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  • Profile photo of Nat RNat R
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    @nat-r
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    October 5, 2005 - 10:47 pm

    Just too funny :)

    The claims about the loss of the master licence and the inabilty to sell sub licences speak volumes about what the Derivex business was all about.

    I’m sure ASIC and MIAA are very happy to have this continula slandering of their name…I guess the fact it is coming from somebody with absolutly zero credability means nobody pays any attention to it.

    Profile photo of Nat RNat R
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    @nat-r
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    September 28, 2005 - 7:23 am

    Too true…but funnily enough ING offers one of the highest rates and is also has the highest rating of any bank in Australia….higher than any of the big four.

    Profile photo of Nat RNat R
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    @nat-r
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    September 26, 2005 - 10:18 pm

    Further to the Fincorp story….look for more ASIC investigations into debentures issuers going forward

    http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/05-290+Fincorp+to+offer+millions+in+refunds+to+debenture+investors?openDocument

    Profile photo of Nat RNat R
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    @nat-r
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    September 14, 2005 - 3:15 am

    If you are only paying interest it doesn’t matter if you take the loan over 1 year or 100 years ….the repayments stay the same.

    $100,000 x 0.066 = yearly repayment ….then divide by 12 to get monthly, by 52 to get weekly :)

    Profile photo of Nat RNat R
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    @nat-r
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    September 13, 2005 - 7:36 am

    When you say “friend” do you really mean “client” that you can’t get set through your broking business that is linked via the “www” button on your profile?

    Profile photo of Nat RNat R
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    @nat-r
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    September 12, 2005 - 3:40 am

    Best place to find more info is to read a couple of the Pre Sales Reprost on the Standard and Poors Website.

    Note: if a bank issues a bond in its own name then the investors lose out if it goes bad. But if the same bank issues a Mortgaged Backed Bond then the investors are subject to the credit worthiness of the individual loans and the people repaying them.

    You will see that the banks are not allowed to use their name or branding on MBS issues but the choose names that sort of link them eg Adelaide Bank issues Torrens Bonds ….St George issues Crusade etc.

    Profile photo of Nat RNat R
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    @nat-r
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    September 12, 2005 - 2:18 am

    Has your friend tried this group:

    http://www.homesec.com.au/

    Their website is vague and their interest rates look to be very high but they were recommended to me by a fellow forumite …so they must be OK.

    Profile photo of Nat RNat R
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    @nat-r
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    September 9, 2005 - 12:36 pm

    All advertisments for Guru courses seem to depict people walking along the beach talking on telephones…I always assumed this was becasue they had lost thier house due to margin calls and were sleeping in the dunes.

    Profile photo of Nat RNat R
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    @nat-r
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    September 9, 2005 - 12:26 pm

    Its all about the interbank interest rate swap market…nothing more nothing less.(plus a little bit of margin give up on westpac’s part)

    There is a traded market between the banks where they can “swap” fixed rate exposure for floating rate exposure.

    They all issue floating rate debt to fund truck loads of thier mortgage to the big super funds and specialist investors and then swap this floating debt out via the swap market to match any fixed rate loans they write. If the bank was to go broke the MBS bonds they issued would not be affected as they are bankrupcy remote funding trusts ie the investors are exposed to the mums and dads paying back the loan ….not the actaul bank.

    How do I know this ….because I do it every day for a living and have done so for 12 years.

    Profile photo of Nat RNat R
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    @nat-r
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    September 8, 2005 - 11:18 pm
    Originally posted by grossrealisation:

    hi Qlds007
    It doesn’t surprise me its not just the banks.
    I sent a spread sheet to mcdonalds head office in dallas and asked them to burn a cd disk with what I wanted and send it back to me.
    They sent me the chair, air freight 10 days because nobody had a cd burner, when it arrived I couldn’t stop laughing.
    The american’s can put a man on the moon but are not highly computer compliant.
    So this would not be unusual for most us institutions.

    here to help

    Not strange at all….many large companies to not have CD burners or floppy disk drives in their computers as they can’t monitor files that might be taken offsite via these methods. Keep in mind a lot of the information that is swimming around in the networks of big companies has a lot of value if you can take it to a compeditor.

    It s a big problem in investment banking.

    Profile photo of Nat RNat R
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    @nat-r
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    September 7, 2005 - 10:53 pm
    Originally posted by munjy:

    Maybe I am being naive.

    However, getting a better price for your vendor, even if it means a delay of a phone call to a competeing bidder, means more commission for your agency and also for you.

    I would agree …you are being naive….if an agent gets an extra $5000 on a sale that is at best an extra $100 in commision for the agency and probably $40 for them BUT they risk losing the sale altogther…the risk return is skewed against them.

    If I was the agency principal and I saw sales being lost because one of my agents was “trying to look after the coustomer’s best interets” in this manner I would come in swinging a baseball bat.

    Profile photo of Nat RNat R
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    @nat-r
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    September 6, 2005 - 2:40 am

    Recurring theme….when things don’t add it’s usually because they don’t.

    http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/05-264+‘PIPS’+%28People+in+Profit+System%29%3A+Investigation+in+Malaysia?openDocument

    Profile photo of Nat RNat R
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    @nat-r
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    September 5, 2005 - 4:44 am

    10% is not a crash…nowhere does the bloke from JP Morgan use the term…so please don’t misquote again.

    Keep inmind that is less than 6mths gain in some recent years.

    As for the comments from the white shoe real estate agents…who cares what some two-bit salesman says when all he is after is headline exposure.

    Profile photo of Nat RNat R
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    @nat-r
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    August 31, 2005 - 7:07 am

    Every day I read economic research from the major Investment Banks (Merrill Lynch, JP Morgan, UBS etc) and there is a big focus on the property market given the number of securitised loans in the money market.

    Without expception there are no concerns of a property market crash in any of the global markets.

    Profile photo of Nat RNat R
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    @nat-r
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    August 31, 2005 - 2:07 am

    They only want the sale….getting another $10,00 for the vendor hardly makes any difference to the commision the earn. Sometimes its not even worth making the extra phone calls.

    Profile photo of Nat RNat R
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    @nat-r
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    August 30, 2005 - 11:11 pm

    Drop a note in the letter box of the house so the vendor knows what a sh1t job the agent has done….I had the same problem a few years back so I dobbed in the agent via a note to the vendor.

    A few days later I bumped into the agent in the supermarket and she went mental at me….looks like my note worked …and I got the result I was after !!!

    Profile photo of Nat RNat R
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    @nat-r
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    August 30, 2005 - 9:54 pm

    Make that 29,000 again ;)

    Profile photo of Nat RNat R
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    @nat-r
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    August 30, 2005 - 8:07 am
    Originally posted by kay henry:

    I also read tonight (big reading night!) that John Brogden says he will axe 29,000 public service positions if he gets into power in NSW-

    kay henry

    Did he count himself in that number ?

    Profile photo of Nat RNat R
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    @nat-r
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    August 26, 2005 - 12:00 pm

    So many “what ifs” ….what if there is no crash , what if you don’t lose your job, what if you don’t haev to sell.

    While ever I have the ability to work I can service the loans and all is cool. I would hate to get to 90 years old and realise that I should have borrowed more through out mylife….its not like you get a seceond chance.

    I would rather be close to broke a couple of times in my life than poor for all my life !!!!

    Profile photo of Nat RNat R
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    @nat-r
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    August 26, 2005 - 2:43 am

    Have been as high as 110% currently at 45% …moving to 85% soon.

    To be honest I don’t see why it is relevent….debt service ratio is the one that you need to focus on.

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