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One form of "manna" in India for 1,000s of years has been Gold -- so how do the very Poor save it ?
Voila ! -- a cell-phone-based golden Carbon Manna(SM) micro-ETF or micro-DRIP or micro-Equity nirvana for the homeless and/or very poor in India
As invented in March 2010, here below is the text from the slides I presented at the Hanson Wade microfinance conference in Amsterdam in May 2010.
This is just another example of micro innovation from the Micro Revolutions Institute(SM) in San Diego, California. Clearly the deep-debt purgatory rut from Dhaka is impossible to escape:
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Slide # 1:
Equity Manna(SM) -- an example of “micro” innovation
Equity Manna(SM) = Cell-phone-based purchasing of micro amounts of stocks & ETFs via MMT (mobile money transfer)
Using existing DRIP plan (Dividend Reinvestment Plan) software that divides shares of stocks or ETFs into 1/10,000ths, any financial instrument can be micronized for a micro-DRIP or a micro-ETF investment plan for the poorest of the Poor
Using 100 years of stock returns as a guide, the Poor in any country should buy stock in their own national telecom carrier -- viz., in Safaricom (Kenya), PT Telkom Indonesia or China Mobile. Etc.
Question: Are national lotteries a better asset allocation plan for the Poor in Africa or Asia ? There is a strong inverse correlation between annual income and participation in lotteries and gambling. Which, then, is better ? -- Equity Manna(SM) or games of chance ? Let the Poor decide.
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Slide # 2:
Equity Manna(SM) -- an example of “micro” innovation (cont.)
One concrete and important example -- even the poorest of the Poor worldwide should be able to own part of the so-called "People's Central Bank" -- the SPDR (Standard & Poor's Depositary Receipt) Gold Trust ETF or "GLD" on NYSE
Even poor (and wealthy) Indians have stored their wealth in gold jewelry for centuries. This new idea is merely a modern version of owning physical gold
At least one gold ETF already trades on the Bombay & National Stock Exchanges in India -- the Kotak Gold ETF (KGEFT), meaning this innovation could be implemented immediately for 100s of millions of the Poor in India
References:
-->> http://finance.yahoo.com/q?s=GLD
-->> http://dekadrakma.blogspot.com
-->> http://carbonmanna.blogspot.com/2010/02/micro-revolutions-off-wall-street-micro.html
-->> http://www.kotakmutual.com/kmw/product/kotak-gold-ETF-funds.htm
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Cited from my presentation at:
"Micro Financial Services World"
[ organized by Hanson Wade ]
11-12 May 2010, Amsterdam City Centre, The Netherlands
http://www.mfs-world.com
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Globally & warmly yours,
David A. Palella
The Robin Hood of Microfinance
& Founder
CARBON MANNA UNLIMITED
http://www.carbonmanna.org
http://carbonmanna.blogspot.com
http://twitter.com/CarbonManna
http://www.linkedin.com/e/vgh/1794312/
The "Micro" Revolutions Institute(SM) Established by Carbon Manna
http://www.prweb.com/releases/2010/04/prweb3908584.htm
Carbon Manna announces The Micro Sustainability Prizes(SM)
http://www.prweb.com/releases/2010/01/prweb3459274.htm
http://www.marketwire.com/press-release/Carbon-Manna-Unlimited-1065919.html
http://www.marketwire.com/press-release/Carbon-Manna-Unlimited-1033328.html
http://www.marketwire.com/press-release/Carbon-Manna-Unlimited-1007638.html
http://www.marketwire.com/press-release/Carbon-Manna-Unlimited-991442.html
http://www.marketwire.com/press-release/Carbon-Manna-Unlimited-953397.html
I will be/was a speaker or keynote speaker at:
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2nd Kenya Diaspora Int'l Conference & Investment Forum
20-22 August 2009, Atlanta, GA
http://www.kenyaopen4business.com
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"Microfinance for Institutional Investors"
21-22 Sept. 2009, Washington, DC
http://www.hansonwade.com/events/microfinance-for-institutional-investors/index.shtml
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"Micro Financial Services World"
[ organized by Hanson Wade ]
11-12 May 2010, Amsterdam City Centre, The Netherlands
http://www.mfs-world.com
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4th Microfinance Investment Summit
06-07 October 2010, Central London
http://www.microfinancesummit.com
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