Maybe I should not ask this, but, 'Daily Reckoning' are flogging private subscriptions that name "5 Stocks you MUST sell now!" etc. Any info on what those 5 are? MY bet is the banks, and one other. A PM would be nice. OC
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Actually I've been considering a gamble there. It has just been downgraded to junk status by the rating agencies and is dirt cheap. It could soar when the government steps in and saves it. More chances that Tattslotto tix!
I still say most passenger airline companies such as Qantas and its competitors make terrible companies to hold shares in (the industry as a whole). I won't go anywhere near them regardless of their share price. I'd buy into Sydney Airport or Flight Centre if I wanted exposure to air travel
I have been getting the DR newsletter emails since Adam was a lad. They do not tell me what they are, just 'teasers' for a subscription. OC
"Smart Investor" mag came yday and one guru said to buy a little bit of QF even tho junk status. He said that when a takeover occurs it will go up a lot, and at current price it is worth getting a little with the risks as it shouldnt go down much more.... The only way is up! Baby! For you and me! Shiny
Vern Gowdie - his focus is on the retail 'family' investor. = Banks and Telstra, as well as WOW, WES, BHP = Banks, Telstra, BHP, WOW, WES = Banks and Telstra. BHP, WOW, WES = Banks have outperformed All Ords, Telstra has not (nor has WOW, BHP) This comparative chart is not exact as it is a 5 year chart that dates from Jan 2009 and GFC bottomed Mar 2009, but it gives the idea. The yellowish line beneath the All Ords track is TLS P.S BHP has underperformed ASX since GFC WOW has underperformed ASX since GFC WES has greatly out performed ASX since GFC
Two relatives visited today, they are subscribers to Vern Gowdie. Said the 5th stock is BHP which would make more sense than TLS given he said the 5 stocks have a combined market cap of over $500b. Actually I cant get an addition as high as $500b from the banks plus BHP but it still makes more sense than TLS which is lower than BHP.
Aust Fin Review the other day had an article on what stocks to buy to invest in now (dividend reinvest) that will assist your kids with their deposit for their house in 21 years. They had two scenarios, one was a portfolio that requires circa $37000 upfront, the other was an ongoing investment of $9500 but for how long they didn't say. The second one was directly in shares but from memory in... something else i can't remember. Anyway they had a return of about $230000 - odd with the second option about $40k higher again. I kept it and wished i had $30k lying around.
I prefer the SKI principle to helping kids Spend the Kids Inheritance :lol: Seriously if you want to help your kids to buy a house the best to give them is a sound financial education (which they won't get in school) and a place to live when they start working so they save their own money for a deposit. Just handing them a deposit does not ensure they will be in any position to take on a mortgage and pay it off.
That's exactly what the powers that be want you to do. Fritter away your life savings making sure your kids have to start from scratch all over again thus ensuring the debt-based system perpetuates. Edit to add: it's irresponsible ill considered and helps maintain the welfare state and entitleist mentality.
Giving your kids your life savings will do nothing for them if they have little regard for money and poor financial skills - they will piss it away and still end up with nothing. On the flip side, if you teach them a good work ethic, respect for money and proper financial skills, they can most likely make their own way in the world and their own fortune without needing your financial help.
On the other flip side leaving your kids wealth and teaching them a good work ethic, respect for money and proper financial skills will help ensure they retain the fortune and build it. I don't want my kids and then my grandkids to have to repeatedly start the war against government theft - I'd rather give them a head start.
Wow thanks shiney... saved me some legal fees :lol: Obviously we agree on the importance of the "good work ethic, respect for money and proper financial skills" bit, but passing on your fortune is not always simple What age will you be giving the kids your fortune ? If you give them your fortune when they are 20 so they can build on it, what will you to retire on ? If they have to wait until they are 50 or 60 to inherit it from you it's probably too late to do them much good If you have a family business and expect them to work in it and take it over, what if they want to do something else in life ? If there are multiple kids to pass a fortune on to, there will eventually be spouses involved and potentially arguments and splits in the family Sorry for taking this thread off topic by the way, but it's not the first time that has happened
