Anyone following the share market?

[6T9rustang]

Originally posted by Foresight

Originally posted by jbrucem1
yes but not all mining companies are chinese owned..tax the foreign (chinese) companies, which yes does keep some profits in the country (more than what they would without the tax) but at what expense - the rudd government is a joke, such a cash grab to get themselves out of the horrendous debt from inappropriate spending. 100 billion in 3 years is a lot of money to lose - and yes the GFC, but in reality australia was greatly immune to its effects..gives ya the <b>[Censored]</b>es

+1

With the government pulling random taxes out of no where it increases australias sovereign risk which is not good for foreign investment at all

+2   Kevin Rudd as priminister 2007 - 2010.

[StephenSLR]

Originally posted by jbrucem1
china is incredibly powerful, frighteningly infact..however enormous class differences will hold them back and with the vast majority of the country living in poverty they have some way to go.

Have you seen how much they've progressed in the last decade?

They no longer have that Chairman Mao mentality, they've woken up to themselves and have adapted to the Western style of capitalism very quickly.  There are many Western businesses also setting up their fronts in China to cash in on their new wealth.

Their goods were always considered cheaper and inferior but now that they're selling to the rest of the world, they've upped their quality standards and prices.

They're pulling themselves away from what they used to be and are now becoming very materialistic.

I think you'll be very surprised if you take a trip to China.

s

[boss 427]

The whisper about the chinese is not a joke. Their real estate market is in free fall.

[ponyride]

This is all too serious ...where's Hev?

[tim_morrison82]

I'm mainly <b>[Censored]</b>ed about the dollar, and the tightened lending criteria since the GFC.

i'm not into the share market. i opened a free comsec account years ago with intent, but chickened out...

i am not happy that i was going to buy some $US for my wifes birthday when the dollar was at 93c, but had to wait a day or 2 for the check to clear. by then it had dropped below 90, and has been slippery since...

how annoying!

[jbrucem1]

i ordered parts from the states 3 weeks ago, they were waiting on parts to complete the order so are yet to charge my credit card- the order has increased by a hundred bucks..dang

[Foresight]

Hmmm not such a disaster after all ;}

[Frank70]

Originally posted by tim_morrison82
I'm mainly <b>[Censored]</b>ed about the dollar, and the tightened lending criteria since the GFC.

i'm not into the share market. i opened a free comsec account years ago with intent, but chickened out...

 

If you outlook is for the long term, then these sorts of days/weeks are buying opportunities. Exactly what you saw this arvo when the market bounced back. Probably institutions buying.
Buy blue chips and you will be fine. The trick is buy them and forget, dont check the mkts very day - that will tempt you to sell but you need to look 10 years or so down the track.

Nat Bank was 50% higher 6 months ago to where it is now - it will go back there.

Cheers,
Frank.

[66ROX]

I have no sympathy for people who lose money on the share market short term. Thats called gambling. No-one expects to make money at the casino!
Long term investments on shares will always win. Remember the "big crash" in 1987. It's way above that again now and dividends have been strong.

Any retiree (or person soon to retire) that still has their money in shares rather than gov't bonds or cash management funds is mad. They are hoping for a quick capital gain instead of the dividend payment (which is the real investment return). Instead they just got a quick loss.
If they haven't put enough money aside during their working days (peeing it up against the wall or living beyond their means) then bad luck. The piddly gov't pension awaits them.

I've had my rant. Thanks.

[StephenSLR]

Originally posted by 66ROX
No-one expects to make money at the casino!

It's the opposite, people wouldn't go otherwise.

I've seen friends lose a lot of money on those dreaded cardies. I could never figure out their fascination with them.

You are right though the statistics show the odds are against you, you may win once if you're lucky but the more times you go the more you lose.  I guess everyone thinks they can beat the system.

Originally posted by 66ROX
Any retiree (or person soon to retire) that still has their money in shares rather than gov't bonds or cash management funds is mad.

Many invested partly in shares when the share market was good hoping it would stay that way till pension time. Now that it's gone down, aren't they better off keeping it in shares till it bounces back rather than selling when it's at a low?

s

[Ausjacko]

The 'trick' to success on the market 'buy low, sell high'.  Unfortunately, most people- god bless them- do exactly the reverse. Behind every opportunity there is panic (or a margin call) ;2
The other necessity, well two really, is do your research, so you know what is low, and diversify.  This was highlighted when friends sold their house in the US a few years back.  Not wishing to be greedy they placed the profit into 'blue chip stock- Enron.  Brought nearly 100k at $76 each.  Enron may sound familiar as it collapsed in one of the largest corporate failures in history. Our friends lost the lot.
 

[Frank70]

Also to blame is the tech-boom around 1998 - 2000 - in those days you could pretty much throw a dart at the Nasdaq , and the stock and it would go up 50% , 100% in no time. I used to log in to the US market at 1:00am - buy in, wait about an hour and sell for 10% min gain.  I would trade $10k at a time and I was doing that 3-4 nights a week. Easy to see how greed set in.

Having said that, I did quite well day trading - it was the stuff I held long term that crashed and burned come late 2001 and again 2002.

Cheers,
Frank.

[Frank70]

I believe John Elliott basically screwed you, but well before the recent boom.

Basically he tried to do a management buyout of Elders which failed and then Elders was investigated for illegal foreign exchange transactions. He then had to focus on clearing his name and in the also in the meantime Elders took over CUB/Fosters and then expanded too quickly and were crippled by too much debt when the crash of 1987 happened.

So , why dont you own a nice chunk of Fosters ? Well they sold off Elders in the 90s.

Not sure what happened after that - they are still around and mainly back into what they know ie. agricultural businesses.

So there is probably a nice box of Grange Hermitage in John's personal cellar with your name on it ...

Cheers,
Frank.

[ponyride]

I always remember Robert Kyosaki's (Rich Dad, Poor Dad) line about shares: "If you are not on the inside, you are on the outside". If you've ever worked for a large publicly listed company and or small cap miners you will know that is 100% correct. Pity I couldn't always practice what I preach though ;]

[ponyride]

Originally posted by T-CODE KID

Originally posted by ponyride
I always remember Robert Kyosaki's (Rich Dad, Poor Dad) line about shares: "If you are not on the inside, you are on the outside". If you've ever worked for a large publicly listed company and or small cap miners you will know that is 100% correct. Pity I couldn't always practice what I preach though ;]  

maybe u have an honest conscience?

No, sorry T-CODE I didn't mean it that way, no skeletons in the closet. I just meant that I too still "gamble" on the ASX when I should know better. Between brokers (no offence to anyone) who have more ulterior motives than you can poke a stick at, and movers and shakers of companies who manipulate stock prices (ramping etc) we really don't stand a chance unless we really are on the inside in some way. I am out of it now, I'd rather pull what I have left in the market and whack it into a Mustang, a lot more fun and at least I can have some control over the whole exercise.