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.
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thanks Rooks !Yeah I'm on both sides of the balance sheet...
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Open | High | Low | Value | Volume |
$19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
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3 | 4673 | $19.73 |
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Price($) | Vol. | No. |
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$19.76 | 31740 | 2 |
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3 | 3406 | 19.700 |
3 | 70531 | 19.690 |
1 | 3000 | 19.680 |
1 | 10000 | 19.670 |
Price($) | Vol. | No. |
---|---|---|
19.760 | 31740 | 2 |
19.780 | 1500 | 2 |
19.800 | 3814 | 4 |
19.830 | 20872 | 6 |
19.850 | 28178 | 4 |
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