. The baker the butcher the hardware store all benefit from the money a person makes.
C) Have the SEC put the brakes on fuel derivatives. Major insurance, bankers and pension funds own most of our oil reserve and they are controlling the flow to keep prices artificially high.
D) Mandate thru surcharges that cars that are bought tomorrow not 2030, tomorrow have to have 35 mile a gallon plus or there will be a surcharge on the new car sold. Not talking $100 talking $250 per gallon that is less than the 35 mile rating. If we all drove 35 mile a gallon cars today USA would not need any imported oil. The price a barrel will tumble, America will no longer send US $$ to Venezuela, Saudi Arabia and other. Chavez will be done; there will be no money to fund terrorism in the Middle East countries like Iran and Saudi Arabia. With oil prices in free fall the governments of Russia, Venezuela, and Saudi will have to cut back spending and thus reduce the arms race. With no dollars going out to these countries the US $ will gain in value and thus help the country grow. We should not reduce the price at the pump below $3.00 just increase the tax on gas. Use the surplus money to fix Social security and Medicare for the future. Food prices are rising due to corn being diverted to ethanol with our gas needs down the cost of corn will drop and so will the cost of food for all of us.
Alan G Symons
Indianapolis
America is in deep trouble unless we do something now
1. USA is facing a major recession,
2. the US dollar at all time lows to other currencies ,
3. The stock markets have lost substantial value for investors ,
4. financial institution are in deep trouble due to the housing crisis and going to Asian markets for new capital to stay afloat,
5. international rage over American overseas policy ,
6. unprecedented high fuel prices,
7. rising cost of food supply,
8. Terrorism costing America billion of dollars yearly.
9. China building for an Arms race.
10. Russia gaining on America both economically and militarily.
How can we change the country to fix these ills? There are four things the USA government can do today that will fix most of these problems. Does Washington have the guts to look after the people over the big companies and lobbyists???
A) The Feds need lower the interest rate by 1% now and 25 basis points each quarter till we are back moving forward. This will stimulate the economy and yet hurt the dollar. But it will reduce mortgage rates for short term and long term mortgage which will start to put a floor on the deep slide in valuations of existing home. By stopping the slide with lower rate we start to build confidence and re build the financial market reserve on housing loans. Business love low interest rates and so do consumer. Ever point of interest rate is more money in the hands of business and consumers to spend. After 911 Greenspan dropped rates from over 4.5% to 1.75% and we had a great economy.
B) Stop spending on infrastructure in other countries. We need to with draw from Iraq and our rebuilding; we need to with draw from Africa and other under developed countries until we are stronger. I saw we were spending $30,000,000 in Afghanistan building a prison yet in Indiana and other states we are letting criminals out of jail due to overcrowding and they were committing murder, rape and robbery. Spend the $500 billion we are spending overseas on schools, roads, prisons and other infrastructure in USA and we will create many jobs here .That will stimulate the economy and pull us out of recession. It will also put people back to work who will need homes and there for help financial institutions who have tons of home in or going to foreclose. Set a floor in housing and it will go up. As it goes up so does our economy. Building boom means job in every sector. One new job helps five to seven others. The baker the butcher the hardware store all benefit from the money a person makes.
C) Have the SEC put the brakes on fuel derivatives. Major insurance, bankers and pension funds own most of our oil reserve and they are controlling the flow to keep prices artificially high.
D) Mandate thru surcharges that cars that are bought tomorrow not 2030, tomorrow have to have 35 mile a gallon plus or there will be a surcharge on the new car sold. Not talking $100 talking $250 per gallon that is less than the 35 mile rating. If we all drove 35 mile a gallon cars today USA would not need any imported oil. The price a barrel will tumble, America will no longer send US $$ to Venezuela, Saudi Arabia and other. Chavez will be done; there will be no money to fund terrorism in the Middle East countries like Iran and Saudi Arabia. With oil prices in free fall the governments of Russia, Venezuela, and Saudi will have to cut back spending and thus reduce the arms race. With no dollars going out to these countries the US $ will gain in value and thus help the country grow. We should not reduce the price at the pump below $3.00 just increase the tax on gas. Use the surplus money to fix Social security and Medicare for the future. Food prices are rising due to corn being diverted to ethanol with our gas needs down the cost of corn will drop and so will the cost of food for all of us.
Alan G Symons
Indianapolis
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