Any chance you could share some of the companies you are keen on ? I've watched some of your calls in the past and was quite impressed...
After being quite bearish on resources for a few years, I am tempted to put a toe in the water for long term also...
I can't pick individual companies with my pension, but it contains a resources fund which is a broad mix. I'll post some of them when I get a chance. I know miw posted some oil and gas explorers, drillers a while back which may be worth digging up. I expect you guys would be much better at picking individual companies than me.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Who are Sand P? they are a self appointed rating agency are they your new gurus ex-bp ?- how low will you sink until you realise you are on the wrong side.
You have cheered along with groups like S&P and Murdoch's media throughout one of the biggest transfers of wealth from the poorest to the richest.
You bulls were completely blindsided by the resource crash. Your little cheer squad was decimated.
You whisper your poisonous message about the transfer of wealth?
You disgrace.
This is how wealth is stolen in Australia:
Pure unadulterated bank robbery.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
You do realise share holders own the banks. Share holders being the public & superannuation etc
That's true, to an extent. However, you will find that the rich hold bank shares in ordinary holdings, not subject to the vagaries of waiting for some magical future 'preservation age' when they are sold in bulk.
The other point is that the poor and middle class would prefer to hold real estate than shares, because shares are 'too risky'
Now, through the magic of a government induced property boom and a one way bet on a once in a century mining boom, their superannuation (the index) is loaded up with the riskiest shares of all, banks and mining giants. When this finally blows up it will be like nothing anyone has ever seen in 7 generations.
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
That's true, to an extent. However, you will find that the rich hold bank shares in ordinary holdings, not subject to the vagaries of waiting for some magical future 'preservation age' when they are sold in bulk.
The other point is that the poor and middle class would prefer to hold real estate than shares, because shares are 'too risky'
Now, through the magic of a government induced property boom and a one way bet on a once in a century mining boom, their superannuation (the index) is loaded up with the riskiest shares of all, banks and mining giants. When this finally blows up it will be like nothing anyone has ever seen in 7 generations.
Very insightful John, rich people are rich and shares are more risky than property.
Are you going to tell us how wet your tears are in your next cry session?
Now, through the magic of a government induced property boom and a one way bet on a once in a century mining boom, their superannuation (the index) is loaded up with the riskiest shares of all, banks and mining giants. When this finally blows up it will be like nothing anyone has ever seen in 7 generations.
Which in itself is coercion. The pension "system" is essentially a way that the suburbanites "carry the can."
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