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13-07-2011, 10:35 PM | #1 | ||||
FF.Com.Au Hardcore
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Location: Melbourne
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Do many people here have a share portfolio? I have been thinking about buying into the share market for a while, even if is a small investment to start with, but the market is so shaky at the moment, I know the resources is usually a save bet, but the way the world economy is going at the moment I feel almost insane taking the plunge.
I have been reading a bit into the world economy, it's interesting that some people at work will say to me that Australia dictates it's own economic stability, but these people couldn't be further from the truth, with the happenings around the world especially in Europe things are not looking good, what are other peoples thoughts, I had a read of this: Quote:
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13-07-2011, 11:22 PM | #2 | ||||
FF.Com.Au Hardcore
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This is the scary one:
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If not enough new jobs are being created and the US population keeps on increasing how many more people can live off dole payments? China needs America and America needs China, and how does this effect Australia, China buys all the resources of Australia, this process is what keeps Australias econmy steady and stable, which brings me back to the stockmarket does anyone see the resources sector slipping in the near future, or buy into this sector of the market?
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14-07-2011, 10:38 PM | #3 | ||||
FF.Com.Au Hardcore
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The US may loose its AAA credit rating, things are slowly starting to take a turn for the worse.
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14-07-2011, 11:16 PM | #4 | ||
FF.Com.Au Hardcore
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Location: Ipswich, Qld
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I'm actually surprised the US still has a AAA credit rating. If they get the stimulus from the Fed Reserve I would imagine the value of their dollar will decrease again...I can see pre-war Germany money value happening again in the not too distant future...
In saying that, I know sweet FA about world finances, but from the way money is going, you'd be better off getting your money laundered...if you get my drift...or physical gold...
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14-07-2011, 11:36 PM | #5 | ||
Size it up
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No way on earth is now the time I'd be buying in.
I'd say if your planning on investing in shares at this point in time then you've got some big balls. Huge balls. I mean, you must be pushing those things around in a wheelbarrow if they're that big. Personally I don't think the worlds going anywhere stable for a lot of years to come. China's been booming pretty big, but after the boom comes the bust. If China went down we'd be stuffed, but it's an odd situation. The way communist China can screw with their currency and economy is something new and very unknown, unpredictable. |
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15-07-2011, 09:43 AM | #6 | ||
Banned
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Location: new south wales
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Nows the time to be selling not buying , as consumer confidence evaperates with the state of our economy and uncertainty so will the price of the share market , its not rocket science.
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15-07-2011, 05:29 PM | #7 | ||
Black 2006 XR8
Join Date: Dec 2010
Location: SA
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There are some quite good share bargains around at the moment but buying in is highly dependent on your risk profile and investment time frame.
Some bloke called Warren buffet said "it is not timing the market, it is time In the market" Get some good independant advice from someone with all you financial info. |
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15-07-2011, 10:20 PM | #8 | ||||
FF.Com.Au Hardcore
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16-07-2011, 12:01 AM | #9 | ||
Size it up
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Always has been a case of time in the market.
At the moment though a lot of economists see things not taking off again any time soon. There's a fair bit of belief that things will just go sideways for a lot of years yet, much like what happened to Japan. America still really is the big dog. If they went under and stopped buying from China, it's only a theory that China's domestic market could pick up the slack. If they didn't then we'd be in some trouble. Personally I find it hard to see things picking up soon, but there's a very real possibility things could go bad. Big chance of loss for not much, if any gain. That for me makes now not the time to buy. |
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16-07-2011, 09:10 AM | #10 | |||
Banned
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17-07-2011, 04:33 AM | #11 | ||
Regular Member
Join Date: Jan 2010
Posts: 181
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problem with super is that the gumbyment thinks im not smart enough to look after it myself and gives all the power to corporations that can just as easily loose it for my as i can.
but thats not the topic here. i agree shares are not something to be getting into right now. |
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17-07-2011, 06:58 AM | #12 | |||
BA MK2 GT
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Agreed not sure if this would work with economys. But when i ran very low on money and could see the next few weeks and months going further down, i was offered assistance from my father. Which i politlely declined and stated as nice as it would help me out now, i needed to get out of this my self! And the same with credit cards is my rule of thumb (and i know there is a part for credit like having a history a good one goes in your favour) IF YOU DONT HAVE THE MONEY DONT BORROW TO GET IT OR GET OUT OF DEBT! You only have to pay it back and the intrest is adding up to money you allready don't have. So a problem now of debt that could be relativly shortly fixed could now be a debt that WILL taker longer to fix. Surely such big debts the theory is the same the debt is big but the tax is coming from millions of people. Now its just a matter of cutting spending. And lowering costs. Tightening up ship as it were.
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17-07-2011, 07:32 AM | #13 | ||
Black 2006 XR8
Join Date: Dec 2010
Location: SA
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+1 too many people borrowing too much cash to pay for items that depreciate so quickly its not funny.
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17-07-2011, 08:44 AM | #14 | ||
FF.Com.Au Hardcore
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hold off till there is a big bust which there will be , thats the time to buy, when they are panic selling. when things then recover you will make big profits
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18-07-2011, 09:19 AM | #15 | ||
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I have a share portfolio but I sold out of most of my stocks earlier this year (thankfully) I wouldnt be getting into the share market just yet, as others have said there are some issues out there, which could (and I think will) impact negatively on the share market.
Europe's issues are well documented, USA is still struggling despite trying various things to get their economy back on track. Chinas manufacturing growth has slowed. Here in Australia retailers are now stating times are tough and there is talk that interest rates could drop.
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18-07-2011, 11:41 AM | #16 | |||
Regular Member
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There are more millionaries are made out of a bust than a boom |
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19-07-2011, 07:39 PM | #17 | |||
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http://www.youtube.com/watch?v=dcaa0KV2xVg |
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20-07-2011, 07:01 PM | #18 | |||||
FF.Com.Au Hardcore
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Australias economy is in serious trouble, I was reading some figures today, retail spending has dropped, from memory David Jones sales have plumeted 11%, and although Woolworths sales are up 4.1% its consumer electronics division is down 4.1%.
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20-07-2011, 07:25 PM | #19 | ||
GT
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hmmmmm i'm starting to feel pessimistic. with a $750 flood levy , and a carbon dioxide tax coming , petrol prices have gone up 30% in 18 months , my land rates have just gone up 10% pa , plus water electricity and amenities going up around 10% plus in some cases . and groceries going up , along with mobile phones forever going up each time you buy a new contract that is .
combined with the fact that wages !!! in some cases arent going up a brass waaazooo . is leaving me looking for pay rises . the strangest thing is , inflation use to always include wages !!!! now it seems non inclusive . i might add that i'm about to receive a 5% pa increase pa over the next 3 years . in my case i'm not sure it will compensate what i've just lost out on . but others such as my wife , in her non union type work , seems to be going from job to job and struggling to keep the same hourly rate , compared to 15 years ago !!!!!! and i'm ok jack , so not whinging but i have quite a bit tied up in GROWTH SUPER . MY PESSIMISM certainly aint optimistic at the moment , from a stable point of view . i'm worried for my own situation . i dont know how others are going ? but i'm apparantely in a good boat . |
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20-07-2011, 08:09 PM | #20 | ||
broady grown
Join Date: Jan 2006
Posts: 212
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David Jones Paul Zahra backed away from those comments after customers posted that it was DJ not other issues that shifted customers away
plus strong dollar means DJ customers can afford to go O/S and shop in the "fashion capitals" ie paris NY the new store Zara in Aust is having great growth the economy of Aust is extremely strong and until we start getting positive stories in the media and confidence back in the marketplace the perception that we are in the ***** will become self fulfilling and we will have an economy which will contract |
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20-07-2011, 08:15 PM | #21 | ||
Banned
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To put it in perspective when 9/11 happened and everything crashed a few clever people made millions of dollars by buying up cheap stocks big thats how it works it goes down and then back up or you can always invest in items that never lose such as gold i was gonna buy some in 1995 i think it was worth about 800 at the time an ounce now its pushing 1600 or buy oil stocks no matter how poor people are the trucks will keep on rolling.
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20-07-2011, 08:19 PM | #22 | |||
broady grown
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Posts: 212
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very true |
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20-07-2011, 08:24 PM | #23 | ||||
FF.Com.Au Hardcore
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Location: Melbourne
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Biggest problem with wage rises is cost to the business, everyone want's a payrise but they never consider what it costs the company to pay everyone especially with a struggling business, and then with the pay rise, the money has to come from somewhere so products and services that the business provides has to go up so the consumer then pays more, then the consumer (who is not unlike any other worker) want's a payrise because essentials goods & services have gone up, its like an endless loop, and it all starts with greedy unionists, no offense to any union members here but it's the truth and I doubt you would even deny this.
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20-07-2011, 08:28 PM | #24 | |||
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ohhh really . i didnt know electricity prices rising . oil , petrol , phone bills , water , groceries , and land rates all going up over and above inflation all started with greedy unionists . i suppose your not getting any pays rises this year hey . good for you . your trying to do your bit for the economy , whilst all thse things are going up . how about besides being a pric# . do everyone a favour and give yourself an uppercut .no offense intended of course but i doubt many would deny this . Last edited by gtfpv; 20-07-2011 at 08:34 PM. |
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20-07-2011, 08:40 PM | #25 | |||||
FF.Com.Au Hardcore
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Zara is having good growth because it is relatively new, it is also a worldwide renowned which only has one store in Melbourne & Sydney, were not talking about small designer shops that employ a handful of people were talking about the big players here. Quote:
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20-07-2011, 08:54 PM | #26 | ||
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Sometimes i dont consider any ones age or experience when applying to peoples posts so ford man xf . sorry for being a little harsh with words . what seems obvious to me might not be to others and visa versa . was going to apoligise via PM , but thought i'd rather publicize it .
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20-07-2011, 08:55 PM | #27 | ||
Size it up
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I heard Ross Greenwood waffling on this morning, he said that since 2007 Aussie savings have exploded.
Apparently we've gone from spending 101% of what we earn pre GFC to saving on a national average $97 a week. He thinks it's not that people don't have money, simply that they're not spending as they shore up preparing for tough times. |
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20-07-2011, 09:04 PM | #28 | ||||
FF.Com.Au Hardcore
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I wasn't really talking about phone bills or petrol. Union delegation/representative: We believe our members should get a pay rise, I know times are tough at the moment in this industry, I know you look after our members with holiday pay loading, payed overtime, bonuses and what not, but we believe that a pay rise is necessary, I'm not concerned with what shape your company is in and the fact that it employs 25 people, many of whom have families & mortgages. I know it might seem a little ungrateful for our members to be demanding such things even though they have a very good package, but we will keep sucking you dry because your just some fat cat millionaire who owns a company and every worker here is just a number to you. Business owner/representative: You do realize if we pay our workers that much extra we have to find the money somewhere, we will have to charge extra for our products & services, but being a good company and always believing in looking after our workers we are up for negation. Union delegation/representative: That won't matter because all that will need to happen is other companies will have to pay their workers more so they can afford to keep up, I do realize that these exact workers are the ones that make bread, run fruit & veggies, work for the gas & electricity company and like you will have to rise their prices to cover the associated costs of a pay rise for their workers. And because you have not given into our demands were going on strike, reducing productivity of your company and forcing non union members who are happy and grateful for what they have and just want to do their job.
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20-07-2011, 09:07 PM | #29 | ||||
FF.Com.Au Hardcore
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All good, I don't mind you having a go that's what a forum discussion is all about, I expected a little back from my post but the ****** comment was a bit unexpected, altough I am a proud Pricktorian
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20-07-2011, 09:11 PM | #30 | ||||
FF.Com.Au Hardcore
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