Worked it out yet?

[StockAsArOck]

Everyone worked out that the asx is a scam to aid the top 5% whilst you seem to make bad call after bad call?

I went cash, what a great call it turned out to be too.
No doubt there will be plenty of traders who think Im just whinging, but why wouldnt they?, their jobs depend on a steady flow of new cash losers fed to them from banks and various trading sites.
No its a mugs game, and if I could encourage every Australian with less that 100k to trade, to withdraw from the market completely, I have done something good.

Short term this market is a dead set honest cash burner, stop trying to get rich and put your money into Australian infrastructure, not the asx racetrack/casino...

Not convinced? try this - Pick any stock on the asx today that sells below $1 currently, and it will lose at least 50% of its value from the moment of your purchase, and will not move north till you sell at a loss.....had any of those?
Its a scam thats gotten out of control and will implode...

Buyer beware, spend cash on your loved ones, thats always proven to be a better investment to me..........

StockAs - Banned by choice from the competition forums.....

 

[prawn_86]

What about if you can get solid companies with good earnings history and solid management that is paying >8% yeild (obviously depends on purchase price) in dividends year in year out, plus the prosepct of some possible capital gains?

Slow and steady is always a good option. You dont need $100k to be able to do that.

 

[MrBurns]

What about if you can get solid companies with good earnings history and solid management that is paying >8% yeild do that.

You mean like Allco ? Was $15 then 14c now zero........

 

[prawn_86]

You mean like Allco ? Was $15 then 14c now zero........

No. I mean companies that have INCOME and dont rely of revaluations to make their 'profits'. Companies with good interest cover etc. Basic fundamentally sound companies.

If you cant understand how the business works (Allco, MFS, BNB, even Mac Bank) dont invest in it...

 

[Wysiwyg]

Everyone worked out that the asx is a scam to aid the top 5% whilst you seem to make bad call after bad call?

I went cash, what a great call it turned out to be too.

The bull run was over a while back now and yet the suggestion of bad calls is "someone elses fault"??

When we make wrong choices it is our fault!I personally have made monumental errors of judgement due to lack of experience and poor research.If there is some foul play going on then walk away (with your money) and learn from the experience.

 

[MrBurns]

No. I mean companies that have INCOME and dont rely of revaluations to make their 'profits'. Companies with good interest cover etc. Basic fundamentally sound companies.

If you cant understand how the business works (Allco, MFS, BNB, even Mac Bank) dont invest in it...

The sound companies you speak of are being revalued right now so how do you know how much they'e worth ? and what they'll be worth next week, ?what's going on hehind closed doors that you aren't told about ?. Property is a better way to go in my opinion.

Shares are all smoke and mirrors to me.

A lot of people thought Allco was ok, they nearly bought Qantas remember ?

 

[Bushman]

and put your money into Australian infrastructure...

Not convinced? try this - Pick any stock on the asx today that sells below $1 currently, and it will lose at least 50% of its value from the moment of your purchase, and will not move north till you sell at a loss..........

Point 1 - how do you propose Mums and Dads gain access to 'Aussie Infrastructure' if not via the evil share markets? Also, if not equity markets, who will fund this infrastructure? Our stamp duty addled state governments who are about to put their wallets on moth balls? Good luck with that my feathered friend.

Point 2 - Market cap is what is important, not share price.

How about starting Aussie Cash Forum? You might make a buck or two out of your pile of cash. You can link it to the Aussie Knitting Forum...

 

[prawn_86]

The sound companies you speak of are being revalued right now so how do you know how much they'e worth ?

Thats a question that is different for each person. If you can find something within your risk tolerance and that suits your own criteria, then buy it. As i said, i wont buy co's (for long term holds) that i dont understand how they work/are structured.

If you dont like the risks stocks present then definitely stick with property. Personally i am not in a position to be able to invest in property, plus i do not understand some crucial elements (such as negative gearing) and its hard/impossible to find a positive yeild property so i stick with stocks for now.

 

[MrBurns]

Thats a question that is different for each person. If you can find something within your risk tolerance and that suits your own criteria, then buy it. As i said, i wont buy co's (for long term holds) that i dont understand how they work/are structured.

If you dont like the risks stocks present then definitely stick with property. Personally i am not in a position to be able to invest in property, plus i do not understand some crucial elements (such as negative gearing) and its hard/impossible to find a positive yeild property so i stick with stocks for now.

Property is a long term thing unless there's a development edge to it but not in this market, the thing with property it's still there regardless of the market, assuming you aren't heavily geared.

I can never get past the fact that with shares the company can disappear tomorrow, with your money !

No not all of them of course, banks BHP etc but in this climate any of them could be revalued down to who knows what for indefinite periods of time.

 

[sammy84]

Wow, what an extremely negative assessment of equities. The only reason I could believe that you would have such an assessment is that you tried to use the sharemarket to get rich quick and got burnt as a result.

You make mention that short term the market is a cash burner, whilst this maybe the case for you, long term is another story. Statistics don't lie, and the past has shown us that over the longer term the sharemarket outperforms all other major investment categories. If you invest in companies with solid fundamentals, management, history(!) it is hard to go wrong.

Re Allco:

Allco finance even at $15 was always a risky proposition as it was only listed 2006, during one of the biggest bulls we have ever seen. Smart investors would have known to only invest in companies with a robust earnings history, which Allco didn't have. Investing in Allco was no different to investing in a brand new luxury gold coast apartment last year, both risky and stupid. That doesn't mean I dont invest in newly listed companies, but I accept the risk/losses that accompanies it.

 

[StockAsArOck]

Bushman, point 1 and 2 are totally not thought out, I'd tell you why, but I think it would honestly be over your head, no offence intended....

As for property, I agree, its SOON to be tanked and attractive, theres your infrastructure access for mums and dads bushman....
The share market is totally not needed IMO.
Market cap reporting is not policed in any way so is 100% manipulated IMO....and i have proof of this activity.
So, all things said, the best advice I could give small cap players is, go cash....

See if Im wrong in 2 months from your current portfolio position....bet Im not.
This is NOT a downramp, rather, a bit of researched friendly advice for any unsure readers out there......
Indecision is expensive, act fast and sure.

StockAs

 

[MrBurns]

Re Allco:

Allco finance even at $15 was always a risky proposition as it was only listed 2006, during one of the biggest bulls we have ever seen. Smart investors would have known to only invest in companies with a robust earnings history, which Allco didn't have. Investing in Allco was no different to investing in a brand new luxury gold coast apartment last year, both risky and stupid. That doesn't mean I dont invest in newly listed companies, but I accept the risk/losses that accompanies it.

I'll take the unit on the gold coast how about you ?

 

[prawn_86]

Market cap reporting is not policed in any way so is 100% manipulated

Can you expand on this point?

Market Cap = # of shares on issue * current price

Its a pretty simple calculation. Dont see how it can be manipulated.

 

[mazzatelli1000]

Us against the world mentality, when all is not well

 

[tech/a]

What are you blubbering about!

You've been a genius and went cash.
What makes you think others didnt do the same?

If they tried going long in this market 100% of the time they were/are on the wrong side of the market. If you'd have traded short in the previous 5 yrs youd have been broke!

If you/anyone are going to trade then LEARN HOW TO.
Conspiracy----get a grip---you dont have to trade at a loss you have a choice.

 

[StockAsArOck]

Prawn, you assumption that a market cap figure cant be manipulated shows some inherrant thinking within the box IMO, I do not propose that the actual company figures or policing of them are dicked up, just their display via certain brokers.

Eg - Online Broker A knows the market cap for company B has been downgraded from say, 110m to 56m, all you have to do to manipulate it from this point is just experience some "computer lagg" in updating those online stats for your customers....then you have your seemingly great "fundamentals" and their BULL..IT!!!!! lol

Yeah?

(Now you're outside the box)

SA

 

[StockAsArOck]

Tech/a......

How do you breath with your head in the sand so far down.....
Do the papers there say Mccain won?

lol

 

[nunthewiser]

Prawn, you assumption that a market cap figure cant be manipulated shows some inherrant thinking within the box IMO, I do not propose that the actual company figures or policing of them are dicked up, just their display via certain brokers.

Eg - Online Broker A knows the market cap for company B has been downgraded from say, 110m to 56m, all you have to do to manipulate it from this point is just experience some "computer lagg" in updating those online stats for your customers....then you have your seemingly great "fundamentals" and their BULL..IT!!!!! lol

Yeah?

(Now you're outside the box)

SA

unreal

 

[nunthewiser]

MARKET CAP = NUMBER OF SHARES X CURRENT SHARE PRICE , nothin more , nothin less

 

[StockAsArOck]

Thanks....

I think.