Hmmmm.....how is it funny??? I'm surprise there wasn't a bigger rally today.
I don't think a "couple of blokes on a forum" will influence the price
ASX down how much
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Hmmmm.....how is it funny??? I'm surprise there wasn't a bigger rally today.
I don't think a "couple of blokes on a forum" will influence the price
http://www.thesun.co.uk/sol/homepage/news/money/article1744857.ece
It's no wonder most tax payers don't agree to a bailout and the House of Sen.
Theses exceutives and so called 'talents' have lived the high life for too long. They can bring down an institution, lose shareholders money and be in debt to creditors but don't even get punished. I read somewhere that Goldman paid $12.1bil in wages last year which is equivalent to $400k per employee...that's just madness for a company who's in financial trouble and their stocks subjected to short selling.
It's no wonder most tax payers don't agree to a bailout and the House of Sen.
Theses exceutives and so called 'talents' have lived the high life for too long. They can bring down an institution, lose shareholders money and be in debt to creditors but don't even get punished. I read somewhere that Goldman paid $12.1bil in wages last year which is equivalent to $400k per employee...that's just madness for a company who's in financial trouble and their stocks subjected to short selling.
Two things: My recommendation to buy gold was heavily discounted by saying something like "If you must buy something!" The other is to thank you for ridding me of the slight interest and concern I had for investments.
If you think about it, it confirms what i'm saying. That is in uncertain times money goes out of risk and into defensive, safe positions.
At this time cash & precious metals (gold etc)
The reason it is being said is because these people know whats going to happen through experience.
Already down about 4%+ on most indices.
At this time cash & precious metals (gold etc)
The reason it is being said is because these people know whats going to happen through experience.
Already down about 4%+ on most indices.
more of that to come.
sorry Letiha...I too thought yield was a good indicator to buy but learnt my lesson through trial and error. Shares I bought last year returned great dividends. However, this years they have halved and in some cases no dividends at all! Luckily, I got rid of most of them already.
I know the volatility is quite exciting and I guess if you had the time and willing to have a bit of fun and gamble then good for you.
I still have stocks but have reduced the exposure to $20k which is nothing and I plan to keep it for years since I don't need access to it. Last week I checked it was down 20% which I thought was really good. It has probably been lower. If the bailout had been approved I might even be neutral now. I think if you keep for long term it's ok.
Why do you say property isn't good atm? you did really well. The profit may not be as good as before but I think you could still squeeze $80k per house. I in the market for land again.
I know the volatility is quite exciting and I guess if you had the time and willing to have a bit of fun and gamble then good for you.
I still have stocks but have reduced the exposure to $20k which is nothing and I plan to keep it for years since I don't need access to it. Last week I checked it was down 20% which I thought was really good. It has probably been lower. If the bailout had been approved I might even be neutral now. I think if you keep for long term it's ok.
Why do you say property isn't good atm? you did really well. The profit may not be as good as before but I think you could still squeeze $80k per house. I in the market for land again.
Perhaps that's a good thing...
http://www.smh.com.au/news/national/50b-aussie-wipeout/2008/09/30/1222651035098.html
$50Bn down according to SMH as of 10:15am, Peter
PS Feeling much better I finally moved my super to cash at bank two weeks back.
$50Bn down according to SMH as of 10:15am, Peter
PS Feeling much better I finally moved my super to cash at bank two weeks back.
http://au.finance.yahoo.com/gainers?e=AX
Newcrest & Lihir Gold are the only gainers with any decent volume. Not surprising.
Newcrest & Lihir Gold are the only gainers with any decent volume. Not surprising.
asx site very slow ... it is an interesting experience as i haven't been in shares for around 8 years (except for super).
market down around 4%. crashed on entry then bounced back up. an awful lot of volume going thru with selling and buying today but happy to advise that my choice of share is currently holding it's own.
it will be interesting at the end of the day to see what shares lost ground and who stacked up in the market sentiment.
market down around 4%. crashed on entry then bounced back up. an awful lot of volume going thru with selling and buying today but happy to advise that my choice of share is currently holding it's own.
it will be interesting at the end of the day to see what shares lost ground and who stacked up in the market sentiment.
