Forum Archive Index - November 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

Good one Peter!

 

Generally spoken, those who bought reliable Capital Notes/ Local Body paper and similar instruments some time ago, are in the clover, I believe.

 

And as the US is apparently still bent on reducing interest rates further, then, in the short term there is some growth here!

I have put aside something in that field but as a stock picker also have to be ready to "strike".

 

I am greatly concerned about some of the advice given in often such an easy manner by some financial intermediaries.

 

Timing is essential as far as I am concerned. And if I were to go in investment trusts, I would pick the time and not leave it to them to pick.

.

Peter, you referred to the difficult problems re earnings by US companies.

 

 And that is one area I would be loath to invest in, unless one is a stock picker and can clearly see a good catch, which won't be often.

 

Over the years a lot of capital has been destroyed, much by poor advice, and I am absolutely horrified!

 

No reflection on any present financial councillors. But I am concerned that many still think in black and white while the colour of the present investment status is grey!

 

Gerry