Global financial meltdown

> 10 years ago
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Wet Willy
Wet Willy
TAS
2317 posts
TAS, 2317 posts
12 Oct 2008 3:55am
Yeah, not much wind today so guess what the major topic of conversation was at the windsurfing club here in Singapore, what with the asian markets plunging to the very depths of hell?

Doom and gloom...told you so...
...wait, buy soon, buy next year...

Depends which table you sit at, cos not everybody cares...easy come, easy go, is all I have to say on the matter. Hope the price of carbon goes down...I'm holding a lot, but I wanna buy more!!
Gestalt
Gestalt
QLD
14953 posts
QLD, 14953 posts
12 Oct 2008 8:41am
willy,

can you see the paradox here?
Richiefish
Richiefish
QLD
5612 posts
QLD, 5612 posts
12 Oct 2008 8:41am
If only you could find a way to convert carbon emissions into carbon booms and masts....
DavMen
DavMen
NSW
1510 posts
NSW, 1510 posts
12 Oct 2008 9:55am
Wet Willy said...

Doom and gloom...told you so...
...wait, buy soon, buy next year...


If its windsurfing gear you're talking about.
Its all relative - if currency goes down globally.

If its stockmarket.
All your eggs in one basket syndrome - most companaies are continuing work as normal - people who are fixated on $$$$ are suffering.

People losing houses, sad as maybe, probably shouldn't have bought in the first place. Lending 110% of purchase price, was always going to come back and bite you (lender/lendee).

Windsurfers who already have gear - just need wind!!

Remeber, Media loves this stuff!
Gonewindsurfing247
Gonewindsurfing247
WA
966 posts
WA, 966 posts
12 Oct 2008 12:15pm
When you are speaking to your Superannuation jacka#se next time and he says to you "Don't worry the market always bounces back, in 12 months we will have recouped the losses", put this to him:

With a 11% loss, and fees, it will require an 14.29% return just to get back to breakeven. This is an almost impossible task considering that 12.5% was the best achievable at the top of a prolonged bull market (by Super professionals). Returns in recovering market are likely to be closer to 4% to 5% as fund managers are warning.




Gestalt
Gestalt
QLD
14953 posts
QLD, 14953 posts
12 Oct 2008 3:04pm
Gonewindsurfing247 said...

When you are speaking to your Superannuation jacka#se next time and he says to you "Don't worry the market always bounces back, in 12 months we will have recouped the losses", put this to him:

With a 11% loss, and fees, it will require an 14.29% return just to get back to breakeven. This is an almost impossible task considering that 12.5% was the best achievable at the top of a prolonged bull market (by Super professionals). Returns in recovering market are likely to be closer to 4% to 5% as fund managers are warning.



thought this was interesting,

backs up your comments gonewindsurfing. if history repeats at least.

the bottom of the artivel talks about bounce back. i may just be young enough after all.

no wind today. that's more depressing than anything,

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