Economic implications of a SARS/Coronavirus outbreak

[peter2]

Sad for you . Happy for us, we'll see lot more posts.

Lots more day trading (better keep the coke coming via the Uber Crack App).

If that doesn't appeal you can always clean the bathroom.

 

[over9k]

Sad for you . Happy for us, we'll see lot more posts.

Lots more day trading (better keep the coke coming via the Uber Crack App).

If that doesn't appeal you can always clean the bathroom.

Gotta lay off the coke, it contaminates the covid tests

 

[peter2]

Gotta lay off the coke, it contaminates the covid tests

Yeah, it's the same for Pepsi.

 

[divs4ever]

It's going to get slaughtered tonight, but fact is that there's more energy supply pain (war etc) to come. Markets still haven't realised that the russian supply is going to be cut off more or less permanently.

i kinda disagree , i see the Russian and Iranian oil/gas going more and more to China and and India , BUT who will fill the gap oil producer Libya is a mess ( and MIGHT yet turn anti-NATO if it stabilizes ) , Venezuela , won't be able to crank up production quickly and i haven't been watching Nigeria lately , several others SEEM to be near full capacity

there is actually plenty of oil and gas sitting around undeveloped , or currently uneconomic ( but there is a climate change agenda trying to crush funding )

BUT i guess while we believe that nest of fraudsters and gamblers ( the commodity markets ) everything is possible ( negative oil , etc etc )

 

[divs4ever]

Were you into stock trading before the inheritance?

NO , i sometimes glanced at what mum was doing while administering another relatives affairs ( the relative bought the shares decades before to beef up the retirement income )

i understood what a DRP ( the WOW and CSR holdings were DRPed ) was and franking credits and that was about it

 

[3 hound]

NO , i sometimes glanced at what mum was doing while administering another relatives affairs ( the relative bought the shares decades before to beef up the retirement income )

i understood what a DRP ( the WOW and CSR holdings were DRPed ) was and franking credits and that was about it

I am pretty much in the same position now that you were in then except I have no idea what's DPR or a franking credit etc is. I am just going to pay a financial planner to tell me what to do.

 

[3 hound]

Ok guys australian prostitution, beer, pizza, and cocaine sales are going to plummet for the next fortnight as I've just tested positive for covid and have to quarantine.

Is this like insider trading if I take your information and ditch all my shares in hookers & cocaine?

 

[againsthegrain]

I am pretty much in the same position now that you were in then except I have no idea what's DPR or a franking credit etc is. I am just going to pay a financial planner to tell me what to do.

 

[over9k]

Is this like insider trading if I take your information and ditch all my shares in hookers & cocaine?

Only if you get one over the big money hedge funds etc. If they make money too, you're in the clear - they can't prosecute you without prosecuting them too and they'll never prosecute them.

 

[3 hound]

Only if you get one over the big money hedge funds etc. If they make money too, you're in the clear - they can't prosecute you without prosecuting them too and they'll never prosecute them.

Noted, thanks for the legal and financial advice ?

 

[divs4ever]

i think i meant DRP ... oops

 

[divs4ever]

I am pretty much in the same position now that you were in then except I have no idea what's DPR or a franking credit etc is. I am just going to pay a financial planner to tell me what to do.

first EDUCATE yourself , so you have a fair idea what your adviser is telling you ( and if it is good for you , or VERY good for them )

i got some financial advice ( buy share-packs that their bank sold , which of course meant you needed a trading account via the very same bank .. ( i chose not to take that advice )

i believe that bank got a mention in the Hayne Royal Commission ( regarding conflicted advice )

so indeed have a good idea about stuff and let the adviser fine-tune your outcome

DRP is dividend reinvestment plan , where you get your divs paid in extra shares , now this doesn't suit everyone ( and every company plan is different if they have one at all )

franking credits is where the company prepays the income tax on your dividend ( not all companies do this when paying a div )

so you can reduce your tax bill a little bit

 

[3 hound]

The

first EDUCATE yourself , so you have a fair idea what your adviser is telling you ( and if it is good for you , or VERY good for them )

i got some financial advice ( buy share-packs that their bank sold , which of course meant you needed a trading account via the very same bank .. ( i chose not to take that advice )

i believe that bank got a mention in the Hayne Royal Commission ( regarding conflicted advice )

so indeed have a good idea about stuff and let the adviser fine-tune your outcome

DRP is dividend reinvestment plan , where you get your divs paid in extra shares , now this doesn't suit everyone ( and every company plan is different if they have one at all )

franking credits is where the company prepays the income tax on your dividend ( not all companies do this when paying a div )

so you can reduce your tax bill a little bit

The trading account I was recommended by my FP is CommSec, I assume that is a major mainstream player that is a safe environment to learn in??

The first (now done) was become 100% debt free. I told the FP his plan had to incorporate that move.

The next is either build a big shed and do some home improvements or just sell out and upgrade my place if I can do it without going into debt.

My biggest priority is stay debt free until I die.

I know, can't make money if you don't spend it etc... I was a teenager when we still had yuppies and if they had a million they would borrow three.... didn't end well for most of those 80's yuppies in Australia.

 

[Dona Ferentes]

and meantime, Economic Implications of Covid:

 

[over9k]

On our way back to square one.

 

[divs4ever]

The

The trading account I was recommended by my FP is CommSec, I assume that is a major mainstream player that is a safe environment to learn in??

The first (now done) was become 100% debt free. I told the FP his plan had to incorporate that move.

The next is either build a big shed and do some home improvements or just sell out and upgrade my place if I can do it without going into debt.

My biggest priority is stay debt free until I die.

I know, can't make money if you don't spend it etc... I was a teenager when we still had yuppies and if they had a million they would borrow three.... didn't end well for most of those 80's yuppies in Australia.

OK you NEED to revisit the Hayne Royal Commission CBA got a mention there maybe they have cleaned up the issues , or maybe the regulator has dozed off to sleep again ( or neck deep cleaning up it's own problems )

but if you know what the issues used to be , you have a chance of side-stepping them ( if they still persist ) financial institutions have a habit of changing the lipstick colour on the pig .

the behaviour you saw with the Yuppies is happening again , but at least YOU know what happens next ( so you won't be shocked into inactivity )

overall your plan sounds similar to mine ( i hope it works for both of us )

but remember a LITTLE bit of debt ( you can pay off quickly ) can be useful ( but it can be bloody addictive ) , , avoid being a forced seller ( that is a wealth killer , even worse than dumping and running for the sidelines .. dump and run normally leaves you some cash and assets )

Commsec has it's quirks , but the folks in support are pretty good at their job ( heavens knows i have given them some tricky problems to solve , and i haven't resorted to litigation , so far ) ( just take a DEEP breath before you ring support )

stay cautious ( at least for the first hour tomorrow ) it could dump OR bounce .. keep an eye on commodity prices they might be the key ( to the Oz market )

cheers

 

[over9k]

Covid outbreak you say?



Deja vu anyone?

 

[over9k]

Alright close eyes on these numbers and their trend, if they keep increasing going into the weekend then we can expect the slaughter to continue into next week, if they look like rolling over a cheeky buy on friday might be on the cards.

 

[Smurf1976]

there is actually plenty of oil and gas sitting around undeveloped

There is but don't underestimate the time it takes to actually develop it.

That's especially so for Venezuela where the majority of the oil reserves are bitumen, requiring upgrading prior to sale or even being able to pump the stuff through a pipeline. It's mostly not high quality crude oil just waiting to be pumped, it's as heavy as it gets.

 

[mullokintyre]

There is but don't underestimate the time it takes to actually develop it.

That's especially so for Venezuela where the majority of the oil reserves are bitumen, requiring upgrading prior to sale or even being able to pump the stuff through a pipeline. It's mostly not high quality crude oil just waiting to be pumped, it's as heavy as it gets.

but they have good roads!
Mick