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Thread: Money matters

  1. #406
    CC Grandmaster ER's Avatar
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    Quote Originally Posted by MichaelBaron View Post
    But poverty is equal
    and Centrelink is the great equalizer!
    ACF 3118316
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  2. #407
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    Quote Originally Posted by road runner View Post
    Sounds like you need to do some more reading.
    Sounds like those who feel that the world is unfair cause they are not ''equal'' should do some more hard and smart work
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  3. #408
    CC Grandmaster road runner's Avatar
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    Quote Originally Posted by MichaelBaron View Post
    Sounds like those who feel that the world is unfair cause they are not ''equal'' should do some more hard and smart work
    Actually those at the top end are also unequal, by definition. Inequality is a problem for everyone.
    meep meep

  4. #409
    CC Grandmaster ER's Avatar
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    Meanwhile in the Money Matters real world ...

    Westpac Banking Corporation ("Westpac" or "Issuer") has lodged with the Australian Securities and Investments Commission ("ASIC") a Prospectus dated 5 February 2018 ("Offer Document") in relation to an offer ("Offer") of unsecured notes issued by Westpac ("Notes" or "Securities"). The Offer size is A$750 million, with the ability to raise more or less.

    The Offer size is A$750 million, with the ability to raise more or less.

    The Initial Face Value for each Note is A$100 but may be reduced following a Capital Trigger Event or Non-Viability Trigger Event.

    Minimum application must be 50 Notes (A$5,000) and thereafter in multiples of 10 Notes (A$1,000).

    I have no personal interest and not posting this as a suggestion to purchase shares.
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  5. #410
    CC Grandmaster ER's Avatar
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    Latest Guardian blog
    re market moves

    https://www.theguardian.com/business...s-live-updates

    Personal notes

    Expect more loses tomorrow
    Silly traders don't panic, after all living dangerously is your game!
    Smart investors sit on the position before you move! Just follow Dow Jones!

    Some cute beginners advice here:
    http://www.news.com.au/finance/econo...cc6eb953c82d22

    ARB leaves rates unchanged, some good points here:
    https://www.theguardian.com/australi...market-turmoil

    All of the above are notes to myself and under no circumstances to be taken as my personal views, or suggestions, or advice to anyone!
    ACF 3118316
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  6. #411
    CC Grandmaster ER's Avatar
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    Quote Originally Posted by ER View Post
    Latest Guardian blog
    re market moves

    https://www.theguardian.com/business...s-live-updates

    Personal notes

    Expect more loses tomorrow
    Silly traders don't panic, after all living dangerously is your game!
    Smart investors sit on the position before you move! Just follow Dow Jones!

    Some cute beginners advice here:
    http://www.news.com.au/finance/econo...cc6eb953c82d22

    ARB leaves rates unchanged, some good points here:
    https://www.theguardian.com/australi...market-turmoil

    All of the above are notes to myself and under no circumstances to be taken as my personal views, or suggestions, or advice to anyone!
    Almost back to normal after yesterday's onslaught.

    Aus ASX on the way to recovery gaining quite a bit of ground in today's solid performance.

    Waiting to see how the Dow Jones performs today (don't forget the time zone difference - it's still Wed 7:10 AM right now in the Big Apple!)
    Last edited by ER; 07-02-2018 at 10:14 PM.
    ACF 3118316
    FIDE 3201457

  7. #412
    Monster of the deep Kevin Bonham's Avatar
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    Posts moved

    Quote Originally Posted by ER View Post
    and Centrelink is the great equalizer!
    As helpfully suggested by Capablanca-Fan, all replies arising from this post moved to Welfare Spending thread.

  8. #413
    CC Grandmaster road runner's Avatar
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    Went to check out the Toys R Us closing down sale today. 5% off Lego. Not really inspiring any snap purchases.
    meep meep

  9. #414
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    The good news is...property prices in Victoria appear to be going down a little...even better news...all this happens while rents are not going down!
    Interested in Chess Lessons?
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  10. #415
    CC Grandmaster Ian Murray's Avatar
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    Average household wealth now exceeds $1m

    Richest Aussies getting richer, data shows
    The West Australian
    12.7.19

    Australia's richest households have gotten richer over the past decade while middle and low-income earners have barely seen an increase in their earnings.

    On average, Australian households are now worth more than $1 million, but that figure is heavily skewed by the wealthiest 20 per cent, who now control 60 per cent of all household wealth.

    Asset-rich, cash-poor Australians are relying on strong increases in property prices and superannuation balances to drive the wealth growth, as income growth has stagnated.

    Australian Bureau of Statistics chief economist Bruce Hockman said average household wealth was $1.02 million in 2017/18, compared to nearly $749,000 in 2005/06....

  11. #416
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    Quote Originally Posted by Ian Murray View Post
    Richest Aussies getting richer, data shows
    The West Australian
    12.7.19

    Australia's richest households have gotten richer over the past decade while middle and low-income earners have barely seen an increase in their earnings.

    On average, Australian households are now worth more than $1 million, but that figure is heavily skewed by the wealthiest 20 per cent, who now control 60 per cent of all household wealth.

    Asset-rich, cash-poor Australians are relying on strong increases in property prices and superannuation balances to drive the wealth growth, as income growth has stagnated.

    Australian Bureau of Statistics chief economist Bruce Hockman said average household wealth was $1.02 million in 2017/18, compared to nearly $749,000 in 2005/06....
    Given my lack of knowledge/commitment to playing stockmarket, I am pleased to see property performing strongly .
    Interested in Chess Lessons?
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