Managed Funds Great Southern collapse

Discussion in 'Shares & Funds' started by bazza52, 18th May, 2009.

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  1. bazza52

    bazza52 Member

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    For those with agribusiness investments though GS - story here
     
    bazza52, 18th May, 2009
    #1
  2. pthm

    pthm Well-Known Member

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    Does anyone know what implications this would have on Navra funds? There is an update evening by Navra on the state of the market this Thursday. Hopefully we will know. Navra is sharing the office with GS ...
     
    pthm, 18th May, 2009
    #2
  3. Muzza

    Muzza Active Member

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    I dont believe this would have any effect on the NAVRA MF as it is not something that they have invested in. I believe that the GSS investments were designed to reduce taxable income for an individual and would not be something that would be bought for the returns...
     
    Muzza, 20th Jul, 2009
    #3
  4. Redwing

    Redwing Well-Known Member

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    Yep, more to do with Navra Financial Planning clients than the fund itself

    Amazing how many people have been stung by Agri-schemes over the years, taking into account governments changing thier minds on the tax status of some of these and making the status retrospective, thus forcing investors to pay back thier previously allowed deductions

    Haven't been involved in any of these schemes, but once you mention them it seems everyone has a yarn to tell
     
    Redwing, 22nd Jul, 2009
    #4