August 23, 2011
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Consumers Paying Down Credit-Cards
U.S. credit-card debt shrank 5% in the second quarter from a
year ago, approaching a 10-year low. Consumers have been
tightening their belts and working second jobs to pay off
their credit-card bills. And more consumers are setting up a
savings account once they�ve worked their way through their
plastic debt. The goal for most is having at least three
months of cash to cover living expenses and preventing
emergencies from sending them back into the red.
Non-Profit Mentors Women Business Owners
The non-profit organization Count Me In helps mentor and
grow female-owned businesses. They are behind the movement,
�Make Mine a Million $ Business,� with an ultimate goal to
get 1,000 women business owners to the million dollar mark.
The organization is coming to Philadelphia, September 25 &
For more information
Unique Trading Marketplace
A real estate and personal property barter session is
scheduled for October in Oklahoma City. It�s where
merchandise, services, real estate, boats, cars, and excess
inventory are traded via a flat visual exchange auction
Thoughts To Ponder:
�The way to do research is to attack the facts at the point
of greatest astonishment.�
�Celia Green, British
writer & philosopher
�Inspiration usually comes during work, rather than before
�Madeline L. Engle,
�It is as impossible to withhold education from the
receptive mind, as it is impossible to force it upon the
�Friendship is always a sweet responsibility, never an
Lebanese/American writer & philosopher
�We are what we pretend to be, so we must be careful about
what we pretend to be.�
back issues of "From the Desk...� can be accessed by
free to forward our newsletter to your friends and
colleagues. We have a �box� at the end of the
newsletter for your convenience.
See you next week. . .)
32 Annual IRTA
Convention Coming Soon �
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
registration and info
In Just A Few
Minutes You Could Be Reading Your Favorite Issue Of BarterNews
Issues are now loadable �click
IRTA Announces New,
Valuable Member Benefit
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.
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.
more information contact executive director Ron Whitney at
firstname.lastname@example.org or by phone (757)
Is Your Trade Exchange Missing Out On
Valuable New Business?
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.
your barter company�s listing up-to-date?
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:
make changes to your listing
Divisive Cliques Divide
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
neutral. Remain objective and investigate conflicts from both sides.
Gather all the facts first, before taking action.
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.
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.
bring cliques together. Once you are sure that the necessary work is
being done, build on inclusive work relationships.
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
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.
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
7) You can�t time the
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.
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
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.�
Money-Making Reports Available From BarterNews
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant�s sales & profits.
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today�s New Age
There are many forms of secondary
capital�which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our �Secondary Capital Section.�
Check it out...
Get New Money-Making Ideas And
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
Company Mottos That Encourage Innovation
The following slogans show innovation is valued over possible
We reserve the right to make mistakes. (Hewlett-Packard)
Use your good judgment at all times. There will be no other rules.
(Nordstrom department stores)
We don�t shoot managers that err; we shoot managers who do not take
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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