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Investment Advice Request |
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 52011 |
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Posted: 16 Jan 2019 at 2:46pm |
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No, we're not, I seem to have thoroughly convinced my OH that everything is a scam My brother has just rung having taken an interest in the Share market for 2 yrs & taken the plunge a few days ago with $4800 (some borrowed!) worth of shares via, as I understand, a broker. The details I've taken down but not looked up yet: $19.45 per share paid, now at $24 Acreage Holdings in Japan Medicinal Marijuna product. Registered in Canada - offshore so no tax 'till cashed in. Announcing something in Geneva in 3 days I think he said; have bought land in the NT with Oz Govt to grant licence in about 6wks. Geotek Capital I think might be the brokers - not too cluey tbh Have an ex Google CEO on board & other high end businessmen. Expected to be the next Microsoft etc. in terms of growth/eventual size. He's been told with what he's put in, expect to be self funded & retired in 3yrs. Too good to be true? Sounds that way to me but if any of you are interested, he gets a commission for referrals so let me know & I'll give you his 'phone number Can a few of us make a quick fortune? Only time will tell |
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Wisdom has been chasing me but I've always outrun it!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Can I refer rusty and Whale ... without actually giving them any of my money that is ... and I don't want a commission, the satisfaction of seeing them both retired and self-funded in 3 years time, along with their expressions of gratitude, would be more than enough!
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 52011 |
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I've had a quick google & surprisingly, they both do look 100% ridgy didge https://www.cnbc.com/2018/12/20/acreage-holdings-ceo-states-act-could-be-passed-as-soon-as-2019.html Bit Defender didn't like this one Edited by Gay3 - 16 Jan 2019 at 4:12pm |
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Wisdom has been chasing me but I've always outrun it!
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11400 |
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We’ve got a US based business, listed in Canada,spruiked by a Japanese broker that will to pay commission for any new referrals.
And they are promising returns beyond your dreams. What could possibly go wrong..... |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Neo Neo when recommended by Dr E $135 Neo now $7.50 Thanks Doc but I will pass on that advice
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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NEO
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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It is possible but extremely rare to make big returns. I bought 2000 CSL at the float , investment about $4000, now worth over $1 million.
Also don't listen to brokers, I was advised to sell them a year later which I did for $6000
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 52011 |
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Wisdom has been chasing me but I've always outrun it!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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That reminds me, I still haven't received my referral fee ...
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Second Chance
Champion Joined: 02 Dec 2007 Status: Online Points: 45805 |
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Well little surprise there. But more to the point we've recently converted the majority of our shares (worth about $125k at the time) to cash and gold because we can see a mini-2008 looming. IMO just be speculatively careful.
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PhillipC
Champion Joined: 03 Jan 2014 Location: Warragul Status: Offline Points: 685 |
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I too got a similar error when looking up geotekcapital, so I would be wary, however...........
I would think medicinal marijuana IS going to take off due to it being legalised in many more countries and this could be something worth getting into at the grass roots level. My suggestion would be to seek advice from someone qualified as to the legitimacy of the proposal. I do have a really good financial adviser who I can give you his details if you wish. I haven't spoken to him about shares though.
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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That seems like sound advice from a shrewd investor!
... and a good move if Labor wins the next election and changes dividend imputation rules ... it just happens to be what the Financial Planners are telling the big end of town to do! ... and as they are also getting out of property, where will the economy go from there? ... oh well, everyone gold in a recession! |
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Good one Phil Seriously though, we are lagging in this area ... but what about the CO2 emissions??? ... surely the ALP/Greens will be conflicted - they have to stop agriculture in Australia as we know it to meet their 50% reduction in emissions, but they do love the Wacky Tobacky ... |
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31445 |
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Tragic. That beats all my hard luck stories. Did you buy on the broker's advice or on your own research? If you did not buy on the broker's advice why did you sell on his/her advice?
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An honest politician is one who when he is bought will stay bought.
Simon Cameron |
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Gay3
Moderator Group Joined: 19 Feb 2007 Location: Miners Rest Status: Offline Points: 52011 |
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I suspect in my brothers' case, the broker is the problem so will now google their share price, purely out of interest.
Thanks Phillip but we won't be investing regardless & brother already has the funds tied up. The broker did tell him that as his $$ was in an independent finance company (my translation) they'd be safe, it's in Singapore & I didn't catch the name. This really stinks the more I think about it Whale, that was incredibly poor advice & decision to take it, may would've committed hari kari |
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Wisdom has been chasing me but I've always outrun it!
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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No I bought when they were floated hoping I could make a profit, not really investigating the company. The incredibly stupid thing is that the investment was only $4000 , even if I had lost it all it would be no tragedy. Should have just kept them and forgot about them for years. The broker said he did not trust blood products, potential for being sued I did the same thing with another shar, bought 15,000 at 15 cents after seeing an interview on 7.30 Report. They went up to about 30 cents, then retreated back to 15 cents, I sold them all. How dumb, another small investmentof $2250, no need to panic. Anyway I forgot about them, looked at them again about 2 years ago, they were $6.00, then a takeover bid, final price was about $7.10. That one only cost me $100,000
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Best tip is not to listen to brokers, advisors, planners in any way remotely connected to the finance industry. 95% are incompetent, crooked, lying, advising you to their mates and to the best commissions for them, they are lower than a snake's belly.
This includes financial planners ,advisors, superannuation ,retirement planners ,advisors, property advisors, planners, mortgage brokers, bankers etc et Facts are facts, they are mainly self interested slime bags
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Mr Prospector
Champion Joined: 08 Dec 2008 Status: Offline Points: 2025 |
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I had a look at Acreage Holdings and they have been listed for a few weeks only in Canada by the looks of it . That means they have never made any money and probably never will , so I would rekon they are Highly Highly speculative .
Can't find the other company and get the same blocked message . That must hurt Whale , I just read an analysts report saying that CSL could be value at $200 a share and may well be the biggest company on the ASX in 10 years time .
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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These figures are based on $100 a share, it is double that now. October 2016
Popular demutualisations and privatisations:
Source: Bell Direct (performance figures exclude dividends). Current price at 21/09/2016. Best performers for members/shareholders One of the top performers for shareholders has been CSL, a company with a 100-year history. Initially called The Commonwealth Serum Laboratories, it was established in 1916. It originally floated at $2.30 per share in 1994 but given all the share buybacks the company has embarked on, the adjusted entry price is equivalent to around 76 cents. An initial $10,000 investment in CSL would now be worth over $1.3 million with more than $140,000 dividends paid in that time. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Yep, from the guy who's only financial investments that ever work out well for him is when they are a late scratching! That must rate as your stupidest most ill-informed rants of all time!
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 37209 |
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Just came across this thread. Some real rotten luck going on !
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Refer ALP Election Promises
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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I forgot some of the biggest scoundrels, REAL ESTATE AGENTS
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Well real estate agents are just salespeople - blame yourself if you duped by one of them.
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11400 |
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That’s a bit rich coming from a guy,who dismisses forecasts from the Australian Treasury,and instead prefers the musing of that great spruiker Bushy Martin,or that other guy without an office( you know the part time personal coach) People in glass houses....... Tell us again about your investments in crypto currencies |
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Redemption
Champion Joined: 09 Apr 2017 Location: Melbourne Status: Offline Points: 5387 |
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With Whale on this one. Real Estate agents are scumbags, and its very near a fair generalisation.
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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I'm not arguing, but they shouldn't be compared with people who have serious professional qualifications.
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Oh dear ... you do realise that nobody cares what you think you know ...
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In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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you have to be a particular breed of self interested, avaricious, no conscience scum, steering people into financial commitments with no regard for their well being but only concern for your own profit
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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He steered me into NEO $180 to $7
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11400 |
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Haha, how hilarious was that.
Giving us multiple updates on what actions he had to complete to get in. Even told us that his Mrs had ok’d the investment. Then silence ever since........ |
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