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The Forum > Article Comments > Beware of the Obama hype: what 'change' in America really means > Comments

Beware of the Obama hype: what 'change' in America really means : Comments

By John Pilger, published 17/11/2008

Obama’s first two crucial appointments represent a denial of the wishes of his supporters on the principal issues on which they voted.

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Yabby,

There you go againm.

I wish your comprehension skills were not as poor as you investment stratagies. tehehe
Posted by keith, Wednesday, 26 November 2008 1:28:18 PM
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Ah but Keith, my investment strategies are doing just fine!

I remind you that once again, for the third time in about 4 weeks,
I could again sell my BHP shares for a good profit and run.
If just money and wealth was my aim, I should be a day trader!

You love your sailing, but take a look around you, what some of
the nation's top businessmen, politicians and movie stars do,
once they have made it.

Many are sick of the rat race and suburbia. They go out and buy
themselves a farm, some animals, some machinery (big toys for
older boys really :) ) and get their hands dirty and have fun.

Why on earth should I not enjoy doing exactly those things?
You only need so much money to be happy, unless you have a self
esteem problem and are trying to prove yourself of course. That
is not the case for me.
Posted by Yabby, Wednesday, 26 November 2008 4:24:41 PM
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Ah Keith, just to remind you that BHP hit 31$ today. So much for
your understanding of the share market :)

Careful how you sail now. Your judgement of Obama and racehorses
was clearly flawed, lets hope that you have more success at
sailing.
Posted by Yabby, Friday, 28 November 2008 8:30:56 PM
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Yabby,

Then sell. I always invest with an eye on three things: profit, the future and history.

Are you making 330%? for that was my profit margin on my bet in the Melbourne Cup.

Do you know the contract agreements between BHP and their customers for the next year?
Likewise have you researched the projections for world consumption of BHP products over the next two years.

And once again, you are aware of course, there were spikes during the year long saga in 1929 and even a false recovery before a final implosion.

I hope the price stays up for you... but it is a remote possibility. I have very good reason for that statement. You should really do some research and apply some of your experience.

In response to your last two posts ... both about money ... again, mind you, I can only repeat

There you go again.

'I wish your comprehension skills were not as poor as you investment stratagies.'

I had a wonderful sail in the toy yacht, was tested and prevailed, didn't get my hands dirty, spend no money on pets, or pretending to be something I'm not, suffer from low self-esteem, care one iota about neighbours, the rat race, money, shares or investments.

I did have great fun out on the Ocean being completely in control of all those things I was able in the challenging and changeable environment I passed through.

Now tell me ... did you do the same? I don't expect an answer as you have a history of not answering those sorts of questions ... and that tells me most about you.
Posted by keith, Saturday, 29 November 2008 5:28:28 PM
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*Are you making 330%? for that was my profit margin on my bet in the Melbourne Cup.*

Hehe Keith, the day I would rely on the horses to make a quid,
would be a very sad day indeed :) Your nag only needs to have
a headache or a bad hair day and you have done the lot.
Wise investing indeed !

What my litle BHP thinggy has shown is that fear and greed dominate
the market as never before, so with these kinds of massive fluctuations
in very sound shares, it would still be quite easy
to make a good quid. I could have bought and sold many times by
now, but frankly I can't be bothered. Long term BHP looks
like a healthy investment, for all sorts of reasons, too long
to explain here.

Given half a chance, the Chinese would snap up BHP at these values,
as they are desperate to own resources and have all the money
they want to do it. I guess first they'll now snap up more of Rio,
depending on how much the Govt allows them to buy.

With resources you have to think long term and not short term.
Finding and developing new mines in politically stable countries
is incredibly expensive these days, its far cheaper to buy established
miners.

*Now tell me ... did you do the same?*

I did not go sailing. That does not mean that I did not have
fun in a challenging environment, doing what I enjoy immensely.

If I wanted to go sailing, then I would. It's as easy peasy as that.
Posted by Yabby, Sunday, 30 November 2008 8:05:03 PM
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Yabby,

Provincialism screams from the computer screen. It's astonishing, what with internet, mobile phones, information avalibility and manouvaribility of capital.

It's different from yesteryear. Today we're mobile and global.

You've mismanaged your money.
Take two people. The wise Person B retains a portfolio of wealth in real property, cash and investments such as Managed Trusts and Superanuation. He attempts to pick the bottom of a crashing share market and invests some capital (Hopefully not borrowed)in Blue Chip 'rolled gold' mining/manufacturing shares in Australia.

The unwise, Person A, sells everything possible upto March/April 2008. Person A spies one AUS$ can buy NZ$1.29, when traditionally they trade between $1.08 and $1.12, so she transfers all the capital to NZ$. Soon as Rudd and Swan continue to show they are determined to drive down interest rates and NZ rates are under pressure to rise, the Aus$ falls and are worth NZ$1.12. Person A transfers all Capital to Aus$, returning 16%.

The Aus$ and US $ come close to parity. Person A changes the capital into US $ by buying gold and silver bullion.

The stock market crashes ... as foreseen.

As Australian interest rates fall. The Aus$ only buys US$0.60.

Gold and silver also fluctuates. Gold rebounds above the level of the time of purchase. Silver is down about 10%.All of Person A's wealth in Aus$ increases by nearly 40%. Over the whole period by nearly 60%. Importantly Person A recognises the global economy places it's trust in US $ she's increased her wealth globally by over 16% in 7 months.

Only some of person B's wealth in Aus$ hasincreased by about 40% after a fluctuation, upward, in the value shares. But sadly in global terms and specifically the US/AUS exchanges, Person B's investment has diminished by nearly 40%.
Posted by keith, Monday, 1 December 2008 2:42:53 PM
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