Forum Replies Created
Hi again Bec,
>>But perhaps you’re too smart to get caught.<<
Nope[
] Far too trusting I am. All part of lifes lessons![xx(]>>Anyway, these are just my thoughts. I don’t want to sound like an ad for Jenman, but just an ad for what’s rare in the world today and what needs to be encouraged – sticking up for our fellow humans when things go wrong for them.
Aw, now I feel like crying.<<
Well you are a softy aren’t you[
] Yes, I agree with your statement above.There are times when people need to learn their lessons the hard way. I wish my lessons hadn’t happened, but I wouldn’t change it if I could,
’cause I’ve definately come out of it a lot wiser. So at least I have gained some benefit.But, there are situations that are just unfair and need a knight in shining armour. If Jenman is truly genuine in this regard (he probably is) then godspeed to him.
Wayne
>>Assume your dream house costs $150 000, rent is $170 a week<<
Where is this house???? I want to buy it!!!!!!
The last dream house I looked at was worth about $500k[
] and I can rent it for about $300 per week![][][]Hey Bec,
Relax a bit[
] It’s just that our MR Jenman has become a ubiquitous figure in the R/E game over here. It is well known that, whilst he generally does do an excellent job with his consumer advocacy, The more cynical amongst us have noted that he has a vested interest in discrediting all and sundry, except of course his own client agencies.I thought one with such a healthy cynicism as yourself would understand that[
]I couldn’t help breaking into a wry grin myself[
]Cheers
WayneHi wez,
My sole income is from trading, I write a few articles from time to time for my website, mentioned below; which for the moment is completely free.
Sooner or later i will write articles on bear sidways market strategies, but such strategies are available elswhere in cyberspace now….usually for a fee[
]>> If so, what sort of capital do you allocate to the market to achieve this.<<
Providing that your trading system has a positive expectancy, and you have the appropriate risk profile and are psychologically equipped for it, I would say a minimum of 200k, preferably more. Many traders do it with less, many traders require much more capital than this to trade for a living.
The secret is in Money Management[
]N.B. This is my opinion only, please consult your advisors yada yada yada.
On why traders offer trading education:
1/boredom
2/It’s extra money, why the hell not!
3/To augment and crystalize their own trading methods.
That said, there are hundreds of sheisters who couldn’t trade their way out of a paper bag who sell trading courses….you have good reason for your cynicism; but never throw the baby out with the bathwater[
]WAyne
“e.g. the theory says you can make money no matter what the share market is doing. Yeh right. Big money is made in a bull market, not a bear or sideways market. “
Yup, Felicity and Scully are dead right. As a matter of fact the worst thing one can do is learn to trade in a booming bull market. People tend to mistake their initial success for genius….Then the bear comes along and bites them on the bum[
][] ouch!I must admit, the easiest money to make is in a raging bull market…unless you like writing options, then sideways is good.
Cheers
Wayne
Hi Wayne
Good to hear from you again
In your example how can this be if the person has given a direct instuction,is it because that particular share didnt fit the original criteria for shares that was asked for?Hi Erika,
That seems to be the reason; but I am completely blown away by that revelation. It is just so absurd that I can’t think of anything intelligable to say that doesn’t include a stream of profanity.
I would just like to see people take responsibility for their own actions which in this day and age seems to mean sue whoever you can make a quick buck then find the next person to rip off.[}][}][}] It makes me really mad sometimesErika
Yes unfortunately what you say seems to be the truth[
] Our society has become most unpleasant! Not the same Australia that I came to in 1972! How did we end up like this, I don’t know.This is the ASIC policy statement applicable for anybody interested:
http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/ps118.pdf/$file/ps118.pdf
Wayne
Hi all,
Here is some discussion on the matter from another forum. The responses are from licensed individuals who both work in instutions.
>>My general view is that if the site if free, it should not be regulated by law. (I’t s as free as chatting in a pub, and no one can regulate what you talk about)
If it’s a paid site, then the provider will have some responsibility over the content.<<
and the reply…
>>Thomas’ last point is teh stance of ASIC. That is, if the users of the site are not investment professionals then they may discuss anything. In other words so long as the users of the site are the general public without a barrow to push then there are no problems.
As far as making comments on any security, I would be giving “general” advice which is not directed to any individuals circumstances. Example, “I think gold looks bullish and would buy gold stocks on any dips”. This is general advice but in making this comment I MUST ALSO give a clear warning to any reader. This warning is a few paragraphs long and MUST be given.If I were to say “I think gold looks bullish and YOU SHOULD buy gold stocks on any dips” is specific advice aimed at an individual. That advice must be aligned to the individual investment objectives, financial situation and risk tolerances that would have been collected by the advisor before any advice was given. In fact there are 7 key data points that must be collected from the client before any specific advice is given.
Obviously that cannot be done on this forum by me or anyone.
The fines are serious and here is a real example. Say you come to me on Jan 1st and give me your financial position etc. You state that you want blue chip shares that pay fully franked dividends. Through the year the market goes ballistic, the resources sector has exploded, there are mini-Posieden’s ocurring everywhere. Every 10c stock has quadrupled and its a frenzy. You ring me up one day and say “Buy me $50,000 worth a resource stock “Dog Mining P/L”. I do so because you asked me to. Dog Mining delists and the $50,000 is gone. Geuss what? I am liable. I must pay that $50,00 back. A normal broker would need to write about $200,000 of revenue to recoup that. The client walks away without loss.
Now that example is not an extreme. It just happened to someone I know very well.
What this will do in turn is increase full service brokerage rates and no doubt many smaller investors will be left for themselves. Why would a broker increase his risk for an account that is not considered a good risk/reward?<<
So as I said before it should not be a problem on a site like this; but I do recognise the concern.
I personally find the above rather disturbing and totalitarian. I want the old Australia back again![
]Wayne
Good on ya Steve! My mother always told me that shares are the Devils work!![}
]Now we have a nice wholesome, and christian forum again. YAY [
]Mick INC
Nothing is more satisfying than dancing with the devil and walking away with your soul and some $$$[}
][]I personally miss the discussion/debate/jousts with fellow sharetrading heathen on this forum[
]Wayne
Hi Terry,
Well if we take the absurd valuations used in the *bleep*market, that business could be valued at say 18 times earnings….$4,320,000 [
][][][][}][]Seriously though from my very vague recollections, I think one to two years earnings + stock, fittings etc is about the going rate.
Don’t take that as gospel though i may be way off!
Cheers Wayne
Hi mini,
Well aren’t you a multifaceted soul, not unlike the rest of us[
]…..Stuart Wilde eh, Do you still read his stuff? One of my favourite authors!After the billfromoz schmozle you have just won back some brownie points[
]Wayne
I am really interested to see if this thread gets deleted…..or is it OK to mention shares so long as you are bagging them.[}
]From the sidelines
Wayne
]
] Far too trusting I am. All part of lifes lessons![xx(]
] and I can rent it for about $300 per week
]
] ouch!
]
