I guess hindsight is easy for all of us and to be ahead of the game for many of these stocks takes time and sometimes deep research and it can be dry and intense or to be a successful trader and that is a whole different ball game all together but this world of SMSF's doing their own thing and online retail trading with such ease and little effort in which they allow people to part with their money with little thought is frightening to watch. I am not a fan of CA's either and consider them a last resort but the no win no fee catch cry again makes it easy for people to join up sometimes without understanding the impact or consequences, having said that at times there are good reasons to consider and pursue a CA and I can think of a few. As for trusting management and the governance team the problem lies in how they are remunerated and incentivised to get up and go to work and HR and recruitment firms have severely damaged that model to the extent that you are right, they cant be trusted and shareholders have to be able to see through the complex array of issues, dialogues, double entendre's, inferences and scenarios.
It is a playground of fortunes but not for the weak of mind or weak of thought and without an investment plan or strategy people are at the whim of the markets and those that do...no-one has ever said the playground was a fair place.
And there ends my BS lecture for the evening but yes, you are right.
Now watch this post get p1ssed on....
BAL Price at posting:
$4.20 Sentiment: None Disclosure: Not Held