Sometimes I wonder if having a financial adviser who always gets his share of my money is paying off.Quote:
Originally Posted by DeeJay
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Sometimes I wonder if having a financial adviser who always gets his share of my money is paying off.Quote:
Originally Posted by DeeJay
Likewise - I played safe and moved one pension entirely to cash funds, and the other into a wider and less risky mix, and that only took a bit of a hit yesterday...mainly on the UK based high risk fund I left alone. Probably a damn good time to buy back into a few now though....Quote:
Originally Posted by DeeJay
I'm also bloody glad I chose one pension provider that lets me manage and switch funds under the umbrella online....
Some (many) "Financial Advisers" are people with little or no knowledge, selling investments to earn a commision. These are the ones to stay well away from.Quote:
Originally Posted by p38arover
I hope yours is better than that.
Thanks for your applause :D.Quote:
Originally Posted by Captain_Rightfoot
I have no doubt, but I don't buy only for capital growth. I am interested in rental return. As far as I am concerned, an increase in property prices is good, as rents follow. If prices are lower, then I can afford more and get more rent that way.
I think it is important to balance debt vs equity.
If it makes you feel any better, my advisor- who I chose to ignore occasionally, as he is a brother in law, tells me other financial advisors are hurting badly too.Quote:
Originally Posted by p38arover
Now 23/1/2008.
It was all B/S.
Looks to me to be a massive con by Hedge Funds to take advantage of gullibility and sell short in World markets because Wall St was closed.
Wall st closed only about 1.5% down.
ASX up 5% plus so far.
What a mob of idiots the investment community are.
And THEY lecture we small investors about how their " Professional approach" ensures that they get best returns BLAH BLAH BLAH
Regard sPhilip A
Crikey! Just be glad you mob have the money to fool around with!
Potfolio??? The only portfolio I've got is two bits of cardboard taped together from my art student days. :(
As long as it goes back up in the next 15 years.
I don't worry about the fluctuations, I pay someone much smarter than me to do the worrying.
And it would have to drop much more than it did for my margin to be called.
well what a difference a day makes, and also a drop of US fed interest rates of 0.75%...
I'll just say I have done very well out of all of this, some of the shares i bought yesterday are up as much as 30%. :D
insane!
i never thought i'd say this but, Thanks US Fed Reserve!;)
But don't forget the underlying reason they have done that....
There is a lot of pain coming for a lot of people, unfortunately the ones it is going to hurt the most I think (no qualifications so take it with a pinch of salt) are the "Mum and Dad" investors who are going to loose their savings and those who have borrowed heavily to buy (most of my age group) housing.
I think that real estate is a better way to go BUT only when your not borrowing large amounts to do it (eg the whole lot) (something most younger people have done)
remember the recession we "had to have" it's coming back again, only this time globally.