Re: So, forum financial gurus...

[horace]

skully....keep working man...no dignity or meaniing in retirement

[skully]

No desire to die of a heart attack in Sydney traffic, h.

[Bradman]

Wouldn't the fact that Wall St is up mean eventual good things for the ASX. Obviously someone thinks there's good data coming out of the Great Satan, so that's where the money goes. The market is going to be fairly unstable with fat boy playing games and the US still finding it hrd to pass a budget.

Haven't we been trending upward for about a year or so?

[JGK]

11:15am: And in a shock announcement, the finance director at Mirvac, Greg Dyer is leaving the group after only eight months.
In a short statement, the company said Mr Dyer would be resigning from the Mirvac board immediately, however he will remain in an ''executive capacity to assist in transitional arrangements until September 2013''.
Mirvac's new chief executive Susan Lloyd-Hurwitz said Mr Dyer had played a key role in ''assisting the group through the chief executive leadership transition and in pursuing a number of important initiatives since that time''.
His departure comes amid a strategic review of Mirvac's operations being underaken by the board, with the results due out on May 8.


Read more: http://www.smh.com.au/business/markets-live/markets-live-asx-tumbles-into-the-red-20130405-2hakp.html#ixzz2PY9jM0r9



I am pretty sure that this is the Greg Dyer from the dark ages of Australian cricket.

[horace]

skully to his stockbroker..."GREG DYER!!!!!...sell...sell...sell"

[Mick Sawyer]

The Government has today announced a number of substantial super reforms. The more significant aspects are summarised below.

- Tax free withdrawals from age 60 remain unchanged.

- From 1 July 2014 the tax exemption applying to pension account earnings will be limited to $100,000 per individual with 15% tax applying on any excess. This cap will be indexed by the CPI in $10,000 increments. Similar arrangements will impact defined benefit funds.

Special arrangements will apply for capital gains on assets purchased before 1 July 2014:

- For assets that were purchased before 5 April 2013, the reform will only apply to capital gains that accrue after 1 July 2024;

- For assets that are purchased from 5 April 2013 to 30 June 2014, individuals will have the choice of applying the reform to the entire capital gain, or only that part that accrues after 1 July 2014; and

- For assets that are purchased from 1 July 2014, the reform will apply to the entire capital gain.

- The $25,000 concessional contribution cap remains but it increases to $35,000 (unindexed) for individuals aged 60 and over from 1 July 2013 and aged 50 and over from 1 July 2014.

- The previous consideration to limit the higher cap to individuals with balances below $500,000 has been dropped.

- Excess concessional contributions from 1 July 2013 can be withdrawn from the fund and taxed at marginal rates plus an interest component rather than retained in the fund and taxed at the highest marginal rate.

- From 1 January 2015 all new account based super pensions will be assessed as income for income test purposes rather than benefit from a reduction based on the capital component. All existing pensions at that date will be grandfathered.

[horace]

surely any publicly listed company is duty bound to declare whether any of their Board members are dire ex cricketers

[embee]

11:15am: And in a shock announcement, the finance director at Mirvac, Greg Dyer is leaving the group after only eight months.
In a short statement, the company said Mr Dyer would be resigning from the Mirvac board immediately, however he will remain in an ''executive capacity to assist in transitional arrangements until September 2013''.
Mirvac's new chief executive Susan Lloyd-Hurwitz said Mr Dyer had played a key role in ''assisting the group through the chief executive leadership transition and in pursuing a number of important initiatives since that time''.
His departure comes amid a strategic review of Mirvac's operations being underaken by the board, with the results due out on May 8.


Read more: http://www.smh.com.au/business/markets-live/markets-live-asx-tumbles-into-the-red-20130405-2hakp.html#ixzz2PY9jM0r9



I am pretty sure that this is the Greg Dyer from the dark ages of Australian cricket.

He'll be replaced by Tim Zoehrer ...

[horace]

hehehehehehe......poor skully will go even more bonkers

[JGK]

11:15am: And in a shock announcement, the finance director at Mirvac, Greg Dyer is leaving the group after only eight months.
In a short statement, the company said Mr Dyer would be resigning from the Mirvac board immediately, however he will remain in an ''executive capacity to assist in transitional arrangements until September 2013''.
Mirvac's new chief executive Susan Lloyd-Hurwitz said Mr Dyer had played a key role in ''assisting the group through the chief executive leadership transition and in pursuing a number of important initiatives since that time''.
His departure comes amid a strategic review of Mirvac's operations being underaken by the board, with the results due out on May 8.


Read more: http://www.smh.com.au/business/markets-live/markets-live-asx-tumbles-into-the-red-20130405-2hakp.html#ixzz2PY9jM0r9



I am pretty sure that this is the Greg Dyer from the dark ages of Australian cricket.

He'll be replaced by Tim Zoehrer ...

But Tim will occasionally want to be Head of Construction while boasting about shagging the CEO's daughter.

[embee]

Dyer would have made some announcements that didnt happen

Zoehrer will sell the photocopiers and keep the proceeds

[skully]

Crikey, is anything in the Financial world actually going up?? Gold has hit a Fiscal Cliff...

[JGK]

I bought some Newcrest today.

[skully]

At lunchtime, I presume? All the Gold stocks have plummeted before lunch.

[lardbucket]

Is anyone investing in the carbon price?

[skully]

Tony's not.

Stoopid Pinkos have budgeted for a carbon price of $29 in 2015. it's currently sitting at $3.

Swanny, what a legend.

[lardbucket]

Well, he won't have to deal with the consequences of his error.

[skully]

Indeed. The Pinkos are in "let's cause as much chaos for the Libs as possible" mode with their current swag of ridiculous and highly expensive policy announcements that they know won't have time to get through Parliament before Sept 14.

Just a reminder of the Pinkos' economic prowess - they are currently spending $1 Billion PER WEEK MORE than they are receiving in revenue. I probably won't get grandkids - that's probably a good thing - only my immediate sprogs (and not the next gen after them) will inherit the financial debacle of the 2007-2013 Pinkos.

[lardbucket]

virtually none of them will get through before September 14 anyway

[skully]

Aye.

[skully]

Glad I parked my play money out of Aus equities late last month. Bit of a nawsty couple of days for day traders.

[skully]

FMD, a few good days and Sky Business Channel is talking up the "Golden ratio" again. That's nearly 5,500 on the All Ords. Woofing extraordinaire.

[skully]

Golden ratio not looking too flash. ASX (All Ords) off by 101 points or 2% today, and threatening to fall below 5,000 again. I blame the rip roaring Aus economy.

[skully]

I bought some Newcrest today.

Looks a cracking investment.

The price at the start of that day (16 Apr) was $17.92. Today NCM sits at $14.55.

Yes, I know it's poor form to rub salt into the wound of a bad investment, but it might explain his shithouse mood of late.

[JGK]

Bought some more today actually.

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