Page 37 of 40 FirstFirst ... 273536373839 ... LastLast
Results 541 to 555 of 600

Thread: Money matters

  1. #541
    CC Grandmaster
    Join Date
    Apr 2008
    Posts
    6,080
    Quote Originally Posted by ER View Post
    oh no, not a yoyo case, you're missing the specific stocks, bonds, and other tools of the trade plus the big picture (again) Keep up the good work though, you're doing fine!
    The big picture is that the US stockmarket has gone nowhere under Trump.

  2. #542
    Premium Member ER's Avatar
    Join Date
    Jul 2006
    Location
    Melbourne - Australia
    Posts
    12,403
    Quote Originally Posted by ER View Post
    Correct! Particularly when coal export profitability comes to mind!
    Or when logic prevails …

    https://www.smh.com.au/environment/s...29-p54eyd.html
    ACF 3118316
    FIDE 3201457

    https://aus2020.chesschamp.net/

    In defense of Capitalism.
    Money is the cause of all evil!
    Wrong
    Lack of money is the cause of all evil!

  3. #543
    Premium Member ER's Avatar
    Join Date
    Jul 2006
    Location
    Melbourne - Australia
    Posts
    12,403
    It's a volatile yoyo but hey!!!

    Healthcare stocks in demand

    Quote Originally Posted by ABC
    The best performing sectors are healthcare and consumer staples, driven by Mayne Pharma Group (+11.6pc), Cocchlear (+6.4pc) and Ramsay Health Care (+5.2pc).
    Ansell shares, in particular, surged by 16.9 per cent after the medical glove maker reaffirmed its full-year earnings forecast at a time when most companies were retracting their rosy expectations about future profits.
    I am not trying to indoctrinate you or that I give a shit about how you guys organize your finance.
    I am just pointing out certain facts (or fallacies if you wish) as I perceive and interpret them. Do your own stuff as I do mine! ER
    Last edited by ER; 30-03-2020 at 02:33 PM.
    ACF 3118316
    FIDE 3201457

    https://aus2020.chesschamp.net/

    In defense of Capitalism.
    Money is the cause of all evil!
    Wrong
    Lack of money is the cause of all evil!

  4. #544
    CC Grandmaster Capablanca-Fan's Avatar
    Join Date
    Jan 2004
    Location
    Atlanta, GA (formerly Brisbane, and before that Wellington, NZ)
    Posts
    20,521
    Quote Originally Posted by Patrick Byrom View Post
    The big picture is that the US stockmarket has gone nowhere under Trump.
    It went very well when it was up to things he could control: cutting the confiscatory corporate tax rates and slashing job-killing regulations, which outweighed the bad things such as his tariff-happiness. It has gone down because of something outside his control: a new nasty virus that the Communist tyrants oppressing China in cahoots with the WHO lied through their teeth about. It proved Trump right: maybe it's a mistake to outsource essential medicines and medical supplies to a Communist dictatorship.
    “The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty.”
    “There’s no point blaming the tragedies of socialism on the flaws or corruption of particular leaders. Any system which allows some people to exercise unbridled power over others is an open invitation to abuse, whether that system is called slavery or socialism or something else.”—Thomas Sowell

  5. #545
    CC Grandmaster
    Join Date
    Apr 2008
    Posts
    6,080
    Quote Originally Posted by Capablanca-Fan View Post
    It went very well when it was up to things he could control: cutting the confiscatory corporate tax rates and slashing job-killing regulations, which outweighed the bad things such as his tariff-happiness. It has gone down because of something outside his control: ...
    Of course Obama also had to deal with a pandemic, but he avoided the massive stock market crash that happened under Trump. And I think that the market will drop even lower once investors realise how badly Trump is handling this pandemic.

  6. #546
    Premium Member ER's Avatar
    Join Date
    Jul 2006
    Location
    Melbourne - Australia
    Posts
    12,403
    a very useful piece of advice, unless you're really desperate of course

    https://www.abc.net.au/news/2020-04-...ehand/12119512
    ACF 3118316
    FIDE 3201457

    https://aus2020.chesschamp.net/

    In defense of Capitalism.
    Money is the cause of all evil!
    Wrong
    Lack of money is the cause of all evil!

  7. #547
    CC Grandmaster Desmond's Avatar
    Join Date
    Apr 2006
    Location
    The island
    Posts
    13,242
    Quote Originally Posted by ER View Post
    a very useful piece of advice, unless you're really desperate of course

    https://www.abc.net.au/news/2020-04-...ehand/12119512
    Yes I think this is a very good article. Cashing in your super (largely shares in most cases) at this point in the cycle would be very costly. As the article says, $20k now could cost you $100's in the future. But if people desperately need the money, then it's an option. Our savings are there for rainy days, and they are here.

    I think the trouble for Morrison is that the Liberals in general have ever been trying to weaken Super, so this can be seen in that context. Even though it's not a bad move.
    So what's your excuse? To run like the devil's chasing you.

    See you in another life, brotha.

  8. #548
    CC Grandmaster antichrist's Avatar
    Join Date
    Jan 2004
    Posts
    19,208
    Quote Originally Posted by Desmond View Post
    Yes I think this is a very good article. Cashing in your super (largely shares in most cases) at this point in the cycle would be very costly. As the article says, $20k now could cost you $100's in the future. But if people desperately need the money, then it's an option. Our savings are there for rainy days, and they are here.

    I think the trouble for Morrison is that the Liberals in general have ever been trying to weaken Super, so this can be seen in that context. Even though it's not a bad move.
    By the time they receive the super in fifty years it won't be worth much also considering how many more road humps along the way. As well the more super they have at 65 years then the less they receive from the govt. I took the decision decades ago to go into real estate rather than super and haven't regretted it. Also some funds take out monstrous fees for services that are often are unused and unnecessary.

    In the old Commonwealth super the govt donated $2 for every dollar that the employee contributed. And their super was as safe as the govt because they invested in the govt.. Early company super funds contributed $ for $ of the employees contribution. Now it is nothing to a hiding of losing the money.
    Zionism is racism as defined by the UN, Israel by every dirty means available steals land and water, kill Palestinian freedom fighters and civilians, and operates an apartheid system to drive more Palestinians off their land

  9. #549
    CC Grandmaster Desmond's Avatar
    Join Date
    Apr 2006
    Location
    The island
    Posts
    13,242
    Quote Originally Posted by antichrist View Post
    By the time they receive the super in fifty years it won't be worth much also considering how many more road humps along the way. As well the more super they have at 65 years then the less they receive from the govt. I took the decision decades ago to go into real estate rather than super and haven't regretted it.
    That may be, but now wouldn't be the time to do it. The market is basically the lowest it's been for 8 years.

    Also some funds take out monstrous fees for services that are often are unused and unnecessary.
    Depends on the fund I think, some are better than others. Real estate investments are not without fees also, Eg insurance, agents' fees, rates.

    In the old Commonwealth super the govt donated $2 for every dollar that the employee contributed. And their super was as safe as the govt because they invested in the govt.. Early company super funds contributed $ for $ of the employees contribution. Now it is nothing to a hiding of losing the money.
    Well the major benefit is the reduced tax rate you pay.
    So what's your excuse? To run like the devil's chasing you.

    See you in another life, brotha.

  10. #550
    CC Grandmaster
    Join Date
    Apr 2008
    Posts
    6,080
    Quote Originally Posted by antichrist View Post
    By the time they receive the super in fifty years it won't be worth much also considering how many more road humps along the way. ...
    Over the long term, the sharemarket has been an excellent investment. But even a term deposit will increase your wealth significantly, with no risk.

  11. #551
    Premium Member ER's Avatar
    Join Date
    Jul 2006
    Location
    Melbourne - Australia
    Posts
    12,403
    Quote Originally Posted by ER View Post
    a very useful piece of advice, unless you're really desperate of course

    https://www.abc.net.au/news/2020-04-...ehand/12119512
    There are cases that one must use whatever financial means they have at their disposal.
    On the other hand if those means are close to that twenty grand withdrawal I don't know about others but I simply wouldn't do it.
    Sooner or later there 'll be a time when some might regret it and then there will be no turning back.

    I was wise enough to understand early the theory of an extensive portfolio motion and put in promptly in practice .

    • Super,
    • land property,
    • share market!


    a triptych which served me and still serves my lifestyle which I have to admit is rather expensive.

    Working for the Govt on a sub contractor as well as an employee basis helped a lot in
    maintaining a healthy stream of super contributions including salary sac assisted immensely by Peter Costello's
    years as a treasurer when SBS was adding $3.00 for my every super buck based on productivity.
    Thanks PSS I love you! SBS I adore you! (I can't forgive you for all those silly leftard policies but you can't have it all)!

    When I retired I took a sizeable 50% lump sum (minimal tax thanks Peter again) and left the other 50% on
    a pension form the payments of which are added to my account on a fortnightly basis. (*)
    The 50% is not only guaranteed against any loses (unlike some other private funds), but is being bi-annually
    adjusted to fend off inflation, beat that!

    (*) not a lot of money but good enough to keep me out of any thought of going under those dreadfully low Govt assets test thresholds
    thus depriving me of any hope that I d' get something back for all my years of tax paying! greedy bastards! I know I might as well be a greedy bastard too but hey!

    and always remember

    I am not trying to indoctrinate you or that I give a shit about how you guys organize your finances.
    I am just pointing out certain facts (or fallacies if you wish) as I perceive and interpret them. Do your own stuff as I do mine! ER
    Last edited by ER; 04-04-2020 at 02:12 PM.
    ACF 3118316
    FIDE 3201457

    https://aus2020.chesschamp.net/

    In defense of Capitalism.
    Money is the cause of all evil!
    Wrong
    Lack of money is the cause of all evil!

  12. #552
    CC FIDE Master littlesprout85's Avatar
    Join Date
    Jul 2006
    Location
    Beyond da Abyss
    Posts
    710
    Ahh.....Heavys has started a thread up in here that will stand da test of time m8's...Joy !!! ummmm for some odd reason sprouty is all calm when it come to money matters.....perhaps its due to earning straight A's in high school economics along with straight a's in college economic coarses...Might be due to working hard at a young age to provide meh mums with rent n food on da table.(Sproutys dad was outta da picture)

    Lets give out sproutys top tip for da money matters thread...... if you sweat money(have money problems) You will always have Money problems...its more of a philosphy than anythang.... You Must Think to yourself that You Will Have it If You Work Hard At getting it.(money)....Money Doesnt Come Easy n if it does then it will just as fast disappear....

    Sprouty Neva Has Money Problems due to da straight up fact that when da greenary runs low Sprout Goes Straight out to Work...Does not matter wat da job is...If You Think to yourself n close ur eyes...now open em n take a closer look around u right now.... there is money everywhere...in da couch your lazy hinny be ons hehe....um outside in every car n truck theres money in da counsels n under da seats.... look at ur neighbors n they all have pocket change...hmmmmm..WTF Sprout :? stay with meh now... look out at da closest biz to you home.... Bingo Money...If you get a job close to home then u spend nothing on transportation...if that close jobsy be a grocery store better yet...Discounted food n save da transpo cost....By Setting up ur whole life n lifestyle close to home then this alone cuts da cost of living to lowest possible standards thus maximizing your budget for other Fun Stuff......

    -Sprout85
    Please help your healthcare workers stay safer from the corona virus by building and donating Intubation Boxes to your local hospitals. Go to www.upfurniture.com & download the free open source PDF.Files & get started today

    Lets all Pitch in with Sprout n Donate some worthy funds to www.wildlifewarriors.org to show a lil kindness too all our hurting animal friends recently displaced from da Horrific 2019 Australian Wildfire Season =)

  13. #553
    CC Grandmaster antichrist's Avatar
    Join Date
    Jan 2004
    Posts
    19,208

    Change super shares option to fixed deposit??

    I have been giving advice recently that no one so far has listened to so far so I will let you guys shoot it down in flames. If half a million people for example decide to withdraw $10,000 from their super, super funds have to flog millions of shares, I presume this could result in a price collapse. So immediately transfer your funds to fixed deposit or similar before withdrawing the $10,000. That way your current value is protected. Who knows. Even if not withdrawing change over just to protect your current super amount.

    BTW I know a guy heavily invested in medicinal ganja and their companies are actually collapsing??
    Zionism is racism as defined by the UN, Israel by every dirty means available steals land and water, kill Palestinian freedom fighters and civilians, and operates an apartheid system to drive more Palestinians off their land

  14. #554
    Premium Member ER's Avatar
    Join Date
    Jul 2006
    Location
    Melbourne - Australia
    Posts
    12,403
    https://www.abc.net.au/news/2020-04-...awals/12137774

    Obviously there are more financially desperate people than I had imagined in the first place.
    I hope they will plan correctly what they're going to do with their meagre cash (maximum 20 grand ffs) in hand.
    I suspect it will only be used for putting some bread and butter on the table which is understandable and (why not?) even commendable.
    I also suspect it won't last for long.
    As for silly ideas about parking that little money on fixed term deposits, I wonder if proponents of this theory have bothered to check current f.t.d. rates!
    Last edited by ER; 10-04-2020 at 03:31 AM.
    ACF 3118316
    FIDE 3201457

    https://aus2020.chesschamp.net/

    In defense of Capitalism.
    Money is the cause of all evil!
    Wrong
    Lack of money is the cause of all evil!

  15. #555
    CC Grandmaster antichrist's Avatar
    Join Date
    Jan 2004
    Posts
    19,208
    Quote Originally Posted by ER View Post
    https://www.abc.net.au/news/2020-04-...awals/12137774

    Obviously there are more financially desperate people than I had imagined in the first place.
    I hope they will plan correctly what they're going to do with their meagre cash (maximum 20 grand ffs) in hand.
    I suspect it will only be used for putting some bread and butter on the table which is understandable and (why not?) even commendable.
    I also suspect it won't last for long.
    As for silly ideas about parking that little money on fixed term deposits, I wonder if proponents of this theory have bothered to check current f.t.d. rates!
    Of course interest rates are probably zero but that is immaterial for a relatively short period of time. The people I know who will withdraw have small businesses and will pay off high interest loans they took out that are under $20k.

    I did very well in the GFC by using this trick, my posts here at the time will verify. It's woop woop to a brick that shares will deteriorate once the young masses grab the cash. The adjustment may be already factored into the market. Can you note what today's indices are so we can compare
    Zionism is racism as defined by the UN, Israel by every dirty means available steals land and water, kill Palestinian freedom fighters and civilians, and operates an apartheid system to drive more Palestinians off their land

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Does God Exist?
    By Paul S in forum Religion and Science
    Replies: 5606
    Last Post: 02-03-2020, 09:20 PM
  2. Photo caption contest
    By Alan Shore in forum Non-Chess
    Replies: 2273
    Last Post: 22-03-2019, 09:43 PM
  3. Replies: 102
    Last Post: 29-08-2006, 07:50 PM
  4. Couple Of Questions For Dion
    By Basil in forum Non-Chess
    Replies: 47
    Last Post: 22-08-2006, 04:25 PM
  5. How is money created?
    By firegoat7 in forum Non-Chess
    Replies: 76
    Last Post: 29-03-2004, 04:32 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •