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Investing in Stocks can be as safe as houses! (Switzer)

Discussion in 'Shares' started by austing, 22nd Sep, 2016.

  1. austing

    austing Well-Known Member

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  2. El Caballo

    El Caballo Member

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    @austing

    I actually watched this Switzer episode a few years back ... the second guy was Peter Thornhill.

    Ever spent a 9 month sojourn overseas?
     
    Last edited: 22nd Sep, 2016
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  3. austing

    austing Well-Known Member

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    No I thought that to but it's a different guy after reading more about this in another article awhile back. I don't believe that his portfolio went from $5 mil to only $4 Mil during the GFC. More likely dropped 40 - 50%.
     
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  4. El Caballo

    El Caballo Member

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    Fair enough ... though the stories are remarkably similar.
     
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  5. CatCafe

    CatCafe Member

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    This should also probably read AFTER the GFC hit he got a 10% yield on a lower capital base
     
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  6. austing

    austing Well-Known Member

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    I can't find the damn article. Maybe I was wrong. It certainly sounds like Peter.
     
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  7. El Caballo

    El Caballo Member

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    1)

    2) Video | Switzer Daily

    Linked above are the two interviews I have seen.

    At approximately the 6 mins 50 seconds mark of the second one, Thornhill compares buying CBA shares to a $1.8m dollar property purchase, during the nadir of the GFC.

    A North Maleny lunch on you if you adjudge it in my favour!
     
    Last edited: 22nd Sep, 2016
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  8. austing

    austing Well-Known Member

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    Yes, I remember those. Ok I give in. It has to be Peter the earlier article was referring to. I'll go all out to provide a lunch of peanut butter sandwitches and Spring water from the bore:D.

    I'll post this on the Thornhill thread, they are excellent. Thank you.
     
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  9. El Caballo

    El Caballo Member

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    Haha ... spring water from the bore???? I don't drink alcohol, but even I as a teetotaler was hopeful of a sample of the home brew!
     
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  10. orangestreet

    orangestreet Member

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    I did think it was Thornhill all along because I watched the interview last week or so (again) and felt awfully familiar. From memory, PT said something along the lines of you would not be human if you saw 7 figures disappearing from your portfolio.

    But good stuff from Peter Switzer.
     
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  11. austing

    austing Well-Known Member

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    The water from our bore has been tested. The purist of mineral water with less salt than the town water.

    Ok I'm prepared to offer some home brew only because I know you ( as a teetotaller) won't drink much:D.
     
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  12. El Caballo

    El Caballo Member

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    Even funnier !!!
     
  13. twisted strategies

    twisted strategies Well-Known Member

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    * Ever spent a 9 month sojourn overseas?*

    nope !! closer to 9 weeks and $9000 ( not counting air fares , but that was the early 90s )
     
  14. El Caballo

    El Caballo Member

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    Then perhaps its time ..... ???
     
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  15. twisted strategies

    twisted strategies Well-Known Member

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    not a hope !

    the Customs at local airport probably still remember me ,

    arrive at airport

    anything to declare .... YEP this crappy penknife in a leather case ...

    WHERE THE F57$ WAS THAT ????

    in my pants pocket like it has been all through UK , Europe and Hong Kong

    some rant about it being dangerous ....

    not unless i take a run-up and bowl over arm ....

    i am half Kiwi and can pick a North Island accent at 10 paces

    he was still choking when i left but i got to keep the pen-knife and case