Forum Replies Created
“Society is just too lenient. Steal money and you get ten years, kill someone and get off with 3-5 years.”
Actually thats not true. Offences against the person, robbery and drug offences have increased as a proportion of prisoners from 51% in 1988 to 57% in 1998. Both the average sentence length and the average length of stay have increased for these offences. The number of sentenced prisoners has increased by an average 85% between 1988 and 1998 for these offences. So more people are going to jail for longer.
Over the same period in NSW the average sentence for murder has increased by 20% The median term of imprisonment handed down in 2001 by the NSW Supreme court for murder was actually 20 years.
Financial position: Sallary: $65k
Investment Property 1: Negitive Geared. Owe:$112k
Rent: $155 pw
Value: $150-$160kInvestiment Property 2: Negitive Geared: Owe:$133k
Rent: $215 pw
Value: $210-220kLive in Government housing rent free,
Now I know why I pay so much tax
This speech is actually a hoax, it was never made by Gates. It’s an excerpt from the book “Dumbing Down our Kids” by educator Charles Sykes.
“Firstly, he has chased away the Taliban who were protecting and supporting the Osama Bin laden mob”.
So that would explain why they have managed to capture Bun Laden and why the Taliban still control portions of Afghanisatn
Secondly, eventually there will be a democratic
government in Afghanistan, a moderate one like Turkey perhaps ?So the various warlords that control the areas outside Kabul are going to take notice of a leader appointed by the US. Did you also know that acording to the Red Cross it is estmated that Turkey has killed more Kurds that Iraq…there’s an incovenient fact
Thirdly, the changing of mind of Pakistan’s leader Musharef is of enormous help as terrorists hiding in the mountains would have been very hard to catch (if at all possible).
See earlier point about catching Bin Laden. PS had you noticed that Musharef is actually a dictator who doesnt allow freedom of press and whose human rights record is appalling particularly when it comes to the treatment of women
Fourthly, Musharef’ turning towards the West means a big step towards peace between India and Pakistan.
That would explain why Musharef constantly has someone watching his back because of the influence of radical Islam within Pakistan. It would also explain why India and Pakistan exchange fire on a regular basis
Fifthly, changing the government of Iraq to a democratic (and, again, hopefully a moderate government) also will go a long way towards
helping to create a more peaceful Middle East.Thats why the largest religous block in Iraq refuses to acknowledge the legitimacy of the new constitution. Yep it should work well when more than half the country wont accept its authority
Sixthly, the invasion of Iraq has helped change Libya’s Gadaffi’s mind.
Gaddafi’s decision has more to do with economics rather than politics
Seventhly, by rattling the sabres Iran (as is the case with Syria as well) too has been shaken up and is likely to (eventually) moderate their outlook the moment the USA has some sparetime to address that issue.
So thats why Iran elected a hardline conservative government and swung away from the west. And have ramped up their nuclear weapons program
If the US were serious about bringing stability to the middle east they would try and find a way out of the bloody morass that the Israeli’s and Palestinians have created for themselves.
There are according to the US State Department about 43 dictators stretching in an arc from China through North Korea, Central Asia, Pakistan and into Africa. If the US were seious about dealing with these appalling individuals they would remove all of them. But there is a problem, the two biggest China and North Korea have no oil and are more than capable of looking after themselves.
“Hypoglycemia is seen as the starting point for a discussion on nutritional disorders underlying
most degenerative diseases and mental disorders.”By who?
You can also download a series of free anti spyware programs from http://www.wilderssecurity.net/index.html
It sounds as if you have a browser hijack program active. You can also download a free utility for scanning your pc for spy/adware from http://www.safer-networking.org/
Interesting, people want their children to get the best education but no one is willing to pay for it. A very strange paradox. In fact there seems to be a tone among some of you that teachers should work for free.
Its also strange that people on a website dedicated to wealth creation complain about others wanting to undertake wealth creation in their own way.
Other peoples rates of pay dont concern me, when I left medical school I was on under $30k per year and was working in excess of 100 hours per work….did it worry me…not really….I was grateful to be there and I was only there because my teachers took an interest in me and encouraged me to aim as high as I could.
Absolute bollocks………in medical circles this is up there with the urban myth of individuals on holiday who wake up to find their kidneys removed.
In decades of being involved with trauma medicine I have never once seen or heard of a case where someone who was an organ donor was simply left to die because they could be harvested.
Before you make very childish and silly statements you might want to actually want to research the topic, you can do this my contacting various organ donation societies or the ethics committees of the hospitals that are involved in transplant medicine.
ps: I am an organ donor
Crashy you seem to be a very touchy individual, I will put this down to your inexperience and desperate desire to prove yourself. Which in turn is perhaps a reflection of your current unemployment.
This is also evidenced by the aggression you show on other parts of the forum ot ideas you struggle with.
With regard to Buffett there is no difference between trading and investing, the only superficial difference is the time frame. Once again you cant argue with returns. Not my cup of tea but he does seem to motor along for a down home country boy
As to the results of my test you only get half marks since you only got half a question right.
Your definition of leptokeurtotic was close enough but that wasnt the question, your knowledge of money management which is the cornerstone of trading is woefully inadequate. I would suggest a little reading might be in order particualry since you are going to write the worlds most definitive trading book.
For those who want to be guided towards technical trading you could look at http://www.ataa.com.au. This is the Australian Technical Analysts Association, for a modest fee they have a newsletter, monthly meetings with a variety of guest speakers and a substantial lending library which will save you a fortune.
You could also look at the courses run by local tafe’s here in Melbourne both Holemglen and the CAE run courses on share market trading and I am certain that other states have similiar courses.
And despite what Crashy says check out the local book scene I know a few of the local authors and despite Crashy assertion all the ones I have met trade and trade successfully. You alo get the advatage of local contacts who you can ask questions of.
Angus and Robertson/Dymocks carry most books or you could try online at http://www.educatedinvestor.com.au
Once again thanks for the property knowledge, I will continue to lurk with interest. I dont want to clog up Steve’s forum so if you want you can email me at [email protected]
PJD
Whilst I dont know much about Jan Somers her figures on the long term rate of return of the market is near enough.
The US Centre of National Policy analysed the returns available from the S&P500 which is roughly analagous to our All Ordinaries. What they found was that between 1961 and 2002 was 7.3%. The average return between 1872 and 2000 was 6.4%
However these figures are somewhat misleading simply because they are average returns.
A better visual guide can be gained from the following chart : http://www.stockmarkettiming.com/historical-charts.html
From 1900 to 1943, the DJIA only increased at a rate of return of 2.3% per year. Another stagnant and long duration was from about 1962 to 1982 (20 years), when the DJIA only increased at a rate of 2.4% per year.
So it is quite possible for long term holders to lose money.
Once again success favours those who are prepared.
Hi Guys long time lurker first time poster, it has been fascinating watching the interaction and enthusiam of people as they explore wealth creation.
I must admit I dont know much about property, in fact what I know about it could be written on the head of a pin.
However, I have been a professional trader for almost three decades, I started tradng back in the days of stockmarket floors and orders placed by telex. And I am motivated to respond to some of things written by Crashy, many of his points need correction and betray his enthusiam rather than his experience.
Ordinarily I would not interject but money is an important thing and is very easy to lose so I feel it is neccesary to offer an alternative position.
Crashy said
You cannot trade with fundamentals
Whilst I am a technical trader and have been since the time before personal pc’s I have to cite the worlds second rich man Warren Buffett. Whilst our methods are vastly different you cannot argue with returns that have for several decades outperformed the S&P 500. The last time I looked his long term rate of return was 18%
risk is inversly proportional to time. 90% of day traders lose. 100% of long term investors win.
This is actually incorrect, risk is invarient of time for two reasons. Firstly markets are fractal in nature so the patterns you see repeated over the long term and also repeated over all time frames.
Secondly risk is a function of money management, it is not a temporal function.
The notion that short term traders lose money and long term traders make money is not supported by quatitative evidence. A more correct statment would be most unprepared traders lose money over all time frames.
shares (FPO’s) are obsolete. I trade eto’s and CFD’s
This is somewhat of an exagerration, cfd’s have been around since 1989 in other markets and are analogous to single share futures. No instrument has yet replaced the fpo since they are they backbone of the secondary market, if Crashy’s statment were true then there would be no market, if there were no market then there would be no equity cfd’s
In other markets such as fx where this concept has been around for sometime cfd trading falls a long way behind the interbank market and futures exchanges.
LOL. Forget any aussie authors. They are authors, not traders. I like books like “trading for a living” Eng.
You know this for a fact do you?
Trading for a Living was written by Dr Alexander Elder not Eng. Elder a Russina psychiatrist is an interesting dinner compnaion, his tale of how escape from the KGB is fascinating. But having spent some time with the good Dr I am failry certain he does not trade.
I am writing one book about psychology. I will also write a few other books, as the oversights and rubbish in a lot of share trading books must be corrected.
Perhaps you could then tell us about how to integrate the shadow which is a Jungian archetype and which is something all successful traders have done. Perhaps you could also critique the work of Thaler and Odean in the first of behaviour finance and its impact upon the effecient market hypothesis.
Would you also be able to tell us where others have gone wrong and where your ground breaking material will set the world alight.
7) Do you use or think any of the stockmarket newsletters are useful eg
intelligent investor, huntleys, marketmad etc..intelligent investor I have read a few times, I think its good, I also hear good things about
Hang on didnt you just say you cant trade on fundamentals yet you are recommending fundamental newsletters
9) what do you think of companies that promote charting systems/software/courses?
Avoid the ASX and Securities Institute if you want to learn about trading neither will teach you about trading. Mind you if you do the SIA courses you might come across someone like me who can teach you about derivatives pricing….a fascinating subject but of not that much use in the trenches.
If you want to find out someones level of trading knowledge there are a few simple questions you can ask.
Whilst these may seem overly technical they are a good guide to the depth of someones understanding about markets.
1. Are the distribution of stockmarket prices leptokeurtotic or random.
2. Optimal f presents us will a problem in money management. What is that problem?
3. The Kelly equation which is the basis for all money management and interestingly enough the basis for betting strategies in blackjack has a fundamental flaw when applied to share trading. What is that flaw?
4. In options trading what is the measure of directional risk?I am sorry to but into a property forum and my apologies to anyone who is put out. But markets are very unforgiving, they will take money off you far quicker than the property market will.
I felt that everyone here had presented so much in the way of free property based knowledge to me that I had to repay the favour
