Fail to plan is plan to fail
July 18th 2006 16:13
A survey by Mercer Wealth Solutions found 95% of more than 800 respondents agreed and accepted responsbility for thier own retirement plans, mostly in badlight. Most people usually have some sort of retirement planning but have no idea how to maximize the best and be financially savvy. People have super but they don't know much about thier fund the report found. This report brings up a point; failing to plan is plan to fail. Sometimes it is just mind boggling to read about financial stuff but then again there are many ways to learn it easy and smooth but taking up some fundmental/intro guide. I actually have a good example of a baby boomer failing to plan a retirement plan and suffering the consequences, which I would write about it in the near future.
The market on 18 July 2006 saw a lacklustre performance as the Mid-East crisis continues to intensify. Market participants are adopting a wait-and-see attitude although the majority of the Australian listed companies are not directly affected by the fighting in the Mid-East. The most potent threat remains with the skyhigh oil prices as the worse case scenario from the conflict is yet to be seen, that is, if other Arab nations join in the fray against Israel, oil supply could be distrupted and create havoc.
Personally, I don't think the conflict will last long. Time will tell.
Cudeco (formerly AMI) shares yesterday lost a market value of $425 million over the last two days standing at $2.75 from a high of $10.00 on July 5th for overestimating a copper mine in Rocklands, Queesland. Remember, if you raised capital from the public, the public can punish you if you treat them bad. It's thier money afterall.
Cudeco are making the talks in town but on the other side of the globe, the US financial pages are detailing the issue of companies back-dating options which are making the talks there. In other words, executives are exploiting options granted to make maximum capital gain by back-dating those options when the share price was far lower than it was on the actual date of grant. Watch this space on options back-dating.
Money does indeed make people do all sort of funny things. Until then, pray for peace.
The market on 18 July 2006 saw a lacklustre performance as the Mid-East crisis continues to intensify. Market participants are adopting a wait-and-see attitude although the majority of the Australian listed companies are not directly affected by the fighting in the Mid-East. The most potent threat remains with the skyhigh oil prices as the worse case scenario from the conflict is yet to be seen, that is, if other Arab nations join in the fray against Israel, oil supply could be distrupted and create havoc.
Personally, I don't think the conflict will last long. Time will tell.
Cudeco (formerly AMI) shares yesterday lost a market value of $425 million over the last two days standing at $2.75 from a high of $10.00 on July 5th for overestimating a copper mine in Rocklands, Queesland. Remember, if you raised capital from the public, the public can punish you if you treat them bad. It's thier money afterall.
Cudeco are making the talks in town but on the other side of the globe, the US financial pages are detailing the issue of companies back-dating options which are making the talks there. In other words, executives are exploiting options granted to make maximum capital gain by back-dating those options when the share price was far lower than it was on the actual date of grant. Watch this space on options back-dating.
Money does indeed make people do all sort of funny things. Until then, pray for peace.
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