Not exact matches
China's
huge portfolio of NPLs at the end of the 1990s (perhaps as much as 40 % of total loans) was resolved by a decade of severe
financial repression, so that lending rates of around 7 % — in an economy in which GDP grew nominally by 18 - 20 % and the GDP deflator usually exceed 8 % — implied substantial debt forgiveness.
You raise some interesting points: young people are told that they should start investing early but there is precious little guidance because independent
financial advisors require a
huge minimum
portfolio and advisors who accept small accounts are simply salespeople interested in pushing product.
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First, leveraged and inverse ETFs are
financial dynamite, and holding them in your
portfolio for any length of time can create
huge losses.
: A Guide to Exposing
Financial Chicanery and Avoiding
Huge Losses in Your
Portfolio.
Accomplishments • Reconciled a clients»
financial statement which he claimed had gone haywire because the bank had deducted a
huge amount • Successfully processed online transactions for 1500 clients in one day, following holiday rush • Met sales goals by a 100 % between (2011 and 2014) by selling all allotted credit cards to existing clients • Introduced the concept of «personalized home services» for clients with sizeable
portfolios, resulting in increased interest in the bank's services