Well duh. That's what the guy is basically saying: the suburbanite has no disposition to handle their investment like a trader. Property is a sub-optimal investment or a fantasy if it has no risk profile.
No he is saying that a property investor lacks the skills and understanding to maximise his returns, but the reality is that he doesn't understand the property market, and of course it's a big sales pitch to get people out of property and into shares using Merrill Lynch as their broker.
Take risks - if you win you will become wealthy, if you lose you will become wise
No he is saying that a property investor lacks the skills and understanding to maximise his returns, but the reality is that he doesn't understand the property market, and of course it's a big sales pitch to get people out of property and into shares using Merrill Lynch as their broker.
No, he's saying that the suburbanites are investing "sub-optimally." Also,he doesn't work for Merrill Lynch and hasn't worked in forex since 2001.
No, he's saying that the suburbanites are investing "sub-optimally." Also,he doesn't work for Merrill Lynch and hasn't worked in forex since 2001.
Looks like you've uncovered a conspiracy.
actually what you said was -
"The Global Head of Merril Lynch uses houses as an example as he's aware that the majority of suburbanites have their whole lives wrapped in a single asset. If its value dissipates, in many ways they're toast. "
Considering that you don't provide links we will have to go with him being the head of Merril Lynch.
Take risks - if you win you will become wealthy, if you lose you will become wise
"The Global Head of Merril Lynch uses houses as an example as he's aware that the majority of suburbanites have their whole lives wrapped in a single asset. If its value dissipates, in many ways they're toast. "
Considering that you don't provide links we will have to go with him being the head of Merril Lynch.
The post title says he's the ex head of FX for ML, it doesn't say he is no longer with ML. You referred to him as "The Global Head of Merril Lynch"
If you can't provide a link and the relevant quotes from that link, don't make these dishonest posts. They are just cheap click bait designed to boost your own ego.
Take risks - if you win you will become wealthy, if you lose you will become wise
The RBA didn't bail anyone out, and yes the RBA can do it again. Your complete misread of this issue will cost you dearly.
I didn't think Simon said the RBA specifically bailed anyone out, just central banks, and if he had included governments using public money, the validity of his statement would not be in question even here in Australia.
IMHO, the Bail-In model is great in theory, but will result in a lot of people who were unaware that their money was in a tranch that will be sacrificed... any money in such tranches should only be allowed to be moved there if a very authority is somehow fed to the investor prior to the investment being made. I suspect more people have money in these tranches than those who are aware of it.
Quote:
Bail-in can, in principle, be applied to any unsecured debt instrument, including (uninsured) deposits, bonds, commercial paper, derivative obligations and trade credits. However, in practice, longer-term senior unsecured debt is generally considered by policymakers to be the most bail-inable. Short-term liabilities are also considered to be less bail-inable as they are more likely to be subject to runs. Bailing-in unsecured derivatives obligations risks contagion given their widespread use as a risk management tool, and bailing-in trade credits, operational liabilities and uninsured deposits is considered to be less likely due to the social or political implications of exposing individuals or small firms to loss.
I didn't think Simon said the RBA specifically bailed anyone out, just central banks, and if he had included governments using public money, the validity of his statement would not be in question even here in Australia.
IMHO, the Bail-In model is great in theory, but will result in a lot of people who were unaware that their money was in a tranch that will be sacrificed... any money in such tranches should only be allowed to be moved there if a very authority is somehow fed to the investor prior to the investment being made. I suspect more people have money in these tranches than those who are aware of it.
Rufus is well aware of what i wrote but as usual he has to Divert away from the reality I stated because its an inconvenient truth that destroys his argument
Rufus is just being his Dishonest self when he knows hes wrong.
Even funnier was Trollies attempt of convincing us of only being able to receive 1.2% in Interest from Banks and yet banks are clearly offering 3%......
They have positions to Defend and Defend them they will at any cost.........Its Fun to watch
Don't you know the difference between a transaction account and term deposit? Sure thing timo i'll explain the basics to you.
Sure could put it in a term deposit but then your money is locked up for the term, and you've claimed wealth you can't spend can't be counted as "proifit" so the term deposit is no better than an IP.
Simon_S
3 Jan 2017, 11:02 AM
Even funnier was Trollies attempt of convincing us of only being able to receive 1.2% in Interest from Banks and yet banks are clearly offering 3%.
Don't you know the difference between a transaction account and term deposit? Sure thing timo i'll explain the basics to you.
Sure could put it in a term deposit but then your money is locked up for the term, and you've claimed wealth you can't spend can't be counted as "proifit" so the term deposit is no better than an IP. You're a lair or stupid, probably both.
Its obvious you don't......
Again they are Offering 3% in a 12 month/1 year/365 days get it ..........term deposit. Not the 1.2% you posted to suit your silly argument
Money in the Bank is money in the Bank......Can be withdrawn any time.........
How long does it take to sell your house...........Longer than it takes to withdraw my money from the Bank?
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