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| Thread ID: 82234 | 2007-08-20 07:14:00 | Have you or your family lost money in the recent finance companies collapses? | robbyp (2751) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 583097 | 2007-08-22 04:08:00 | I must admit that if I had another $1,000 or so that I could afford to invest I would probably put it onto my existing investment since a lot of things seemed to have bottomed out and have started to rise again. | winmacguy (3367) | ||
| 583098 | 2007-08-23 07:57:00 | No but this is related. Govt makes retirement age to 65 therefore finance insurance companies push the date back to 65 til you can get money back. When we needed the money earlier it was a life insurance savings combo, I know they are crap but like most pple, they didn't know much other than relying on the so called independent financial advisers advice. Anyway, they could take some money out but it meant they lost most of the money as it was not matured, they got back less money than they paid to the finance company. |
Nomad (952) | ||
| 583099 | 2007-08-23 07:59:00 | Higher potential returns have always meant higher potential risk. No thanks, I prefer to sleep at night. I've seen far too many crashes over the years. As long as the main banks don't fall over we are OK. AFAIK BNZ has been bailed out 2x by the govt as it would been a joke internationally if the Bank of New Zealand were belly up. |
Nomad (952) | ||
| 583100 | 2007-08-23 08:02:00 | Never invest in a company using a retired celebrity or sportsman/woman fronting their ads. What would they know? Like Colin Meads :confused: Or like that former TV1 news presenter Richard Long. |
Nomad (952) | ||
| 583101 | 2007-08-23 11:57:00 | Like Colin Meads :confused: Or like that former TV1 news presenter Richard Long. Richard Long fronted Hanover, although I don't think he does it anymore. I think they are one of the better and safer ones, as they are NZs biggest finance company and were recommended on ASB business as a good finance company. |
robbyp (2751) | ||
| 583102 | 2007-08-24 02:06:00 | Or just invest in an innovative company like Rakon and then hold on to your shares for about 5-10 years. | winmacguy (3367) | ||
| 583103 | 2007-08-24 04:03:00 | Or just invest in an innovative company like Rakon and then hold on to your shares for about 5-10 years. It isn't just Finance comapnies that your NZ Mum and Dad investor are going to get burnt on. There is a company that advertises on NewstalkZB selling apartments and houses for just a $1000 down. But if you do searches on the interent about the company, there are some clear warnings about them and how people have lost a lot of money. |
rogerp (6864) | ||
| 583104 | 2007-08-24 04:11:00 | It isn't just Finance comapnies that your NZ Mum and Dad investor are going to get burnt on. There is a company that advertises on NewstalkZB selling apartments and houses for just a $1000 down. But if you do searches on the interent about the company, there are some clear warnings about them and how people have lost a lot of money. Never invest more money than you can afford to lose. |
winmacguy (3367) | ||
| 583105 | 2007-08-24 04:30:00 | At least with rakon you know you helping save the world. When their crystals in the gps on the guided bomb take out moslem terrorists. tedheath |
tedheath (537) | ||
| 583106 | 2007-08-24 04:47:00 | At least with rakon you know you helping save the world. When their crystals in the gps on the guided bomb take out moslem terrorists. tedheath And in the process you should be getting a very hefty return on your investment. It is also possible that their GPS chips could end up in billions of cell phones around the world. Rakon is just 1 of a number of companies that I would consider investing in. |
winmacguy (3367) | ||
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