The Stock Market, Property and Investment Thread

[Ramps]

Anyone know where I can pick up some cheap finance so I can pick up some quality stocks lol.

South America lol

you can be so helpful sometimes MT. Dont know what Id do without access to your financial advice lol.

[mightytiges]

LOL

Another cut by the US Fed last night. US interests rates (2.25%) are now 5% lower than Australia so you'll need to get a US loan Ramps  . 

[mjs]

If you have lost on the ASX recently be thankful you weren't with Opes Prime (or I hope you weren't) - heard a guy on radio who had a $100k margin loan secured by his $400k share portfolio.

Opes had rights to the $400k and they basically used it to borrow funds - they've gone broke and he's lost the lot 

[mightytiges]

If you have lost on the ASX recently be thankful you weren't with Opes Prime (or I hope you weren't) - heard a guy on radio who had a $100k margin loan secured by his $400k share portfolio.

Opes had rights to the $400k and they basically used it to borrow funds - they've gone broke and he's lost the lot 

Poor guy. That could be his life savings  .

It says something like that on Opes Prime's website:

Mr Lindholm said: “Preliminary investigations indicate that the financiers to the Group hold sufficient collateral securities to cover their positions in full. However, OPSL’s clients are potentially exposed for the difference between the value of the collateral securities they have advanced and the loans provided by OPSL. At this stage, it is too early to estimate the realisable value of OPSL’s assets to meet client claims.”

http://www.opesprime.com/documents/Ferrier-Hodgson-MR-OPES-PRIME-28-3-08.pdf

[Tigermonk]

MONEY MONEY MONEY       
you take the good with the bad not everyone are winners
get on Wesfarmers the only way is up

[mightytiges]

Got to feel for all the small investors who got caught up in Chartwell and lost all their savings. $70m down the gurgler.

http://www.news.com.au/heraldsun/story/0,21985,23580464-2862,00.html

[Francois Jackson]

risky business. i just finished a finance degree and to be honest i dont think i want to start getting into that field just yet.

i think the worst is yet to come

[mightytiges]

risky business. i just finished a finance degree and to be honest i dont think i want to start getting into that field just yet.

i think the worst is yet to come

Cowboys who were over-speculating and promising ridiculous returns hoping the market kept hooning along are going to be burnt.

[Stalin]

http://monetarywatch.com/2016/06/we-just-witnessed-the-greatest-one-day-global-stock-market-loss-in-world-history/