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Share market... a ponzi scheme of "Super" inflated prices that...

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grafton48

6,746 Posts.

01/10/14

23:47

Post #: 14061066
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Originally posted by Sector Lead ↑

Merv, Not getting at you personally, but I do this every time a new "property expert" comes on and makes claims like

"loss making"
"wasted capital"
"giving it a miss"

I have a quick look at your "helds" and "buys"
You have 4 on first page, and here are the 5yr. performances as you mention "loss making" over 5 years

1. RNI - past 4-5 yr low 3c - high $1.48 - current 15c
2. MLX - past 4-5 yr low low 8c - high $40c - current 22c
3. LSR - past 4-5 yr low 5c - high 17c - current 1.5c
4. HOR - past 4-5 yr low 20c - high 83c - current 2.3c

NONE have paid a cent out in the 5 years, and all have destroyed wealth that is incomparable to property in Australia, which ON average is at ALL TIME HIGHS , AND pays income, AND has brilliant tax deductions.

Those 4 stock performances are a common theme on the property threads from 99% of past commentators that property is a loss making venture, wasted capital and you'll be also giving it a miss.

All I can say is, join the club, as every single one of those 4 stocks have been a WEALTH DESTROYER for 90% plus of investors, not loss making but absolutely woeful investments, and are likely to continue being capital raising retail investor (read "punters") capital suckers!

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Share market... a ponzi scheme of "Super" inflated prices that are pumped each week by Super contributions

G48
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