thanks Rooks !
Yeah I'm on both sides of the balance sheet in my role. selling MBS & also lending people money into them. I did it at BT/ WBC private and also for the family office. I also worked for a private lender getting investors and selling the debt to developers etc. At the family office sometimes we do both for the same client. lend them a buck and then they invest a buck.
Debt is a wonderful thing if you use it well. But it can burn if you mess up and kill you if you don't resolve it.
I was also trained as an FP and decided against it well before the royal comish. I saw what was happening @ Westpac.
I would leave meetings with the FP after meeting with clients, and as soon as the clients were out of ear shot the FP would try to give me a high five bragging about how much money they "squeeze" out of the client. I didn't like it and became very mistrustful of them.
I suffered a bit with the fee for no services thing as well and sued them.
Now back to FMG. I wanted to invest during the 2017's into FMG in a big way. I saw the falling cost of production and organic demand and felt this would be a great company to invest into. The FP convinced my wife not to do it.
he said it was a waste of time and recommended the usual suspects which did ok. But not great.
anyway, we move on.
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1 | 500 | 21.600 |
2 | 10000 | 21.590 |
1 | 1 | 21.580 |
2 | 275 | 21.570 |
Price($) | Vol. | No. |
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21.670 | 13033 | 1 |
21.690 | 13033 | 1 |
21.700 | 1017 | 2 |
21.710 | 61673 | 7 |
21.720 | 23421 | 5 |
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