關於 top 10 security company ，我們在網路上蒐集到這些相關的討論、資訊與評價

我買Vanguard的ETF後，如果Vanguard破產，那我的ETF也會歸零嗎？

Mel Lindauer在bogleheads中提到對這個問題的部分解釋。

The Vanguard Group Inc. （VGI）由於獨特的公司結構，讓基金資產收購了基金公司股東的股份，基金持有人成為基金的股東，因此Vanguard是由其發行的基金所持有以及提供資金來運作。

從實務面來看，除非Vanguard的每一個基金歸零，Vanguard才會破產。

如果Vanguard真的不幸發生問題，也有其他機制來保護。

Vanguard在Your security is a top priority for us提到

即使Vanguard真的不幸發生財務危機，投資人的資產一樣受到保障。

Vanguard的基金必須符合《Investment Company Act》（投資公司法）的規定。

《Investment Company Act》（投資公司法）是1940年美國國會通過的管理和規範投資公司的一項聯邦法律，規定共同基金必須將現金以及證券交由合格的監管機構，通常監管機構是美國銀行。

這一點讓投資人可以確定不論Vanguard發生什麼事，基金資產都留在監管銀行。

那如果監管銀行出問題呢？

《U.S. banking laws》（美國銀行法）一般規定銀行持有的共同基金資產必須被「隔離」開來不受銀行債權人或聯邦存款保險公司（FDIC）的扣押。

Vanguard也透過將資產交由不同銀行來監管來避免單一銀行出現財務危機，這些銀行包含The Bank of New York Mellon、Brown Brothers Harriman & Co.、JPMorgan Chase Bank、State Street Bank and TrustCompany.。

【玳瑚師父課室】《第28場回顧 - 保藏飯碗餐會》
28th Learning Session Recap - How To Secure Your Ricebowl
(English version below)

現今二十一世紀，我們家中的書房，早已是財政局、財政部、財房也。因此，每個人的居家，都一定要挪出一間房間，來做為書房，已即是財房。這當中是有其學問在的 。

玳瑚師父於2017年4月17日舉辦了，第28場《保藏飯碗餐會》，教導出席者書桌上的玄機，以助她他們保藏飯碗。

師父笑談，當初爲這餐會命名時，弟子問：「師父，這餐會的名字會不會太通俗？」

師父答，他就是要直接讓人知道餐會的主題。否則曲高和寡，沒人會聽得懂。但請大家相信玳瑚師父絕對是有深度。

現場一位女出席者點了杯西瓜汁，師父提醒她，吃錯喝錯就會打敗仗，飯碗當然就不保。

餐會精彩回顧：

一、 有些人很懶惰，但如果不想被淘汰，不要懶惰。有的人一直想跟師父學佛法，但八字已顯示她他是被動的，結果就錯過了。

二、 我們都要懂得變化，不可以十年都這樣。

三、 一間屋子哪個隔間代表財？

四、 爲什麼書房就是財房？

五、 爲何每一個家庭都必須要挪出一間房間做財房？

六、 玳瑚師父現場向一位女出席者說：「我這幾天收到妳的腦波發出來的訊息，說妳想請我幫妳孩子看八字。」

女出席者一臉驚訝，頻頻大聲地說：「對對對！」

七、 玳瑚師父的書中自有黃金屋。

八、 怎樣的書桌最吉祥？

九、 在桌子上應該放什麼最符合風水？

十、 公司有裝修，都是一種煞。

十一、 風水不祇是一般人以爲的那麼簡單，光線、氣味、和聲音都是風水。

十二、 現代的文房四寶是什麼？

十三、如果書房是共用的，還能夠催旺財運嗎？

十四、 家中爲何會出現敗家子？

十五、 怎樣的桌面會影響情緒？

十六、 電腦的牌子不旺妳你八字時，會有什麼影響？

十七、 出席者畫出她們辦公桌的情景，玳瑚師父現場免費看風水：

(a) 從圖片中，師父一一分析她們目前在公司的心態和前景，

(b) 師父驚人地指出，女客人在辦公桌上擺放孩子的照片，對孩子的健康和性格居然有這麼可怕的影響！女客人恍然大悟，還說師父真準！

(c) 師父指導應該如何在自己的桌上，防小人，及催旺自己的事業運。

(d) 不能在電腦螢幕上放這樣東西！

(e) 如何用風水防止輻射的傷害

玳瑚師父給於出席者滿滿的風水貼士，並告訴她們當晚所學的，足以讓她們在公司裡佔有一席之地了。

有師父的感覺固然是很好的，師父非常保護他的客人和學生，不允許別人來傷害妳你，但他不會永遠在妳你身邊，所以妳你要懂得保護自己，好好地運用在師父這裡學到的玄學知識和做人的道理。

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In the 21st century today, the study room in your house has already taken the role of the "Ministry of Finance" and the status being the Room of Wealth. Therefore, everyone must have a study room, aka the Room of Wealth in their house. There is great knowledge in this practice.

Master Dai Hu held his 28th Learning Session on the 17th April 2017, with the theme "How to Secure Your Ricebowl", imparting the secret role of the work desk, as a mean to job security.

Master laughed and recalled that when he was naming this Learning Session, his disciple asked if the name might be too unrefined and common.

Master answered that this would serve his purpose of directly letting people know what they can expect from this Learning Session. Using too highbrow a term will not be popular and only confuse people. But please believe that Master Dai Hu definitely possesses a huge wealth of experience, despite the seemingly common theme name.

One female participant ordered a glass of watermelon juice, and Master reminded her that the wrong consumption of food would lead to defeats, and eventually the loss of her job.

Learning Session Highlights:

1. Some people are lazy but they need to quit the habit before competition overtake them. There are people who had been wanting to learn the Dharma from Master Dai Hu, but their Bazi showed them as passive and reactive. Not having the drive to learn had cost them to miss out.

2. We must be open to change. We cannot stay the same for the next 10 years.

3. Which room in your house signifies wealth?

4. Why is the study room considered the Room of Wealth?

5. Why is it important for every family to turn one room into the Room of Wealth?

6. During the session, Master Dai Hu told a female participant, "I have been receiving strong brain waves which you sent out., that she wish to engage his Bazi analysis service for her child. The female participant was shocked and in a loud voice, said profusely, "Yes! Yes! Yes!"

7. There are plenty of treasures to be found in Master Dai Hu's book.

8. Which is the most auspicious type of study table?

9. What items should be placed on your desk for the best Feng Shui?

10. A company going through renovations always present a negative energy, otherwise known as Shar Qi.

11. Feng Shui is not as simple as what some people think. It includes lighting, smells and surrounding sounds.

12. How is the Scholar's Four Treasures of a Study Room represented in today's modern society?

13. Can a study room generate wealth luck if it is shared among family members?

14. Why does a family has a prodigal child?

15. What kind of table top can affect your mood?

16. What will happen if you use a brand of computer that is incompatible with your Bazi?

17. FREE Feng Shui advice from Master Dai Hu for the participants, who drew the layouts of their office desks:

(a) From the drawings, Master explained their current mindsets and prospects in their companies.

(b) Astonishingly, Master Dai Hu pointed out that placing photos of her child posed such adverse effects on the health and character of the child. It was a moment of epiphany for the participant and she commended the accuracy of Master Dai Hu.

(c) Master gave advice on how to guard against enemies, and enhance the career fortunes.

(d) He also advised against putting this item on the computer screens, and

(e) How to protect against radiation using Feng Shui.

Master Dai Hu gave abundant Feng Shui recommendations to the participants that night, and he told them that these advice is more than sufficient for them to have a respectable place in their companies.

It is a good feeling to have Master Dai Hu by your side, for he will protect his clients and students from harm. However, he will not be with you forever, so you must learn to protect yourself and make good use of the Chinese Metaphysics knowledge and life wisdom you acquired from him.

www.masterdaihu.com/第28場回顧-保藏飯碗餐會/

Pelaburan saham adalah perniagaan. Pemilihan syarikat yg betul adalah faktor penting sebelum pelaburan dilakukan. Salah membuat pilihan maka ianya menjadi 'peleburan'. Selamat Melabur!!

[TOP WARNING SIGNALS THIS COMPANY WILL SURELY GO BANKRUPT BY DR. NAZRI KHAN]

Will MAS go into bankruptcy?

Transmile, Kenmark, Megan Media, Ekran, Linear Corp, Scan Associates, Golden Plus, Dis Technology, Welli Multi and of course Renong Berhad. All are distressed public listed companies which have disappeared.

Will Malaysia Airlines join them ? Good question. Maybe and maybe not.

My sixteen years experience shows that companies rarely go into bankruptcy without some warning. The following are the BEST TOP WARNING SIGNALS which will tell us 99% they are going under. Beware & Stay Away.

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Danger Sign No. 1 : Management Scandal. Leaders keep changing.

A serious warning if top guys CEO or CFO take flight suddenly without explanation or give stupid reason such as personal commitement or personal health reason.

Danger Sign No. 2 : A History of Financial Restatements or Late Filings.

Late financial reporting and accounting restatements normally are associated with bad management integity. This was especially characteristic of companies engaging in complex accounting to sweep losses under the rugs and hide liabilities just to drive stock prices higher.

Danger Sign No. 3 : Faster Growth in Accounts Receivable With Flat Growth of Sales.

Faster growth of receivables than growth of sales. The balance sheet is full of rubbish sales with no cash to accrue. Bad companies have serious bad debts, rising receivables and credit downgrade.

Danger Sign No. 4 : Mysterious Growth In Inventories.

Unexpected bumps in inventories relative to sales. Growing inventories could signal a weak customer base, or worse, that the company use suspicious creative accounting to boost value of inventories to offset declining sales.

Danger Sign No. 5 : Mysteriously Bad Cash Flow With Strong Profits And Sales.

Cash flows is the most transparent and is extremely difficult for management to abuse. Bad cash flow normally suggest complex liquidity and smells trouble for the company. If net income is increasing at a faster clip than cash flow, beware. If earnings are rising year to year and cash flow is not, danger! Either way, something’s not right.

Danger Sign No. 6 : Frequent Change Bank Lender And Swim With Loan Sharks.

A company's relationship with its bank and any changes therein is also a useful financial signal. Reduced availability on a company credit line or a frequent change in borrowing patterns may be indicative of financial problems. Increase in loan security and unsecured loan from no-brand-lender are clear evidence of deterioration in the financial health of a business. Finally, the breaching of loan covenants or missed loan payments are clear warning signs that the company requires help.

Danger Sign No. 7 : Three Years Combo Of Sustain Operational Losses And Decline In Sales.

A sustained decline in sales, poor profit margins, losses, increased debt, a highly leveraged balance sheet and negative working capital over twelve straight quarters may be the best cancer signals of a serious financial distress.

Danger Sign No 8 : A Series Of Bad Lucks In A Row

Companies face so many highly improbabale one-time events back-to-back such as a warranty claim, the cancellation of a large order, a huge union strike, an adhoc special operational audit, a sudden uninsured fire or theft, a sudden departure of supplier or a serious change in supplier payments. A failure to explain this event may be some creative accounting management is using to cover operational losses.

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Hall Of Fame :

1. Transmile Group Berhad

Recorded a net loss of RM369.56 million and overstated its consolidated revenues by RM 530 million in 2005 after a special audit was conducted.

2. Kenmark Industrial Berhad

Fail to issue the fourth-quarter results 2010 for three months. Operations stopped while two banks demanded RM73 million. Became a PN17 company and shares tumbled 80 per cent.

3. Megan Media Holdings Berhad

Posted a mind-boggling net loss of RM1.14 billion for the fourth quarter ended April 30, 2007. Investigated by the Securities Commission, and found to have defaulted RM893.97mil in maturing banking facilities.

4. Ekran Berhad

Magnificent rise in 1990s corporate Malaysia but only to hit a peak months after it had been awarded the contract for the multi-billion ringgit Bakun hydroelectric dam project. Defaulted loan payments and was categorised as a PN1 and PN17 company for at least four years before delisted from Bursa Malaysia.

5. Linear Corp Berhad

A cooling systems company that has landed itself into a PN17 company after being investigated by Bursa Malaysia and the Securities Commission over its troubled RM1.6bil King Dome project in Manjung, Perak.

6. SCAN Associates Berhad

The board of directors lodged a police report and then dismissed CEO following an alleged misappropriation of near RM2 million funds.

7. Golden Plus Holdings Berhad

Failed to submit its audited accounts and annual report for 2007 and its quarterly report for the period ended March 2008 before being reprimanded by SC.

8. DIS Technology Holdings Berhad

Found to misstate several quarterly reports due to an alleged employee fraud worth RM80 mil reported by a major customer based in Hong Kong.

9. WELLI Multi Corp Berhad

Managing director were convicted for furnishing the Securities Commission with misleading fictitious sales information of RM141 million in its audited 2005 financial statement.

10. Renong Berhad

The deal involving United Engineers (M) Bhd’s (UEM) mysterious put option with a total cost of RM2.34bil from an unknown sellers which later expired with no settlement. The CEO later resigned from the group in October 2001 and later sues government for a sour business deal.

My dedication to all investors of these companies. Hope we learn something.

- DR. MOHD NAZRI KHAN