----- Original Message -----
Sent: Monday, November 19, 2001 8:37
PM
Subject: Re: Re: [sharechat] nzse40
chart?
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!
DON'T YOU MEAN RED!!!!!
NK
Gerry
See IRG research reports
