MFG

0.51%

$9.76 magellan financial group limited

Ann: Hamish Douglass - Medical Leave of Absence, page-168

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cutty

3,385 Posts.

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09/02/22

12:09

Post #: 59454215
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Originally posted by Jean Luc Bergman: ↑

I've been negative on this company for six months along with visible disclosure as "not held". If I were ever losing my hair I can afford the hair transplants with a a top surgeon, meanwhile you'd be stuck in a third world country back alley gluing pubic hairs onto your head.

A little ironic being projected upon by a guy literally naming himself "saltyinvestor", not a surprise when you're likely grinding a five figure 9-5 at 55 and the best you can do when it comes to investment is attacking people who own/owned a collapsing stock.

To be very clear, your first post on this stock was at $20, when the companies already lost 65%+ in price from all time high. You've come to the conclusion that this stock is a bad investment after its already down more than 65% in a few years and over a period where we already knew of underperformance of 18%+? Sorry for ever doubting your genius sir, a whippersnapper like me could do with a few tips from a seasoned vet like yourself that can figure out after a house burns down that its worth less than prior to burning down.

There's no basis for "10%" being some kind of magical peak number for an investment or fund to yield PA long term. Your comment was the equivalent of the local witchdoctor making predictions from tealeaves, no one with any industry experience or credentials in finance would agree with your comment because its demonstrably false.

I absolutely do think MFG is a perfect example of why index funds are often the simplest and best choice for many individuals and for pieces of portfolio allocation, but to act like there aren't small numbers of active funds achieving 20-30% over extended periods is delusional. Do I think MFG is going to rapidly move back to former glory or blow out the index? Probably not.

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I am not sure you are going to get your point across by boasting about your riches and belittling those who have less. Unless you think by having more money makes you superior to everyone else.

MFG Price at posting: $17.75 Sentiment: None Disclosure: Held
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(20min delay)
Last $9.76		Change -0.050(0.51%)		Mkt cap ! $1.764B

Open	High	Low	Value	Volume
$9.63	$9.77	$9.63	$2.785M	286.3K

Buyers (Bids)

No.	Vol.	Price($)
1	928	$9.71

Sellers (Offers)

Price($)	Vol.	No.
$9.77	2144	2

View Market Depth

No.	Vol.	Price($)
3	6092	9.700
1	8099	9.690
4	4041	9.680
3	6675	9.670
1	1544	9.660

Price($)	Vol.	No.
9.770	1544	1
9.780	3144	2
9.800	100	1
9.810	116	1
9.820	200	1

Last trade - 16.10pm 19/07/2024 (20 minute delay)

MFG (ASX) Chart

Ann: Hamish Douglass - Medical Leave of Absence, page-168

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

AI stocks: What to expect in 2024-25

Talking Australia's very competitive property landscape: Realty Talks

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Metalicity looking for offers on Admiral Bay zinc project

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

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Buyers (Bids)

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Ann: Hamish Douglass - Medical Leave of Absence, page-168

Top Stories

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

AI stocks: What to expect in 2024-25

Talking Australia's very competitive property landscape: Realty Talks

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Imricor raises $35M to pursue growth and expansion into Australia and NZ

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Metalicity looking for offers on Admiral Bay zinc project

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News