US citizenship

A notice to appear for a citizenship interview finally came and I head up to Seattle.

INS or now USCIS has come a long way.

When I first came in 1999, INS was perceived as a ruthless and mistrusting organization. Immigrants were considered borderline criminals, who must proof the innocence of their character and intentions otherwise accused of lying and violating the law. Even a small mistake or inaccuracy could put a person under a risk of deportation and being banned from entering US for a long number of years.

Information was not readily accessible. To get a simple piece of information, one had to go to a local office. Another option was to seek an advice of an immigration attorney and  pay a bunch for it. As everyone head over to an INS office for help, thus were created famous long immigration lines that were going out the office and along the street, were people stood for hours with no guarantee to be seen. If did not make it, after standing in line for a few hours, one is invited to try again the following day. Fun…

I remember standing in line in the year of 2000, outside an INS office , to get an explanation on a notice they sent me. There were two officers working the line and answering questions: one clearly belonged to a category of mean and another one seemed ok.

After standing under Seattle rain for a couple of hours, I turned religious and started praying and keeping my fingers crossed to get to a nicer officer, which I did. Officer was not that nice after all, deliberately not hearing and not understanding my accent, then turned me down and sent me home with practically nothing: he adviced to write to the INS if I have any questions, which I knew I could do, it just takes 6 months for them to respond.

2 hours of pre-podcast existing time of standing in line was wasted.

I have never had a great deal of patience. Others tried to teach me patience and failed. Patience never got me anywhere: I like to make things happen, not to wait for things to happen to me. I use my creativity and persistence to get what I want and that indeed paid off.

Looking at INS as an organization now I am glad to see positive changes. Information is well organized and available via site, there is an 800 number for 24/7 customer support and you can actually reach a live rep trained on customer service! You can register your own file online and check status that way. Downloadable forms and brochures, online flashcards and tests – all make it so much easier to obtain the necessary information.

INS office I appeared at was a modern glass and stainless steel clean building with clean bathrooms (!). Officer Howard greeted me politely – interview was personable and in no way biased, 10 min later I was done with a ceremony scheduled for two weeks later.

All in all, technology is what makes it all cohesive and advanced. Information is more accessible and it is great to see that technology organized immigration files, made information accessible, and reduced the troubles of an immigrant. If one does have to wait at an INS office, iPod or iPhone loaded with podcasts makes it a time well spent.

Perhaps by becoming a citizen, I sign up to be personally responsible to repay 100K+ towards an outside debt, created by current government…

I am happy to complite a journey of becoming a US citizen and look forward to a ceremony on September 30. I also look forward to voting this November.

Russian search engine Yandex

Russia is an increasingly important market for Internet search engines which generate an estimated $40 billion a year from advertising worldwide. Internet user numbers are booming in Russia, which has a population of 142 million.

Google Inc dominates Internet searches across the world with a major exception of Russia. Local Internet company and search engine Yandex receives about twice as many searches a day. Yandex has over 8 million daily visitors and employs over 1,000 people in Russia and Ukraine. Yandex opened a data analysis school with free of charge lectures and seminars.

Google has better search engine technology and Yandex holds the market by building relations with community, partnerships and affiliations. It is going to be a tough competition for Google in Russia.

Almost any segment of Russian tech space has plenty of opportunities and there is little competition for web crawlers service providers. This presents a fantastic business development opportunity and global expansion for US tech companies – such as Spinn3r, a blogosphere crawler that also has a language identification component.

Cash and Russia

Companies are afraid of going to Russia.

They listen to media about government corruption etc. and pull back, not realizing that Russia offers a lot of potential especially to technology companies. Google realized it. Perhaps because Brin is from Russia. And this is exactly the point – partner with an expert who will represent your company in Russia and lead your business development efforts!

My last project was to help Starbucks open their retail operations in Russia. It took Starbucks 4 years for due diligence and a remote feeling of comfort. They really should be in Russia a long time ago, to get prime locations for their small box operations. It is obvious to experts in Russian market but not US companies with even existing global operations.

Things change quickly in Russia. By the time Starbucks got their, they could afford to lease location in the mall and it is close to impossible to get good locations in Moscow. Retail operators knowing about the fact that most of Russia money is consolidated in Moscow and the fact that Moscow has been nominated the most expensive city in a row – all went to Russia to get their piece of Moscow wealth.

Russian companies quickly got educated and opened all sorts of retail chains as well. That’s for retail industry. Tech industry is booming in Russia. Many are looking to Russian market not only for extra traffic or highly qualified labor  , Russian software engineers, but even to find funding or sell to Russians. Like Live Journal.

Almost ever technology introduced to Russia is a new technology. Or at least there is not much competition. Yandex is leading Russian search engine arena, but Google has plans to fix that. I am sure it is not going to be long before Google will lead that market.

I get super energized and passionate about bringing US companies to Russia. Almost to the point of altruism. I have to be careful and make sure I charge for expertise. The ideal model for me would be to own shares of the company in additional to the compensation for the project.

The question is whats having international operations or representation set up means to the company starting a global project? I certainly look forward to hearing from others. What is your company’s plans in strategy for international expansion? Do you have an experience of doing business in Russia?

Investing in Trust shares aquisition.


Just came across this article: http://www.rttnews.com/Content/BreakingNews.aspx?Id=609927&Category=Breaking%20News&SimRec=1&Node=

While there are definitely some buying opportunities among REITs given conditions over the last few quarters, I’m unfortuately not familiar with and have never looked at WRE.

They’re actually not that intimidating (unlike some LP and other more creative structures).  In the simplest terms, equity REITs are like exchange traded funds that invest in real estate as opposed to financial markets (mortgage and hybrid REITs invest in mortgages and a combination of the two).  That makes it considerably easier to diversify real estate investments across gepgraphies as well as property types/uses.  The downside is that, as with mutual funds, there are a lot of REITs out there, and one needs to do some homework regarding management, objectives, deal criteria, etc.  Definitely fun stuff, though.

If you were involved in similar shares acquisition, we would love to hear your comments!

ForEx or not

I hope the new year is off to a good start for you.

As always, I am looking into new ways to invest, something prompted the interest in FX and here is what I found.
As for speculative FX trading, while it’s the new market of choice for the tech-stock day-traders of the late ’90s, it’s not something that I do (or would) at this point. There’s too much active management and time commitment required, and the markets are so efficient that there’s no chance of uncovering legitimate arbitrage opportunities. Besides, talking to my friends who have been on an exchange floor, and worked in banking for the last decade, I know how badly retail traders get taken on their pricing (to the benefit of Deutsche Bank, UBS, Citi, and Barclays).

Basically, for most who engage in the practice, speculative FX trading is all about volatility plays and heavily leveraged positions (I’m assuming you aren’t thinking about hedging – that would be a different discussion). I won’t get into the whole dissertation here, but a real problem with this sort of strategy that tends to emerge (particularly after a sustained market trend, like the general decline in the dollar), is that traders mistake momentum (or luck) for financial acumen and skill.

The problem occurs when the market hits an inflection point. By the time the retail-traders see it on their PCs, proprietary traders (the Deutsche Banks and Barclays of the world) have already long since reacted and the market prices are already moving faster than trade orders can be entered. To put it in perspective, Barclays and Citi each trade about five times the volume of all retail FX traders combined, and Deutsche and UBS (each) about 10x as much as the total retail market, so by the time they’ve reacted (which is immediate), the market has moved and the damage is done. Basically, if you don’t see the turn in the market coming (and the vast majority don’t), and you have too much riding on one position (which most do, as heavily leveraged trades are a selling point for retail FX brokers), it can set you up for disaster.

That said, an intelligent person that understands the risks, follows the markets, and is smart about structuring their positions can make money trading, and some do. They’re just outnumbered by those that don’t. And most find they can make more money (or the same money with much less risk) by focusing their efforts on other ventures.

Anyway, I can be more specific if you have any particular questions. Alternatively, if you were think of hedging-related transactions, I’d be more than happy to refer you to excellent pros that will provide any insight on structuring, FAS 133, etc.

Onward.