Thanks again, Clarkie, There is solidarity north of the Yarra.
NAB demand Power of Attorney before I can get access. I don't want to operate her account, just to view it to see if there are scams. I think that they're taking away her cheque account as well. Don't get me started on the social responsibility of banks !!
Back to Norwood while we're talking money.
Hypothetically, if you had $800,000 to invest in say 2018, you might have a choice between buying Norwood or placing the funds on the money market. Ignoring tax for the sake of the argument, at 4% average your stake would be worth just over a million.
If you put the 800 gorillas into a basket of stocks, your portfolio might be worth $1.2 million.
If you bought a house almost anywhere in Australia, you might have a $1.3 million property.
DD or Growler might come up with the value of Norwood based on the $800K investment in 2018.
Sometimes, as we should all know, and yours truly has learned very late in life, discretion is the better part of valour.
There is also a saying regarding baskets and eggs.
Cheers
NOR Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
