Australian Politics Forum - The real rules to investing

Sprintcyclist Gold Member Offline OzPolitic Posts: 40769 Gender:	The real rules to investing Sep 19^th, 2014 at 8:04am I've studied investing for decades. I've studied businesses and finances for generations. Here are the real rules I see to investing. One's I have read in many books, one that is 93 years old. 1/ Never give your money to someone else to invest.
Back to top	Modern Classic Right Wing IP Logged

Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: The real rules to investing Reply #1 - Sep 19^th, 2014 at 8:51am Sprintcyclist wrote on Sep 19^th, 2014 at 8:04am: 1/ Never give your money to someone else to invest. The Ochlocratic Government steals it to redistribute to the downtrodden anyway
Back to top	IP Logged

ImSpartacus2 Gold Member Offline Australian Politics Posts: 6913	Re: The real rules to investing Reply #2 - Sep 19^th, 2014 at 9:11am I agree with you entirely Sprint, It certainly has been the secret to my success
Back to top	IP Logged

Jasin

Gold Member

Online

Posts: 49456
Gender: male

Re: The real rules to investing
Reply #3 - Sep 19^th, 2014 at 9:22am

Sprintcyclist wrote on Sep 19^th, 2014 at 8:04am:

I've studied investing for decades.
I've studied businesses and finances for generations.

Here are the real rules I see to investing.
One's I have read in many books, one that is 93 years old

1/ Never give your money to someone else to invest.

Sounds like 'common sense' to me: don't give my money to someone else to spend.
I know from some Lottery Winners, that they get bombarded by people who want to invest their money.
They feed upon the 'greed' that the person is (sometimes instantly) addicted to making/needing to make MORE money!! So many Lottery Winners, especially during the 80's & 90's - blew it all away.

Saying that, there have been a number of 'Finance Advisers' who say that the 'average' Australian (est: $70.000 a year earnings Shocked

) can't/shouldn't rely upon SAVINGS to get ahead and must INVEST if they want to get 'ahead'. Savings is a long forgotten hope.

Back to top

AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

IP Logged

Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: The real rules to investing Reply #4 - Sep 19^th, 2014 at 9:22am ImSpartacus2 wrote on Sep 19^th, 2014 at 9:11am: I agree with you entirely Sprint, It certainly has been the secret to my success Capitalist....
Back to top	IP Logged

ImSpartacus2 Gold Member Offline Australian Politics Posts: 6913	Re: The real rules to investing Reply #5 - Sep 19^th, 2014 at 10:05am Swagman wrote on Sep 19^th, 2014 at 9:22am: ImSpartacus2 wrote on Sep 19^th, 2014 at 9:11am: I agree with you entirely Sprint, It certainly has been the secret to my success Capitalist.... Now you really have insulted me Swag
Back to top	IP Logged

Sprintcyclist Gold Member Offline OzPolitic Posts: 40769 Gender:	Re: The real rules to investing Reply #6 - Sep 19^th, 2014 at 10:08am ImSpartacus2 wrote on Sep 19^th, 2014 at 9:11am: I agree with you entirely Sprint, It certainly has been the secret to my success Well done Spartacus. Investing is hard work.
Back to top	Modern Classic Right Wing IP Logged

Sprintcyclist

Gold Member

Offline

OzPolitic

Posts: 40769
Gender: male

Re: The real rules to investing
Reply #7 - Sep 19^th, 2014 at 10:15am

2/ If you get a windfall during your life.
Put it in a term deposit of 2 for at least 6 months.
Keep living your life as it is/was.
After 6 months/2 years that money will emotionally be yours.
You will be used to looking at a statement saying "XYZ, we have your funds of $2,300,000 ready for reinvestment."

Sure, spend up to 5% of it for fun.

Back to top

Modern Classic Right Wing

IP Logged

ImSpartacus2

Gold Member

Offline

Australian Politics

Posts: 6913

Re: The real rules to investing
Reply #8 - Sep 19^th, 2014 at 10:49am

Sprintcyclist wrote on Sep 19^th, 2014 at 10:08am:

ImSpartacus2 wrote on Sep 19^th, 2014 at 9:11am:

I agree with you entirely Sprint, It certainly has been the secret to my success

Well done Spartacus. Investing is hard work.

Oh yeah, I don't know how I face the day every morning and wonder how on earth I'm going to be able to do this for another 30 years.

Back to top

IP Logged

buzzanddidj Gold Member Offline Australian Politics Posts: 14213 Eganstown, via Daylesford, VIC Gender:	Re: The real rules to investing Reply #9 - Sep 19^th, 2014 at 10:56am Sprintcyclist wrote on Sep 19^th, 2014 at 8:04am: I've studied businesses and finances for generations. How many generations have you LIVED ? Are we talking past incarnations ?
Back to top	'I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ.' - Mohandas Karamchand Gandhi IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30096
Gender: male

Re: The real rules to investing
Reply #10 - Sep 19^th, 2014 at 11:21am

Sprintcyclist wrote on Sep 19^th, 2014 at 8:04am:

I've studied investing for decades.
I've studied businesses and finances for generations.

Here are the real rules I see to investing.
One's I have read in many books, one that is 93 years old.

1/ Never give your money to someone else to invest.

2/ beware of financial advisors who don't guarantee their advice Wink

Back to top

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

IP Logged

Sprintcyclist Gold Member Offline OzPolitic Posts: 40769 Gender:	Re: The real rules to investing Reply #11 - Sep 19^th, 2014 at 12:48pm 3/ Sell the losers and buy the winners. the list is looking a bit defensive so far .......
Back to top	Modern Classic Right Wing IP Logged

The_Barnacle Gold Member Offline Australian Politics Posts: 6205 Melbourne Gender:	Re: The real rules to investing Reply #12 - Sep 20^th, 2014 at 12:55pm Any investment that looks too good to be true........probably is. Which is another way of saying that increased returns are a result of increased risk
Back to top	The Right Wing only believe in free speech when they agree with what is being said. IP Logged

Grappler Deep State Feller

Gold Member

Offline

Australian Politics

Posts: 85213
Always was always will be HOME
Gender: male

Re: The real rules to investing
Reply #13 - Sep 21^st, 2014 at 2:04am

Compulsory super... my work pays super for me, and I'm over 65 now, but I still pay a heap more than management costs for insurance in case I cant work again - which only covers me to age 65..

Work that one out.. I will come Monday (Jimmy Buffet).. I'm paying through the nose for an insurance I can never claim.

That's what happens when someone else invests your money for you.

Back to top

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

IP Logged

BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: The real rules to investing Reply #14 - Sep 21^st, 2014 at 9:26am Swagman wrote on Sep 19^th, 2014 at 8:51am: Sprintcyclist wrote on Sep 19^th, 2014 at 8:04am: 1/ Never give your money to someone else to invest. The Ochlocratic Government steals it to redistribute to the downtrodden anyway 1)Where do roads come from? 2)wHAT IS AN ECONOMY??
Back to top	Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) IP Logged