Real Estate Investor and Financial Consultant
- Floyd Brown is a paid consultant for The Oxford Club, a "membership only" organization that reports it has a membership of 65,000 in "over" 110 countries. The mission of the organization is to assist members to "create a financial legacy for their families that is shielded from excessive taxation, seizure, fraud, and inflation." The Oxford Club sponsors conferences and travel for investors, and is based in Baltimore, Maryland. It touts its "special alerts" to prompt members to pick certain stocks to buy, and to consult its "Investment University" series for advice from Brown and other consultants, to learn "what universities cannot teach you." The Oxford club compares its exclusivity with that of Skull and Bones at Yale, and charges an annual membership fee of $79.00. In return, members are promised "insider information." In promotional materials, The Oxford Club lists its accomplishments as helping various members to earn 234% return on investment in a Chinese metal producer, 171% per cent on a commercial property trust, 107% on "the soon-to-be-leader in Chinese life insurance, and 394% on a major pharmaceutical research firm.
- Floyd Brown is a contributor to the Jutia Group, founded by Stephen Oakes, a contrarian financial analyst who "can raid equities on any time frame". The Jutia Group uses "technical indicators" to "leap ahead of institutional buyers and sellers to capture huge profits."
- On April 1, 2008, Brown appeared on Fox News Channel's Neil Cavuto business program, described only as "real estate investor," in a segment titled "New Foreclosure Bailout: Do Homeowners Really Need it?" and stated, "We agree in the fact that the government made this mess. They clearly helped foster it. I think Alan Greenspan kept rates too low after the 2001 recession and that caused way too much liquidity to flow into the markets…"
- In May 2008, Brown recommended investment in the Dodge and Cox Stock Fund, a mutual fund that had recently offered a rare opening to new investors. Dodge and Cox held shares in AIG, among others.
- In July 2008, Brown spoke at an Oxford Club conference in Squaw Valley, California, and recommended that participants purchase Lehman Brothers stock, which, "after it tosses all its bad stuff and takes a hit, should be 'a steal'". In addition, Brown recommended Citigroup, as well as media stocks such as Belo, Gannett, Time Warner.
Read more about this topic: Floyd Brown
Famous quotes containing the words real, estate and/or financial:
“Sorrow has the fortunate peculiarity that it preys upon itself. It dies of starvation. Since it is essentially an interruption of habits, it can be replaced by new habits. Constituting, as it does, a void, it is soon filled up by a real “horror vacui.””
—J. August Strindberg (1849–1912)
“Not a flock of wild geese cackles over our town, but it to some extent unsettles the value of real estate here, and, if I were a broker, I should probably take that disturbance into account.”
—Henry David Thoreau (1817–1862)
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)