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trtkjd1, Rainmaker2000 and freddy2 your posts are right on the mark, fully agree with you all. I've seen the lot, from crashes, recessions, bear markets, wars, Asian financial crisis, Mexican Peso Crisis, terrorist attacks and now the sub prime mess. The thing about all these previous crises is that we all pulled through and so did most of the companies.

People have short memories, remember when Westpac nearly went broke in the early 90's you could have bought them for $3 a piece. Lets not forget QBE at $4.50 straight after the 9/11 attacks. There was AMP and nobody wanted to touch them at $3.80. Then there was Telstra as well (only about 14 Months ago), it was dog, it was going downhill and nobody wanted them for $3.40. In the end all of these companies survived. Long term investing in good quality companies is definitely the way to go. Sharemarkets around the world have been going up and down for centuries but they always pass their previous highs. Look at my signature for my final note, good luck with your investments.

<blockquote data-quote="Bill M" data-source="post: 267178" data-attributes="member: 13706">trtkjd1, Rainmaker2000 and freddy2 your posts are right on the mark, fully agree with you all. I&#039;ve seen the lot, from crashes, recessions, bear markets, wars, Asian financial crisis, Mexican Peso Crisis, terrorist attacks and now the sub prime mess. The thing about all these previous crises is that we all pulled through and so did most of the companies. People have short memories, remember when Westpac nearly went broke in the early 90&#039;s you could have bought them for $3 a piece. Lets not forget QBE at $4.50 straight after the 9/11 attacks. There was AMP and nobody wanted to touch them at $3.80. Then there was Telstra as well (only about 14 Months ago), it was dog, it was going downhill and nobody wanted them for $3.40. In the end all of these companies survived. Long term investing in good quality companies is definitely the way to go. Sharemarkets around the world have been going up and down for centuries but they always pass their previous highs. Look at my signature for my final note, good luck with your investments.</blockquote>

[QUOTE="Bill M, post: 267178, member: 13706"] trtkjd1, Rainmaker2000 and freddy2 your posts are right on the mark, fully agree with you all. I've seen the lot, from crashes, recessions, bear markets, wars, Asian financial crisis, Mexican Peso Crisis, terrorist attacks and now the sub prime mess. The thing about all these previous crises is that we all pulled through and so did most of the companies. People have short memories, remember when Westpac nearly went broke in the early 90's you could have bought them for $3 a piece. Lets not forget QBE at $4.50 straight after the 9/11 attacks. There was AMP and nobody wanted to touch them at $3.80. Then there was Telstra as well (only about 14 Months ago), it was dog, it was going downhill and nobody wanted them for $3.40. In the end all of these companies survived. Long term investing in good quality companies is definitely the way to go. Sharemarkets around the world have been going up and down for centuries but they always pass their previous highs. Look at my signature for my final note, good luck with your investments. [/QUOTE]

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