Iron ore price, page-36890

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.