When Bunnings Warehouse Trust, who own about 60 of those Bunnings
buildings, issued a rights issue at 1.50, I've taken up some of
them too, for when you value those buildings, they are worth more
then that per share, pay a 7.5% dividend, indexed to inflation.
For I think there will still be Bunnings stores in 10 years and
you people will still go shopping there. Long term those buildings
will increase in value, not decrease, so I also pick up capital gain.

Now I could be wrong on any of those companies, that is why the
secret is to spread your risks over a number of companies.

So forget short sellers, forget crooks, share prices going up and
down, just focus on the fundamentals. Buy good solid companies
making rising profits, when they are good value, like when everyone
else panics and is selling them lol.

You confuse investment with speculation. I don't speculate, I invest
based on the fundamentals. Just ask Warren Buffett. He's done quite
well, using the same principle

i understand price/earing ratio..[and please dont think im calling you foolish]..your clearly on top of it all...but gabby how much is enough?

yes its great to have more than you need..[but my happyness of having more than i need,..is the comfort of being able to let the income sit in the bank..im not driven to grow my little wealth/comfort into a big one...but many are but to what end?...

how much is too much? at what stage do we say enough...you think this much..but then it deflates..so we need to get ever more...how many die too rich[then by the 3 rd generation they are poor

i know price earning goes by declarations made by possably corrupt accountants..[and projected earnings]..but things can change quickly[and via clever debt instruments,..like debt/equity swaps..[swapping my irrecoverable debt for yours...lol..can make a loss.'look'..like a gain..can make things appear to look better..[but in fact we both now hold an asset..[that allways was a loss]

im simply saying its a dirty game..[we all lost a large one third off our pensions..[despite p/e ratings being at a record high]..or rather the mug punters giving their cash..[compulsory/super]..did..not you of course...

but your not legislated to give cash..because somehow you learned the game..mate its just a thing i dont want to be assosiated with

many of the earnings clearly were delusional...those who make such p/e ratio's know we have faith in their accounting..[they can massivly get things wrong..[like maddof..[who apparently didnt even need to buy stock,..it was a case of trust him...and they did..sadly most arnt on top of it all..like you are..

its for those trusting ignorants..i keep on posting..so that they and them..are allowed to know there isnt any free-lunch..somebody loses to get any gain..

its gambeling and the form guide..[p/e]..ratio is at best a guide..some just might decide to manipulate..[despite oversights we think are true/trustworthy]..

the fact is somewhere there is at the end of the line a consumer paying too much...to a cartel of colluders,..seeking ever more of their pre-taxed pay

UOG, how much is enough? Whatever we decide it to be. In my case
I think I have enough, to do the things I want to do, not the things
I have to do. But I take your point, some people always want more
as an end in itself, I am not one of them. So I ask them what they
really want from life, many cannot answer.

OTOH, I am also well aware that money in the bank over 10 years,
at 4% inflation, means that after 10 years it has lost half its
value. Over 20 years there is not much left, so to preserve what
was there originally and provide an income, is not such a bad idea.

The share market can do that, if one has half a brain.

Life is a dirty game UOG. What if your wife marries you for the
money, or for a passport, then runs off with half your assets?
She can do so with impunity.

So it pays to trust nobody, but to also use sound judgement.

People can be very stupid, acting on their emotions. Madoff was
seemingly a nice guy, so they trusted him with billions. Did they
even check out his auditor? Nope, any that did, would have run a
mile. People invested in MIS in agriculture, where they wanted
a big tax deduction. How many questioned the figures, as the financial
advisors were pocketing their commissions? Where is sound judgement
in all of this?

OTOH, very large public companies like BHP, have analysts crawling
all over their figures and their assets. If anyone would smell
a rat, they would short sell the share immediately! Many people
have access to their books, unlike a private individual like Madoff.

So its a very different game buying blue chips, compared to buying
some speculative mining share or some biotech.

Yes super funds have lost 30% or so in value. But how much did they
gain over the last 20 years?