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Glad it amused you.Quote:
Originally Posted by spaniel77
That's nothing though.
That's how I talk dirty to girls while I am fucking.
"Yeah baby, you want it?...Invest it in a low-yield bond. Do it!...Let me Click that trading button hard baby!”
Me: “Do you wanna play slut?”
Girl: What did you say? (she looks really pissed)
Me: "No No, I was saying do you want to play some slots at the casino"
Happens to me all the time slut or no slut...
People underestimate the returns you can get on regular shares
Yes, Bitcoin would have made you a millionare if you got in at the very lows, but where will it take you now? Let's say at the ultimate, very unrealistic scenario IMO it goes to 200K from around 20K now, so that's 10X profit, pretty good. But look at a company like After Pay touch for example which had 100X results over the last few years and 10X from just the bottom of the crash up to today and is an actual company not some speculative digital ledger
I'll say one thing for Bitcoin and Cryptos, you can make some money just "trading" the wild swings it goes through, but they are so speculative and random that you are just as likely to end up on the loosing side as you are on the winning, but if you just want to buy something and hold, I think we have missed the Bitcoin boat and there are plenty of other better investments out there...
People really do get hyped up. Bitcoin has a great record so far. But only if you haven’t traded it. Held it long forever and you are well in front.
But......... at US$20,000 it has to go to double to make 40. Real ‘boasting’ territory
But here’s the thing. Find a ‘Penny dreadful’ and its the same result, but not as sexy. But POS at bugger all. Watch it rise bugger all. And you’re laughing
Just saying....
Haha! Not sure if they make that much money....Quote:
Originally Posted by 17012430
I've been following this intriguing story in the SMH. It shows how careful you should be in trying to make easy returns while sitting on your arse! I laughed at the bit where her husband as a sideline has been selling prawns from his home aquarium. I'm sure that must be a real money spinner! :shout:
Con artist of the century': Investors fear Melissa Caddick stole $40m
By Kate McClymont
December 4, 2020 — 11.59pm
Frantic investors are worried that missing Dover Heights woman Melissa Caddick may have misappropriated between $25 million and $40 million, with one victim entrusting her with $5 million.
"She is the con-artist of the century," said one victim whose extended family invested with Ms Caddick. "I was dry-retching when I found out."
https://i.postimg.cc/qMD5CRtT/a7c998...19cfc0e60c.jpg
Melissa Caddick hasn't been seen since November 12.
Another said, "This lady's robbed from genuine hard-working families that are less wealthy than she is. She's taken from elderly and young people. It's just sick, it's really sick."
For the past six years, the 49-year-old was allegedly operating a Ponzi scheme whereby money from later investors was used to pay earlier investors. Not that many investors wanted to remove their funds which – on paper – were showing astonishing returns.
Her modus operandi was simple. Investors deposited money into the CBA account of her company Maliver. She then created a bogus CommSec trading account for each new client. CommSec clients have an eight-digit account number. Ms Caddick's fakes had only six digits. Using a cut-and-pasted CommSec logo, at the end of each month she emailed her clients a report.
The shares in which she "invested" her clients' funds never made a loss. Instead, they showed a dazzling return, sometimes up to 30 per cent. Buoyed by the returns, investors put more money in. One told the Herald of an initial million-dollar investment, followed by another $1 million.
Word spread of Ms Caddick's success. Prospective investors would initially be told "her books were full" but a couple of weeks later she would call to say they were in luck and a place had become available.
While she proposed to prospective investors she would "maximise client outcomes while working within the law," she was operating a financial services business without a licence, which can attract a $22,000 fine and two years' jail. Her alleged misappropriation of funds can attract a maximum penalty of 10 years' jail.
Under the heading "YOUR ADVIER'S [sic] EXPERIENCE & QUALIFICATIONS", Ms Caddick also lied about her achievements, including that she had a Masters of Business and was a certified member of the Financial Planning Association.
Caddick spent $60,000 on a birthday gift for herself from designer Stefano Canturi, whose work is pictured.
https://i.postimg.cc/4xKFvgth/30fdd4...6f5aaa2ce6.jpg
Ms Caddick appeared to be doing very well for herself. She favoured designer clothes and shoes by Chanel and Dior which were paired with a jewellery collection estimated to be worth up to $3 million. For her birthday this year, she treated herself to black sapphire and diamond earrings, and a matching necklace estimated to be worth $60,000 purchased from designer Stefano Canturi.
Apart from her Dover Heights home bought for $6.2 million in 2014, two years later she bought her parents a $2.55 million flat in Edgecliff. More recently she inspected a Rose Bay waterfront but told the agent she only wanted to pay $32 million. It sold for $35 million.
Along with her husband and her teenage son, who attends a local private school, each year the family would spend a month skiing in Aspen in the US.
https://i.postimg.cc/mg0p85Np/d9fe2c...4d1d65eefa.png
Although Ms Caddick told people she owned one of the exclusive North of Nell apartments in Aspen, the manager confirmed that for the past five years she had rented in the building, paying $US40,000 ($54,000) for the month.She boasted to friends that she used private jets to fly to Aspen as well as an array of exotic holiday destinations such as Bora Bora in Polynesia.
https://i.postimg.cc/4Nx0dtxP/ab4730...cdd475464a.jpg
The blue $300,000 Audi given to her husband Anthony Koletti by Ms Caddick outside their Dover Heights home.
One friend who has known her for 20 years said that no one could understand how a simple financial planner lived such an extravagant lifestyle. "Who takes her personal hairdresser on a business trip to New York?" posed the friend, who added that Ms Caddick had divorced her first husband and married hairstylist Anthony Koletti, 38, who was working at Joh Bailey's salon in Westfield Bondi Junction.
Mr Koletti, who drives a bright blue $300,000 Audi sports car, is a would-be music producer. More recently he has turned his hand to selling prawns from his home aquarium. Flanked by police, he said recently of his wife's disappearance: "We've been married seven years, we've known each other a long time … I'm doing everything to help detectives find her. It's really hard. I just want to find her. Right now I'm chasing every lead possible, all I want is to find her."
It is not suggested Mr Koletti has been involved in any wrongdoing.
Friends and investors have told the Herald that since August Ms Caddick may have been aware she was under investigation. She had already erased herself from Facebook and Instagram and in September she began an extensive file shredding operation. However, this did not stop her from accepting another $500,000 investment that month.
The Herald has confirmed that ASIC was alerted to Ms Caddick's alleged wrongdoings when they were contacted some months back by another financial planner who was horrified to discover Ms Caddick was using her licence. "I found out when a potential client of Melissa's did some due diligence on the documents they were provided. ASIC were immediately notified," said the woman, who asked not to be named.
"This was an enormous shock to me personally and very stressful and upsetting. It continues to be so," she said.
Police are baffled by the disappearance of Ms Caddick, who vanished more than three weeks ago. She reportedly left the house at 5.30am on November 12 taking nothing with her, not even her mobile phone.
The previous day Australian Federal Police, on behalf of ASIC, had executed search warrants at her Wallangra Road home. Earlier the same week ASIC had obtained orders in the Federal Court freezing Ms Caddick's bank accounts and properties and preventing her from leaving the country.
Police have quashed suggestions made in court that missing Sydney woman Melissa Caddick has been murdered.
Ms Caddick lives only 150 metres from the cliffs but none of the extensive cameras or motion detectors along the notorious suicide stretch have shed any light on her movements. Earlier this week police asked motorists for any dashcam footage taken in the area from 6.30pm on Wednesday, November 11 until 9am the next day.
Meanwhile, her anguished investors are desperate for answers. Some are hopeful they will recover some of their investments. Others are more pessimistic. "Money gives you choices in life and right now she has taken away all our choices," said one.
Isnt that old news?
People getting ripped off after trying to earn big returns from dodgy dealers is always old news..
But the mystery of this is intriguing. Did she jump off the gap? The cameras that monitor all the cliffs there revealed nothing. Did she plan an escape? Where too? How?
I'd been naive myself in the past. Three years before the GFC I was pretty ignorant about financial matters and was attracted by an interest rate of 8.5% in a retail ad by what I later learnt was a "mezzanine lender" to property developers the banks (I later learnt) didn't want to touch. I gave them a pretty penny too - about $170K, that I really couldn't afford to lose.
I didn't read the Fin Review every day, but I read it often enough to learn about another firm doing the same thing that had gone bust. I started to think I was too exposed and redeemed my units and put it all into an index fund instead. I figured while this one firm I was invested with mght go away altogether, the whole economy can't go away altogether. Took a bit of a temporary beating in the GFC in the index fund on paper, but it didn't matter as I was able to ride the rollercoaster out with no problem.
About six months later the firm I had been with went belly up and redemptions were frozen. 11 years later administrators have only in the last couple of years been doling out the wreckage to the unit holders, 15c in the dollar or some shit. Not to mention the opportunity cost of not having access to any of their former capital for the last 11 years.
Lucky I read and took note of the fin review articles about a related firm.
If you are serious about building long-term wealth then the first step is to find several mentors with skills in your areas of interest. People who have done the hard yards themselves with their own money ...... not an "expert" or broker or middleman for some corporation. Someone whos willing to show what they did and where they went wrong and what they got right.
Next learn everything you can about where you want to put your money read books and reports,YouTube, webinars etc. Start conservatively until you better understand the risks.
A few tips to start researching if you're interested in the share market.
Start off with a good platform like IG Markets or Saxo that give you access to more sophisticated products and overseas markets.
Next start investing in bluechip companies and ETFs like FAANG stocks and SPY then write monthly covered call options on those shares one or 2 strike prices 'OTM' (Out of the money) At present that should give you about 3% per month return on the share value and reduce your downside risk. If the options are exercised then you can cash settle instead of having to repurchase the shares.
This strategy should give you about a 40% per annum return in addition to the dividend on the shares with much reduced risk than just purchasing the shares only.
When you are more experienced and want to move to a higher return strategy then look at buying CFDs with 10x leverage on your EFTs and then writing your options on your CFDs for a 30% per month return.
Wow. Not risky advice at all. Options and CFDs over sectors that have gone like rockets in the past two years.
Return to mean.
Any thoughts on Z1P?
Warren Buffett has a great of rules for investing
I've followed them for over 40 yrs with success
Diversify....stocks property
also look at the tax benefits and implications
When interest rates are low and stocks are roaring borrow and negative gear
When the market falls buy...this year was a perfect example
Also look at dividends and franking credits
Now there are a lot of ways and sites where you can buy cryptocurrency. The easiest way is to buy it on cryptocurrency exchanges like Binance, OKEx and so on, but if you are new and don't understand anything about cryptocurrencies yet, the interface of these exchanges will really scare you with a lot of information, which may confuse you, and that is why you may buy the wrong coin or token that you want. It is much easier to buy bitcoin with debit card .
The service has a number of advantages: easy KYC, fast transactions, bonuses for its token holders and much more. Isn't that great?
I am not saying this in a negative light and not trying to undermine your strategy. They sound sensible.Quote:
Originally Posted by Labia Vortex
But I thought Buffett said the opposite - only fools diversify or something to that effect. I will dig out the quote when I have a minute
Agrees its a buyers market at the moment.
Still possible to buy, look for future stocks. Ask yourself what will the world need in the future. I've gotten into lithium miners, robotics and AI companies as well as chip manufacturers.
I also top up on pharma and medical when I feel they've dropped enough. I recently invested in a new private hospital.
I've made some large buys and alot of small ones.
Hope nobody actually bought them. Literally a falling knife from that date.Quote:
Originally Posted by altvmla