SCF is over. Do not waste time on it
[QUOTE=Winston;318072]
Quote:
Originally Posted by
Roger
Yes if you're so lucky to be a Forsyth Barr cleint you would have been "sold" Feltex bonds, Feltex shares when they converted, Credit Sails, South Canterbury Finance Pref shares and so on. When I dealt with them I felt they OFTEN put their own interests ahead of their cleints and when there was an outstanding opportunity that came their way they used to have an in-house saying "TGFC" which is an acronym for "too good for clients" Be warned !!
Yes, my Forsyth Barr Managed Portfolio lost $15k on Feltex, $90k on 'Sails', $75k on SCFHA, etc. All stuff where there was a clear conflict of interest between profits for the manager or a sound investment for the client.
If you made a profit from the collapse of SCF it is time to move on for new opportunities. If you lost money on SCF it is time to learn a lesson, move on, and forget the nightmare. At any time there are opportunities in the market. You would miss the opportunities if you continue wasting your time complaining the failure of SCF. You would not win back a cent by endless complaining.
Spending your time in analysisng bonds like BLU020, ARW010, and STL030 and kaing some risks could be very rewardable in the future.