Storm Financial Group
- Thread starter Garpal Gumnut
- Start date
Some of you Stormers would like to have the knowledge and skills to be independent stockmarket investors.
The stockmarket, however, is risky ground for the uneducated.
Anyone wanting to invest in the market has basically two choices.....
* Rely on someone else to help you make decisions, and in so doing, run the risk of getting fleeced and financially destroyed by the greedy and incompetent such as Storm Financial.
OR
* Get yourself educated so you have the skills and knowledge to invest profitably in the market yourself.
The following video link will go a long way towards pointing you in the right direction and fast-tracking your learning process.
I've already posted this link in a couple of other threads on this forum. Some of you will have seen it but for those who haven't, I'm putting it in this thread - it really does contain some very valuable information about successful stockmarket investment.
*http://www.youtube.com/watch?v=wEypGm5ahCI
The stockmarket, however, is risky ground for the uneducated.
Anyone wanting to invest in the market has basically two choices.....
* Rely on someone else to help you make decisions, and in so doing, run the risk of getting fleeced and financially destroyed by the greedy and incompetent such as Storm Financial.
OR
* Get yourself educated so you have the skills and knowledge to invest profitably in the market yourself.
The following video link will go a long way towards pointing you in the right direction and fast-tracking your learning process.
I've already posted this link in a couple of other threads on this forum. Some of you will have seen it but for those who haven't, I'm putting it in this thread - it really does contain some very valuable information about successful stockmarket investment.
*http://www.youtube.com/watch?v=wEypGm5ahCI
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Bunyip you've posted some very sensible advice there. Found the video link very informative. I particularly like the way this presenter is able to convey the information. Many thanks.
You're welcome, Harleyquin.
I don't look for praise when I try and help people - I'm sure you don't either. But it's always nice when someone spends a minute or two to say thanks.
There are lots of helpful people on this forum, but too seldom does anyone bother to thank them for their efforts.
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"Compensation pain for Storm victims"
"ANOTHER possible avenue of compensation for the victims of the Storm Financial disaster appears to have been snatched away on revelations the failed wealth advisor renewed its public indemnity insurance in its dying days."
More by Tony Raggatt The Townsville Bulletin;
http://www.townsvillebulletin.com.au/article/2009/11/12/93271_news.html
"ANOTHER possible avenue of compensation for the victims of the Storm Financial disaster appears to have been snatched away on revelations the failed wealth advisor renewed its public indemnity insurance in its dying days."
More by Tony Raggatt The Townsville Bulletin;
http://www.townsvillebulletin.com.au/article/2009/11/12/93271_news.html
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Unfortunately I don't think this will come as a surprise to some people. I've heard plenty of rumors for a while now that storms so called indemnity insurance was fairly dubious at best. I'm not surprised that the insurer is now running for cover and looking to back away from meeting any liability.
It looks like just another familiar piece that fits into the pattern of this whole mess.
For those who are interested Bernie Ripoll the chair of the parliamentary inquiry into storm is going to be interviewed by Alan Kohler tomorrow on the ABC's Inside Business program at 10:00 AM. It might be worth a look as I believe he is due to report his findings later this month.
Garpal Gumnut
Ross Island Hotel
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Agree mate. The insurance is useless.
If Manny and his mob of amateurs had approached me I would have offered him indemnity cover, knowing that they were so legally and governance compromised , that I would never have to pay out, no matter what the outcome.
gg
Julia
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Many thanks, Grey Ghost. Will watch with interest.
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"Storm duo, Emmanuel and Julie Cassimatis, sue CBA for $17m"
"STORM Financial founders Emmanuel and Julie Cassimatis are striking back at the Commonwealth Bank with a $17 million claim for losses on their personal investment portfolio."
More by Mitch Gaynor in The Sunday Mail
http://www.news.com.au/couriermail/story/0,23739,26349673-3122,00.html
"STORM Financial founders Emmanuel and Julie Cassimatis are striking back at the Commonwealth Bank with a $17 million claim for losses on their personal investment portfolio."
More by Mitch Gaynor in The Sunday Mail
http://www.news.com.au/couriermail/story/0,23739,26349673-3122,00.html
Garpal Gumnut
Ross Island Hotel
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Thanks Solly.
This much misunderstood pair have been sorely misrepresented and villified on this thread.
At least now they will have the chance to get back from the banks the $30 million which was lost to them because the banks alllegedly didn't send them daily bank staements of their margin loans.
Oscar Wilde would have been proud of them. His action against the Marquis of Queensbury was related to me by my great grandfather Gangesh Gumnut as a boy.
Good on you Manny and Julie.
I will keep asf informed of court dates.
If this keeps up I'll buy a unit in Brisbane.
gg
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gg, in the article where it states,
I find this interesting and will be watching this one closely especially regarding the interpretation of "implied obligation".
BTW there are few good new units down Cordelia St way, it's only a short walk or cycle over the new Kurilpa Bridge to the courts.
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If Manny wins his case I wonder how much of any payout he plans to share with all the people who have been Stormified?
LOL.....I can well imagine!
Garpal Gumnut
Ross Island Hotel
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Thanks mate.
"implied obligation" should keep the siks fed for a few months.
Are the coppers tough on not wearing a bicycle helmet down Cordelia st. and over the bridge?
gg
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If you pedal fast enough you're ok you can lose 'em in the crowd if you jump the footpath. I think they are only really interested in street punks on bikes with spray cans in that part of town.
Garpal Gumnut
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I missed Bernie Ripoll on ABC TV this morning. I had to take Dharma to the Church of Bunnings. She is very religious about attending every Sunday.
Does anyone have a transcript of the programme or can fill me in on the content?
gg
Does anyone have a transcript of the programme or can fill me in on the content?
gg
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Garpal Gumnut
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Julia
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Perhaps my expectations were unrealistic, but I found the fairly brief interview with Bernie Ripoll a bit of a non-event. He didn't really say much about anything.
Garpal Gumnut
Ross Island Hotel
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Thanks Julia, I haven't viewed it yet. I may wait for Rupert to report it to me tomorrow on my front lawn.
gg
