N
nushpapa
Guest
Im gonna edit this, i'll just leave with some info and my opinion of what should happen.
1) You believe writing offs means that the bonds r collapsing or sumthing, no its just the adjustment of the bond's value to it's TRUE value. They were literally worth **** all from the start, fund managers with non-commerce backgrounds just decided to buy D grade securities iussued by A+ credit status corporations (they were tricked in a sense, their fault but still). Nothing more, if anything the problem at the moment is that banks will no longer trust (as much) each other and thus will cause problems with the borrow/lend relation banks have with each other. No if you understand anything about how banks operate, you will know this is a major problem.
2) you mentioned getting out of shares etc... that depends on who you are. A long term holder or short term, remember just because you buy shares doesn't mean you can't sell them. This is actually a very good oppotunity to stock up on shares, or just to daily trade them. for example Macq bank, yes they ahve dropped over 33% in the last year, but every 3-4 days their volatility is like 10%. Now imaging investing 10k, 10% is 1 grand - capital gains tax thats still a >5% profit. Yes you have to time it correctly but even if you don't make 10%, whats wrong with a 5% gain pre-tax.
And you want to do sumthing to help the world? Go earn some money and donate to scientific research to help the global problem. Donate to the corporations that fund research into alternative fuel etc.. (thats what i hope to do when i enter the work force)
Btw: i don't play uo, i quit in order to concentrate more on my studies. I have my priorities and uo is not one of them.
1) You believe writing offs means that the bonds r collapsing or sumthing, no its just the adjustment of the bond's value to it's TRUE value. They were literally worth **** all from the start, fund managers with non-commerce backgrounds just decided to buy D grade securities iussued by A+ credit status corporations (they were tricked in a sense, their fault but still). Nothing more, if anything the problem at the moment is that banks will no longer trust (as much) each other and thus will cause problems with the borrow/lend relation banks have with each other. No if you understand anything about how banks operate, you will know this is a major problem.
2) you mentioned getting out of shares etc... that depends on who you are. A long term holder or short term, remember just because you buy shares doesn't mean you can't sell them. This is actually a very good oppotunity to stock up on shares, or just to daily trade them. for example Macq bank, yes they ahve dropped over 33% in the last year, but every 3-4 days their volatility is like 10%. Now imaging investing 10k, 10% is 1 grand - capital gains tax thats still a >5% profit. Yes you have to time it correctly but even if you don't make 10%, whats wrong with a 5% gain pre-tax.
And you want to do sumthing to help the world? Go earn some money and donate to scientific research to help the global problem. Donate to the corporations that fund research into alternative fuel etc.. (thats what i hope to do when i enter the work force)
Btw: i don't play uo, i quit in order to concentrate more on my studies. I have my priorities and uo is not one of them.