In my blog of December 9, 2010, I pointed out how our capitalist society suffers from dramatic up and down cycles that rob the middle class of their wealth and earnings. I suggested 10 points that would very much moderate these cycles and bring about a far better capitalist society. This is the 9th of… Continue reading Capitalism Needs Tweaking – Point #9 of 10 (cont’d)– The Abuse of Tax Havens – Economic Terrorists
Author: Larry Cyna
Mr. Cyna is an accomplished investor in the Canadian public markets for over 20 years, and has managed significant portfolios. He is a financing specialist for private and public companies, and has expertise in real estate and debt obligations. He has assisted private companies accessing the public markets, has been a founding director of public companies and continues as a strategic consultant to selected clientele.
He is and has been a director, a senior officer and on the Advisory Board of a number of TSX and TSXV public companies in the mining, resource, technology and telecommunications sectors, and the Founding Director of two CPC’s with qualifying transactions in mining and minerals. He was an honorary director of the Rotman School of Management MBA IMC program, has completed the Canadian Securities Institute Canadian Securities Course & Institute Conduct and Practices Handbook Course, was a former Manager under contract to an Investment Manager at BMO Nesbitt Burns, a roster mediator under the Ontario Mandatory Mediation Program, Toronto, a member of the Institute of Corporate Directors of Ontario, a member of the Upper Canada Dispute Resolution Group, and the Ontario Bar Association, Alternate Dispute Resolution section.
He obtained his designation as a Chartered Accountant in Ontario in 1971 and was the recipient of the Founder’s Prize for academic achievement together with a cash reward. He became a CPA in the State of Illinois, USA in 1999 under IQEX with a grade of 92%. He is a Member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants.
He holds certificates in Advanced ADR & in Civil Justice in Ontario, Faculty of Law, University of Windsor, certificate in Dispute Resolution from the Ontario Institute of Chartered Accountants. Previous accomplishments are Manager of Cymor Risk Consultants LP specializing in Risk Management Assessment; CEO of Cyna & Associates specializing in mediation and ADR; Founder & Senior Partner of Cyna & Co, Chartered Accountants, a fully licensed and accredited public accountancy firm with international affiliations; and was a partner in a large public accountancy firm.
Mr. Cyna is well known in the Canadian Investing community. He is invited to, and attends presentations given by public companies usually 3 or 4 times each week. These presentations are intended by the various hosting companies to present their inside story to sophisticated parties and Investment Managers for the purpose of attracting funding, or of making parties more interested in acquiring shares of those companies. Being a part of this keeps Mr. Cyna deeply involved in the current market and leads to numerous investment opportunities.
Robert Reich – August 8, 2011 Article Reprint – An Overview of the Current Economic Mess
We republish the Following article because it summarizes quite well the current stock market meltdown. We disagree with his conclusion and remain optimistic. This is a buying opportunity. Slouching Toward a Double Dip, For No Good Reason Monday, Robert Reich August 8, 2011 Imagine your house is burning. You call the fire department but your… Continue reading Robert Reich – August 8, 2011 Article Reprint – An Overview of the Current Economic Mess
Take a Longer Perspective on the Stock Market Sell Off & The Fight Over Debt Reduction – a Very Good Thing
We at the Cymor Strategic Growth Funds urge caution in the face of the apparent current meltdown of the stock markets. This is the time of year, when almost annually and most certainly in the majority of years, the markets have weakness. Sometimes it is just a downward drifting, and sometimes it is more serious.… Continue reading Take a Longer Perspective on the Stock Market Sell Off & The Fight Over Debt Reduction – a Very Good Thing
How Income Tax Havens Abuse Society – Capitalism Needs Tweaking – Point #9 of 10 (cont’d)
In my blog of December 9, 2010, I pointed out how our capitalist society suffers from dramatic up and down cycles that rob the middle class of their wealth. I suggested 10 points that would very much moderate these cycles and bring about a far better capitalist society. This is the 9th of that series… Continue reading How Income Tax Havens Abuse Society – Capitalism Needs Tweaking – Point #9 of 10 (cont’d)
Capitalism Needs Tweaking – Point #9 of 10 – Tax Havens Abuse Society Badly
In my blog of December 9, 2010, I pointed out how our capitalist society suffers from dramatic up and down cycles that rob the middle class of their wealth and earnings. I suggested 10 points that would very much moderate these cycles and bring about a far better capitalist society. This is the 9th of… Continue reading Capitalism Needs Tweaking – Point #9 of 10 – Tax Havens Abuse Society Badly
How Debt is Resolved – The Coming Boom in the Stock Market
Characterizing Debt Whether it be the USA, or Greece, or Ireland, or Italy, debt is never repaid in short order. The trick is to stabilize the debt and essentially make it appear as a non-issue, What happens is that the political will in a country changes from an attitude of “if there is a need,… Continue reading How Debt is Resolved – The Coming Boom in the Stock Market
The Markets Crash Because of the Debt Ceiling – Not Bloody Likely
Obama v John Boehner Last night we watched the two most powerful political leaders in the USA each make a speech imploring the public to side with their version of how the impasse over raising the Debt Ceiling should be resolved. The Differences Between Them Both seemed to agree on the amount of debt reduction… Continue reading The Markets Crash Because of the Debt Ceiling – Not Bloody Likely
Gold – the Rise in Value is Escalating, Caution is Warranted
We review many writers daily and it seems that everyone is predicting a further massive rise in the value of gold. The view seems to be almost universal. Mr Market Remember that when everyone is sure about some direction in the market, Mr. Market waits for his OPPORTUNITY to take everyone’s wealth away and teach… Continue reading Gold – the Rise in Value is Escalating, Caution is Warranted
Mutual Funds – The Profit Goes to the Managers, Not the Investors. Consider ETF’s
In a recent blog, I expressed the view that ETF’s were better investments than many mutual funds. A recent report on Mackenzie Financial Corp Canadian Shield Fund illustrates the point. Nat’l Post July 13, 2011 This fund started up late 2009 and raised more money subsequently totaling just under $200 million. The fund was seeking… Continue reading Mutual Funds – The Profit Goes to the Managers, Not the Investors. Consider ETF’s
Investing Diversification is Reducing Risk – China Means Increasing Risk
Diversification in Your Portfolio A Supposed Truism – “Mitigate Risk by Investing in Different Sectors” We are constantly barraged with advice from our financial advisors insisting that the way to make money and to minimize risk, is to widen your scope of investing. We are constantly advised that having a percentage of your portfolio in… Continue reading Investing Diversification is Reducing Risk – China Means Increasing Risk