As far as retailers are concerned IMHO....we are stuffed to put it mildly. How long has it taken for the government to introduce reforms into our market.....all it needs is a few little checks and balances and it would be a much safer place for us to invest in.
Lynas is there for the asking and again if they get half a chance then they (whoever they are) will swoop in and rip it out of our hands. The Crown affair was a good example of how individuals got together along with one insto I believe, and put an end to it.
However we are extremely vulernable and what I don't understand is if I lose all my retirement savings then I will most certainly go on the pension...get a gold card, free medical, free/subsidised transport and even go into a home for my last days all at the cost of the taxpayers. Why not, I certainly paid tax since I was 15 till I retired.
You would think that with all the funds that are self managed that the government would make sure that they at least would ensure we have a level playing field.
Lynas is a great example of how it shouldn't be.
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