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September 19 thru 21 are the dates for this year�s convention at the scenic Aventura Spa Pacific Resort on the Riviera Maya, Mexico. Register before August 26 and you will receive up to $1,500 in room credits.

For registration and info click here.

In Just A Few Minutes You Could Be Reading Your Favorite Issue Of BarterNews

All 64 Issues are now loadable �click here.

IRTA Announces New, Valuable Member Benefit

Due to the increase in the number of reported contractual problems and client account issues resulting from barter exchanges using third-party barter software programs, IRTA is now offering free barter software contract-review services for its members.

IRTA members may now receive a legal contractual analysis of the terms and conditions of their existing or proposed barter software contracts. IRTA has retained the resources of a licensed corporate attorney with over 30 years of domestic and international business and barter industry experience to assist it in providing this important value-added service.

The free contract summary for IRTA members will include, but is not limited to review of disengagement provisions, account ownership, and damage clauses in the event the barter exchange user elects to terminate the software provider�s service.

Knowing what should, or should not, be in a barter software contract is critical to the successful operation of a exchange. Such knowledge will prove helpful to exchange owners so as to avoid potentially disruptive problems in the future.

For more information contact executive director Ron Whitney at ron@irta.com or by phone (757) 393-2292

Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company�s listing on BarterNews.com isn�t current, you are definitely missing out on new business. The web site BarterNews.com receives heavy traffic � with over 150,000 page-views every month. Entrepreneurs and corporate executives check the thousands of articles, the weekly �Tuesday Report,� and the �Contacts Section� of our site. They use the latter to find barter companies with which to do business.

Is your barter company�s listing up-to-date?

To keep your listing current is very easy. See the links below to (A) update any changes to your company�s listing, such as new location, phone number, web site or other information, and (B) if your company has not been listed.

Here�s how to get on board:

To make changes to your listing click here.

For new listings click here.

Divisive Cliques Divide Staff

Where does the difference lie between friendly social groups and divisive cliques? It can be hard to tell � until you realize that your company has a problem. Even though you can�t change how your employees feel about each other, there are several ways to keep the business functioning:

�         Stay neutral. Remain objective and investigate conflicts from both sides. Gather all the facts first, before taking action.

�         Build relationships with all individuals. Although groups may see themselves as very different from each other, don�t let group politics distract you from getting to know each person.

�         Keep everyone focused on the work to be done. Talk briefly with each group or team about the need to work together. Maybe write out procedures to follow that assures they interact to succeed.

�         Try to bring cliques together. Once you are sure that the necessary work is being done, build on inclusive work relationships.

Ten Indestructible Stock-Market Myths

1) This is a good time to invest in the stock market.

Really? When was the last time your broker warned clients that it was a bad time to invest � October 2007 or February 2000?

2) Stocks on average make you about 10% a year.

Stop right there. This is based on some past history, stretching back over 100 years and it�s full of holes. Experts suggest 5% may be more typical. And stocks only produce average returns if you buy them at average valuations.

3) Our economists are forecasting ...

Hold on. Ask your broker if the firms� economist predicted the most recent recession, and if so, when. Warren Buffet once said forecasters made fortune tellers look good.

4) Investing in the stock market lets you participate in the growth of the economy.

Tell that to the Japanese � since 1989 their economy has grown by more that a quarter, but the stock market is down more than three-quarters. For the U.S., from 1969 to 1983 the GDP rose from $1 trillion to $3.3 trillion, yet the Dow remained steady at 1000.

5) If you want to earn higher returns, you have to take more risk.

Tell that one to Warren Buffet, who prefers boring companies and industries. The only way to earn higher returns is to buy stocks cheap in relation to their future cash flows.

6) The market�s really cheap right now. The P/E is only about 13.

The highly quoted price/earnings ratio, which compares share prices to annual after-tax earnings, can be misleading. Mostly because earnings are so volatile in that they�re elevated in a boom and depressed in a bust. No metric is perfect, but three with good track records are dividend yield, cyclically adjusted PE ratio, or Tobin�s q.

7) You can�t time the market.

This old adage is great for keeping clients fully invested. If you invest in shares when they�re cheap compared to cash flows and assets, you will usually do very well. But if you invest when shares are very expensive, you will probably do badly.

8) We recommend a diversified portfolio of mutual funds.

If this means diversifying across things like cash, bonds, stocks, alternative strategies, commodities and precious metals, then that�s good advice. However brokers usually mean different names and �styles,� as in large-cap value, mid-cap blend, and so on. These are gimmicks, for example there is no such thing as mid-cap blend.

9) This is a stock picker�s market.

Just about every market can be defined as a �stock picker�s market,� yet the lion�s share of investment returns has typically come from asset classes (see #8) rather than individual investments. Even if it is a stock picker�s market, what makes you think your broker is the stock picker in question?

10) Stocks outperform over the long term.

Define long term, please! If you can be down for ten or more years, exactly how much help is that? As economist John Maynard Keynes once said: �In the long run we are all dead.�