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Peter Pham

 
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  • Chinese Telecoms Begin Climbing The 3G Hill [View article]
    Our pleasure. Good investing!
    Nov 1 06:08 AM | Likes Like |Link to Comment
  • Cisco: Is Now The Time To Buy? [View article]
    Discussed the turnaround here: http://seekingalpha.co...
    Oct 6 04:45 PM | Likes Like |Link to Comment
  • Piracy Drives Microsoft To The Cloud [View article]
    Microsoft has a full SME suite built around Azure. Will dig into the cloud stuff; still really new segment.
    Oct 6 03:24 PM | Likes Like |Link to Comment
  • Piracy Drives Microsoft To The Cloud [View article]
    Bill just finished up on a project that allows you to work on some of those issues. We keep you posted. Stay in touch!
    Oct 6 03:20 PM | Likes Like |Link to Comment
  • QE, Gold And The Singapore Dollar [View article]
    The thesis is based on a capitulation trade for the Euro.
    Oct 2 11:49 AM | Likes Like |Link to Comment
  • Ship Happens [View article]
    Really fascinating story to uncover.
    Jun 7 12:38 PM | Likes Like |Link to Comment
  • Have China And Vietnam Engineered Soft Landings? [View article]
    Please goto http://www.alphavn.com to contact me. Thanks.
    Apr 27 12:06 AM | Likes Like |Link to Comment
  • Why Financials Dominate Emerging Market ETFs: The Case Of Vietnam [View article]
    I am an investment adviser and broker living and working in Ho Chi Minh City, not just some guy living in his basement in America looking at Vietnam from across the world and saying, "Buy." So, yes, it is my job to navigate the problems you listed and separate out the truth from the fiction, the good investments from the bad ones and advise my clients accordingly. I maintain a list of current stock picks for Vietnam on my site that I've sent out to my clients in the past year. I invite you to look at them. http://bit.ly/HWPI9S

    There are plenty of bad investment options in Vietnam. There are also plenty of bad investment options in the U.S. and Europe. Does that stop you from investing there?

    No investment is without risk, obviously. I would submit that most investment decisions have worse odds of succeeding than roulette, they just bleed your money from you more slowly.
    All investing is as much about when to invest as opposed to where and how much to invest. No one, especially me, would suggest putting all of your money into Vietnam. But, for the speculative or higher-risk portion of one's portfolio I think it's a pretty easy sell compared to a number of other high risk to high reward opportunities. There are a number of ways to play the market here.
    Apr 18 12:42 AM | 2 Likes Like |Link to Comment
  • An Emerging Markets View Of Gold [View article]
    Currency.
    Apr 16 02:29 AM | 2 Likes Like |Link to Comment
  • 'Frontier Investing': Big Gains In Vietnam [View article]
    Good morning Vietnam!
    Apr 15 04:18 PM | Likes Like |Link to Comment
  • 'Frontier Investing': Big Gains In Vietnam [View article]
    Lot's of ways to get exposure into Vietnam. Feel free to contact me.
    Apr 15 04:17 PM | 1 Like Like |Link to Comment
  • 'Frontier Investing': Big Gains In Vietnam [View article]
    Terry, I'm glad you are interested in education in Vietnam. I recently posted this on my site http://www.alphavn.com : Capital flight from West to East is a popular topic here at alphaVN. The signs and portents are all around us. But, identifying them and anticipating what will be built to accommodate the reality of it are two completely separate things. Twenty years from now London and New York may not be the global centers for business but it is likely that English will still be the language of international trade as it is currently. More than $110 billion USD was spent in 2011 on English language teaching services by more than 2 billion people.

    If that doesn't whet your appetite on the possible business opportunities that exist in this market, frankly, I don't know what will.

    Last week Microsoft inked a deal with India to create virtual educational services for more than 7.5 million people in the biggest cloud computing deal in history. How much of those services will be put towards language teaching is unknown, but it highlights the growing inter-connectedness of education and the rapid changes that are taking place in the industry. Last year, Vietnam's FPT Corp. signed a similar deal with Microsoft to develop cloud computing resources here.

    Americans are paid well to be brought overseas to teach English in places like Vietnam and Japan, but the wages are not compelling enough to bring them over in numbers that can fill demand. For those who are young, unattached, and most importantly unemployed, it has represented an opportunity to leverage that college degree and native speaking skills to launch a career from. At present 34 million Americans work from home and that number is due to rise to 63 million by 2016, 43% of the workforce. Technology enables this. High energy prices make traveling to work unprofitable and employers who are not willing to relinquish control over their staff will find themselves presiding over bankruptcy filings and not balance sheets.

    The bring the worker to the job model is just not meeting the demand for a number of services and where it is doing so it's at a price that relegates it to specialized circumstance. Flying a foreigner in and plunking them down in Tokyo, Bangkok or Hanoi to teach in-person is becoming hideously out-dated. On-line courses are offered for everything else, why not English tutoring? The Khan Academy offers parents the opportunity to home-school their children in dozens of subjects. But it started with a guy, some drawing software, movie creating software and YouTube.

    Why not the Khan Academy for teaching languages?

    What is stopping someone with a Skype account, good grammar skills and a website from marketing themselves into a business connecting directly with non-native speakers to tutor them directly over the internet? Only their imagination.

    What's stopping someone from being the organizer of the tutors, creating the lesson plans and setting schedules for tutoring? Nothing. Crowdsourcing via Skype is also trivial.

    The up front costs are minimal. Finding tutors at places like Elance and Guru is easy. Crowdsourcing vis Skype is also trivial.

    In Vietnam every child must take English classes in primary school but the quality of the instruction is poor. The intentions of the mandate are excellent, but the implementation is lacking. Importation of native speakers is just too expensive. The teachers themselves are not-native speakers and often have to be tutored themselves. The children get a rudimentary understanding of how the language works if at all and fluency is usually only achieved through outside instruction.

    This is an evolution that the market absolutely needs as the centers of commerce move East. Much of the expertise of the West is locked up in English speaking people. Now, think about what one person with as little gear as an iPad can do to open that communications channel.
    Apr 15 04:15 PM | 3 Likes Like |Link to Comment
  • An Emerging Markets View Of Gold [View article]
    Silver bullion and coins make a great alternative. Sometimes people over-think the comparisons of silver and gold. Good investing.
    Apr 15 11:17 AM | 1 Like Like |Link to Comment
  • An Emerging Markets View Of Gold [View article]
    Again, while I agree in principle about the mechanics of gold jewelry as an investment and prefer bullion because of the lower premium to spot (generally 3-10% depending on the product and location), the point is that gold is a diversification strategy that has no counter-party risk and whose purchasing power is generally constant through time

    Jewelry premiums are also highly dependent on grade. Inputs like labor and energy are the same for 10k vs. 24k jewelry therefore as a percentage of the purchase price 24k gold should be the better investment. Lastly, if you only thinking of your jewelry in terms of selling it to a smelter, then yes you will get destroyed. Who you sell to is as important as what you are selling. Basic economics there. When money dies, and we've seen it happen in Vietnam enough times, you won't be thinking about what your yield was when you sold, only what you were able to buy when no one else could.
    Apr 15 09:58 AM | 1 Like Like |Link to Comment
  • An Emerging Markets View Of Gold [View article]
    You are right and that is a very important change. Convertibility to gold is not on the table, and while that is the preferable system, the diversification angle is the take away point. For 50 years gold moved away from the monetary system and now it is moving towards it altering the supply and demand landscape for gold for the better and the U.S. dollar for the worse.

    That is a significant development that signals a fundamental shifting of the structrure of the world monetary system, that, yes, will still be fundamentally flawed.

    Gold is still used between central banks to settle some forms of international trade... if it wasn't the vaults at the BIS would be empty.

    Moreover, the focus of the article was about trading Gold, not it's role in the global monetary system. That's a different article for a different day. Thanks for the comment.
    Apr 15 09:46 AM | Likes Like |Link to Comment
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