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  1. Sim

    Steve Navra - Guru or Ghost?

    Are you a member of http://sharesq.com/ ?? We have a private discussion forum there for shareholders.
  2. Sim

    Steve Navra - Guru or Ghost?

    I didn't receive anything from Steve.
  3. Sim

    Steve Navra - Guru or Ghost?

    Umm - no ... last post by Steve Navra was 5th January 2012 in this very thread.
  4. Sim

    Steve Navra - Guru or Ghost?

    Yes, but as far as I'm aware, there have yet to be any adverse findings against Steve from any of these entities? How about we stick to innocent until proven guilty for a change?
  5. Sim

    Steve Navra - Guru or Ghost?

    I don't know the full circumstances of what you claim - but I do know a thing or two about some of Steve's investments. I know he invested heavily into Great Southern along with his clients. He is being pursued by the banks for that just like everyone else who borrowed to invest. I don't know...
  6. Sim

    Steve Navra - Guru or Ghost?

    Most of the information on the website is now obsolete. A lot has happened in the past few months. Current situation is complicated.
  7. Sim

    Steve Navra - Guru or Ghost?

    They are charging commission because people have (generally) been unwilling to pay a fee-for-service. At the end of the day, you either pay a commission or some kind of fee based on the costs of the work that is done (whether that be fixed fee, percentage of funds managed, time-and-materials...
  8. Sim

    Steve Navra - Guru or Ghost?

    You make it sound as though advisors should be omniscient? I hear a lot of people make similar claims. My only suggestion is to consider that risking your own money is a vastly different exercise to risking other people's money. Think about a typical fund manager ... if you are too...
  9. Sim

    Steve Navra - Guru or Ghost?

    Thanks Steve - good to have things explained clearly to prevent mis-information.
  10. Sim

    Steve Navra - Guru or Ghost?

    My understanding is that Navra Group Pty Ltd has nothing to do with NavraInvest Pty Ltd (other than Steve's involvement in both companies). I'm not 100% sure about the operation of Navra Group Pty Ltd, but I suspect it was part of Steve's financial planning operations - which are probably...
  11. Sim

    Steve Navra - Guru or Ghost?

    That text was copied and pasted from the old Navra Financial Services website. It is incorrect and misleading. Navra Financial Solutions was registered in May 2011 and the sole director is Dylan Navra. Essentially, Dylan is sharing office space with NavraInvest, presumably under a similar...
  12. Sim

    Steve Navra - Guru or Ghost?

    navra.com.au now has nothing to do with NavraInvest or Navra Financial Services ... completely separate company run by Steve's son. The fact that Steve's face appears on the site is just marketing, he is not a director of the company.
  13. Sim

    Steve Navra - Guru or Ghost?

    Don't know about Peter Spann. In their defence - it does seem like GS were trading while insolvent and were effectively operating a form of ponzi scheme using money from new investors to prop up the returns for existing investors. All while being a "well respected" ASX200 listed company...
  14. Sim

    Steve Navra - Guru or Ghost?

    Guess: insurance/ASIC/legal action/had enough/etc.
  15. Sim

    Steve Navra - Guru or Ghost?

    It's a completely new company - with a new single director (Dylan Navra, Steve's son). Company was registered in May 2011 ... that page is definitely misleading. The first paragraph is a direct cut-and-paste (word for word) from the old Navra Financial Services about page. Steve is no longer...
  16. Sim

    Steve Navra - Guru or Ghost?

    No comment. *sigh* :(
  17. Sim

    Steve Navra - Guru or Ghost?

    Just to be clear - it is the financial planning company Navra Financial Services which was placed in liquidation, mostly due to an insurance bill they couldn't afford after all the post-GFC and Great Southern fallout :rolleyes: The funds management company NavraInvest, is still operating.
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