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I think in general Australia has its whole migration system ass backwards. Most of the migrants coming to Australia come to eventually get a job and work here. Meanwhile we make it unnecessarily difficult for business people and investors to come and live/invest here. If you look at what...

Meanwhile in Australia while we are letting backpackers in by the tens of thousands to take the jobs of young locals we have many cashed up tourists from non OECD countries being denied tourist visas to Australia (I have seen/heard of many cases first hand), as well as businessmen looking to...

Besides mmm....shiney! you are putting the cart before the horse. If the government first cut business taxes and red tape, etc that created a business/job boom then perhaps we would be at the point that we would have enough supply of jobs that we could start allowing large numbers of foreigners...

mmm....shiney I am not saying that wealth is generated by spending (although in the case that money is brought in from outside the country and spent in Australia that is importing wealth into our country) but my point is that we don't live in a free market world. Just for example because you...

mmm.......shiney if that's your view how about we give 2 million poor people a year come from China and India work visas so they can come to Australia and work in every Domino's, 7/11, restaurant and coffee shop for $10 AUD cash per hour. Does that benefit all? Of course I am using reductio ad...

Mmmm...shiney! Most regional areas/towns have high levels of unemployment and there are plenty of able bodied young people that would work those farming/seasonal jobs. Having spoken to a number of backpackers over the years because of the system whereby backpackers can extend their work and...

Also Ivp6Ready what you are saying is only partially true. Yes people that want to work will eventually get a job but it could take a long time. Its quite normal that due to the level of competition for jobs it could take a young local 3-6 months of earnest job searching for a young unskilled...

Big A.D. what you are saying about backpackers is true but it misses the point. Let's say for example a regular tourist comes for one month to Australia with $6000 AUD to spend. A typical backpacker for example might come with for example $6000 AUD to spend to tide them over until they find a...

I promise you guys for every cafe owner etc that hired a backpacker after advertising the job on their shop window or on gumtree etc that plenty of locals applied for that job (its not a case of lazy locals not applying a job) but for whatever reason they hired the backpacker. I have met and...

I see in Australia (especially cities like Sydney and Melbourne) that many types of small businesses like coffee shops, restaurants, traffic control companies, construction companies, bars, pubs, charity fundraising companies, telemarketing companies, farms, etc are employing vast numbers of...

Paranoia buying product in bulk is a very obvious thing that most smart people already do to some extent. However you must consider, many people have a limited amount of storage space and also many things are perishable. Also a lot of people like variety and do not buy exactly the same things...

Roswell you actually misunderstood how these type of companies operate. Firstly when they buy defaulted debt from banks, etc they are not writing a loan. They are merely purchasing the defaulted loan from the bank. Secondly it is not 10-1 leverage. They buy the defaulted debt at a large discount...

I did not even know there was a Queensland mint! :-)

In my mind I say avoid all of the Australian cannabis stocks for the next two to three years. Many of them will likely go bankrupt eventually. Better to wait until a few actually start generating a track record of sales and profits so you can sort out the wheat from the chaff. Its like investing...

In my opinion stay away from resource stocks (including gold stocks). If you are not a geologist or mining engineer, etc you will not understand the enough about ore grades and the accuracy thereof, estimated deposit sizes, estimated cost of mining/production, projected exploration costs, etc...

G.P. what about existing trade feedback? Will that be ported?

Mmm.. shiney when researching the management team and board of directors of a company you should look at their track records. For example when McGrath real estate floated the chief operating officer was and still is Geoff Lucas. In 2008 Geoff Lucas was CEO of asx listed Credit Corp Group (CCP)...

My advice is to avoid resources (mining and energy) stocks and to avoid loss making companies. Also stay away from floats. Read and learn as much as you can and never buy anything just because someone else tipped it. Always do your own research.

Anybody else here apart from me and Finicky still following the stock?

I think the most recent anouncement of Credit Corp (CCP) purchasing NCML from Thorn Group will result in a profit upgrade at the November AGM. Here is why: 1)The earnings guidance was not updated to take into account the earnings of NCML 2) NCML has lower productivity than Credit Corp and hence...