Independent Financial Adviser
Join Date: Jan 2008
Location: Hong Kong
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DeVere & Partners
Interesting that DeVere & Partners was mentioned earlier in this thread.
I hear that one of our pilots got so pi
ed off with their calls that he eventually agreed to meet them, but refused to go their office, insisting that they came to him, and when the guy got there, told him to go back to his office and remove his name from their cold call list.
Apparently he's never received a call from them since.
I hear that one of our pilots got so pi
ed off with their calls that he eventually agreed to meet them, but refused to go their office, insisting that they came to him, and when the guy got there, told him to go back to his office and remove his name from their cold call list.Apparently he's never received a call from them since.
In the interests of demonstrating more about investments, I have created a theoretical portfolio of what I consider to be 10 investment-grade Australian stocks.
In each stock I have invested a theoretical AU$10,000 at the closing price of each stock on 31 Jul 2007, for a total investment of AU$100,000.
The stocks I selected are listed on the Aus stock exchange and the codes are ANZ, BBI, BHP, BNB, LEI, NHC, QGC, SUN, WDC and WOR. This choice represents my personal dumb pilot's opinion.
The total value at 31 Jul 2007 is of course AU$100,000. I will give updates from time to time on how this investment goes in terms of value and dividends returned.
You can build a copy of this theoretical portfolio on one of the many free internet trading sites, and follow its' progress, or you can try and beat this mix with your own personal selections!
Even better, you might even select some stocks yourself and invest some of your real money and really ride the train! Go on, you can do it!
In each stock I have invested a theoretical AU$10,000 at the closing price of each stock on 31 Jul 2007, for a total investment of AU$100,000.
The stocks I selected are listed on the Aus stock exchange and the codes are ANZ, BBI, BHP, BNB, LEI, NHC, QGC, SUN, WDC and WOR. This choice represents my personal dumb pilot's opinion.
The total value at 31 Jul 2007 is of course AU$100,000. I will give updates from time to time on how this investment goes in terms of value and dividends returned.
You can build a copy of this theoretical portfolio on one of the many free internet trading sites, and follow its' progress, or you can try and beat this mix with your own personal selections!
Even better, you might even select some stocks yourself and invest some of your real money and really ride the train! Go on, you can do it!
Overall, on our initial capital investment of $100,000 we lost $2505 (2.5%) for a total share value of $97,495 as at market close 31 Jul 2008. The good news is that we made $3741.11 in dividends for an overall gain of about 1.2%.
Code Purchase Price Units Market Value Profit / Loss % Change
ANZ 28.300 353 5,736.250 -4,253.650 -42.580
BBI 1.685 5,935 5,341.500 -4,658.980 -46.590
BHP 37.000 270 10,721.700 731.700 7.320
BNB 28.190 355 2,328.800 -7,678.650 -76.730
LEI 39.200 255 10,837.500 841.500 8.420
NHC 2.130 4,696 22,024.240 12,021.760 120.190
QGC 3.000 3,334 15,669.800 5,667.800 56.670
SUN 19.400 516 6,904.080 -3,106.320 -31.030
WDC 19.050 525 8,494.500 -1,506.750 -15.070
WOR 33.900 295 9,437.050 -563.450 -5.630
__________________________________________________________
Total 97,495.420 -2,505.040 -2.505
So in essence after a full year in the stock market we made an overall profit of capital loss plus dividends equal to a whole 1.2%. Whacky doo! Actually as we are not going to sell, we made a profit of 3.7% and an unrealized loss of 2.5%.
I suppose on the other hand, considering some of the severe investor losses out there who were involved with the "professional" advisors and also minus their advisors' fee plus a cut of the total invested, we really have done very well to hold our heads above water (just!).
What do we do now? Cash out, realign our portfolio or just maintain what we have and plough on? To assess the resilience of our philosophy of long-term investing, we will select the latter. That is, we will sit and watch for another year!
This is precisely the time when most inexperienced or timid investors will cut and run. However, this market weakness has created the opportunity for the wise and long-term investor to seek opportunities!
I will keep us all posted!
Join Date: Mar 2008
Location: Santo Domingo
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Has anybody heard of Abbey Financial Solutions?
www.abbeyfinancialsolutions.com
www.abbeyfinancialsolutions.com
Has anybody heard of Abbey
1. They talk you into giving them control of your money.
2. They gamble with your money in their favourite product.
3. They make a gain for you and they take an Adviser fee plus a cut of the total amount you have invested, plus a trailing commission from the product manager.
4. Or, they make a loss and they take an Adviser fee plus a cut of the total amount you have invested, plus a trailing commission from the product manager.
It's all quite simple really:
1. You take all the risk and risk losing all your money.
2. They can't lose as they get paid regardless of whether or not they win for you or lose all your your money.
...from another thread, a request for update:
Yes...it the portfolio has a market price of $64,046.030 at close of trade Friday, 10 October 2008! But, we will NOT sell. In say, two(?) years time we will laugh about this major event in economic history.
If there is any solace, one might be forgiven for thinking that it couldn't possibly go down any further. But...no one knows the future.
What we do know is that mankind will continue to need food, fuel, energy, resources and manufactured goods, which will all be provided by the companies that comprise the stock market. So the world of the stock market will not come to an end. The market WILL recover. But no one can tell us precisely when.
The current market conditions have been caused by fear and panic brought on by a complete lack of confidence in the market system. As that confidence is slowly regenerated, market prices will slowly rebound to more closely represent the value of stocks.
What has been created is an unbelievable opportunity to buy very high value stocks at unbelievably low prices. This is an opportunity that only happens once a lifetime for the astute investor.
Flex,
Could we get an update on your sample investment portfolio?
Could we get an update on your sample investment portfolio?
If there is any solace, one might be forgiven for thinking that it couldn't possibly go down any further. But...no one knows the future.
What we do know is that mankind will continue to need food, fuel, energy, resources and manufactured goods, which will all be provided by the companies that comprise the stock market. So the world of the stock market will not come to an end. The market WILL recover. But no one can tell us precisely when.
The current market conditions have been caused by fear and panic brought on by a complete lack of confidence in the market system. As that confidence is slowly regenerated, market prices will slowly rebound to more closely represent the value of stocks.
What has been created is an unbelievable opportunity to buy very high value stocks at unbelievably low prices. This is an opportunity that only happens once a lifetime for the astute investor.
Here's my advice on how to turn $10,000 into a million. Invest it at an interest rate of 5%. Then collect it 95 years later. It will be a million!
Does that qualify me as a fianancial consultant?
Does that qualify me as a fianancial consultant?
Join Date: Feb 2005
Location: Asia
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Anyone heard of Gladstone Morgan
They will tell you it's a investors market right now - don't need to be a consulant to know that.
Then ask them to show you how much money they made their clients the last year, with some clients as reference, they could not provide anything credible, I talked to a Dinno person, claim to be the main man at Gladstone Morgan.
Follow the advice here, we all burned our finger before with the fees etc.
1. Buy shares directly and hold the title directly yourself (ie, not through some investment fund or whatever).
2. Only buy investment grade blue chip shares.
3. Never lend your shares or title to your shares to anyone.
4. Never borrow to buy shares.
2. Only buy investment grade blue chip shares.
3. Never lend your shares or title to your shares to anyone.
4. Never borrow to buy shares.
Join Date: Oct 1999
Location: The Fragrant Harbour
Age: 49
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Hi how about an update of your portfolio, where to from here? To me it seems at a cross road, i have significant csh sitting doing nothing but am fearfull the market has over rebounded, any ideas?
Join Date: Sep 2006
Location: Hong Kong
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How does one make "significant amount of cash" and then requests for financial advice on PPRUNE out of all places????? Why not spend some of that cash and hire a professional financial advisor, or are you too frugal to do that???