Sheez someones been redecorating in here while I’ve been away[thumbsup2]
Well I’ve made something of a sea change and moved to Geraldton.
Missus is from here and well known amongst the horsey set…which basically means my visions of a nice quiet Christmas has been utterly foiled. We have at least six destinations to visit on Christmas/boxing day[ohno2]
Next door neighbor happens to be Mr Plod so been subtley trying to find out where the booze bus is going to be LOL (Just kidding, I’ll be getting missus to drive[laughing])
But gee it’s different living in the country! Strangers actually say G’day.
BTW the market is absolutely insane up here and not doing my bearish theories any good at all. Houses are about 10 X local wages[blink]
Anyways, a blessed and politically correct holiday season to all!
I moderate on another forum and I know the difficulties in trying to do the right thing by all concerned…allowing free speech, but drawing a line in the sand somewhere.
Oh no! Not at all! I fully subscribe to the same world view as you.
In fact I was on here in late ’03 talking about this stuff.
Just sitting back now and watching what happens next.
Originally posted by foundation:
PS – Who was laughing at me so recently for being a practising gold-bug? Gold being the ultimate inflation-beater of course, and now up nearly 20% for the year….
Originally posted by Dazzling:
….whose contents are bought and sold many times over (sometimes up to 17 times) by ‘speculators’ and traders in New York and London. If you could kick those leeches off the bandwagon…they produce nothing and do nothing other than shuffle paper and create this waffle called “market sentiment”, and of course add $ to the cost of the load, the price of oil would be back around it’s normal 35 to 40 region.
Hmmmm as one of those “leeches” I feel compelled to offer some defence for my lowly colleagues and I….
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Hmmmm I don’t seem to have a defence! LOL
Perhaps offence is best defence. Why is it OK for real estate speculators to push prices to absurd heights? Why is it OK for share market speculators to increase the value of your super?
Why are oil traders leeches?
It will be the traders who short the crap out of oil, when sentiment turns and push the price down! Will we still then be leeches?
Not all landlords are slumlords and I can easily say that all my IP’s are places that I would or have lived in. After recently meeting an elderly gentleman staying in one of my IP’s I offered to put additional security screens on the fixed windows instead of the half screens that cover only the sliding part of the windows that open. After a discussion with the PM and security company they both advised against it because of a fire safety hazard and now I’m left with the choice of no screens and he may get robbed or bashed and having screens and he may get trapped. Which way to go, screens or no screens.
Also tenants in Australia are generally lot better off than in other countries.
In Japan for instance the tenant:
1) normally pays 3 months bond to the owner and doesn’t expect to get any of it back,
2) 1 month introduction fee to the realestate company,
3) must pay to change the locks after they move out,
4) pay for any items that have been damaged and pay or replace items of general wear and tear like carpets and curtains
5) pay for fire insurance to cover the landlords property
6) have two guarantors or at least one,
7) list all people who will reside at the premises
may not be allowed to have pets, pianos or other musical instruments, motor bikes, large cars or 4 wheel drives
9) pay an additional feel to park your car,
10) pay service charges and or body corp fees,
I will stop here but the list is nearly endless. This may be a good start for a new thread. In what ways are Australian tenants better off than their counterparts in other countries?
C2
Rich in happiness and money is better than rich in money with no happiness.
WOW!
Renting in Australia certainly is a bargain at present.
The unelected President just put fuel up from 35c to 45c a litre. Riots in the streets. 11 people dead in the first day. Anyone with white skin was not very popular that day. We didn’t go home that day. Tanks and army on every street corner….not much fun.
Tall Poppy Syndrome.
Some people don’t believe that Steve should charge for his advice(mentoring), but then those same people are ignorant to the fact that this is Steves business. I see no difference in demanding free food from coles because they are a well off company.
Matt R (Gold Coast)
I’ve mentioned this before, but this sort of thing was common on share trading forums during the recent bear market.
[anxious] At the risk of being flamed – dare I ask what anyone’s thoughts are on Anythony Robbins – I’ve seen some articles on him, and have thought about attending a seminar, but found it a tad expensive.
Thanks for the thoughts in advance.
Get your money working for you instead of a bank! You could earn up to 3% PER MONTH on your money. Ask me how!
I know several people who have done Robbins’ course.
Without exception, these people are totally fixated on money/”success” without any due regard to there own happiness, which my observation is that this area of thir life suffers as a consequence.
I have my thoughts as to why this is, but will keep that to myself for now.
Your comment, “Richard, you can never be sued successfully by anyone for telling the truth or simply stating facts.” is NOT true, mate. Not even close.
Basic Law 101 teaches that it not enough to just state the truth; many huge payouts have been made against truth tellers. It has to be “in the public interest” as well as true – and even then there’s still no certainty that you’d win a big litigation case.
All this said, I s’pose those who use a code name can have some fun in places like this. In the end it’s S teve whod get busted. Some of the posts are great fun but I wonder if S teve’s wife knows their family home is at risk.
All this aside, I agree with Richard that the investors club is crooked and your a good bloke Rob.
Cheers
Leo
Leo,
If that is true, then that is truly scary. There is something amiss in our legal system IMO.
Anyone with two bob to rub together should put there assets well and truly out of reach of potential litigants.
At the same time be sceptical…test everything. Take what people say with a grain of salt, unless they show you their tax records…especially seminar presenters…AND people on the internet LOL
Protect your capital first, profits will follow.
Options: Learn those greeks! No matter how painful. Don’t leave open ended risk.
Thats about all I dare say lest I be arrested by ASIC javascript:insertsmilie(‘[biggrin]’)
Big Grin [biggrin]
The thing is, there are a lot of seminar clowns claiming that it’s easy to make ludicrous returns trading options.
Some of these bozo’s (not mentioning any names )even say it’s a waste of time learning option pricing nuances (greeks) and not to bother, it’s a waste of time.
Those of us who have traded these instruments professionally, know this is a huge, stupendous, monumental mistake.
It’s not that attractive returns are not available, they are. It’s just that the market is not that generous with novices, not for long anyway.
The BSOPM (black scholes option pricing model)can either be your enemy or your friend. If you do not know the BSOPM intimately, it will burn you one day…bad!