Forum Archive Index - July 2002

["Malcolm Cameron" <malharcameron@hotmail.com>]

Winner 69 & others you only have to chart the exit prices over 10 years or 
so of a lot of unit trusts and over same period it would make bank deposits 
look very good.The fees and commisions take most of the profit over a long 
time frame. Remember it is at least a year of very good returns before you 
even break even in most cases in some it would take you two. My investments 
in trusts are either listed trusts where fees are a lot lower or in the 
managers that get away with charging such high fees.
Malcolm

>From: "winner69 ." <wwinner69@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: [sharechat] Money
>Date: Sun, 28 Jul 2002 04:16:03 +0000
>
>Mr Nua - we could always open up that old debate when is a gain (or a loss) 
>a gain (or a loss). You obviously think only when you sell.
>
>We shouldn't dismiss that question though.
>
>The answer is one of the causes of the current acceleration in the decline 
>of US markets.
>
>Many US investors only got on the stockmarket bandwagon during 1997 and 
>1998. They could do no wrong and became wealthy(ier)
>
>Now the markets are back to the prices back in 1997/98. They have fallen to 
>many investors entry point.
>
>They are now facing real losses - ie real money that they put in the 
>markets for the retirement.
>
>Many see the only way out is to sell now - at least they still have the 
>same amount of money they put in many years ago (even if they are less 
>wealthy)
>
>Intersting theory but capitulation (a nice emotive term dreamed up by CNBC 
>etc) might yet come.
>
>
>
>
>
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