Forum Archive Index - May 2000

["nick" <acummin@es.co.nz>]

 but that's life. Just as
 for every FEG buyer, there's a seller (who thinks he is smarter than the
 buyer), for someone to profit - someone must also lose. Just don't get
 caught on the wrong side of the ledger, that's all!
 Cheers,
 Simon

          Thats not strictly true, Provided the company is very good there
is no reason why all investors cant be winners.
  Top companies can grow upwards for years, taking investors along for
the ride with many hopping on and off on the way up.
   This idea that for every winner there must be a loser is a common
misconception , sadly the general public in NZ seem to believe it
which is one reason for such low levels o share ownership in this country.
   The public largely see share ownership as gambling and very risky.
         Who can blame them? the only time shares are talked about much
on TV is when there is some kind of crash or bubble situation.
          We recently had a company savings scheme at work where
you could save for three years and at the end of three years have the
savings converted to shares at a very big discount to what they trade at
now.    It was virtually a golden opportunity to probably double up
on money saved.  What happened? Virtually nobody took the offer up
as they saw shares as risky, preferring to leave the money in their bank
accounts.
         Sorry to be waffling on but im  bored, in pain, have blood dripping
 down my face, my nose operation has proved very painful and uncomfortable,
to top it off i now have flu like symptoms  sneezing is absolute agony
and im not allowed to blow my nose. Apart from all that im fine -:)

  nick






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