Well, if all that can be expected is 3-5% then it rather shows it's a foolish investment.

Yabby, you claim to be a business man/person do you not?

A safer and higher return can be had elsewhere, even in a cash management fund.

If that is all the return Joyce and his predecessor can muster, they hardly deserve to be paid, never mind paid a lot of money.

Was it govt spin Yabby, to say 'the market will prevail'?

I think not.

The market is prevailing, and it shows QANTAS to be a dead loss, run by a dead loss, with a dead loss board and probably not worth bothering with.

Are you suggesting some sort of socialist plot to keep the employees in jobs?

Not like you.

They can work for the next 'entrepreneur' on the block, surely?

*Well, if all that can be expected is 3-5% then it rather shows it's a foolish investment.*

Not really TBC, for you won't get much more from the majority of
returns from companies. But companies do rise in value, along with
inflation. In that sense you can preserve the real value of your
savings, which is the major concern for most people.

Get 5% from your cash management fund, inflation takes 3-4%,
you pay the marginal rate of tax on the full 5%, you are in
real terms going backwards. Over 20 Years, you could have lost
a good deal of your savings.

*Was it govt spin Yabby, to say 'the market will prevail'?*

Is that what they wrote on the front page of the prospectus, TBC,
or lots of glossy pictures of Qantas planes and warm, smiling caring
staff and customers? Come on, they pushed every emotional button
to extract more money from the public.

*Are you suggesting some sort of socialist plot to keep the employees in jobs?*

The Fair Work Act was hardly written for the benefit of employers.
Fact is that the unions presently run the Govt and Sheldon, head
of the TWU, who held Qantas to ransom, could well soon be the leader
of the ALP. That is the reality of it.

I wonder Yabby that anyone bothers to invest at all in anything with the picture you paint.

So, where does all the profit come from that keep the grey gypos on the road consuming petrol and tyres from age 55 to death?

Or all those European trips the silver haired oldies take every year?

Really Yabby, I simply do not believe the disaster-like picture you paint.

*So, where does all the profit come from that keep the grey gypos on the road consuming petrol and tyres from age 55 to death?*

TBC, there are plenty of Australians who spend far less then they
earn. Plumbers, electricians, acccountants, teachers, who have
lived modestly for 45 years. I met another couple just yesterday
who were planning another cruise, as they so loved the last one.

They did mention that when they bought their house, they paid
just over 2000$ for it. Many are selling their expensive homes
in the cities, moving to cheaper areas, all profits tax free.
Along with their savings, their super etc, they can live pretty well.

Well there you go, buy property and forget QANTAS.

*Well there you go, buy property and forget QANTAS.*

Given that our property is now some of the most expensive in
the world, that might not be such a good idea either, for
its bound to crash one day.

Just remember what you learned as a kid. Like don't put all your
eggs in one basket. If if sounds too good to be true, it probably
is, etc.

In the longer term, people who have squirreled away a few bucks and
bought BHP, Woodside, Woolies, Wesfarmers, the banks, etc. have done ok. Nothing
magical, but steady as she goes. Thats much better then the
20 billion that Australians blow on the pokies etc, only then to
complain they got a real deal and would now prefer to bleed the
taxpayer.

Airlines will always be a high risk investment, I certainly would
not touch them. But I do feel some empathy for the mums and dads
who got shafted by the system, as our unions clearly think that
Qantas only exists for the benefit of its employees.