Rinsa

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RINSA (Result Internacional S.A.) is a family owned asset management business based in The Principality of Andorra. Established in 1990.

Established in 1990 RINSA serves the investment needs of private individuals as well as giving advice in respect of companies and corporate structures. Confidential, bespoke and adhering meticulously to the new financial regulatory legislation, RINSA offers clients complete peace of mind together with absolute professionalism. At RINSA our clients are as different as their investment requirements. Be it income, capital growth, capital preservation or a mixture of all three, we design client portfolios to fit. As our clients lives change, so their objectives change, and so we change their portfolios. Every client is consulted about what they want from their investments, as well as advising us of the risk level they are comfortable with. Ours is a tailor made proposition. For companies we can help with establishing the most effective structures to keep tax at the lowest possible level, and in managing capital efficiently. RINSA is proud of its long history in Andorra, where we have been serving some families for several generations. We offer personal and consistent service; our clients can expect to deal with people they know and trust, people wholly familiar with their financial objectives who can devise exactly the right investment plan. If you would like to know more about us, or have an introductory discussion, please do not hesitate to get in touch, we speak English, Spanish, Catalan, French, Chinese and Russian.

03/09/2015

China continues to fall, and thus we have the correct policy to stay liquid. There is no good reason to invest at the moment. It is too late to sell and too early to buy, so stay liquid and wait for opportunities to come. At this time the most highly prised position is liquidity, so let’s enjoy it. But as with all falls there will be a buying opportunity in the future. The question is when?

Experience tells us to do certain things:

1. Buy a small amount and drip feed the account if further falls come.
2. Only buy stocks that are nearly certain to survive. i.e. the blue chips. It is pointless to but at the correct moment, but in the wrong stock.
3. Take a medium to long term view. The most difficult thing to get right in investing is the timing. In fact the timing is nearly always wrong and you are forced to sit it out. Don’t worry about this just wait and only panic if things get really serious, and that never really happens Microsoft, Apple and Ford might wobble but they will not fail.

Use the opportunity of the market to buy quality at a lower price.

David Le Mare
CEO Rinsa 3rd September 2015.

06/06/2014

Negative Interest Rates – our view.
• Negative rates have no impact on individual savers, only on banks
• The reduction in the headline rate of interest from 0.25% or 0.15% will impact savers as banks will lower interest rates on deposits.
• It should (but may not) be good news for those with variable rate mortgages or businesses loans.
• We expect individual savers to begin considering moving cash into better performing assets – this could be equities but may be also physical assets such as gold and property
• Banks may decide to lend more freely (which is the objective), alternatively they may simply pass on the cost of holding money on deposit via higher charges to customers, such as higher mortgage rates or bank charges.
• This is unknown territory and no one knows exactly what will happen.
• So far the euro has declined in value, which is to be expected. This helps European exporters and has the effect of raising the price of imported goods. The latter is bad news for consumers but good news for the European economy which is hovering close to deflation – rising prices help to push inflation up.
• In general markets seems to have welcomed the move by the ECB
• Aside from the headline grabbing use of negative rates to precipitate lending the ECB took other action which should help in their desire to stimulate lending and thus revitalise the European economy.
• These measures include a reduction in cost of loans from the ECB to other banks and the securitisation of small business loans. These are technical changes but should make a difference.
• In conclusion, negative interest rates have been tried before (Denmark) but not on this scale. The move is cautious one by the ECB, and we will have to wait and see how the market settles down and if lending, and thus economic activity, really does increase as a result. For individual savers it is a bitter pill and no likely to improve soon. We advise careful consideration before moving cash to higher yielding assets bearing in mind the risk associated with this. If deflation is around the corner cash is an appreciating asset, even if the amount in the bank is not increasing. Seek advice before taking actions you may regret later.

Dirección

Av. Carlemany, 121/4t
Les Escaldes
AD700

Página web

http://www.rinsa.ad/

Notificaciones

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