Goodbye...
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Goodbye...
Every thread is same ....Visit Coronavirus ...all are ready to insult u at slightest disagreement ....all replies are mostly condescending ...what a shame ...
True nature of people come out when they think they are anonymous ....
Everyone is on a EGO trip not trying to spread wisdom but to feel better by insulting others ...
yep
seems to be a lot of people on this site who have bad attitudes towards anyone who does not subscribe to there way of thinking.
critical analysis of companies is frowned on if it doesnt conform to the group chant
Well, yes -
Groupthink is not unusual in any forum, and there clearly are people who get shot at just for not sharing the view of the cheerleaders in respective threads.
On the other hand - not everybody making negative remarks is providing critical analysis. I see it less often that people who provide a real analysis (i.e. providing as well sensible reasons for their view) get shut down. More often it is just a negative view unsupported by facts clashing with a positive view unsupported by facts ... and sure - this only can end in a shouting match, can't it?
Maybe we should all try to provide more supporting facts when we state controversial opinions ... this site certainly would gain from it.
There is a difference between not sharing the view of the cheerleaders, and having a trashy low blow pot shot at Cryptos care for their nan. Once you learn the difference, you may understand why everyone was calling out your douche comment.
btw, you can down rep me all you want. I will send you a weekly reminder to do it if you like. A small green colourful trinket obviously has very different value to you than it does for me.
Record low unemployment, more inflation on the way. OCA sure did get good timing on that bond issue.
https://www.interest.co.nz/business/...ter-once-again
Yes the timing and 7 year term of that $100m bond issue last October at just 2.3% locked in for so long was a superb deal for OCA shareholders. Not so good for those who participated with the yield on the secondary market this morning hitting 3.8%, (resulting in an 8% loss of the face value of the investment) as secondary market investors demand a yield more appropriate to where long dated Govt bonds are currently trading.
Listening in to the PIE funds CEO this morning October saw the worst performance in the bond market since 1994 with short dated bonds rising nearly 100 basis point sin a single month !
Anyone who ever suggests you can't lose money in bonds is factually incorrect. A good example above. Those investors who committed to OCA 7 year bonds at just 2.3% (returning just on 1.5% after tax for investors on a 33% tax rate), are losing money hand over fist with inflation at 4.9% over the last year resulting in a net loss in real inflation adjusted terms of 4.9 - 1.5 = 3.4% ! Someone who invested $100,000 has in real terms lost $3,400 in real inflation adjusted spending power in the last year and faces many more years of their interest payments after tax being potentially well below the inflation rate. Worse, if they want to rectify their mistake they will suffer a capital loss of another 8% + brokerage to exit.
I called it at the time, that bond issue was a fantastic deal for OCA shareholders !