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Good morning. I just copy and paste the bracketed QUOTE command ahead and after the section I want quoted and repeat for each section thereafter with the above results. Regards.
Good morning.
I’m straying a bit off the topic here but I was just wondering how you can break a quote into individual sub quotes, as demonstrated by Julia in post #386?
Thanks in advance.
I have met some former clients, they still feel that the Cassimitis's were unfairly treated by the Comm Bank, they are angry, upset and in debt up to their necks.
They still think Storm had the answers for them,......riches and money. All without effort. Just let the market do the work and somebody else will make you rich. You just live off the efforts of others with out any input or elbow grease from yourself
Maybe with the use of fiat money, the principles of fractional reserve banking, the magic of double entry booking and a sprinkling of fairy dust....this sure fire way to riches could just work again.....:bonk:
Solly, any actual tips on how you gained your wealth?
Here are a few of my beliefs, It may not be what you expect. These views are not unique to me, it's probably just restating obvioius things.
I'll try and revist later as I'm heading out now and I really don't like typing from my Crackberry.
First of all you must define what you want.
Is it a new house, a certain amount of money, a better life by doing something or taking some type of action etc, developing a new product.
This is the most important step. You cannot reach a destination if you don't know where you are travelling to. Don't say things like a I want to have heaps of money. Be specific to the point and head for it.
Determine what you mean by wealth/riches.
Money does not equal riches.
Living in the biggest tin shed on the hill with views to the island doesn't always mean wealth. This is equally important.
Think back to some of the happiest times in your life, see that is a definition of riches. I bet you didn't think back to a time you checked you statement of position or bank balance.
Set a time frame, set milestones, pick a realistic end date to arrive.
How will you do it, Plan your strategy and implement it.
Be willing to fine tune your course.
Surround yourself with people or have access to people who are much smarter than you.
Listen more than you talk, never be afraid to ask questions.
Remember it's all about the journey, enjoy it.
During the take-off roll, be prepared to abort before V1, when you Rotate you are committed to that course. If things go bad after that brace and prepare for impact. Always be have a seat near the exit, always have an exit strategy.
Be prepared to really make huge mistakes, take a breather pick up the pieces and start again
It's a boring & tiring life travelling around strapped in row 1A.
Avoid people that impede your progress,
Be firm but fair.
Stick with your decisions, if you are wrong, admit it, build a bridge and get over it. Move to the next task.
Always live with in your means.
Never buy any article, car, house, clothes, just to impress others.
You don't necesarily need to own something to have access to enjoy or use it. Many things are free or can be accessed in a "pay per use" manner.
It's still "yours" for that time.
Always "pay" yourself first, before paying others.
Never watch Today Tonight or A Current Affair nor any other mind numbing TV.
Google the name: Hyman Minsky. Read and consider his theories.
Never, Never, chase something just for dollars.
I'll elaborate more later....
But it's really all about, pre-planning, implementation, handling variation and steering things to a successful completion. No matter what the task is.
Managing your available time is critical. Time management is simple but has huge payoffs. I call it Time Management Leverage.
Having a JOB ( Just over Broke) is a good thing, you don't need to own a business or corporation to be rich.
Never be greedy, we live in one of the richest, wealthiest places in the world, cherrish this land.
That's one for the legal eagles but my understanding is that bankruptcy lasts for 3 years after which there is no obligation to pay out previous debts.The question over that would be if there was a successful class action in the years to come who got the money.
Agree. Go Sol, and for your detractors.
Did you know that in the human body there is a nerve that connects the eyeball to the anus?
It's called the Anal Optic Nerve, and it is responsible for giving people a sh***y outlook on life.
If you don't believe it, try to pull a hair from your bottom and see if it doesn't bring tears to your eyes.
:iagree:
Solly I have posted this in full as this is exactly the type of smiling white teethed dung that got Storm investors into this mess in the first place.
Through the 80's and 90's a plethora of positive thinking crap came on the market from the US. 7 Habits and all that gumph.
Many simple folk followed the carpetbaggers with the smiles into all sorts of disasters of which Storm is the latest.
So forget all that positive nonsense. These people are in deep ****. Many will not recover.
Let us hope that others will learn from their mistakes.
By the way Solly does the attainment of all your wealth dispose with the necessities of excretion, as your hubris makes me think you are a little bit constipated, protesting your great wealth as if it is of your own making.
gg
This is a very valid point. How many of us have skipped through lengthy PDS documents occasionally?Meanwhile practical solution #1: Pass all financial PDS by a panel of 14 year olds to test their readability.
:iamwithst
Thank you for your response, Solly. I'm glad for you that your life is so good. Undoubtedly my belief that really wealthy people don't boast about their wealth is old fashioned and quite silly.I am a very wealthy rich person. I have the ability chose where I live, where I travel, with whom I associate. I live in places that some would say are mansions, I travel in quality cars, enjoy flying in jets and travelling in boats & ships. I do all that is possible to ensure I possess great health and I am very very happy. I can look out over the sea or look towards the beautiful hinterland while having a fine wine or a good cold beer. I enjoy the company of a close circle of people.
Yep, nothing like a little salt in the wound, is there!Beats me I've got no idea and I don't care.
My life is great why would I be concerned about a bunch of people who got themselves into this mess, of high risk geared investing with a bunch of financials wizards from the Fiscal Capital of the modern world - Townsville Qld.
These people made active choices to invest in this strategy, they signed on the bottom line, the result is all of their own making.
Yes, totally agree. This is the philosophy we all should own.Nobody on this planet owes me a living, gives me my happiness or my outlook, except me.
There's nothing wrong with this advice at all, and I agree. But, Solly, what we all do is offer advice from our own points of view, born out of our own capacity, some of which is genetic and some environmentally obtained.My understanding is that many will lose their houses, businesses, farms, money, retirement savings.
My advice to these is to ADAPT, modify your life behaviours, change your expectations, seek a remedy, then seek a remedy, then seek a remedy, then seek a remedy..........regardless of age, health issues, I can't tolerate excuses.
Indeed. But you do need enough to live on.Maybe you don't need millions in the bank to live a full meaningful life....
But then again I am a very wealthy rich person, I have the ability chose where I live, where I travel, with whom I associate............ get it?
Hi a newbie here. We were with storm for about four years we are realtively youthful and invested proceeds from our first house sale after the 1st big boom in brissy. They did give us the big sell for sure but as has been mentioned here in a boom it is a reasonable risk. Well we got out in late july with a small profit of about forty thousand after four years well down from november the previous year. But when at our previous advice session i asked about the likliehood of a margin call they said the market would have to drop 35% to get a margin call something they said had happened only 2 or 3 times (cant remember exactly). Well it has since dropped well below that. However they did inform us of the risk and i would religiously check my portfolios every day via the challenger website. Once the volatility of the sharemarket got to around 3or 4% with it going up and down this much on a given day i decided that was too much risk and volatility for me and we got out. They didnt like it and dragged their feet about it to which due to the volatility cost us 13000. We are now back in property (owner occupier). My point however is that being in the shaer market is a risk and even if you are in a managed fund if you dont keep an eye on it youreslf than you are a fool. People can always make their own decisions. We were intending to be long term so accepted the risk but the daily volatility just made me too nervous, would love to say that i saw it coming but it was just about our individula situation.
Thank you for your response, Solly. I'm glad for you that your life is so good. Undoubtedly my belief that really wealthy people don't boast about their wealth is old fashioned and quite silly.
Yep, nothing like a little salt in the wound, is there!
Yes, totally agree. This is the philosophy we all should own.
Sadly, there is an increasing culture of blaming anyone other than ourselves for what happens in our lives.
There's nothing wrong with this advice at all, and I agree. But, Solly, what we all do is offer advice from our own points of view, born out of our own capacity, some of which is genetic and some environmentally obtained.
Some of us have a greater ability to pick ourselves up and start again than others. I've done it, you've done it apparently, and so have many others.
But I would also acknowledge that there are people who, for whatever reason, are shocked and bewildered by what has happened and don't have the first clue about what practical options might exist. I've seen people physically and psychologically 'paralysed' by shock/grief/fear of the future.
This is why I've asked anyone who may have had experience in this area to come up with some practical suggestions.
Surinyami and Daisy have at least tried.
Indeed. But you do need enough to live on.
I think we have a reasonable understanding of you, Solly, thank you, so yes, I guess we 'get it'.
Julia
Re-read what I said,
I'm not rubbing salt into any wounds, I'm calling it as it is. Life's tough, it isn't fair. People signed on the line, it's up to them to get out of the mess and to do whatever it takes to improve their position. If some one holds out a hand for assistance I always offer help, guidance and direction. Like others in the past did for me. I don't believe in karma, fortune tellers, tarot card readers, I only deal in facts. Cause and effect, action and reaction and as many other laws of physics that are applicable.
To all those affected by this event, start now, don't delay, don't go under, fight till your life is better, don't ever entertain the alternative for one second. The gloves are off now.
Does anyone have any idea who to contact now storm is really dead in the water. We have only lost fees, a lot of tho, in the last month. What is the best way to learn about investing without an fp. We are beginners.
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