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Thread ID: 135808	2013-12-14 07:55:00	Just another waste of money	wainuitech (129)	PC World Chat

Post ID	Timestamp	Content	User
1362534	2013-12-15 18:10:00	A historical trend is for National to serve 3 terms, then for Labor to have a term in office. They're on their third lap and don't seem to care about upsetting the voters. If they wanted to get a decent proportion of Kiwis owning these assets they'd wait a year or two between each sale so that the average kiwi has enough time to amass some savings between each sale. Half the reason Meridian (the best one!) didn't sell well was because peoples wallets were empty after buying into Mighty River. They fail to realise that the average Kiwi doesn't have an income like an MP. And no, I haven't bought any of these 'assets'. No money, no asset purchases. Pretty simple forces at work there!	Paul.Cov (425)
1362535	2013-12-15 19:42:00	I suggest cutting the waste (like non-binding referendums) would be a good place to start. :D And that is just the tip of the iceberg.	Cicero (40)
1362536	2013-12-15 20:36:00	I know the age range of those on this site is extensive and the younger ones weren’t around or weren’t interested when we had earlier Asset Sales, so HERE (www.nzherald.co.nz) is a little bit of history. You may need to read it a couple of times to get the drift, but the bottom line was that the Mum & Dad investors lost everything whilst a few Fat Cats were living on cream. Winston Peters to his credit kicked up merry hell about how the Rorts were worked, but the argument became whether they had used a loophole in the law as it stood and couldn’t be prosecuted. As you can see from the article, even the various Courts couldn’t agree. However, the bottom line was the Mum & Dad investors lost the lot and had to fill the Tax Gap that the Fat Cats had created by hiding their money overseas. Although some of the laws have been adjusted, I personally wouldn’t be at all surprised to see history repeat itself. Oh, and if you manage to rob the peasants you become a Sir! ;) Douglas Graham I think was our latest.	B.M. (505)
1362537	2013-12-15 21:16:00	The main problem with these types of sales is that the bulk of "Mum and Dad" investors go into the share purchase with the mis informed belief that their hard earned $100,000 retirement savings will not only be "safe" but will also be returned to them at the end of said period *with* interested earned. How ever nothing could be further from the truth. The only guaranteed investment any person will ever make is to put their hard earned cash in the bank and earn what ever interest the bank is paying on their money over that period. That's as safe and guaranteed as you can get. Its boring as it comes but it's safe. As soon as you move out of the "money in the bank" savings model you start to attach an element of risk to your investment. Of course you have the potential to get better returns on your investment, but there will always be the risk that you could loose some or all of your investment when things go to custard which can and does happen. The further you move away from the "money in the bank" model towards something like buying shares on the share market or managed fund, the chance of a very healthy return increases but so does the risk to your investment. So the bottom line is.. Don't invest what you can't afford to loose. And don't expect to be bailed out by the government when you loose it. That 2 cents worth of investment advise was given to me for free many many years ago by a very wise accountant.	Webdevguy (17166)
1362538	2013-12-15 21:45:00	So the bottom line is.. Don't invest what you can't afford to loose. And don't expect to be bailed out by the government when you loose it. That 2 cents worth of investment advise was given to me for free many many years ago by a very wise accountant. Was a very wise accountant indeed. :thumbs: Did you know that in the last seven years at least 67 Finance Company’s have gone tits up in NZ to the tune of $9 Billion and the Government has hardly raised an eyebrow. :annoyed:	B.M. (505)
1362539	2013-12-15 22:01:00	Was a very wise accountant indeed. :thumbs: Did you know that in the last seven years at least 67 Finance Company’s have gone tits up in NZ to the tune of $9 Billion and the Government has hardly raised an eyebrow. :annoyed: And why should they? If they are a privately funded investment company then they are nothing to do with the government. It might be a different story if it was an investment vehicle set up and guaranteed by the government. As I said before, don't invest it if you can't afford to loose it. NO investment fund is ever guaranteed. Banks are guaranteed and safe.	Webdevguy (17166)
1362540	2013-12-15 22:08:00	Definition of 'Investment Risk' Investment risk is defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment. Definition: Investment risk can be defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment. Description: Stating simply, it is a measure of the level of uncertainty of achieving the returns as per the expectations of the investor. It is the extent of unexpected results to be realized. Risk is an important component in assessment of the prospects of an investment. Most investors while making an investment consider less risk as favorable. The lesser the investment risk, more lucrative is the investment. However, the thumb rule is the higher the risk, the better the return. Also See: Return, Annuity, Insurable Interest, Insurability	Webdevguy (17166)
1362541	2013-12-15 22:45:00	And why should they? If they are a privately funded investment company then they are nothing to do with the government. The reason why the Government should take an intelligent interest is because the managers of these Finance Company’s had a Fiduciary Obligation to their clients. Rather too many of them laundered the money in their personal favour and hid it off shore. If it were the Wild West then it would be expected, but unless we are prepared to wear that title the SFO should be on all the cases. There were heaps of them still taking money at the front counter whilst the Receivers were beating down the back door.	B.M. (505)
1362542	2013-12-15 23:35:00	I dont know why you are all moaning, the referendum wasnt done by the govt, as they ALREADY have the mandate to sell assets...This was a pointless task undertaken by opposition to drum up a frenzy!....	SolMiester (139)
1362543	2013-12-16 00:01:00	The reason why the Government should take an intelligent interest is because the managers of these Finance Company’s had a Fiduciary Obligation to their clients. Rather too many of them laundered the money in their personal favour and hid it off shore. If it were the Wild West then it would be expected, but unless we are prepared to wear that title the SFO should be on all the cases. There were heaps of them still taking money at the front counter whilst the Receivers were beating down the back door. My point was that of all those people who bought into those investments, not one of them was forced to do it. They all did it of their own free will. And apparently all of those people invested money they couldn't afford to loose. Absolutely they may have been sucked in by fancy marketing speak and buzz words, which as we all know on this forum, happen every day on different products. Had they been forced to invest their money by some loan sharks and gang members then I would agree with your argument. What those guys did was kind of similar to pump and dump scenarios that happen on the share market quite regularly. Some of us win from them and the rest loose. There are a lot of seemingly well off types out there (often identified by their flash cars ) that make risky investments in business to the tune of $100,000 + only to loose the lot when the investment goes south and they get badly burnt. But you don't hear them crying to the government wanting to get bailed out. If you are going to invest money in anything - be prepared to loose it. That's why its called a calculated RISK. If you can't afford to loose your retirement savings then keep them in the bank on 6% interest or what ever it is that banks pay.	Webdevguy (17166)
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