In commentary this evening about SUN's chopping of dividend, the suggestion was made that ANZ may soon do likewise.gfresh;395029) said:Quick look shows ANZ also following around these figures. Doesn't look they really want anybody's money anymore.
Yes, indeed. But following the 1% RBA cut this week, there seems to be considerable thought that any further cuts will be further apart and significantly smaller. So if the alternative to a secure cash deposit in the meantime (preserving capital) is the risk of buying shares which could further tank plus have reduced dividends, then many will opt for the security until there is some clarification of where markets are going.Will be interesting where people will end up putting their cash from now on in. 1 year deposits that may have been entered back in say March will be rolling off soon.. 6 months must be coming up soon for a lot of people.
Robert Buckland...... Citi Global Equity Strategist UK
“Equities have become the long term savings class of choice. “
“Global bonds have outperformed Global Equities this decade. “
“We think corporate profitability will halve from peak to trough. We think the trough will be in 2010”
“The ability of equities to rerate again when they recover will be restrained by the continued selling of equities as an asset class. Pension funds decide to have 20-30% in equities instead of 70 – 80%.”
“This will be after a rebound in 4-5 years time”
From 1980 to 2000 what made PROFITS rise by so much?
Technology? Debts? ........? ..........?
From Inside Business this morning:
Alan Kohler:
Australian Shares over the last 10 years is now less than 6% per annum including dividends.
and
hello,
so just plod along banging as much cash into the bank/super fund (cash option) as you can
work on getting MASSIVE $ from your income and all is rosy
thankyou
robots
hello,
so just plod along banging as much cash into the bank/super fund (cash option) as you can
work on getting MASSIVE $ from your income and all is rosy
thankyou
robots
It will be the undoing of the property market here in Australia.
I read some sarcasm there bots. I'm not sure "all is rosy" at bank interest returns! Are you still suggesting property being the answer?
From the Australian Job Loses thread:
Job Loses
I largely agree, gg. I'm still more than two thirds in cash.
You're right about the tip sheets. Huntleys have the best part of a page in 'The Weekend Australian' today.
The cash system is quite expensive to run, from what that shop keeper says on the third sign they obviously just haven’t thought about it to long.
1.5% of a business's gross takings would still be more expensive in most cases for the labour required to deal with the cash. A small business owner worked it to be the labour cost of a full days pay for one of their employees. It doesn't take a day for a small business to balance a till and bank the money.The cash system is quite expensive to run, from what that shop keeper says on the third sign they obviously just haven’t thought about it to long.
in defense of physical cash though, we get to be more mindful and think twice before spending it, i've come to notice my money burns quickest when i spend from my saved card or digital walletThe cash system is quite expensive to run, from what that shop keeper says on the third sign they obviously just haven’t thought about it to long.
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