Maybe it's meant as a subtle warning for Stormers not to go rushing into the arms of the first perceived saviour who comes along.....look before you leap, lest you jump out of the frying pan into the fire.
Storm Financial Group
- Thread starter Garpal Gumnut
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Maybe it's meant as a subtle warning for Stormers not to go rushing into the arms of the first perceived saviour who comes along.....look before you leap, lest you jump out of the frying pan into the fire.
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The rumour is here now as well. Can you add any more? not rumours, proof? or just read the post from bunyip
None of my business, but why have you said as highlighted above?
.
Glen48
Money can't buy Poverty
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Today's Sunday Mail has a story about CBA offering Storm victims some sort of settlement if they don't take CBA to court...CBA will let them stay in their homes and take ownership once the owner/s pass away..so they are still trapped.
Just ran a quick google
Ramm site:dallecort.com and it comes up with one of their ads http://www.google.com.au/search?q=r...s=org.mozilla:en-US:official&client=firefox-a
With a testimonial from one "Kay Ramm".
"...expert advice that I needed to plan for my retirement."
Two listings for "Ramm" in the whitepages, K Ramm and one C Ramm living in the same suburb of Townsville.
Not conclusive and I apologise if the rumour is incorrect, but I think we would like to hear from Mr Ramm.
Ramm site:dallecort.com and it comes up with one of their ads http://www.google.com.au/search?q=r...s=org.mozilla:en-US:official&client=firefox-a
With a testimonial from one "Kay Ramm".
"...expert advice that I needed to plan for my retirement."
Two listings for "Ramm" in the whitepages, K Ramm and one C Ramm living in the same suburb of Townsville.
Not conclusive and I apologise if the rumour is incorrect, but I think we would like to hear from Mr Ramm.
Glen48
Money can't buy Poverty
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Bunyip
Feels like Sunday to me cos I was up all night trading.
Will be Sunday soon don't panic.
Feels like Sunday to me cos I was up all night trading.
Will be Sunday soon don't panic.
bait ... and ...
do you think it cost them nothing to run a seminar for you ?
That aside, you already fell for it once with Storm... be careful.
IMO stay away from ANYONE that is not a fee for service FP and if gearing into index funds is your thing, hows about starting small and dollar cost or value averaging with cash into a LIC like STW or even ARG and if you must gear, keep your LVR's very low !
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Bendigo Bank have FP that charge upfront and get no commission off products.
Thought you must have got the jump on me by getting the Sunday Mail a day early! lol
What were you trading all night.....Forex?
Glen48
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Bunyip
Wish I could get tomorrows paper...Trading sell CFD on the DOW made 2K but went to bed at 5 am and could have make a few more bucks but then again the DOW shot up in the last hour as more bad news came out which is why Gold went down...please explain.
If this market was Gravity Lead Balls would float.
Wish I could get tomorrows paper...Trading sell CFD on the DOW made 2K but went to bed at 5 am and could have make a few more bucks but then again the DOW shot up in the last hour as more bad news came out which is why Gold went down...please explain.
If this market was Gravity Lead Balls would float.
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well well well ... some scurulous little rumours here from a person with 1 post - well steelo - your rumour is totally incorrect. I am the major shareholder of one of australia's largest economic firms - just google me and i pop up everywhere. I do not own any share in any financial services firm. I cant be more blunt than that and any simple asic search will prove that point.
A lot of storm clients have seen me for advice and i have never recommended any financial adviser. I am in contact with a number of financial planners who are helping storm clients and they are doing a great job in assessing all the irregularities. Without their help we would not be where we are today in advancing the interest of the storm clients.
Our company, AEC Group Ltd, has been helping this cause as a community service obligation (at no charge) because of the social injustice we have seen. We have done similar campaigns in the past.
I should also point out that i have made a comment on a similar topic in this thread around feb 9 or 10.
So steelo or whatever your name is - u can see my real name here and u know where to contact me - why dont u drop me an email or a call if u have the guts... but i spose it is real easy to hide behind yourn single anonymous post.
I should point out that i have no problems people questioning motives etc - this is a hard campaign we are fighting and the stakes are very high and i know the other side arent going to roll over easy. but then again neither am i...
A lot of storm clients have seen me for advice and i have never recommended any financial adviser. I am in contact with a number of financial planners who are helping storm clients and they are doing a great job in assessing all the irregularities. Without their help we would not be where we are today in advancing the interest of the storm clients.
Our company, AEC Group Ltd, has been helping this cause as a community service obligation (at no charge) because of the social injustice we have seen. We have done similar campaigns in the past.
I should also point out that i have made a comment on a similar topic in this thread around feb 9 or 10.
So steelo or whatever your name is - u can see my real name here and u know where to contact me - why dont u drop me an email or a call if u have the guts... but i spose it is real easy to hide behind yourn single anonymous post.
I should point out that i have no problems people questioning motives etc - this is a hard campaign we are fighting and the stakes are very high and i know the other side arent going to roll over easy. but then again neither am i...
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whilst we r on the topic of declaring interests....
maybe "swazee" might like to reveal himself as well - i think we would all find that very interesting given where "he" works.... and the rumours he pushed.
it didnt take me very long to track u down buddy and i am sure u will prove quite newsworthy.
maybe "swazee" might like to reveal himself as well - i think we would all find that very interesting given where "he" works.... and the rumours he pushed.
it didnt take me very long to track u down buddy and i am sure u will prove quite newsworthy.
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Now this is getting interesting. I've got a tenner on CBA. Oh if I loose you will have to take an IOU. You know how it is!!!
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swazee's first post
Swazee doesn't spell cort correctly twice so not Dalle '. Ok, pindilbog... could be someone with a link to a bank perhaps? bank trolls!
Childish games..... !
Would you like to respond to these allegations Carey anyway? But then again it's up to you. None of my business, once again. For what I've read, I do like the work you are doing for storm's victims. Perhaps they can ask you in person if you chose not to respond.
ps: I was in the middle of reading swazee's posts before you brought it up tonight.
Swazee doesn't spell cort correctly twice so not Dalle '. Ok, pindilbog... could be someone with a link to a bank perhaps? bank trolls!
Childish games..... !
Would you like to respond to these allegations Carey anyway? But then again it's up to you. None of my business, once again. For what I've read, I do like the work you are doing for storm's victims. Perhaps they can ask you in person if you chose not to respond.
ps: I was in the middle of reading swazee's posts before you brought it up tonight.
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mmmmmmmmm...............Mr Carey, you do protest too much. Tell us have you ever lost a court case to Mr Cassimatis?
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There's a question and reply on E&J C's web site regarding gearing for the over 65's
http://www.cassimatis.com.au/FAQRetrieve.aspx?ID=36205
It is claimed that the question was submitted from a person from the "CBA" so I suppose we can predict the tone of the reply.
I found the response reasonable.
Where the post talks about the Master of Applied Finance that EC developed does anybody know the course content, electives, prerequestites etc. What inputs EC actually had into the course?
Does anybody here known any graduates ? Which campuses is it offered?
http://www.cassimatis.com.au/FAQRetrieve.aspx?ID=36205
It is claimed that the question was submitted from a person from the "CBA" so I suppose we can predict the tone of the reply.
I found the response reasonable.
Where the post talks about the Master of Applied Finance that EC developed does anybody know the course content, electives, prerequestites etc. What inputs EC actually had into the course?
Does anybody here known any graduates ? Which campuses is it offered?
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Single posts poping up everywhere with more unsubstanciated rumours. Come on!
Carey's response to swazee's post. Carey Ramm 13/2/09.
Carey's response to swazee's post. Carey Ramm 13/2/09.
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I think it cost them one mans wages for ninty minutes. It was also advertised by Dallecourt as no expense to Storm Clients as a community service obligation. You can believe what ever you want. It was helpful and was no cost to my friend.
Ummm ....did you actually read the post? I was there as support for a friend of mine. Personally,I prefer to take responsibility for my own mistakes. Don't need to pay someone else to screw things up for me.
Have absolutely no intention of using them.
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and 60 minutes concludes with one of their mail bag picks last night.
anyway.......
What has happened with Storm's investors hopefully will make people think very carefully when leveraging. Almost everyone uses leverage, including the companies in the world stock markets. One could say "leverage is normal" and no wonder, it's used and advertised everywhere.
Storm victims went in too deep. Yes.... So if you go in with less leverage that is OK? Perhaps, but the outcome is yet to be seen, this time round.
In 1929, 1973, 1980 and 1987 crashes, the markets rebounded here in Australia and reached their highs again after 3 to 7 years. That includes 1929 from peak to peak was 6 years in Australia..... But in America's 1929 crash it took near 25 years to recover. It appears ironic that a CBA Colonial adviser first pointed that out to me in 2003.
http://stockcharts.com/charts/historical/djia1900.html
It is not my intention to rub salt into any wounds. It is just a warning for the continued use of leverage or debt. I will not be surprised if the All-Ords hit 2000 again purely because of de-leveraging. Scare mongering? Perhaps, but if you are leveraged or thinking of leveraging in the markets what will a result of 2000 do to you and even the price of properties?
Experts everywhere......
Even Warren Buffet changed his mind a little recently! I'm not going to pretend to understand how the following guys come to their conclusions. But their outcomes might reflect similar.
https://www.aussiestockforums.com/forums/showthread.php?t=6953&page=27
anyway.......
What has happened with Storm's investors hopefully will make people think very carefully when leveraging. Almost everyone uses leverage, including the companies in the world stock markets. One could say "leverage is normal" and no wonder, it's used and advertised everywhere.
Storm victims went in too deep. Yes.... So if you go in with less leverage that is OK? Perhaps, but the outcome is yet to be seen, this time round.
In 1929, 1973, 1980 and 1987 crashes, the markets rebounded here in Australia and reached their highs again after 3 to 7 years. That includes 1929 from peak to peak was 6 years in Australia..... But in America's 1929 crash it took near 25 years to recover. It appears ironic that a CBA Colonial adviser first pointed that out to me in 2003.
http://stockcharts.com/charts/historical/djia1900.html
It is not my intention to rub salt into any wounds. It is just a warning for the continued use of leverage or debt. I will not be surprised if the All-Ords hit 2000 again purely because of de-leveraging. Scare mongering? Perhaps, but if you are leveraged or thinking of leveraging in the markets what will a result of 2000 do to you and even the price of properties?
Experts everywhere......
Even Warren Buffet changed his mind a little recently! I'm not going to pretend to understand how the following guys come to their conclusions. But their outcomes might reflect similar.
https://www.aussiestockforums.com/forums/showthread.php?t=6953&page=27
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Given MR's post I thought I would put in my 20 cents worth and provide some perspective. We know that the US, UK and Europe are all in recession. Growth in Asia is slowing dramatically, the property bubble has burst and commodity prices are deflating. This is a pretty grim outlook but we have been through it before.
Since 1960, there have been 9 bear markets occurring on average every 5.4 years, lasting an average 15 months with an average market fall of 34%. Yes this is a big one but it is in line with the historical experience of 1973 and 1987. On average it takes 41 months after the market low point for the market to set a new high and the average gain in the first 12 months after the low is 32%. So what we are experiencing has happened in the past and will most likely occur in the future.
What is different is that the events this time round will have a lasting impact on the financial world for the foreseeable future. We are moving to a back to basics investment world with increased government regulation, less complex financial products and much lower leverage. Gone are the days of fancy financial engineering with the demise of the investment banks (at least for the next 5 years!!!). The re-construction of the banking industry in the US, UK and Europe, where in many cases the Government in now the major shareholder, will ensure that sensible economic and business fundamentals prevail which will be critical in rebuilding shattered investor confidence.
We must remember that over time financial markets are driven by these economic and business fundamentals. What we have seen is the negative fundamentals amplifying panic in market sentiment and for many people turning paper losses into real losses. In many cases these people either have never been through a market downturn (like Gen Y) or have short memories and expected the bull markets to run forever. Hence the herd effect takes over and real panic sets in. At times like these it is often wise to consider the advice of someone who has been through a number of bull and bear markets as they most likely will have learnt some expensive lessons in formulating their views. So in the words of Warren Buffet – “ be fearful when others are greedy and greedy only when others are fearful”. I think this is pretty apt for where we sit today.
Bear Markets in Australian Shares since 1960
Bear Markets Months % fall Months % gain in first
to low to high 12 months from low
Sep 60 – Nov 60 2 -23.2 33 +12
Feb 64 – Jun 65 16 -20.4 25 +9
Jan 70 – Nov 71 22 -39.0 94 +52
Jan 73 – Sep 74 20 -59.3 59 +51
Nov 80 – Jul 82 32 -40.6 17 +39
Sep 87 – Nov 87 2 -50.1 75 +35
Aug 89 – Jan 91 15 -32.4 30 +39
Feb 94 – Feb 95 12 -21.7 20 +25
Mar 02 – Mar 03 12 -22.3 15 +27
Average 15 -34 41 +32
Nov 07 - ? 12? -54? ? ?
Source: Bloomberg
Since 1960, there have been 9 bear markets occurring on average every 5.4 years, lasting an average 15 months with an average market fall of 34%. Yes this is a big one but it is in line with the historical experience of 1973 and 1987. On average it takes 41 months after the market low point for the market to set a new high and the average gain in the first 12 months after the low is 32%. So what we are experiencing has happened in the past and will most likely occur in the future.
What is different is that the events this time round will have a lasting impact on the financial world for the foreseeable future. We are moving to a back to basics investment world with increased government regulation, less complex financial products and much lower leverage. Gone are the days of fancy financial engineering with the demise of the investment banks (at least for the next 5 years!!!). The re-construction of the banking industry in the US, UK and Europe, where in many cases the Government in now the major shareholder, will ensure that sensible economic and business fundamentals prevail which will be critical in rebuilding shattered investor confidence.
We must remember that over time financial markets are driven by these economic and business fundamentals. What we have seen is the negative fundamentals amplifying panic in market sentiment and for many people turning paper losses into real losses. In many cases these people either have never been through a market downturn (like Gen Y) or have short memories and expected the bull markets to run forever. Hence the herd effect takes over and real panic sets in. At times like these it is often wise to consider the advice of someone who has been through a number of bull and bear markets as they most likely will have learnt some expensive lessons in formulating their views. So in the words of Warren Buffet – “ be fearful when others are greedy and greedy only when others are fearful”. I think this is pretty apt for where we sit today.
Bear Markets in Australian Shares since 1960
Bear Markets Months % fall Months % gain in first
to low to high 12 months from low
Sep 60 – Nov 60 2 -23.2 33 +12
Feb 64 – Jun 65 16 -20.4 25 +9
Jan 70 – Nov 71 22 -39.0 94 +52
Jan 73 – Sep 74 20 -59.3 59 +51
Nov 80 – Jul 82 32 -40.6 17 +39
Sep 87 – Nov 87 2 -50.1 75 +35
Aug 89 – Jan 91 15 -32.4 30 +39
Feb 94 – Feb 95 12 -21.7 20 +25
Mar 02 – Mar 03 12 -22.3 15 +27
Average 15 -34 41 +32
Nov 07 - ? 12? -54? ? ?
Source: Bloomberg
