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Queenslanders prepare for a second Global Financial Crisis

Financial experts speaking at the annual Trading & Investing Seminars & Expo, at the Brisbane Convention & Exhibition Centre this week put the chance of a repeat bout of the Global Financial Crisis (GFC) at 50:50.

Individually, the speakers have mixed views on whether the recent stalling of investment markets across the globe has raised the possibility that world economies are about to be hit by a 'second leg' of the GFC, with some saying it is highly possible and others believing it unlikely.

They will, however, be advising Queenslanders attending the event what they should be doing now to safeguard their investments in these volatile and uncertain times.

The Trading & Investing Seminars & Expo being staged tomorrow and Saturday is Queensland's largest investor education event with over 80 exhibitors and more than 60 high quality seminars across two days.

It offers a unique opportunity for investors to get up close and personal with Australia's leading investment and trading experts, participate in workshops, learn how to spot investment opportunities and gather reliable information upon which to build a strategy to protect and grow their wealth.

Stockbrokers, financial advisers, trading experts and technical chartists will offer a wide range of insights at the event and representatives will also be on hand from government and independent association groups such as the Australian Investors Association, Australian Shareholders Association, Australian Technical Analysts Association, ATO, ACCC and ASIC.

The educational program will focus on how to counter the many concerns investors have today including:

One of the speakers, Wai-Yee Chen of broker RBS Morgans says protecting portfolios from potential losses has become more important in current volatile conditions. "Most don't realise this is not only not difficult to do but investors can protect their portfolios and be paid to do so."

Another keynote speaker, Michael McCarthy, Head of Dealing at City Index, says there has been a fundamental change in markets in the past six weeks and traders need to change their approach accordingly. "Some of the extreme market volatilities that we've seen in recent months mean that traders and investors should put risk management on top of their priorities to protect their investment."

Bond University assistant professor Bruce Vanstone, an expert in advanced information systems for trading, will take part in a panel debate on the advantages of fundamental versus technical analysis in making trading decisions.

"While there are hundreds of technical trading tools available most are built on the same information, so traders should find the two or three that suit their style of trading best, rather than trying to use many, " he advises.

Several ASX-traded resource companies exhibiting at the Expo will give the media and investors an opportunity to better understand the implications of the proposed Resources Super Profits tax on smaller miners and explorers. Simon Finnis of Cloncurry Metals will be taking part in an interactive panel discussion on How to prosper in the resources boom with Peter Pontikis and Clifford Bennett.

Queenslanders will also learn how to hedge against another market crash, identify smaller hot stocks, and trade currencies at the Expo. Art investment specialists will advise on the resale royalty tax introduced last week and how potential superannuation rule changes could stunt the art market and demand new strategies by self-managed superannuation fund (SMSF) owners.

Organiser of the Trading & Investing Seminars & Expo, Event Management International's CEO, Jason Humphris, has noticed investors are now taking a more pro-active approach to managing their investments.

"The past two years of investment market downturn and the partial recovery has made many people realise that a strong investment strategy is no longer a set-and-forget exercise.

"Investors need to take a more active role in managing their superannuation and investment portfolios, which means continually updating their knowledge base to ensure they know how to reduce risk and maximise returns in any market. The event will offer direct access to a large contingent of specialists in all areas of trading and investing and it promises to be a valuable couple of days for all those attending, " Mr Humphris reports.



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