By: lasty49
45 minutes ago Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
The majority of Financial Advisors are managed fund sellers.
This is the wrong time to be holding broad shares.
Selective buying is what is needed.
Companies that will be in demand in everyday life even in trouble times.
For example Woolworths.People need to eat still.They will entertain more at home.I see this stock appreciating.
Look for other companies that have a similar vibe.
Wesfarmers perhaps.Coles and Bunnings. People will do more around the house than go out and be entertained.
Watch the trends.The media will spin it like we are in a depression and emphasise savings,recycle clothes, eat out less blah blah blah.
The sheep are lining up now... |
|
By: qikvtec
Today (1:18 pm) Yahoo! Profile:
qikvtec Did this message offend you?
Sign in to report abuse |
Reply to this message |
"If you never want to lose money even on paper your only option is to put it in a sock under the bed where it will make nothing. Evn banks cannot guarntee interestrates for ever."
Ever heard of inflation? |
|
By: lasty49
Today (12:06 pm) Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
"A financial advisor is similar to a stock broker. They look after your money succesfully until nothing is left."
Those real estate agents are squeaky clean too are they ?
LOL... |
|
By: rthomas1302
Today (11:48 am) Yahoo! Profile:
rthomas1302 Did this message offend you?
Sign in to report abuse |
Reply to this message |
A financial advisor is similar to a stock broker. They look after your money succesfully until nothing is left.
Your guess is as good as anyones. The stock market is only about greed and fear and has little to do with fundamental facts. Warren Buffett has proved that many times over but we still do our stupid thing. |
|
By: smilessentials
Today (11:01 am) Yahoo! Profile:
smilessentials Did this message offend you?
Sign in to report abuse |
Reply to this message |
IN JAN 2008 I ASKED MY FINANCIAL ADVISOR TO SELL MY SHARES AS I AM 72 AND RETIRED .HE WAS ON A COMMISSION BASIS ON EQUITIES ONLY AND TALKED ME OUT OF MY COURSE OF ACTION.THANK GOODNESS I INSISTED ON SELLING 70% OF MY SHARES..THE MORAL IS GO BY YOUR OWN INSTINGS AND DO NOT HAVE AN ADVISOR WHO BENIFITS ONLY ON COMMISSION ON EQUITIES NOT CASH.HAVE AN ADVISOR ON PAY FOR SERVICE ONLY NOT COMMISSION
DALE |
|
By: akdoc1
Today (9:16 am) Yahoo! Profile:
akdoc1 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Don't forget when you buy stocks you are gambling and if you don't study the field before putting your bet on you are taking risks. Last time I talked to a financial advisor about a year ago every thing he offered was too risky for me with the economic state what it was then. Every thing was overpriced with few assets and high debt levels. If investing you have too look before you jump not rely on some profesional gambler which is what you seem to have done. Using finacial adviser is no different to using a profesional tipster it just costs you more. If he/she acted against your instructions or they conned you, you have a claim. Otherwise you took the gamble and lost, now you have to be careful you don't throw good money after bad. |
|
By: seabirdauau
2 days ago (Sunday, 7:01 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
Hmmmmmmmmmmmmmmmmmmmmmmmm m
Caltex yes, ASX yes, BHP no 'cause of RIO, Centro will die, ABC tottering on the brink, BNB no way, small miners take great care and trade only.
When the time is "right" SHL yes medicines are good, DJS yes the money people still will buy but a little down market, BWP yes tenants a success story, WBC yes will still be standing and stronger with St George, WOW yes will continue to sell goods as will Coles, CCL yes a strong group.
jade all this coming from an untalented and inexperienced ancient who is really just musing. Listen to his thoughts only at you own risk. |
|
By: jadeshangrila
3 days ago (Saturday, 7:23 pm) Yahoo! Profile:
jadeshangrila Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Yes seabird it is very hard to pick the right blue chip let along predict the bottom. We have started to collect stocks like CTX and ASX but who knows if they have bottomed. Anyone buying stocks will have to take a huge risk of loosing money at this point especially if America becomes financially bankrupt. The financial stocks are still in the dark with uncertainty regarding centro , bnb, abs and some small miners going broke and the rise in mortgage default and libor rates remaining too high. However it will be good to pick the ones that survive this crisis intact. At this point of time they are good for trading. As for commodity stocks we have none in our portfolio at this point of time, but will buy up stocks like BHP if it falls bellow $15 and Woodside if oil falls below $75, probably wpl will be less than $25. I think one has only to look at the last Asian economic crisis when oil falls below $20 a barrel. |
|
By: seabirdauau
3 days ago (Saturday, 6:17 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
Thank you jade.
I consider it may prove difficult to pick the true "blue chips" should the market bottom for a number of these golden oldies may not be as good as they where? PE and dividend selection will not be an easy matter either as most companies will take considerable time to prove themselves and the previous criteria for these "figures" will have changed dramatically from days of yore.
It may turn out not quite as difficult to pick the buy in point however it will still test ones nerves in doing so? |
|
By: jadeshangrila
3 days ago (Saturday, 4:52 pm) Yahoo! Profile:
jadeshangrila Did this message offend you?
Sign in to report abuse |
Reply to this message |
| We are all part medium term investors part trader, while remaining partially in cash at this time. With the aim of collecting good quality blue chips when the market bottoms. |
|
By: seabirdauau
3 days ago (Saturday, 12:21 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
jade are you now agreeing with my read on you Dad's advice given current market trends?
It does help to respond clearly to other's posts rather than, like polpot (and many others), just expound you own theories!
Your Dad's manoeuvres are much similar to my own given a normal market. Exactly what's is his play in todays climate? |
|
By: jadeshangrila
3 days ago (Saturday, 10:22 am) Yahoo! Profile:
jadeshangrila Did this message offend you?
Sign in to report abuse |
Reply to this message |
| My Dad is a little old fashion in the way he plays stock buy he could be describe a as a medium term investor, one of those that looks for a bargain value blue chip and than keep the stock till such time as it appreciates in price and the stock is over valued, than sell, while enjoying the divident, the franklin credit and one year half profit gain tax, which is more superior than bank interest. However recently the market favors the traders, that buy blue chips on a big down day and sells on a big up day, usually several in a week. Or to sell short on speculative stocks that goes down almost everyday due to inferior commodity prices and lost of favor in the market. Anyway for the investors that do not want to miss out on the opportunity of a life time to snap up top blue chips at bargain is the question when will the market bottom out? and when is it safe ? some investors like Warren Buffet do suspect the bottom is near while others want to see the wall street crash hits main street and unemployment soars beyond 10% as for these people the bottom is yet to come, even with the rescue package approved. The down side to a economic slow down is that some stocks will get hit harder than others. Like the last great depression commodity prices were severely affected and hence some investors are cutting lost on these stocks. Companies that supply things essential for survival, like consumer staples, may get through a recession little affected. |
|
By: pol_pak
3 days ago (Saturday, 8:15 am) Yahoo! Profile:
pol_pak Did this message offend you?
Sign in to report abuse |
Reply to this message |
Am asked regularly by people who know I invest/trade shares, for advice about how they can also invest/trade shares.
Advice I give them is first for at least three months:
(A) follow the business and stock market reports in the media every day;
(B) create a dummy portfolio, with dummy money say $12,000 in six companies from the asx top 100 and follow their price changes and the overall value of your dummy portfolio every day;
(C) join Forums such as Yahoo Forum, read the discussion about business and stock markets every day; When comfortable to ask a question do ask.
IF this to complicated, just bank your money and accept lower returns.
There is really not a lot you must learn, but is a lot you can learn, some learn quick, some not so quick, for many it is to difficult...
The day you stop learning is the day you die...
. |
|
By: seabirdauau
4 days ago (Friday, 9:09 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
jade your "old man", who I assume is partner and not father, is quite correct in his advice.
Given partner I consider the advice as well outdated as the world and the markets no longer operate in the fashion in which the advice was formulated. And with your "pen" I also believe that your partner would be too young to be able to give firsthand such advice.
So the advice comes from your dad and once again I say : "......the advice is well outdated as the world and the markets no longer operate in the fashion in which the advice was formulated." and this said despite how well intended the advice is given.
For........1) nearly everyone does 2) nearly everyone does 3) few wait for these all to come together 4) nearly everyone does 5) nearly everyone does 6) nearly everyone does lastly) few don't .........
These parameters dad or your partner offer stand well in what are normal market conditions - a situation that "nearly everyone" these days have not experienced and if they have have now forgot or have and wont tell anybody anything about it.
I fully believe in this 1) to later) advice as I have not forgot and in applying these criteria had the good sense, on my own volition, to get completely out of the market before the CRASH really struck home. |
|
By: jadeshangrila
4 days ago (Friday, 7:23 pm) Yahoo! Profile:
jadeshangrila Did this message offend you?
Sign in to report abuse |
Reply to this message |
| This is what my old man always says.1) never borrow money to buy shares, 2) never buy speculative stocks when the market is down trend,3) always buy when the market is low and buy stocks with high yield, low PE, good growth potential and low debt. 4) never listen to rumors, 5) never trust anyone with your money, 6) never advise people on stocks to buy and never buy on other's advise lastly never loose your capital. |
|
By: pol_pak
4 days ago (Friday, 4:37 pm) Yahoo! Profile:
pol_pak Did this message offend you?
Sign in to report abuse |
Reply to this message |
kimpulses you do have our sympathy for your loss.
Concentrate on making your outlook, your attitude, healthier towards investing.
If were successful on bid to buy a house in December would you now be better off or worse ?
Would you be struggling now with finance trying to pay for the home ?
Would your margin claims have still come ?
Your dreams of owning a house are NOT gone.
Sure dreams may be delayed, postponed, but they are not gone.
Just not realised yet.
IF you expect to be dead over next year, perhaps your dfream is gone - yet even this is not certain.
IF imminent death your plan then you urgently need counselling, ensure your estate will take care of your baby,..
Your learning so far has been expensive.
Many here have been the same way, some several times.
The lesson is life goes on, you can recover IF you start planning to avoid the same mistakes with your investments from now on.
Sure we all continue to make mistakes, sometimes the same ones until we do learn, is all part of the learning, part of our human nature...
What have you learnt ?
Now what do you know to prevent - really reduce the risk, of same trouble happening again ?
As reminded often, things can always get worse...
. |
|
By: seabirdauau
4 days ago (Friday, 4:21 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
"principal" polpot!
Even tho' your spelling is poor your point is right on the mark. |
|
By: pol_pak
4 days ago (Friday, 4:07 pm) Yahoo! Profile:
pol_pak Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Many seem to forget their principle financial planner is themselves. |
|
By: lasty49
4 days ago (Friday, 3:26 pm) Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Trailing commissions are huge in this industry.
The majority are commission earners. |
|
By: popstermick
4 days ago (Friday, 1:19 pm) Yahoo! Profile:
popstermick Did this message offend you?
Sign in to report abuse |
Reply to this message |
"Very few planners will sell down your portfolio.
If they did they would lose their commission.
Most come up with the old cliche "Its time in and not timing" its to suit their agenda not yours"
You are assuming every financial planner gets paid commission. True most get paid commission on entry but most of the planners I work with and know, do not get paid commission once the funds have been placed. So there is no benefit to keeping clients money in funds that are not performing or in funds that have have exposure problems. To lose money if heartbreaking, to sit across the desk from people and explain to them they have lost money is no barrel of fun either and most advisers I know constantly worry about clients funds, whether this becuase I am in a country town and don't have city mentality I'm not sure. If any one on this forum still has a financial adviser contact them regularly, if they dont like it go somewhere else. At the end of the day if you are losing sleep over money change the things that you can. |
|
By: ecchi.gaijin
4 days ago (Friday, 11:22 am) Yahoo! Profile:
ecchi.gaijin Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Just to clarify. You first invested with this firm 10 years ago? And they lost everything they made in the first 9 years, in the last 12 months and you didn't notice it? I would expect that all firms send out a quarterly statement to their clients, if so did you read them? |
|
By: seabirdauau
5 days ago (Thursday, 9:46 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
kimpulses whether you be male or female I read of your plight with lot sadness. It doesn't assist you to know that there are many, many more in similar situations as you find yourself and there is no quick way out.
Financial advisers were sold as "gods gift to man kind" a donation that too many accepted without any qualms. The major problem became readily apparent with the market creating a wild ride to stardom, with more and more advisers over worked and over paid coupled with investors maintaining an unquestionable faith in both the market and their financial advisers.
The word "UNQUESTIONABLE" was the problem.
Consider your attitude towards purchasing a car, white goods, a house and so on ......... surely you would question the salesman? Why not then, with so much a stake, question our financial adviser?
......"He rarely initiated contact with me"......."He definitely didn't advise me to sell anything".......
Surely alarm bells were ringing? Why weren't you watching the market?
Yep his fault, your fault, the markets fault, everyone's fault yet, I am sorry to say, the end result (unless you are extremely fortunate) still remains solely with you. |
|
By: kimpulses
5 days ago (Thursday, 8:21 pm) Yahoo! Profile:
kimpulses Did this message offend you?
Sign in to report abuse |
Reply to this message |
| I have lost my entire life savings - over $300,000 - and I now have a 2 month old baby. Ten years ago I decided I wanted to be smart with my money, so I saw three Financial Advisors and chose the one who was with the largest company. I have been paying him thousands per year to give me 'expert' advice, as I know I am not an expert in this field and never will be. In December last year I put a bid on a house and narrowly missed out on it. Now my house deposit is gone (I have had to sell shares to repay a margin loan). I am still not sure if my financial advisor has done the right thing by me all these years. Certainly he rarely initiated any contact with me, and I felt as though I was only a small fish in his sea of clients. And he definitely didn't advise to sell anything until I was forced to this year. I know there are no guarentees, but how could an 'expert' get it this wrong? My dreams of owning a house are gone. |
|
By: lasty49
6 days ago (Wednesday, 3:28 pm) Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Very few planners will sell down your portfolio.
If they did they would lose their commission.
Most come up with the old cliche "Its time in and not timing" its to suit their agenda not yours.
Ask any qualified trader about "Its time in and not timing"
and they will show you BNB, MFS, ABC learning charts.
People need to remember planners arent traders and they dont think like them.
The fund manager isnt going to tell you to withdraw. His job is get keep the funds in.
So who is going to tell you pull out?
So far both experts wont and its up to you.So why pay the planner in first place when you are making the calls?
So in a bear market who do you turn to?
Your trusty stockbroker?
Well they make money from buying or selling so yes...
They also may suggest option protection but you cant do it with managed funds so no.. or you might have to change products and go for direct shares, so yes.
Before you enter into an investment of any nature, DONT go for the returns it pay first.Question how easy is it to liquidate my investment and what options do I have to protect it. |
|
By: seabirdauau
6 days ago (Wednesday, 12:59 pm) Yahoo! Profile:
seabirdauau Did this message offend you?
Sign in to report abuse |
Reply to this message |
"Well John looks like we should listen to all the new experts on this thread who must have sold down their portfolios before October last year being sooooo well educated................. ...."
I was not so much of an expert but I did foresee (I thought) a coming crash and sold down 50% early December 2007 and the balance early February 2008.
The coming downturn was clearly obvious (to me) and I expounded these thoughts regularly on the Boards. BUT I did not believe the messy would be as messy as has turned out. Thanks to my foresight I am happy with my sellout action. Going through life as a pessimist has its advantages?
HOWEVER I do not consider myself even close to being one of these so called, often uneducated or trained, experts.
Neither am I one of these complainant losers, who I feel sorry for, but wonder were their losses solely the fault of poor advice or their own poor decisions or a mixture of both. One must consider just where the blame be laid? |
|
