Thread: Safe places to park money?

Major British retailer Woolworths has gone into administration, the BBC has reported. But I don't think there is anything to worry about the Australian one as they are not affiliated.

Originally Posted by Shedhand

Unfortunately, no. By the time I was able to (and had the money) I was in a sensitive government job I would have had a serious conflict of interest. I could probably got away with it but I don't like living looking over my shoulder. I'm too honest and is why I'll never have a fortune... BTW my mate bought 250000 shares at an average of 4.5 cents each and sold them for $1.05 each. When I first came across them they were .004 cents each but I ignored them.

Bugga SH.

I bought some Drillsearch shares this week. Yeah I know you'll all say I'm going against what I preach but a parcel of 20million were placed on the market and this depressed the price. I topped up by buying 2 mill at 2.2 cents. Drillsearch (DLS) has just gone through a big restructure and a merger with Greater Artesian Oil and Gas and now is debt free with money in the bank and some good leases with good farmin partners. I'd be happy if they went to 20 or 30 cents.
Look, this is only a gamble so nobody sink their last sheckles into it. Just thought some of you might want something to watch whilst we discuss such things.

I haven't been watching this forum much the last couple of weeks, but I've seriously stressed out reading about the US S&P 500 elsewhere. A lot of charts are floating around showing how rolling market returns form normal distributions around a generally small but positive percentage return, with many years falling somewhere to the south and just as many falling somewhere to the north, but all records going back to the late 19th century still fall within a 3 standard deviations of the curve (as do Australian returns), EXCEPT for the S&P500's current performance which is showing 5 year returns way off into negative 4 sigma territory.

Most things you come across in life can be mapped into the 99% of things that happen inside the 3 sigma limits of a normal distribution. A 4 sigma deviation is really way off into uncharted territory. Some people think it can't get worse, the market has bottomed and the recovery is underway, some think since we are so far out on the 4 sigma limb already, the possibility exists for a further 50% drop before the recovery starts. Only time will tell. Hold or draw? Just like poker.

Getting back to the original theme of this thread, since the US (and thus perhaps the rest of the world?) already is in uncharted waters, it does seem prudent to consider self preservation as well as the opportunities.

Young and have a job? No problem. I didn't notice the 60's credit squeeze. The 70's, 80's and 2000 crashes didn't really phase me. Now it's 2008 and I'm looking at retirement, I'm not so blasé this time round.

I've been of the opinion that I haven't personally got the contacts and talent or perhaps interest to time the markets myself, I'd rather just squirrel it away and be out there making something rather than watching the trading screens, but it seems sensible at this stage to have a worst case scenario plan in place, just in case. Either way, at my age I'm thinking it isn't going to be much fun waiting 25 to 40 years to see the full recovery of my super balance.

OK! so know that we know none of the supposed "experts" in the news got much if anything right with respect to this worldwide meltdown... I suspect they were outright lying to the populous to sucker us into trying to buy our way out of trouble. All it appears to be doing to me is causing the pyramid schemes of the world they call the economy to swell to gargantuan size and that's about it - but that's another thread.

What do you figger... Just asking for opinions (remembering opinions are neither right nor wrong they're just opinions)... you know food for thought... Where do you think in the world will the turn around occur first.

What say you.

Originally Posted by Toolin Around

OK! so know that we know none of the supposed "experts" in the news got much if anything right with respect to this worldwide meltdown... I suspect they were outright lying to the populous to sucker us into trying to buy our way out of trouble. All it appears to be doing to me is causing the pyramid schemes of the world they call the economy to swell to gargantuan size and that's about it - but that's another thread.

What do you figger... Just asking for opinions (remembering opinions are neither right nor wrong they're just opinions)... you know food for thought... Where do you think in the world will the turn around occur first.

What say you.

Hi TA,
Do you ask where and when?

Since you started this thread much has happened the Brits and parts of EU seem to be in as much strife as the USA as the service based economy is being hit hard.
So where, well I think it has to start in the US 25% of the global consumption has to crank up before the rest of us can go again.
I have not seen a lot of comment regarding China of late what was a 8-9% growth prediction seems to have slipped to 6-7 but who knows probably not even the Chinese officials.

As for when, m2c is we are still on the way down so when a recovery will occur depends now on unemployment rates again in the USA but I think at least 12 months. One also wonders how many more shocks, scandels and duds are yet to be uncovered.

While the low doc loans triggered this problem I have been wondering about balance of payments and the impact of large government deficits that have been and continue to be run up. There appears to be a situation where developed service economies are running on huge trade debt while developing countries are using trade to turn a surplus. Where do we go in the future tricky trade barriers currency revaluations I would think there has to be limits.

OK I'm now ready for my back yard guessonomic theory to be shot down

As an aside have you been watching BHP over the last few weeks. A mate of mine bought a bundle at 22.50ish and I told him he was mad. Shows you what I know

Regards
Mike

Originally Posted by m2c1Iw

While the low doc loans triggered this problem

Actually, it wasn't low doc loans that caused this problem, that shoe is yet to drop......

Originally Posted by Gra

Actually, it wasn't low doc loans that caused this problem, that shoe is yet to drop......

In those immortal words........please explain