So everyone ends up making the wrong decisions because the initial investors get into the scheme by chance. More and more people want to become rich without really understanding the process involved. When the rest of the world is going mad, the investors must imitate them to some extent. As Adam Smith asserted, “Emulation is the most pervasive of human drives.” Also, the potential investor will look foolish if he lets a good investment opportunity go by. As Keynes wrote, “Worldly wisdom teaches us that it’s better for the reputation to fail conventionally than succeed unconventionally.” Greed The attraction of easy wealth is something that investors cannot resist. Illegitimate MLM schemes promise huge returns in a short period of time vis-a-vis other investments available in the market at that point of time. With stories of previous investors who made a killing by investing in the scheme, investors get caught in the euphoria that is generated and hand over their hard earned money to such schemes going against their common sense. Greed also results when investors see people they know make money through this scheme. As Charles Kindleberger wrote, “There is nothing so disturbing to one’s well being and judgment as to see a friend get rich.” In a country like India where the per capita income is low and around a quarter of the population lives below the poverty line, the chances of people falling for illegitimate MLM schemes are even higher. Overconfidence and over-optimism Researches in psychology shows, most people rate themselves high on most of their positive personal traits. People are also overconfident about their ability to make accurate estimates. They generally tend to be over-optimistic when they are directly involved and have had no negative experience from the over-optimism. They are overconfident that they themselves will not be victims of financial frauds.
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However, there are many MLM businesses that are legitimate opportunities and many people looking for a home business idea are perfectly happy starting an MLM business. What Is an MLM Business? One reason people are confused about MLM businesses is that they aren’t sure what they are. Multi Level Marketing companies are those that give a percentage of the money each person earns to the person that recruits that person into the company and a portion to the person who recruited the person in the second tier and so on. MLM opportunities are actual businesses that sell products, usually through house parties or catalog sales. They have gotten a bad rep because some people have lumped them in with pyramid schemes, which are elaborate scams that are in no way related to legitimate MLM opportunities. A pyramid scheme makes money by having each new group of people joining the scheme pay into a pool, which is divided up into different percentage amounts for each tier of the scheme that joined before the newcomers. Eventually, the people who started the pyramid will leave, taking most of the money with them or people will stop joining the bottom tier, causing the scheme to collapse. Reputable MLM businesses include well known brands like Avon, Creative Memories and Southern Living at Home. Tips for MLM Success Some people are highly successful with MLM businesses and others make little or no income. There are a few things anyone who wants to start one of these businesses should consider before making his or her final decision. Before choosing an MLM company to sell for, the prospective new business owner should do a bit of research on the competition.
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The firm currently has a $99.10 price objective on the stock. Zacks price target points to a potential upside of 3.16% from the stocks previous close. The stock had a trading volume of 114,933 shares. Martin Marietta Materials has a 52 week low of $80.42 and a 52 week high of $113.65. The stock has a 50-day moving average of $97.21 and a 200-day moving average of $101.. The company has a market cap of $4.471 billion and a price-to-earnings ratio of 45.44. Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.14 by $0.25. The company had revenue of $562.70 million for the quarter, compared to the consensus estimate of $596.80 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The companys quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Martin Marietta Materials will post $2.60 EPS for the current fiscal year.
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We do not want to spend huge money to set up a big administration to control MLM companies because after implementing the strict law, this MLM system will dry out, an official of the ministry said Thursday. The official also said the government had moved from the idea of setting up a directorate and will now only set up a registration office to be run by the National Consumer Rights Protection Department (DNCRP) or the Registrar of Joint Stock Companies and Firms (RJSC). The new law, if executed properly, should prevent the rampant swindling that has so far been practiced by various MLM companies, the official said. In the nine years since the practice began in Bangladesh, at least 100 large and small MLM companies have cheated at least 50m people out of their savings. Department of Cooperatives officials said roughly Tk100bn had been collected from clients by MLM companies in the last four years alone. The Ministry of Law, Justice and Parliamentary Affairs Thursday issued a gazette notification regarding MLM activities monitoring ordinance 2013, which will pass in the next parliament. The government will take action against fraudulent MLM firms to stop them from swindling common people within 90 days of setting up the MLM registration office, Commerce Secretary Mahbub Ahmed told the Dhaka Tribune. He also said they would open the registration office within a week and require MLM firms to submit their registration proposal within the stipulated time. Regarding the registration of Destiny, the secretary said the now defunct MLM company would apply to the proposed registration office and its application would be verified according to the MLM law. The MLM directorate or registration office will appoint administrators if necessary, especially if that MLM company has already swindled people, he said. People who will be involved in this kind of fraud will be punished with 10 years imprisonment, he added. Jubok, Unipay2U and Destiny were the big names in the MLM business. Bangladesh Bank closed Jubok in 2005 for illegal banking and the government closed Unipay2u in 2010 and Destiny in 2012.
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In fact, any law is worthless if not followed up with strict enforcement The government has passed the Multi-Level Marketing Activities (Regulation) Bill-2013 to put an end to MLM companies using the pyramid scheme to fleece people out of their money. Numerous people have already become victims of such schemes, and lost vast sums. The companies guilty of swindling these people must be held accountable and the victims should have their money returned to them. While we are happy to see this piece of regulation being passed, we must reiterate that merely having such regulations is not enough. In fact, any law is worthless if not followed up with strict enforcement. Up until now, there had been no regulation in place to put a check on such fraudulent activities. Thus, a number of companies had been able to take advantage of the situation, allegedly procuring licences through secondary parties, marketing substandard products, violating packaging rules and charging exorbitant prices for their products. These companies need to be charged with these crimes and punished accordingly. Likewise, more should be done to prevent such scams in the future. The only way to ensure this happens is for the MLM law to be fully implemented, allowing no room for corruption, and for all guilty companies to be held accountable.
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Fitch Affirms Martin Marietta Materials’ IDR at ‘BBB-‘; Outlook Stable
ET My Fun Life MLM Official Launch is Now Less than One Week Away Text Thousands of People are Already Pre-Registered for the Program, which Will Train People on How to Build a Smart Phone App Business MELBOURNE, Australia, June 4, 2013 /PRNewswire-iReach/ — My Fun Life MLM, a new multi-level marketing system that can help people earn a significant passive income from home, is about a week away from its official launch. A young man named Jacob is a founding member of My Fun Life MLM; he wants to help others create a successful smart phone app business within the MLM business model. Through his BIZZAMBO distributorship and an online teambuilding system called The Instant Downline, people will get access to an automated and free team recruitment system that was designed exclusively for My Fun Life MLM. (Photo: http://photos.prnewswire.com/prnh/20130604/CG25774) During the My Fun Life MLM pre-launch time period, thousands of people have pre-registered for the system. Those who are interested in securing a founding position are still welcome to register before My Fun Life MLM officially takes off. In recent years, multi-level marketing systems have grown rapidly in popularity. As the economy continues to struggle in many parts of the world, many people are becoming interested in learning more about MLM systems and how they can help them earn residual income by working from home. As an article about the My Fun Life MLM compensation plan explains, participants need just 12 people in their company in order to get back their monthly investment of $21; in essence, this will allow them to be part of the program for free. By using the power of something called the 3×10 Forced Matrix, people can build a successful system that can pay out an often impressive amount of income. “A problem that other matrix compensation plans have is that if a member in the matrix drops out…
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by Sathish Govind PETALING JAYA: Multi-level marketing sector (MLM) is likely to benefit from an inflationary environment arising from the Goods and Service Tax (GST) and subsidy rationalisation programme, an analyst in a stockbroking firm said. Kenanga Investment Bank Bhd analyst Lawrence Yeo Eng Chien attributes this to the increase involvement by the lower middle-income group with MLM activities, thus providing them with higher return on spending as well as additional side-income. He said that given the weaker outlook in the broader consumer sector, it expects the investors interest to gradually shift towards the under-appreciated MLM subsector. Yeo said that it anticipates the MLM segment to continue to deliver decent earnings growth where this will be achieved through continuous effort to enhance product mix, all year long campaigns and promotions, and also to continue expanding new market channel via more distributors/ member recruitment. He said that the attractive dividend yields offered by MLM companies could be another eye catcher for investors. On stock picks, Yeo said that its top pick was Zhulian Corp Bhd in the consumer sector, while Hai-O Enterprise Bhd and Amway (M) Holdings Bhd earnings remained intact and the earnings of both these companies are achievable. Reviewing the consumer sector as a whole, Kenanga Investment Bank said that it affirmed a Neutral weighting on almost all the subsectors of the consumer sector such as the food and beverages, retail, tobacco and the brewery industry. Yeo said that its Neutral rating is premised upon the general lofty valuations and tepid earnings growth for earnings growth for consumer stocks. He said that unless the companies under coverage can demonstrate the ability to shore in the seasonally stronger second- half of 2013, it may have to downgrade the consumer sector from its current Neutral rating.
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Add to Sign in to YouTube Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to add Angela Hardy’s video to your playlist. http://angelamarketing.com/?t=MLMbiz You are online to investigate further MLM business. Can an MLM business really earn you a decent enough income to make your effort worthwhile? Does running a network marketing business really make sense? As I explain in this video, whether you can earn an income from an MLM business opportunity really depends on several factors. First of all you need to ensure you are with a reputable, stable MLM company. Your mlm business plan should certainly start with choosing the right company! There are so many MLM home based business opportunities it is important that you choose one which is a good ‘fit’ for you. http://angelamarketing.com/?t=MLMbiz It is also really important to your chance of success in your MLM business to ensure you are working within a supportive team who will provide you with support and training when you are just getting started. Any successful MLM business person started out somewhere, everyone needed support and an MLM business plan at the beginning. Another key to success in your MLM business is to have an MLM marketing system which will help you to build up your online MLM business presence. With any network marketing business or mlm business you need to have a method of generating leads once your warm list has run out.
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Construction spending during the first half of 2013 increased 5.1% compared to the same period last year. Private residential spending is projected to grow 20.9% while private non-residential construction is expected to advance 2% during 2013. Public non-residential construction spending is projected to remain flat this year. Fitch expects industry aggregates shipments will grow in the low-single-digit percentage range this year, with gains in residential and non-residential construction and a slight decline in volumes directed to the public infrastructure construction segment. Aggregates volume during the first half of 2013, particularly shipments to the public infrastructure sector, was negatively affected by wet weather conditions. Assuming more normal weather patterns, Fitch expects slightly stronger volume gains during the second half of the year. Fitch also expects industry aggregates pricing will grow in the low-single-digit range, similar to the historical long-term industry average annual price growth of 2%-3%. For calendar year 2014, Fitch projects total construction spending will increase 10.7% compared with 2013. Private residential construction spending is projected to advance 22.7% while private non-residential construction is expected to grow 5% in 2014. Public construction spending is projected to increase 3% next year. RATING SENSITIVITIES Future ratings and Outlooks will be influenced by broad construction market trends, as well as company specific activity, including FCF trends and uses. A positive rating action may be considered in the next 12 to 18 months if MLM performs in line with Fitch’s 2014 expectations, including revenue growth in the high-single digits, EBITDA margins above 20%, debt-to-EBITDA comfortably in the 2x-2.5x range, FFO-adjusted leverage at or below 3.0x, and interest coverage consistently above 7.5x. Negative rating actions could occur if the company’s leverage is consistently above 3.5x and FFO-adjusted leverage is above 4.25x.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/08/08/ny-fitch-ratings-mlm-idUSnBw085804a+100+BSW20130808