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Ditto for $10k to sister. In the end we had to use power of attorney to get this and $7k back for mother. She simply didnt care to pay. Note: 7 year old daughter did the same when wife foolishly bought her an item with "her money" on credit. DD then stopped doing chores and wife was stuck:D...

Yes, it does hurt being taken advantage by friends. Twice been burnt but using friends for work and then getting screwed. Also if you have business, dont trust staff to stay good. Peter

Compared to $100k lost cold when younger. Yes, mum is sad but she has us to help and it not in bad position. Thankfully when her husband died there was lot more in Banksia but wife as executor got the estate part out applying the rule of clean up and "lots of little accounts only cause...

Ouch! that hurt. Mum just lost $4k in Banksia Collapse but that is nothing. Peter

agree www.productview.com.au is very good. Peter

Would not consumer law means he has no right to do this? However, consumer law also would be you should first call us and let him remedy. Highlights the issue in dealing over the net for complex items. Who you gunna call? Peter

Lawyer hey.... makes me remember: What is the difference between a Cat fish and a Lawyer? One is a scum sucking, bottom feeder....the other is a fish. AND Did you hear that scientists are now using lawyers for scientific experiments. Why?, they found there are some things, even a rat...

Yeah. I should add i ve had a fair share of break evens on Ips when i was learning and absolutely dumb luck with shares. I have made $60k on shares and have never sold a share via broker, both times takeovers. Dodged a bullet. :o Peter

I think the lesson here is; if it too good to be true, it usually is the more lack of control you have, the greater this risk of losing the lot you have I.e. One Tel as small shareholder you have no special knowledge to the future hence you have no control. Peter

Ironically we made money on an MX5. We bought a series 1 in immaculate condition low kms off the a friend for $26k in 1993 and sold it (sadly) for $27k in 1996. It is on the "2 do list" to buy back a Series 1 and put it in storage for only sunny days. Peter

Great Thread. I see a pattern here of going off track from what you know. For me it was the old moniker Peter 147 with the Alfa Romeo symbol. Yes we bought that Alfa for $46k (demonstrator) and sold it 2 years later after much grief and thank god it had a warranty for $26k. Lost $20 in...