As it's more than 100 days now, it has been suggested that a new thread was needed. The current govt has been breaking promises and telling lies at a rate so fast it's hard to keep up.
This below is worrying, "independent" pffft, as if your own doctor is somehow what? biased, it's ridiculous. So far there is talk of only including people under a certain age 30-35, for now. Remember that if your injured in a car, injured at work or get ill, you too might need to go on the DSP. They have done a similar think in the UK with devastating consequences.
and this is the 2nd time recently where the Govt has referred to work as welfare???? So when you go to work tomorrow (or tuesday), just remember that's welfare.
http://www.abc.net.au/news/2014-04-20/disability-pensioners-may-be-reassessed-kevin-andrews/5400598
Independent doctors could be called in to reassess disability pensioners, Federal Government says
The Federal Government is considering using independent doctors to examine disability pensioners and assess whether they should continue to receive payments.
Currently family doctors provide reports supporting claims for the Disability Support Pension (DSP).
But Social Services Minister Kevin Andrews is considering a measure that would see independent doctors reassess eligibility.
"We are concerned that where people can work, the best form of welfare is work," Mr Andrews said at a press conference.
But it is a good strategy if you have a portfolio designed for growth.
Borrowing at around 7% annual interest (today's) to purchase shares with the possibility of having to satisfy margin calls? And don't forget CGT (unless you are exempt)
When do you decide that it would be nice to have extra income as opposed to paper growth?
I will argue the point there with a couple of examples. Many people have held BHP for some time (a past "must" or "blue-chip" for portfolios) which I also bought many years ago. Here is the 10 year chart:
In that period BHP has paid around a measly averaged annual 3% FF. In fact just about my worst performing stock.
Medibank IPO and "......if you have a portfolio designed for growth." I purchased and sold them after 3 months for a profit of 21%. Growth albeit short term, but unlike the TLS buyback where I sold as many shares as I could and then promptly bought them all back , I will not be re-buying MPL.
This thread is NOT about shares (another rule?) Actually shares are a very good indication of a governments fiscal policies malodorous or otherwise.
BHP dividends have averaged just 3% historically, but currently the yield is 4.7% and 100% FF
MQG certainly have appreciated well lately (all banks have) but the dividend yield is currently only 3.70% and with just 40% franking and for some years it was 0%, so selling them was a good idea
"....... who would buy shares "today"in a 'high' market for growth. Not me!"
"I'm sorry but 50 cents per share profit does not do it for me, better than a loss though "
The actual monetary value is totally immaterial D9275, what does matter is the % gain on your original investment when you sell. Some traders buy/sell low priced shares in order to make only a cent or two per share, but if that represents perhaps a 10% profit that is good.
With Medibank IPO you announced you would not buy any, which I considered silly ( political nose to spite face?) considering all the economists suggestions then, and now you pooh-pooh a gain of 50cents which represents 25%% in 3 months ????
I bought quite a few thousand MPI and 3 months later sold them for a 25% gain. That certainly did it for me, or in simple terms in just 3 months I made a profit of quite a few thousand X 50 cents
"Buy low, sell high" and who would actually know when those points occur, considering the fluctuations in most share values over time?
Within the MYOPS rules here, is it allowed to mention State governments, perhaps even the forthcoming NSW election, because there seems to be little (any?) references to it?
I promise (sort-of) not to mention Eddie Obeid or Michael Williamson . Oh bother I did, that will be
