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Great Southern collapse

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

  1. bazza52

    bazza52 Member

    Joined:
    4th Dec, 2006
    Posts:
    17
    Location:
    Canberra
    For those with agribusiness investments though GS - story here
     
  2. pthm

    pthm Well-Known Member

    Joined:
    25th Aug, 2005
    Posts:
    136
    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 ...
     
  3. Muzza

    Muzza Active Member

    Joined:
    23rd Nov, 2006
    Posts:
    38
    Location:
    Brisbane
    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...
     
  4. Redwing

    Redwing Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    476
    Location:
    PERTH..WA
    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