Forum Archive Index - November 2001

["hugh webber" <hugh.webber@clear.net.nz>]

Oh, I don't know re the Family Trust stuff - its all become very trendy
but in fact I've found having my own company is far cheaper, easier 
administratively, more flexible and there aren't any silly time limits in the
event of death etc. I'm with Mary Holm on that one.
Still, Martin Hawes managed to make a good living out of it while the fad
lasted......
Some people believe anything they're told by "experts" instead of investigating
for themselves.
----------
> From: bogusoff Bogusname <investor99@email.com>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Mary Holm
> Date: Monday, 19 November 2001 17:23
> 
> Phaedrus,
> 
> Thanks for this very honest and soul-searching expose from you.  It's a pity 
>that most of your
post was truncated part-way through the word "during".
> 
> It wasn't until I read Second LIFE's post that I saw the rest of what you had 
>written.
> 
> Like you, I regularly read Mary Holm's column and while I agree with a lot of 
>what she says,
every now and then she lets her personal crusades and vendettas cloud her 
judegment.  
> 
> An example which comes to mind is the recent discourse on family trusts.  
>Like many people
(including most MPs) I have made use of this device for various reasons, chief 
among them being
asset protection and avoidance of the 39c/$ tax rate.  Mary Holm intensely 
dislikes people using
family trusts and goes out of her way to say so at every opportunity.
> 
> I thank you also for your refreshing honesty concerning NPX:
> "Nuplex has closed below its trendline, thus closing out a trade I had posted 
>a 
> buy signal on. This was a losing trade."
> 
> Just when we were all thinking you could do no wrong, here is an example 
>which proves otherwise. 
To be fair however, I do remember you stating "40% of the time I get it wrong", 
so I guess those
odds caught up with you again.  As you have said, the last 2 months have been a 
dream run on the
NZSE, and on most bourses around the world.
> 
> Doomsayers such as DF Mainland have been saying it can't last.  I quote from 
>Saturday's Herald: 
"most stocks are at the top of their trading ranges and a retracement is 
overdue".
> 
> I for one have been mentally prepared for a retracement for the last month 
>now, but it hasn't
come.  Maybe when it does, it will be just a minor blip on an upwards path.
> 
> The question on many people's lips is:
> "Should we look to sell out soon and buy in again later?".  Many have sold 
>out already and
helplessly watched the rally continue.  I guess it depends on your trading 
style and your
timeframe.
> 
> Any comments and responses to this question would be appreciated.
> -- 
> 
> _______________________________________________
> 1 cent a minute calls anywhere in the U.S.!
> 
> 
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> 
> 
> 
> 
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