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Wiki Articles - Why Invest and How To Do It: Avoiding Landmines In Your Investing Life
At the beginning of the New Millenium, the concept of
investing, of “doing something” with your excess capital, has
never been stronger. While this applies to citizens
everywhere, nowhere has it hit home as much as in the U.S.
where many of our clients live and do business.
SAVINGS SHMAVINGS
Various “analysts” and “experts” have moaned that the savings rate of the U.S. citizen has gone negative. What they fail to un
SAVINGS SHMAVINGS
Various “analysts” and “experts” have moaned that the savings rate of the U.S. citizen has gone negative. What they fail to un
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
derstand...or choose to ignore...is that savings
no longer represents anything in the United States. First,
there is inflation, always understated by the government,
usually by at least 50%, which uses various tricks and
numbers games to convince the unwary that all is well. The
value of savings is constantly going down.
Additionally, the American Internal Revenue Service has chosen to tax even the negligible rate of
Additionally, the American Internal Revenue Service has chosen to tax even the negligible rate of
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
return on savings,
actually punishing sound savers for doing so. The “market”
has responded by pulling savings out of the banks and
risking it on what is arguably one of the strangest bull
markets in history.
KEY QUESTIONS
But two questions come to mind: (1) Why should anyone invest? and (2) how should they go about it?
While we would not claim to have the definitive answers to either question, we feel we have en
KEY QUESTIONS
But two questions come to mind: (1) Why should anyone invest? and (2) how should they go about it?
While we would not claim to have the definitive answers to either question, we feel we have en
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ough background to at
least offer some suggestions.
WHY DO IT AT ALL?
1. To get a better rate of return than one can get on bank savings.
2. To create a large enough egg to retire on without having to sacrifice your current quality of life, particularly if you happen to live longer than expected.
3. To provide for the ever growing cost of your children’s university educations.
4. To safeguard yourself
WHY DO IT AT ALL?
1. To get a better rate of return than one can get on bank savings.
2. To create a large enough egg to retire on without having to sacrifice your current quality of life, particularly if you happen to live longer than expected.
3. To provide for the ever growing cost of your children’s university educations.
4. To safeguard yourself
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
should major illness strike.
5. To ensure that your spouse and children are not left destitute should you die.
6. To provide funds for travel, study, rest and recreation.
7. To pay off debts and obligations and to live as credit-free as possible.
8. To take full responsibility for your life and not rely on government doles, pensions and/or Social Security Systems should they fail, a distinct possibility in
5. To ensure that your spouse and children are not left destitute should you die.
6. To provide funds for travel, study, rest and recreation.
7. To pay off debts and obligations and to live as credit-free as possible.
8. To take full responsibility for your life and not rely on government doles, pensions and/or Social Security Systems should they fail, a distinct possibility in
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
the
future.
9. Add
10. Your
11. Own
How?
Here we’re going to explore a lot of possibilities. Some of the thoughts are ours; others came from sources whom we’ve come to both admire and respect. In any case, you’ll need to choose what works for you.
First, we believe you need to work out who you are as an investor. Much of what you do should be based on your own personality, knowledge and wh
9. Add
10. Your
11. Own
How?
Here we’re going to explore a lot of possibilities. Some of the thoughts are ours; others came from sources whom we’ve come to both admire and respect. In any case, you’ll need to choose what works for you.
First, we believe you need to work out who you are as an investor. Much of what you do should be based on your own personality, knowledge and wh
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
at makes you feel
comfortable.
We suggest that you honestly evaluate the kind of person you are. Do you really like risk? Are you the kind of person who likes to plunk down $20 to $100 bets on impulse at the racing track or casino?
Or are you the kind of person who, 50 years ago, would have been exclusively into blue chips, utilties and similar “safe” investments, holding on for the long haul? And who, if he does visit
We suggest that you honestly evaluate the kind of person you are. Do you really like risk? Are you the kind of person who likes to plunk down $20 to $100 bets on impulse at the racing track or casino?
Or are you the kind of person who, 50 years ago, would have been exclusively into blue chips, utilties and similar “safe” investments, holding on for the long haul? And who, if he does visit
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
a casino, plays quarter slot machines and avoids
the expensive games?
Maybe you are a combination of these, wanting solid investments, but willing to take a risky flyer now and then?
Whatever the case, we feel you need to consciously recognize who you are as an investor, what kind of player you’ll be at the table, no matter in which country that table may be set up. (There is nothing “wrong” with being at one end of the spe
Maybe you are a combination of these, wanting solid investments, but willing to take a risky flyer now and then?
Whatever the case, we feel you need to consciously recognize who you are as an investor, what kind of player you’ll be at the table, no matter in which country that table may be set up. (There is nothing “wrong” with being at one end of the spe
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
trum or the other. One is not “better” than the
other.) The reason is simple: If you invest contrary to your
nature, you are not going to be happy with your investment
strategy nor will you sleep well.
CONSERVATIVE?
If you’re strictly conservative, making a lot of high risk investments will leave you feeling out of control, nervous and very out of sorts. You won’t trust your choices, will trade emotionally, gettin
CONSERVATIVE?
If you’re strictly conservative, making a lot of high risk investments will leave you feeling out of control, nervous and very out of sorts. You won’t trust your choices, will trade emotionally, gettin
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
g out of those which frighten you because
of their volatility, just when you should be letting some of
them ride. Or, worse, remaining in losers long after they
should have been dumped, buying more of that stock on the
downhill run, desperately trying to recoup your losses. Your
emotions will seriously colour your choices, never a good
investment method.
GAMBLER?
At the opposite end, if you’re risk taker, trading sl
GAMBLER?
At the opposite end, if you’re risk taker, trading sl
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ow moving,
stodgy and conservative stocks will leave you totally bored
and unsatisfied with what you’re doing. You’ll miss the
excitement of the game and will constantly be wanting to get
out of the slow movers into something with more pizzaz, as
the Americans put it.
So, to quote the old adages, “Know Thyself” and “To Thine Own Self Be True.” Only in this way will you find satisfaction, happiness and peace of mind.
S
So, to quote the old adages, “Know Thyself” and “To Thine Own Self Be True.” Only in this way will you find satisfaction, happiness and peace of mind.
S
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
econdly, we believe you need to work out a
philosophy of things in which to invest. Find areas of
investment which interest you. If you understand energy
issues, for instance, there are plenty of both high risk and
conservative stocks and commodities in which to invest.
You’ll enjoy continuing to study the field, happy that you are
working with known values.
If you have a good background in technical or biomedical is
If you have a good background in technical or biomedical is
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ues, you’ll be far more knowledgeable in your investment
choices sticking to these areas.
One group which we’ve studied, relies on what they call “freedom” issues, companies which produce goods or services which empower individuals, which makes things either cheaper to buy or easier to use. They scour the world, willing to make investments anywhere they find solidly managed companies which are making a difference in the wa
One group which we’ve studied, relies on what they call “freedom” issues, companies which produce goods or services which empower individuals, which makes things either cheaper to buy or easier to use. They scour the world, willing to make investments anywhere they find solidly managed companies which are making a difference in the wa
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
y we live, “freeing” us up to expand our lives. We find this
particular philosophy a sound one. However, you may have
an entirely different one which suits who you are and what
you know. Keep to it.
Thirdly, you need to plan some constant study. Never before in the history of humankind has there been such a rate of change as we’re experiencing now. And the rate itself is increasing. What was sound six months ago
Thirdly, you need to plan some constant study. Never before in the history of humankind has there been such a rate of change as we’re experiencing now. And the rate itself is increasing. What was sound six months ago
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
is
unworkable today, simply because some new technology
has entered the picture. Old industries, once considered
financially sound, are being overtaken by newer
technologies...or being undercut by the same industries
located in other countries with a far lower labor rate and
materials cost.
Technology changes even the old. Robotics, really instituted by the Japanese whose “old” infrastructure was completely destroyed du
Technology changes even the old. Robotics, really instituted by the Japanese whose “old” infrastructure was completely destroyed du
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ring WWII, almost totally overtook
the American auto industry which was relying on 1930s
technology in old and very outmoded factories. That
particular US industry either had to change...or fold. They
changed. Note, however, how that changed the fate of the
autoworkers unions. They, too, had to adapt, to go with the
new realities.
CONSTANT EDUCATION
So you must keep constantly educated as to the newest developme
CONSTANT EDUCATION
So you must keep constantly educated as to the newest developme
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ts in your field of interest. And no longer can
you restrict your education to just what is happening in your
own country. Changes and improvements in other
countries will rapidly impinge on world markets. Keeping
up with such changes is your best insurance that you’ll stay
ahead of your investment game.
GLOBAL VISION
Fourthly, Learn to Think Globally! It would be difficult to overstate this critical
GLOBAL VISION
Fourthly, Learn to Think Globally! It would be difficult to overstate this critical
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
strategy. Virtually all markets
are now international. India, as an example, has some of
the best computer programmers in the world. Their
software products are world class. They can compete with
anyone. And they do it at wages lower than most of the
“developed” nations. If you’re investing in technologies and
ignore the information and products coming out of India,
you’re playing with a short deck.
Other countries, t
Other countries, t
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
oo, are growing in their competitive
structures. Individuals, as never before, are acting as
corporations, able to do business from anywhere in the
world which connects to a modem....or a satellite. Creative
entrepreneurs, carrying six pound laptops, are complete
businesses, able to compete with anyone, anywhere.
ADAPTATION
And Fifth, learn to adapt. Even if you’re a conservative, work to become used to the
ADAPTATION
And Fifth, learn to adapt. Even if you’re a conservative, work to become used to the
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
idea of being
ready to change your game plan quickly when new
information becomes available. Sticking with the old, which
has already become outmoded even though it’s only a few
years - or a few months - old, is a recipe for financial
disaster. Think of being a chameleon, ready to shift to the
new background while still maintaining your sense of who
you are and how you best work.
We wish you happy and successful investing
We wish you happy and successful investing
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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