As CEO of Nabors Industries, Tony Petrello inherits a Storied Firm with Pedigree

Prior to its incredible turnaround, led by Tony Petrello, Nabors Industries was a struggling firm with a storied past. The company was founded as one of the first drillers in Alaska’s Prudhoe oil fields. As one of the first companies to extract oil on the North Slope of Alaska, Nabors Industries played a crucial role in the development of that state’s oil resources and the subsequent wealth that they produced for Alaska’s Natives and all of its residents and read full article.

However, by the mid-‘80s, the company had fallen into mismanagement and was leaking money at an astounding rate. Eventually, the company was forced into chapter 11 restructuring and was teetering on the very brink of closure. It was at this time that Tony Petrello was brought on board as the last best hope to save the company from almost certain annihilation.

When the board of directors hired Petrello, they got more than they could possibly have hoped for. Petrello brought to the table a strong vision and formidable ability to realize the full potential of Nabors Industries’ human capital. He immediately change the direction in which the company had been previously headed. Petrello made a conscious decision to focus on the development of new drilling technologies, which would be crucial to the extraction of North American hard oil in the decades to come.

With the discoveries of both the Bakken Shale and the immense tar sands region of Canada, this bet on high technology and more efficient drilling equipment started to pay off in a major way. Nabors Industries quickly became North America’s go to firm for providing state-of-the-art drilling equipment that was needed for the extraction of the difficult-to-reach oil that was deposited within the deep shale reserves of North Dakota and his Facebook.

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Brazilian Investment Adviser Igor Cornelsen Explains Types of Diversification

You might have heard of the value of financial “diversification.” This is a great way for you to handle downturns in the market. If you lose some money, a diversified portfolio will not fall all the way down to zero. Brazilian stock investment businessman Igor Cornelsen explains the various types of diversification.

“Asset Type”

The “Rule of 100” is a common investing tool to help you gauge the balance of stocks and bonds in your wealth portfolio. Basically, you subtract your age to determine the percentage of stocks, you should have in your portfolio.

As you age, you might want more conservative investments, like bonds. Mr. Igor Cornelsen can help you balance the asset types in your portfolio. This can help you handle any severe changes in the economy.

“Risk Tolerance”

Each investor has his own “risk tolerance.” This means the “amount of risk you can handle with an investment.” Certain stocks will have a much more dramatic range of prices when they are trading. If you can handle risk, you might like more energy, bio-technology, Internet and startup firms.

Derivatives also are rated based on their risk characteristics. A mortgage backed security (MBS) will have certain tranches aimed at certain types of investors. Some rental properties might have more irregular revenue streams on You can discuss your risk tolerance with Mr. Cornelsen and find the ideal financial product.

Read more: Igor Cornelsen gives you the basics on Brazilian banking

“Country & Currency”

In the modern investing climate, geographical investment diversity is also quite important. As an expert in Brazilian banking, Mr. Igor Cornelsen can help you find good financial products in the country . This allows you to handle any crises in one particular nation.

A good example is the Brexit vote on Lulu. Before the vote, some Brits were selling their pounds for euros. If you already had some investments in other countries, you would be well-protected.

Asset values go “up-and-down” – diversification smooths over these rough spots. When you find the ideal asset mix, you can prepare for any exigency. You should also work with your wealth adviser Igor Cornelsen to modify the mix each year to better reflect your needs.

Igor Cornelsen’s Advice On Why People Should Zero In On Passive Income

There is the need to have a broad economy that guarantees employment to young people given that many people are graduating from college. However, as the economy grows, most young people have been forced to consider alternative forms of businesses including self-employment.

In recent years, most people have come to realize the benefits of passive income. Based on the inquiries from the internet, it is clear that passive income is a new area that one should consider knowing about. The conversation in different social media and online platforms is a good indicator of the need for the people to consider investing in passive income.

According to Igor Cornelsen, many people are interested in making more money. However, they would like to make such money without the need of direct involvement. People are now investing in activities that have a guaranteed passive or residue income because of its many benefits.

The first benefit is that one does not have to be present him or her to make the income. For one to create active income, he or she should be actively involved in such money-generating venture. This means that when an individual is not directly involved, he or she would not make money. For active income, people will continue working irrespective of being sick, tired of bored. In passive income, one needs to locate a good income-generating activity besides setting up sound strategies. Once these strategies are functioning, such an individual will not be required to check the performance of the activity on a regular basis. This situation allows an individual to zero in on other activities.

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The other benefit of passive income is continuous flow of income. With the fast professional life, time is quickly becoming a scarce commodity. People have hardly any time to catch sleep or relax. Individuals are working longer hours. According to Igor, passive income generating activities do not require one to monitor the situation at all times. Through passive income, money can be generated even when one is asleep, sick or out of town.

Igor Cornelsen posits that generation of active income requires an individual to invest some resources at the beginning. More resources are be channeled towards monitoring or tracking the activities. These resources may be expended on an individual employed to oversee the active income activities. However, passive income is a one-off activity. Once the activity is running, an individual will not be needed to add more resources.

Igor asserts that the cost of living has been increasing on a daily basis. People have to spend more money to make ends meet. He continues to say that with the increase in daily pressures, time has seemed to decline. Currently, most people are creating income by zeroing in on activities that are generating passive or residue income. Igor concludes by saying that the best option is for people to start their own online businesses as they can start with any budget and at the comfort their houses.

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