Overzicht financieringsconstructies: eerste gedachten

Stijn geeft in een eerder bericht toekomstwaarde nu aan dat hij graag een overzicht wil maken van de belangrijkste financieringsconstructies. Dat lijkt me een strak plan en ik vermoed dat meer mensen hier belangstelling voor hebben, zeker als het visueel kan worden weergegeven in een samenvattend overzicht met belangrijke vormen en kenmerken. En waarom zouden we de discussie hierover niet gewoon hier voeren? Laat ik als start weer wat stellingen formuleren. En een stelling kan uiteraard verworpen of verbeterd worden.

Stelling:

De kern van financieringsconstructies is dat zij geldstromen in de tijd sturen, manipuleren of beïnvloeden zodat betrokken partijen daarmee hun doelen beter kunnen bereiken (een hoger intertemporeel nut kunnen bereiken).

Stelling:

In wezen gaat het hier om ‘verdienmodellen’. Eerst probeer je alles zo goed en optimaal mogelijk in te richten (het verdienmodel). Vervolgens kan als sluitstuk blijken dat de resulterende geldstromen tussen de partijen en in de tijd niet altijd matchen. De constructie die je opzet om die geldstromen tussen partijen en in de tijd te laten matchen noem je een financieringsconstructie. Eerder hebben we al eens gesteld dat als het verdienmodel klopt (goed in elkaar zit, een positief totaalrendement genereert) dat dan de financieringsconstructie een kwestie van uitwerken is, nooit het echte probleem kan zijn.

Stelling:

Omdat het spraakgebruik nu eenmaal anders is en ook de praktijk van verdienmodellen en financiering weerbarstig is, is mijn voorstel ze door elkaar te gebruiken. Het gaat erom hoe je je activiteiten of projecten zodanig opzet dat er voldoende rendement wordt gegenereerd en dat de financiële stromen in de tijd en tussen partijen zodanig wordt gematcht dat de projecten doorgang kunnen vinden.

Stelling:

Stap 1 is dan om zoveel mogelijk bestaande financieringsconstructies en verdienmodellen bij elkaar te harken. We hebben al een aantal recente publicaties genoemd op deze site zoals ‘Verdienmogelijkheden’ van Nederland onder Water en ‘Toekomstwaarde nu!’ van Agentschap NL. Zonder al te veel moeite kom je in eerste instantie op 40-50 soorten en vormen. De volgende stap 2 is dan om de verzameling te gaan ordenen. Een aantal vormen zullen bij nadere bestudering sterk op elkaar lijken. Zo zal een indikking ontstaan en blijven x aantal elementaire vormen over.

Stelling:

Mijn eerste idee is dat je kunt ordenen op tijd en op partijen (kijkend naar de definitie hierboven). Partijen heb ik nog geen beeld van, maar je zou kunnen denken aan hoeveel partijen erbij betrokken zijn, de complexiteit van de constructie, de juridische status, de aard van de partijen, het risico dat de aard van de partijen en hun belangen of activiteiten met zich meebrengt etc. Een ordening op tijd lijkt me simpel. Je hebt in principe 3 fasen in elk project. De start, tijdens de looptijd of uitvoering, het einde of de afronding (dus start, tijdens, eind). En in wezen gaat het altijd om ofwel uitgaven omlaag ofwel inkomsten omhoog. Dus zou je elke constructie kunnen rangschikken naar waar het aan voldoet (en voor wie):

– start: de uitgaven gaan omlaag of de inkomsten gaan omhoog

– tijdens: de uitgaven gaan omlaag of de inkomsten gaan omhoog

– einde: de uitgaven gaan omlaag of de inkomsten gaan omhoog

Voorbeeld:

Een aansprekend voorbeeld van een constructie: stel iemand nadert de pensioengerechtigde leeftijd en voorziet dat hij stevig in inkomsten achteruit zal gaan na zijn 65e (ik neem die leeftijd nog maar even). Het probleem is dan: hoe financier ik mijn dagelijkse levensbehoefte tussen mijn 65e en het moment waarop ik dood ga. In dit voorbeeld heeft iemand wel een eigen huis dat op zijn 65e is afbetaald. Je kunt gewoon je huis verkopen en met de opbrengst kleiner gaan wonen en met het restant leuke dingen gaan doen. Wel vervelend als je aan je huis gehecht bent en niet wilt verhuizen. Je hoort ook van andere mogelijkheden. Zo zijn er instanties die bereid zijn nu je huis te kopen zonder ook de bedoeling te hebben er in te gaan wonen. Je mag dus vanaf je 65e tot aan je dood in je ‘eigen’ huis blijven wonen. Nu kan een simpel sommetje worden gemaakt. Wat is het huis nu waard op de markt? Welke rente zou ik anders op dit bedrag krijgen of ongeveer hetzelfde: welke huur zou dit huis mij elke maand opleveren? En hoe oud zal de bewoner naar verwachting worden? En wat zal het huis op dat moment naar verwachting opleveren op de markt?

Om het sommetje heel ruw te maken. Stel het huis is nu € 200.000 waard en de bewoner leeft naar verwachting nog 150 maanden. Als ik het huis zou kopen en vervolgens verhuren zou ik er elke maand € 1.000 voor krijgen. Mijn investering levert dus jaarlijks € 12.000 / € 200.000 = 6% op. Maar goed, dat is niet wat de huidige bewoner wil. Als investeerder kan ik nu uitrekenen welke andere mogelijkheid mij ook 6% oplevert. Stel dat ik verwacht dat het huis over 150 maanden nog steeds € 200.000 oplevert. Welk bedrag kan ik nu dan investeren om een jaarlijks rendement van 6% te kunnen krijgen? Dat is grofweg € 200.000 / (1,06)^12 oftewel ongeveer € 100.000. Als ik nog rekening houdt met extra kosten van verzekering en onderhoud van € 25.000 gedurende de 150 maanden, dan ben ik dus bereid om nu € 75.000 Euro te geven voor de woning waar de huidige bewoner nog 150 maanden’gratis’  in mag blijven wonen. Zo kan de bewoner in zijn huis blijven wonen en krijgt cash € 75.000 in handen. Daar kan hij maandelijks € 375 vergoeding op krijgen bij een rente van ook weer 6%, zie hier de aanvulling op zijn AOW-voorziening.

Wat zijn nu de kenmerken van deze constructie? De constructie vertaalt een onzeker bedrag op een onzeker moment  in de toekomst (waarschijnlijk € 200.000 over waarschijnlijk 150 maanden) naar een zeker bedrag op een zeker moment (namelijk € 75.000 als hij 65 jaar wordt). Juridisch wordt de instantie eigenaar van het pand waarbij het pand verhuurd wordt tot aan stervensdatum tegen een nul-huur. Financieel betekent het dat de instelling de 65-jarige nu € 75.000 betaalt en op moment van sterven het bedrag van de daadwerkelijke verkoop ontvangt (dan wel op dat moment gewoon verder gaat verhuren tegen een normale huur).

Zo (of op een andere manier) zullen we alle constructies langs lopen en kijken of we ze aan de hand van de kenmerken in een overzicht kunnen plaatsen.

 

 

Geplaatst in Financieringsconstructies, Rekenen.

1.353 reacties

  1. That is a good tip particularly to those new to the blogosphere. Short but very precise infoÖ Thank you for sharing this one. A must read post!

  2. I truly love your website.. Very nice colors & theme. Did you develop this amazing site yourself? Please reply back as Iím attempting to create my very own blog and would like to know where you got this from or exactly what the theme is called. Cheers!

  3. Greetings! Very helpful advice within this post! It is the little changes which will make the biggest changes. Thanks a lot for sharing!

  4. Do you mind if I quote a few of your posts as long as I provide credit and sources back to your webpage? My blog is in the very same niche as yours and my visitors would really benefit from a lot of the information you provide here. Please let me know if this alright with you. Thanks a lot!|

  5. Good day! I simply would like to give you a big thumbs up for the great info you have got right here on this post. I will be coming back to your web site for more soon.

  6. Next time I read a blog, I hope that it does not fail me just as much as this particular one. After all, Yes, it was my choice to read through, but I genuinely thought you’d have something helpful to say. All I hear is a bunch of moaning about something that you could possibly fix if you weren’t too busy searching for attention.

  7. Howdy! This is kind of off topic but I need some advice from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to start. Do you have any ideas or suggestions? Many thanks|

  8. Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s very difficult to get that “perfect balance” between superb usability and visual appearance. I must say you have done a fantastic job with this. Additionally, the blog loads extremely fast for me on Firefox. Outstanding Blog!

  9. Heya i am for the first time here. I came across this board and I to find It really helpful & it helped me out a lot. I’m hoping to provide one thing back and aid others like you aided me.|

  10. Hello there! I could have sworn Iíve been to this site before but after browsing through some of the articles I realized itís new to me. Anyhow, Iím definitely pleased I discovered it and Iíll be book-marking it and checking back frequently!

  11. An interesting discussion is definitely worth comment. I do believe that you need to publish more on this topic, it may not be a taboo matter but typically people don’t speak about such subjects. To the next! Kind regards!!

  12. Woah! I’m really digging the template/theme of this site. It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between user friendliness and visual appeal. I must say that you’ve done a fantastic job with this. In addition, the blog loads very fast for me on Chrome. Exceptional Blog!

  13. Hi, I do think this is a great website. I stumbledupon it 😉 I’m going to return yet again since I book marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

  14. Its such as you read my mind! You appear to know a lot about this, such as you wrote the ebook in it or something. I feel that you just could do with a few percent to power the message home a little bit, but instead of that, that is excellent blog. A great read. I will definitely be back.|

  15. Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between usability and visual appearance. I must say that you’ve done a great job with this. Additionally, the blog loads very fast for me on Safari. Outstanding Blog!

  16. Woah! I’m really loving the template/theme of this website. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between superb usability and visual appeal. I must say that you’ve done a amazing job with this. Additionally, the blog loads very fast for me on Safari. Superb Blog!

  17. Woah! I’m really loving the template/theme of this website. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user friendliness and appearance. I must say that you’ve done a great job with this. Additionally, the blog loads very fast for me on Safari. Outstanding Blog!

  18. That is a really good tip especially to those new to the blogosphere. Simple but very accurate informationÖ Thanks for sharing this one. A must read post!

  19. I really love your blog.. Excellent colors & theme. Did you create this web site yourself? Please reply back as Iím trying to create my own personal website and would love to find out where you got this from or exactly what the theme is named. Many thanks!

  20. Aw, this was an extremely good post. Finding the time and actual effort to make a top notch articleÖ but what can I sayÖ I procrastinate a lot and don’t seem to get anything done.

  21. You’ve made some decent points there. I looked on the web for additional information about the issue and found most people will go along with your views on this web site.

  22. Next time I read a blog, I hope that it does not disappoint me just as much as this particular one. After all, Yes, it was my choice to read, but I genuinely thought you would have something useful to talk about. All I hear is a bunch of complaining about something that you could fix if you weren’t too busy seeking attention.

  23. Iím impressed, I have to admit. Rarely do I come across a blog thatís both equally educative and entertaining, and let me tell you, you’ve hit the nail on the head. The problem is something that too few men and women are speaking intelligently about. I’m very happy I found this during my search for something regarding this.

  24. Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!|

  25. Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between superb usability and appearance. I must say you’ve done a very good job with this. Additionally, the blog loads extremely fast for me on Safari. Exceptional Blog!

  26. A fascinating discussion is worth comment. I do believe that you need to write more on this subject matter, it may not be a taboo matter but typically folks don’t speak about such topics. To the next! Kind regards!!|

  27. Hi, I do believe this is an excellent website. I stumbledupon it 😉 I will revisit once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to guide other people.

  28. I was pretty pleased to uncover this page. I want to to thank you for ones time due to this fantastic read!! I definitely appreciated every bit of it and I have you book-marked to look at new stuff in your site.

  29. Nice post. I learn something new and challenging on blogs I stumbleupon everyday. It will always be interesting to read through content from other authors and use a little something from other sites.

  30. I would like to thank you for the efforts you’ve put in writing this blog. I’m hoping to see the same high-grade blog posts by you later on as well. In fact, your creative writing abilities has encouraged me to get my very own site now 😉

  31. You are so awesome! I don’t believe I’ve read a single thing like this before. So wonderful to discover another person with unique thoughts on this issue. Seriously.. thanks for starting this up. This website is something that is required on the internet, someone with a little originality!

  32. Greetings! Very useful advice within this article! It’s the little changes that make the biggest changes. Thanks a lot for sharing!

  33. When I initially commented I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I recieve four emails with the same comment. There has to be a means you can remove me from that service? Kudos!

  34. Hello, There’s no doubt that your web site could possibly be having web browser compatibility issues. When I take a look at your web site in Safari, it looks fine but when opening in Internet Explorer, it’s got some overlapping issues. I just wanted to give you a quick heads up! Apart from that, wonderful website!

  35. When I originally left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve four emails with the exact same comment. Perhaps there is a way you can remove me from that service? Cheers!

  36. I truly love your site.. Great colors & theme. Did you develop this web site yourself? Please reply back as Iím planning to create my very own blog and would like to know where you got this from or just what the theme is called. Appreciate it!

  37. Next time I read a blog, I hope that it won’t fail me as much as this one. After all, Yes, it was my choice to read through, however I truly thought you’d have something useful to say. All I hear is a bunch of complaining about something you could possibly fix if you were not too busy seeking attention.

  38. Hi there just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Safari. I’m not sure if this is a format issue or something to do with web browser compatibility but I figured I’d post to let you know. The style and design look great though! Hope you get the problem fixed soon. Thanks

  39. After exploring a number of the blog articles on your web page, I seriously like your technique of writing a blog. I book marked it to my bookmark website list and will be checking back in the near future. Please visit my web site too and tell me your opinion.

  40. Hey there just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Internet explorer. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I figured I’d post to let you know. The design look great though! Hope you get the issue fixed soon. Thanks

  41. Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between superb usability and visual appeal. I must say you have done a fantastic job with this. In addition, the blog loads extremely fast for me on Internet explorer. Outstanding Blog!

  42. Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s very hard to get that “perfect balance” between user friendliness and visual appearance. I must say you’ve done a superb job with this. Also, the blog loads very quick for me on Chrome. Excellent Blog!

  43. Woah! I’m really enjoying the template/theme of this blog. It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between usability and visual appeal. I must say you’ve done a amazing job with this. Also, the blog loads extremely fast for me on Internet explorer. Excellent Blog!

  44. You are so interesting! I do not suppose I’ve truly read through anything like that before. So great to discover somebody with a few genuine thoughts on this topic. Really.. thanks for starting this up. This site is one thing that is needed on the web, someone with a bit of originality!

  45. I don’t even know how I ended up here, but I thought this post was great. I do not know who you are but certainly you are going to a famous blogger if you are not already 😉 Cheers!

  46. Fine way of describing, and good article to take facts concerning my presentation subject matter, which i am going to convey in college.|

  47. Hey there just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Opera. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the issue solved soon. Many thanks

  48. My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am concerned about switching to another platform. I have heard great things about blogengine.net. Is there a way I can transfer all my wordpress content into it? Any kind of help would be really appreciated!|

  49. Next time I read a blog, Hopefully it does not disappoint me as much as this particular one. I mean, I know it was my choice to read through, nonetheless I actually believed you would have something useful to say. All I hear is a bunch of moaning about something that you could fix if you weren’t too busy searching for attention.

  50. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting videos to your weblog when you could be giving us something enlightening to read?|

  51. I know this if off topic but I’m looking into starting my own weblog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 certain. Any recommendations or advice would be greatly appreciated. Kudos|

  52. I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one today.|

  53. Hello there, You have performed an excellent job. I’ll definitely digg it and for my part suggest to my friends. I’m sure they will be benefited from this web site.|

  54. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your web site is wonderful, let alone the content!|

  55. Hi I am so grateful I found your web site, I really found you by accident, while I was browsing on Askjeeve for something else, Anyways I am here now and would just like to say cheers for a incredible post and a all round interesting blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the fantastic jo.|

  56. Howdy! I know this is kind of off topic but I was wondering which blog platform are you using for this website? I’m getting tired of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.|

  57. Greate article. Keep writing such kind of information on your site. Im really impressed by it.

  58. I was recommended this web site by my cousin. I’m not sure whether this post is written by him as no one else know such detailed about my difficulty. You’re incredible! Thanks!|

  59. An impressive share! I’ve just forwarded this onto a colleague who was conducting a little homework on this. And he in fact bought me dinner because I stumbled upon it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this issue here on your site.

  60. Howdy just wanted to give you a quick heads up. The text in your article seem to be running off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The design and style look great though! Hope you get the problem resolved soon. Kudos

  61. Hey just wanted to give you a quick heads up. The text in your article seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know. The style and design look great though! Hope you get the issue resolved soon. Many thanks

  62. jackpot- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  63. casino online gambling- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  64. panalo slots- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  65. May I just say what a comfort to find somebody that genuinely understands what they’re talking about on the web. You certainly realize how to bring an issue to light and make it important. More and more people ought to check this out and understand this side of the story. It’s surprising you are not more popular given that you most certainly have the gift.

  66. Nổ Hũ Nổ Hũ Trò chơi sòng bạc trực tuyến bằng tiền thật , Đăng ký người dùng mới tặng 78000, Mỗi ngày đặt cược hoàn trả 2.0 . Hoa hồng đại lý nhận được thấp nhất 50 . Rút tiền nhanh , Phúc lợi tốt , Trò chơi nhiều , Thương hiệu 10 năm , Bảo đảm yu tín

  67. suncity888 suncity888 Trò chơi sòng bạc trực tuyến bằng tiền thật , Đăng ký người dùng mới tặng 78000, Mỗi ngày đặt cược hoàn trả 2.0 . Hoa hồng đại lý nhận được thấp nhất 50 . Rút tiền nhanh , Phúc lợi tốt , Trò chơi nhiều , Thương hiệu 10 năm , Bảo đảm yu tín

  68. slots games- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  69. poker cards- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  70. roulette wheel online- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  71. Nổ Hũ Nổ Hũ Trò chơi sòng bạc trực tuyến bằng tiền thật , Đăng ký người dùng mới tặng 78000, Mỗi ngày đặt cược hoàn trả 2.0 . Hoa hồng đại lý nhận được thấp nhất 50 . Rút tiền nhanh , Phúc lợi tốt , Trò chơi nhiều , Thương hiệu 10 năm , Bảo đảm yu tín

  72. slots games- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  73. jackpot- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  74. slot – World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  75. You are so interesting! I don’t believe I’ve read something like this before. So good to discover someone with a few genuine thoughts on this subject matter. Seriously.. thank you for starting this up. This web site is one thing that is needed on the web, someone with some originality!

  76. panalo slots- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  77. Next time I read a blog, Hopefully it doesn’t disappoint me as much as this one. After all, I know it was my choice to read through, however I genuinely thought you would probably have something useful to talk about. All I hear is a bunch of moaning about something you can fix if you were not too busy looking for attention.

  78. I truly love your website.. Pleasant colors & theme. Did you build this site yourself? Please reply back as Iím trying to create my very own website and would love to learn where you got this from or exactly what the theme is called. Thanks!

  79. May I just say what a comfort to find someone that actually understands what they’re talking about over the internet. You actually know how to bring an issue to light and make it important. More and more people need to read this and understand this side of the story. I was surprised you are not more popular given that you definitely have the gift.

  80. jackpot- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  81. What’s Happening i’m new to this, I stumbled upon this I have found It absolutely helpful and it has helped me out loads. I am hoping to contribute & aid other customers like its helped me. Good job.

  82. slot machine online- World’s Top Online Casinos, new user welfare register bonus 66₱, daily Betting Rebate 2. fast withdraw, good bonus, variety of games, World brand is trustworthy. Slot games, Card games , Live Casino, Animals(Cockfight games), fishing.

  83. After looking over a handful of the blog posts on your site, I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back in the near future. Take a look at my web site too and tell me what you think.

  84. Having read this I believed it was very enlightening. I appreciate you spending some time and energy to put this informative article together. I once again find myself personally spending a significant amount of time both reading and posting comments. But so what, it was still worth it!

  85. Good day! I know this is kinda off topic but I was wondering which blog platform are you using for this website? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be awesome if you could point me in the direction of a good platform.|

  86. Can I simply just say what a comfort to discover an individual who actually understands what they’re discussing online. You certainly know how to bring an issue to light and make it important. More people should check this out and understand this side of your story. I was surprised you’re not more popular given that you surely have the gift.

  87. Iím impressed, I must say. Rarely do I come across a blog thatís both equally educative and engaging, and without a doubt, you’ve hit the nail on the head. The problem is something too few men and women are speaking intelligently about. I’m very happy that I stumbled across this during my search for something relating to this.

  88. Nice post. I learn something totally new and challenging on websites I stumbleupon every day. It will always be exciting to read through content from other writers and use something from other web sites.

  89. I’m excited to find this web site. I wanted to thank you for your time for this wonderful read!! I definitely appreciated every little bit of it and i also have you bookmarked to check out new information in your blog.

  90. My brother suggested I might like this website. He was totally right. This post truly made my day. You cann’t imagine simply how much time I had spent for this info! Thanks!|

  91. Thanks for the auspicious writeup. It if truth be told used to be a amusement account it. Glance complex to far added agreeable from you! However, how can we keep up a correspondence?|

  92. You are so cool! I do not think I’ve read through something like that before. So great to discover someone with a few unique thoughts on this subject. Really.. thanks for starting this up. This website is one thing that’s needed on the web, someone with some originality!|

  93. Great info. Lucky me I came across your site by accident (stumbleupon). I’ve book marked it for later!

  94. Hi, I do think this is an excellent site. I stumbledupon it 😉 I may return yet again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to help others.

  95. Aw, this was a very nice post. Spending some time and actual effort to create a very good articleÖ but what can I sayÖ I put things off a lot and never manage to get nearly anything done.

  96. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove me from that service? Bless you!|

  97. Hey! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any solutions to protect against hackers?|

  98. Hello! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no data backup. Do you have any solutions to protect against hackers?|

  99. I’m really enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a designer to create your theme? Fantastic work!|

  100. Can I simply say what a comfort to discover an individual who really understands what they’re talking about on the net. You actually realize how to bring a problem to light and make it important. More and more people must look at this and understand this side of your story. It’s surprising you’re not more popular since you most certainly possess the gift.|

  101. You made some really good points there. I looked on the net for additional information about the issue and found most individuals will go along with your views on this web site.|

  102. Thank you for give very good informations. Your website is goodI am impressed by the information that you have on this blog. It shows how well you understand this subject. Bookmarked this page, will come back for more. You, my friend, ROCK! I found just the information I already searched everywhere and just couldnslot jackpot

  103. Nice blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your theme. Thanks|

  104. After checking out a few of the articles on your site, I honestly appreciate your technique of blogging. I bookmarked it to my bookmark webpage list and will be checking back in the near future. Please check out my website too and tell me your opinion.

  105. Hi, I do think this is a great website. I stumbledupon it 😉 I am going to return yet again since i have book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide others.

  106. Iím impressed, I have to admit. Seldom do I come across a blog thatís both equally educative and interesting, and let me tell you, you’ve hit the nail on the head. The issue is something which not enough folks are speaking intelligently about. I am very happy I stumbled across this during my search for something concerning this.

  107. Hello there! I could have sworn Iíve been to this site before but after going through a few of the posts I realized itís new to me. Nonetheless, Iím certainly delighted I discovered it and Iíll be bookmarking it and checking back often!

  108. I’d like to thank you for the efforts you have put in penning this blog. I am hoping to view the same high-grade content by you later on as well. In truth, your creative writing abilities has motivated me to get my own, personal website now 😉

  109. Spot on with this write-up, I honestly feel this website needs a great deal more attention. Iíll probably be returning to read more, thanks for the advice!

  110. How? Amazingness can aid you live an extraordinary life by giving you with the tools to be much more efficient and get even more performed in less time.

  111. Right here is the right web site for everyone who wants to find out about this topic. You understand so much its almost hard to argue with you (not that I actually will need to…HaHa). You definitely put a fresh spin on a subject which has been discussed for a long time. Wonderful stuff, just wonderful!|

  112. Generally I do not learn post on blogs, however I wish to say that this write-up very forced me to check out and do so! Your writing style has been surprised me. Thanks, very nice article.|

  113. Hey! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My web site looks weird when browsing from my iphone. I’m trying to find a theme or plugin that might be able to resolve this problem. If you have any suggestions, please share. Appreciate it!|

  114. What’s up to every one, the contents present at this web page are in fact amazing for people knowledge, well, keep up the nice work fellows.|

  115. I am no longer certain the place you’re getting your info, however good topic. I needs to spend some time finding out more or understanding more. Thank you for excellent information I used to be on the lookout for this information for my mission.|

  116. Amazingness is whatever you require to be a lot more efficient, have more power and also really feel much better on a daily basis.

  117. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but other than that, this is magnificent blog. A fantastic read. I will definitely be back.|

  118. What’s up to every body, it’s my first pay a visit of this website; this weblog consists of awesome and in fact excellent data designed for visitors.|

  119. Ahaa, its fastidious conversation concerning this paragraph at this place at this web site, I have read all that, so at this time me also commenting here.|

  120. This is the right web site for anyone who hopes to find out about this topic. You understand a whole lot its almost tough to argue with you (not that I really will need to…HaHa). You definitely put a fresh spin on a topic that has been written about for ages. Wonderful stuff, just wonderful!|

  121. Superb blog! Do you have any tips and hints for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely confused .. Any ideas? Appreciate it!|

  122. Admiring the commitment you put into your blog and detailed information you present. It’s great to come across a blog every once in a while that isn’t the same unwanted rehashed material. Fantastic read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.|

  123. Unquestionably believe that which you said. Your favorite reason seemed to be on the internet the easiest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly don’t know about. You managed to hit the nail upon the top and also defined out the whole thing without having side-effects , people can take a signal. Will likely be back to get more. Thanks|

  124. Hi there, You’ve done a fantastic job. I’ll certainly digg it and personally recommend to my friends. I am confident they will be benefited from this web site.|