The top of this cycle for ASX 200, cash is king?

[Pivotonian]

Re: The top of this cycle for ASX200, cash is king?

I'd also like to thank you for your contribution Mark. I've been a reader of this thread since the beginning and I'm very disappointed to see you go.

 

[kahuna1]

Re: The top of this cycle for ASX200, cash is king?

Tee hee ...

Opinions vary. ASIC advisor is someone registered with ASIC and an authorised representative number. It comes under RG 146 and requirements for people in the industry. A lot however hide behind their parents AFSL and are not individually licenced with ASIC .

Giving an opinion whilst someone with an AR number is against the TOU of this site and most other chat sites hence the sad fact I cannot post.

As to the opinions regarding advisors .... since I have 27 years of experience including Chief dealer of several units of one of the largest banks in the world .... I suggest if you think I made it from a trainee dealer to that position by being good looking or my charm you may be mistaken. If you can find a financial advisor with a very similar CV I will buy the steak knives !!

Either way time for me to depart. I have explained my motivations for moving this direction here and other places.

Take care

Mark

 

[brty]

Re: The top of this cycle for ASX200, cash is king?

ASIC Regulatory Guide 146 : Licensing : Training of financial product advisers.

This guide sets out minimum training standards that apply to advisers and how advisers can meet these training standards.

kahuna1...

since I have 27 years of experience

I first started trading shares in 1980, commodities in 1981, for my own account. I must remember to include this in every post.

brty

 

[kahuna1]

Re: The top of this cycle for ASX200, cash is king?

Brty,

No ...

There are rules and for a reason. It is one thing to talk about cycles and mention the odd stock ect ect. But if you are an AR holder it gives you some credibility in some peoples eyes. I accept your cynical and negative tone because I am a big boy ..... however as an AR holder it comes with responsibility .... if I was to mumble some stock and then someone was to buy it because it gave me some credibility due to the fact I have and hold an AR ... I would be doing them a disservice due to the fact they were in effect taking my comment as a recommendation about the stock and the fact is I would not know the person ... not know their financial situation ... their goals ... their risk appetite ... or their objectives.

Obviously you have some cynical bone to pick with some advisor or stock promoter from your past but this is not my problem. If I mumbled a stock or any licenced AR holder mumbled a stock it should have about 10 different caveats behind that recommendation that went to the effect they might like the stock but the stock in question was only a general opinion and a financial advisor should be consulted before you invest in any stock. Reason being is that for instance someone who is in the latter stages of life trying to preserve their capital for retirement ... the stock you mentioned may be of a higher risk and not appropriate for their objectives. They might buy 50% of their whole portfolio on this stock ... again not a good move ... and it could be they require stocks which are likely to produce a stable franked income of a decent amount and again .... a stock which is more along the lines of growth as opposed to an income is likely not suitable for them to be buying.

Sorry to spell it out .... but over the years I have been very careful with these sorts of issues in mind.

As to the basis of this thread which was picking the market cycles .... I think I made it quite clear as to where I thought the market bottomed recently. You are quite welcome in my absence to continue calling where you think the market will stall on the top or this rise and eventually be supported on the bottom .... the cycles on the ASX 200. For myself I have been providing this sort of thread here and away with some fairly decent accuracy for over 5 years and in real time ... not calling its moves after they happened ...

On the first one I shared here ... on this site .... as we were still heading down .... my comment was ....
"This right now short term noise and suspect we stop somewhere in the 4,500-4,600 region either way"

I think clearly we built a base there ....

You can continue the calling of the cycles for me and where it stops. I again at 4,500 did a post forget everything ect ect .... which was bullish in the extreme .... maybe you care to share your views on the overall market and its cycles before it happens ?

Either way for me time to depart ...


Anyhow take care

Mark

 

[Trembling Hand]

Re: The top of this cycle for ASX200, cash is king?

Either way for me time to depart ...

Fine let this thread die I say. It always look like a quick pump prime for some business right from the start. As it turns out you have probably achieved your goal. People now know you're a guru and have a lic to charge for this info from here.

Good luck.

(by the way there are 3 other people with AFSL that manage to post here without all the BS you are going on with but hey that's them.)

Cheerio!!

 

[Julia]

Re: The top of this cycle for ASX200, cash is king?

I have to agree with brty and TH. Always find it a bit disappointing when people use a stock forum to tout for business.
Maybe more honest to pay Joe for actual advertising space.

Nevertheless, congratulations Mark, on getting a licence after 27 years.
I hope your career flourishes.

 

[MRC & Co]

Re: The top of this cycle for ASX200, cash is king?

(by the way there are 3 other people with AFSL that manage to post here without all the BS you are going on with but hey that's them.)

Cheerio!!

lol. That's what I thought!

 

[kahuna1]

Re: The top of this cycle for ASX200, cash is king?

Hahhaha ...

2,700 odd posts ... helped make Sharescene to the number one rated site and you think I am fishing for clients ?

Hillarious .... view .... for 10 years on other rated sites I contributed 10,000 pages of original content and looking for clients ?

You deserve the outcome that has obviously made you what you are.

As for Joe ... Joe actually very kindly quoted me himself several times over the years despite the fact I was the number one rated poster at another site. Suggesting he said kind things about me in an attempt to get me to post to Aussie stock forums is about as stupid as the suggestion I spent the time to share opinions for free ... with some ulterior view to get clients at some stage in the future.

Sorry but its always amusing and confounding the way people put two and two together and come up with a conspiracy theory.

I spent about an hour preparing each of the posts over the years ... hmm let me see 5,000 posts I suppose between various sites ... 5,000 hours .... yes all for clients.


I thought it might be nice to post both sites for the last few months ...

Sadly it was this sort of stuff I copped.

Good luck Joe and thanks very much for your kind comments over the years and of course wish you all the best as I did when you were starting out on this site nearly 6 years ago. You have done a great job. Congratulations on your various awards of late. What makes a site is the actual posters as I am sure you well know and how they treat each other. Sometimes it devolves into what is below .... nothing new for me I will just log off forever .... kind of like the old joke about keeping an idiot in suspense .....

I will get back to you ....

regards

Mark

 

[professor_frink]

Re: The top of this cycle for ASX200, cash is king?

Hi Mark,

if you were copping grief on the other forum you visited, perhaps it's just a misunderstanding with the way you are wording your posts

I'd try and draw my own conclusion but have the attention span of a goldfish and started to tune out whilst reading this thread(sorry but they are very long winded posts).

I'm sure if you are genuine people will see that over time

 

[BradK]

Re: The top of this cycle for ASX200, cash is king?

Geessshhh... give him a break!! The stock market is a broad church. Some of your responses are embarrassing.

Brad

 

[Trembling Hand]

Re: The top of this cycle for ASX200, cash is king?

Geessshhh... give him a break!! The stock market is a broad church. Some of your responses are embarrassing.

Brad

Such as?

 

[BradK]

Re: The top of this cycle for ASX200, cash is king?

Such as?

Questioning the motives of Kahuna, trying to make him out to be arrogant... hmmmm... why do I have the feeling that I have just painted a big red target on myself no matter what I say?

"Shoot straight you bastards" - Breaker Morant.

Brad

 

[MRC & Co]

Re: The top of this cycle for ASX200, cash is king?

I don't think your fishing for clients.

But how many years experience do you have again? And it was one of the big banks yeh? And you were very high up, right?

Plenty here work as professional traders and in some leading companies in all sorts of firms (from hedge funds to prop), they just don't harp on about it every post. Kind of gets old and takes away from your posts (which may be good themselves).

 

[Trembling Hand]

Re: The top of this cycle for ASX200, cash is king?

trying to make him out to be arrogant... hmmmm...

Hardly. I think he's done a great job of that himself. Please come back and educate us unwashed heathens oh strange and masterful new king. But seriously why all the BS about "I'm here to share my greatness but sorry I gotta go." yeah yeah yeah.

Its daily someone signs up and starts banging on about their experience. Its funny the ones that stay are the ones that engage in discussion. With the others that also have experience as there plenty here.

I guess some don't like to earn it just demand it.

 

[Whiskers]

Re: The top of this cycle for ASX200, cash is king?

Hi Mark,

if you were copping grief on the other forum you visited, perhaps it's just a misunderstanding with the way you are wording your posts

I'd try and draw my own conclusion but have the attention span of a goldfish and started to tune out whilst reading this thread(sorry but they are very long winded posts).

I'm sure if you are genuine people will see that over time

Ditto.

I don't think your fishing for clients.

But how many years experience do you have again? And it was one of the big banks yeh? And you were very high up, right?

Plenty here work as professional traders and in some leading companies in all sorts of firms (from hedge funds to prop), they just don't harp on about it every post. Kind of gets old and takes away from your posts (which may be good themselves).

Ditto again...

While I respect TH's trading ability, this also blunts my 'affection' for him as a person. :

 

[kahuna1]

Re: The top of this cycle for ASX200, cash is king?

I guess some don't like to earn it just demand it.

Well I dont demand anything .... or sadly expect anything. I just read your views shared over time on this site I suggest you take the time and visit the sharescene.com and compare my own contributions there vs your own here and come back.

Sad end to be treated like someone on hot copper.

Thanks guys

 

[Trembling Hand]

Re: The top of this cycle for ASX200, cash is king?

Classic.

 

[kahuna1]

Re: The top of this cycle for ASX200, cash is king?

Yes classics ...

U wonder why I even mentioned experience... or bothered ... if you read back thru this thread its been the same tone served time and time again. Some of the more abusive ones thankfully have been deleted.

Its ok I will live ... and I suppose I should not respond to goading

All besides the point anyhow.

Wishing Joe and all on Aussie stock formus all the best.

Good luck