up Trumping Trump

[Des Taff Jenkins]

When I was in the building industry a few years ago now, I dabbled with small amounts of shares, mainly Gold, never made enough to buy a car but enough for some fish and chips. In those days I used to follow the deeds of one of the biggest and smartest investors in America, Warren Buffet, and there he was in the paper yesterday. Apparently he doesn't say anything, but as an astute investor he can read the writing on the wall. He sold, and I had to read this twice, $834 Billion from his share portfolio and put the money in the Bank, he mustbe expecting a big storm over America soon.
Des

[Doc Vernon]

Yes Des
Quite possibly there may be something in the wind, as you know that Stock Markets all over were down a lot over the past Week.

But these things have happened before and they seem to rectify in time. Share holders are at present on edge, but most sitting tight! Me included. Not that i do much , but do have small investments in Shares mostly mine are ETF as those cover quite a few Companies in one Share, so one had a diversity in the share . So i would say invest in say minimum 10 good ETF Shares if you want to. Such as Van Eks , Top ETF and other such good Companies.

Also have a few bob invested in a Crypto site which is very good , and am holding quite a bit of the XRP Coin. Been a bit up and down too, but with it being the now 4th Largest around , and the Sec Case almost due to be would up soon , after some 4 Years, things are looking a lot more promising for the Coin!

Good Luck and Cheers

[Des Taff Jenkins]

Vernon.
I only wish I had kept my small amount of gold shares be worth heaps now. My Granddaughter goes up on the ridge here in Cooma for a walk a couple of times a week looking for the elusive gold nugget

[j.sabourn]

I had a few shares out here with the company I worked for. But on retirement was going to be penalised via the OAP so sold them and bought a few cases of beer.

[Doc Vernon]

Des As i had worked a while in the Gold Mines back home, i had always said that the price of that lovely precious Metal would go sky High, and Boy was i correct!

I do hole some precious Coins but in safe keeping with the Bank.

Als shares with Gold Stocks are at this time good however a bit costly now, i had bought some a while back so reaping a bit of rewards now !

The ETF on Gold Shares are good as well, just look around. (ASX) MNRS are a small example , not doing all that well but may be worth a gamble now ??
Cheers

eg: of the MNRS Share. 1 Share hold 48 Companies the top 10 are shown.

MNRS.JPG

[happy daze john in oz]

Most superannuation companies will be in some form of concern, most of their funds are in stocks.

But there was a big rally today in both Oz and USA markets, smart people who buy on the dip.
Maybe Buffet is one!!

[Les Woodard]

When I turned 65 I cashed in my super and bought shares and even though I could have done better am quiet happy to stay with them as the GFC taught me a valuable lessson. If one thinks of the stock market like a tennis ball. When it goes down it will bounce several times before it settles. The same applies when it rises. I personally think that it has further to fall yet. The only time the value of the share is important is when one is selling. Other than that it is only paper money and has no value. The value is having shares that are good and pay good dividends. I do think it is time I ask my son if he is interested in shares and might be a good time to tell his super fund to convert all his super into shares as they have been to expensive lately. All the hysteria is media crap just like everything else that they do. If it is not negative then it is not news. I am expecting to see an interview with pensioners whingeing about not being able to afford their Tim Tams for morning tea. On another note. How the population has been conned about house prices by having it believe it is an investement. It would be the only investement (if it is a home not a house) that does not generate any income. Every time the value goes up then so does all the rates and insurances. Cut to the chase here. It costs me about the same each year as it did for the total cost of the house I purchased and over all these years how much have I had to fork out to keep it. They are only investments if purchased for such.

[Des Taff Jenkins]

Hi Les.
My son has shares in gold companies in Broken Hill the only thing about them s they where issued back in the 17 hundreds, he worked in a bank there and they where usless, now if he had got some of the Silver shares would have been laughing..
John.
Buffet wont move until all the Sh%$ going on up North is settling, if you hear of him buying, get your super out and follow him. living off the pension I just dream on, but with no complaints.
Des

[j.sabourn]

#7 I worked among others for Mermaid Marine Les ,they were offering shares to their employees at half the going rate. So I bought a few, on retiring they were going into my tax folio , so I sold not making any profit as such. Also I had 2 rental property’s which I was advised to do for tax purposes, bad advice as had to sell also as would have had no aged pension . Made no profit as such as sold for same price as bought. I was still paying tax up until 2 years ago and I was 86 then . Am almost sure the accountants I used were seeing me off , but proving it would be difficult. The last accountant was an Indian lady and when I went to her office she said go away you don’t pay tax anymore. Have gone 2 years now living without the threat of the tax man over my head.
Hope he doesn’t change his mind or will be a real pauper.
The houses I bought in the uk and here in Australia never paid less than 8.5% interest on, the only time I didn’t was when worked for J.I.Jacobs who I changed to and paid 4% interest for 2 years until they like other shipowners went to the wall.
Used to be in the UK you couldn’t borrow money above 30% of your gross income. The banks are at fault plus the people buying houses they can’t afford. Why do away with fiscal laws that prevent the stupidity of people living above their means. Cheers JS

[Des Taff Jenkins]

John
That's where the banks make a lot of money selling the houses from under people who couldn't afford them in the first place, like in Sydney today cheapest house now over $1 million, cheapest rent $700 a week.
Des