ASX at interesting levels

4 years ago
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Pugwash
Pugwash
WA
7733 posts
WA, 7733 posts
23 Sep 2021 7:21pm
So, you think the enemy (your word, not mine. A foolish choice of word), would only target Australia because Australia has submarines.

The enemy (your word, not mine) could target Australia regardless.

[Insert some witless words about brains and brain cells as personal insults to close post].
Macroscien
Macroscien
QLD
6809 posts
QLD, 6809 posts
23 Sep 2021 9:28pm
Pugwash said..
So, you think the enemy (your word, not mine. A foolish choice of word), would only target Australia because Australia has submarines.

The enemy (your word, not mine) could target Australia regardless.

[Insert some witless words about brains and brain cells as personal insults to close post].


nope,
just take a nap, Pugwash
get good sleep,
and dream how good could be life with all friends around
not enemies
Pugwash
Pugwash
WA
7733 posts
WA, 7733 posts
23 Sep 2021 7:35pm
Macroscien said..

Pugwash said..
So, you think the enemy (your word, not mine. A foolish choice of word), would only target Australia because Australia has submarines.

The enemy (your word, not mine) could target Australia regardless.

[Insert some witless words about brains and brain cells as personal insults to close post].



nope,
just take a nap, Pugwash
get good sleep,
and dream how good could be life with all friends around
not enemies


We get the point macro. Your strongly dislike Australia's position and celebrate, with glee, your CCP.
Macroscien
Macroscien
QLD
6809 posts
QLD, 6809 posts
23 Sep 2021 9:58pm
Pugwash said..


Macroscien said..



Pugwash said..
So, you think the enemy (your word, not mine. A foolish choice of word), would only target Australia because Australia has submarines.

The enemy (your word, not mine) could target Australia regardless.

[Insert some witless words about brains and brain cells as personal insults to close post].





nope,
just take a nap, Pugwash
get good sleep,
and dream how good could be life with all friends around
not enemies




We get the point macro. Your strongly dislike Australia's position and celebrate, with glee, your CCP.



OOOOOOOh,
can't you sleep by now Pugwooosh?
It is not like WHOLE AUSTRALIA 24 bln hating suddenly for not obvious reason 1,500 billion people\ or remaining 8,000 bln on the planet.
You have been indoctrinated to think so
get a good sleep
and tomorrow
you are again wake up tp
to conquer the whole worlds
whether you do
construction and building
merchants and selling
office clerks
not likely farmer

windsurfing/ kite/ sail instructor
you will feel much better
then fighting Marco that is your friend not enemy ........
bye Pugwash
sleep well
Pugwash
Pugwash
WA
7733 posts
WA, 7733 posts
23 Sep 2021 8:28pm
Macroscien said..


Pugwash said..




Macroscien said..





Pugwash said..
So, you think the enemy (your word, not mine. A foolish choice of word), would only target Australia because Australia has submarines.

The enemy (your word, not mine) could target Australia regardless.

[Insert some witless words about brains and brain cells as personal insults to close post].







nope,
just take a nap, Pugwash
get good sleep,
and dream how good could be life with all friends around
not enemies






We get the point macro. Your strongly dislike Australia's position and celebrate, with glee, your CCP.





OOOOOOOh,
can't you sleep by now Pugwooosh?
It is not like WHOLE AUSTRALIA 24 bln hating suddenly for not obvious reason 1,500 billion people\ or remaining 8,000 bln on the planet.
You have been indoctrinated to think so
get a good sleep
and tomorrow
you are again wake up tp
to conquer the whole worlds
whether you do
construction and building
merchants and selling
office clerks
not likely farmer

windsurfing/ kite/ sail instructor
you will feel much better
then fighting Marco that is your friend not enemy ........
bye Pugwash
sleep well



Indoctrinated? Like school texts of Xi Jinping thought, whilst we were all reading Winnie the Pooh as children. Oh, I see your point.

I lose.
Macroscien
Macroscien
QLD
6809 posts
QLD, 6809 posts
23 Sep 2021 10:42pm
Pugwash said..

Macroscien said..



Pugwash said..





Macroscien said..






Pugwash said..
So, you think the enemy (your word, not mine. A foolish choice of word), would only target Australia because Australia has submarines.

The enemy (your word, not mine) could target Australia regardless.

[Insert some witless words about brains and brain cells as personal insults to close post].








nope,
just take a nap, Pugwash
get good sleep,
and dream how good could be life with all friends around
not enemies







We get the point macro. Your strongly dislike Australia's position and celebrate, with glee, your CCP.






OOOOOOOh,
can't you sleep by now Pugwooosh?
It is not like WHOLE AUSTRALIA 24 bln hating suddenly for not obvious reason 1,500 billion people\ or remaining 8,000 bln on the planet.
You have been indoctrinated to think so
get a good sleep
and tomorrow
you are again wake up tp
to conquer the whole worlds
whether you do
construction and building
merchants and selling
office clerks
not likely farmer

windsurfing/ kite/ sail instructor
you will feel much better
then fighting Marco that is your friend not enemy ........
bye Pugwash
sleep well




Indoctrinated? Like school texts of Xi Jinping thought, whilst we were all reading Winnie the Pooh as children. Oh, I see your point.

I lose.


You are a smart man, Pugwash \
we all know what is Winnie the Pooh for
I trust in you
UncleBob
UncleBob
NSW
1309 posts
NSW, 1309 posts
24 Sep 2021 9:04am
Love it when one doesn't realise that if the roles were reversed, that is if Micro was in china slagging china then he would be sent for re-education, not as it is here where he has freedom to spout forth as he wishes, governed (in theory) only by societies boundries.
eppo
eppo
WA
9789 posts
WA, 9789 posts
24 Sep 2021 7:58am
Another thread off the rails lol ..
Pugwash
Pugwash
WA
7733 posts
WA, 7733 posts
24 Sep 2021 10:15am
eppo said..
Another thread off the rails lol ..


Such linear thinking. Threads don't run on rails. They run on chaos.
UncleBob
UncleBob
NSW
1309 posts
NSW, 1309 posts
24 Sep 2021 12:16pm
eppo said..
Another thread off the rails lol ..


Nah, its updated itself and gone into hover mode, no rails required.
evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
24 Sep 2021 12:54pm
On 01/02/2000 The ASX (AU200) was around $3,000.

22 years later it is at $7,000
It would be reasonable to expect it might be at $6,000 in 2025.
25 years to double.

At what point was the ASX ever a buy???

Its 20 year return is just barely above inflation. The ASX is terrible investment. You could have picked a basket of anything else, and done better. Anything.

You would have made more in cash, by not investing at all.
GreenPat
GreenPat
QLD
4103 posts
QLD, 4103 posts
24 Sep 2021 1:01pm
Macroscien said..

Which is good, because sending our subs to arctic ice sheet could be very unpleasant.
Very cold there I was told, water is - 70 Celsius cold


Water is at its densest at approximately 4 degrees C. Colder water than that tends to rise to the surface and eventually freezes if it gets cold enough. There is not usually water colder than 0 C anywhere in the ocean. The freezing point can be lowered below 0 with increased pressure or additives, but that doesn't happen in the ocean.
Macroscien
Macroscien
QLD
6809 posts
QLD, 6809 posts
24 Sep 2021 1:09pm
GreenPat said..





Macroscien said..

Which is good, because sending our subs to arctic ice sheet could be very unpleasant.
Very cold there I was told, water is - 70 Celsius cold







Water is at its densest at approximately 4 degrees C. Colder water than that tends to rise to the surface and eventually freezes if it gets cold enough. There is not usually water colder than 0 C anywhere in the ocean. The freezing point can be lowered below 0 with increased pressure or additives, but that doesn't happen in the ocean.






Chemically water at negative seventy Celcius remains still the same.
Liquid, solid or gaseous, still remain only water


but what is very funny indeed that
we could have a block of ice 450 Celcius Hot !!!



During my trip to Norway, I did visit a very interesting museum. A ship specifically designed and build to be frozen into ice sheet,
Then travel for a year or more with all the crew onboard doing research ( and playing cards from boredom I guess too)


frammuseum.no/polar-history/vessels/the-polar-ship-fram/


I can imagine how fascinating for our submariners could be to allow themselves to be frozen and incorporated into the middle ice sheet, half a km below the surface. Spend a year or five, getting warm from a nuclear reactor.



en.wikipedia.org/wiki/Endurance_(1912_ship)





GreenPat
GreenPat
QLD
4103 posts
QLD, 4103 posts
24 Sep 2021 2:14pm
Ahh, technicality. Yes, frozen water is still water. Looking back you mention "arctic ice sheet" in separate sentence, close enough to deceive the unwary into distinguishing the following "water" as liquid.
evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
24 Sep 2021 8:16pm
FlySurfer said..







Watched this the other night.

Fook I hate China. Their whole approach and attitude comes off as grossly immature, always. China is a giant baby.

Why did we ever let these dickheads into the club? They got drunk on one ginger beer and are throwing tantrums about anything.

Boo hoo; we hurt China's baby feelings.

So now we're a nuclear target. Whoop-dee-****ing-do.

1) if there were a nuclear war i'd much rather die in the first flash, thank you.
2) We always were a target. D'uh.
3) If they bomb Sydney they'll kill 1m Chinese., and wipe out billion$ in Chinese investment. Bravo!
evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
24 Sep 2021 8:27pm
japie said..
Money printing machine under complete control

m.facebook.com/story.php?story_fbid=136077071994530&id=1048270117&sfnsn=scwspwa


What the world needs is a money that no central or reserve bank nor government can control, that can't be used to print money as a temporary solution; kick the can further down the road past the next election.

A money with a fixed, unchangeable supply, where everyone is their own bank.

[cough bitcoin cough]

But it's not backed by anyone or anything!


Exactly!
Macroscien
Macroscien
QLD
6809 posts
BlueMoon
BlueMoon
866 posts
866 posts
26 Sep 2021 6:37am
evlPanda said..

japie said..
Money printing machine under complete control

m.facebook.com/story.php?story_fbid=136077071994530&id=1048270117&sfnsn=scwspwa



What the world needs is a money that no central or reserve bank nor government can control, that can't be used to print money as a temporary solution; kick the can further down the road past the next election.

A money with a fixed, unchangeable supply, where everyone is their own bank.

[cough bitcoin cough]


But it's not backed by anyone or anything!



Exactly!


The problem with bitcoin is its not an easy medium of exchange (yet), central banks dont want to lose the $ as the medium of exchange, as they can just print more when needed. Bitcoin also relies on energy to access it.
What about precious metal, gold and silver?...unless govt make it illegal to hold G&S as was the case I think before the 1970's in the US.
japie
japie
NSW
7146 posts
NSW, 7146 posts
28 Sep 2021 1:00pm
I reckon the success of Project Dunbar is going to determine the future of money.

Hopefully it will be an abject failure but I have my doubts.
eppo
eppo
WA
9789 posts
WA, 9789 posts
29 Sep 2021 7:36am
Yeh think ya right japie.
myscreenname
myscreenname
2446 posts
2446 posts
29 Sep 2021 7:49am
What makes you think Project Dunbar is the future of money?

Tech has been around for over a decade, why that particular project?
Mr Milk
Mr Milk
NSW
3137 posts
NSW, 3137 posts
29 Sep 2021 10:03am
www.bosshunting.com.au/hustle/cryptocurrency-trading-hamster-warren-buffett-sp-500/

Crypto-Trading Hamster Has Quietly Outperformed Warren Buffett For Months

In case anyone needed a quick reminder about the ridiculous state of modern-day investing, allow us to introduce you to Mr Goxx. Despite his rather proper name, Mr Goxx isn't even a human being. he's a goddamn hamster based in Germany who has been independently "trading" cryptocurrency since June 12th to a certain degree of success. In fact, given the 24% return on his entire portfolio as of last Friday, Mr Goxx the hamster has actually been outperforming both legendary investor Warren Buffett as well as the S&P 500 across the same period.The question on everyone's lips right about now is, "How can a literal rodent be running laps around the CEO of Berkshire Hathaway?" As much as it may break your heart to hear, no - this isn't a Flowers For Algernon situation, nor a borderline uncomfortable instance of a furry, human-like friend who gets picked for adoption over actual children in an orphanage and speaks with Michael J. Fox's voice. It all comes down to a tongue-in-cheek bit of innovation from Mr Goxx's unidentified caretaker/business partner dubbed the "Goxx Boxx."










japie
japie
NSW
7146 posts
NSW, 7146 posts
29 Sep 2021 3:12pm
myscreenname said..
What makes you think Project Dunbar is the future of money?

Tech has been around for over a decade, why that particular project?



Look who is driving it. Those chaps get what they set out to get.

Edit

bitcoinist.com/the-bis-wants-absolute-control-of-your-money-via-central-bank-digital-currencies/
myscreenname
myscreenname
2446 posts
2446 posts
29 Sep 2021 7:20pm
japie said..
Look who is driving it.

It will fail. Look who is driving bitcoin!!!

In a short time frame, this decentralised currency has gained astounding relevance. The next generation are voting with their feet. Can't you see that?

Decentralised currency is the future of money.
myscreenname
myscreenname
2446 posts
2446 posts
29 Sep 2021 7:29pm
Mr Milk said..
www.bosshunting.com.au/hustle/cryptocurrency-trading-hamster-warren-buffett-sp-500/

Crypto-Trading Hamster Has Quietly Outperformed Warren Buffett For Months

In case anyone needed a quick reminder about the ridiculous state of modern-day investing, allow us to introduce you to Mr Goxx. Despite his rather proper name, Mr Goxx isn't even a human being. he's a goddamn hamster based in Germany who has been independently "trading" cryptocurrency since June 12th to a certain degree of success. In fact, given the 24% return on his entire portfolio as of last Friday, Mr Goxx the hamster has actually been outperforming both legendary investor Warren Buffett as well as the S&P 500 across the same period.The question on everyone's lips right about now is, "How can a literal rodent be running laps around the CEO of Berkshire Hathaway?" As much as it may break your heart to hear, no - this isn't a Flowers For Algernon situation, nor a borderline uncomfortable instance of a furry, human-like friend who gets picked for adoption over actual children in an orphanage and speaks with Michael J. Fox's voice. It all comes down to a tongue-in-cheek bit of innovation from Mr Goxx's unidentified caretaker/business partner dubbed the "Goxx Boxx."












Hamster is trading cryptocurrency, Warren Buffet calls cryptocurrency rat poison. (yesterday's hero)

In 2020/2021 crypto has been in massive bull cycle. Unsurprising that even a hamster can do better than WB trading it. Look at the charts ffs!

The innabilitty of some old timers here to see new trends and accept paradime shifts in market behaviour is astounding.

The next generation wants to change what and who controls currencies, largely because it's failing ... The key point is decentralisation.

Once you get a handle on what decentralised currency means, you will also see it's the future.

Invest even a small amount of $1K cryptocurrency today for each potential grand child in the top 5 cryptos. Put it away and keep a casual interest. In 20 years, you will thank me.
eppo
eppo
WA
9789 posts
WA, 9789 posts
29 Sep 2021 7:54pm
Decentralised maybe - but highly centralised in overall control by the big banks eventually.
myscreenname
myscreenname
2446 posts
2446 posts
29 Sep 2021 8:13pm
eppo said..
Decentralised maybe - but highly centralised in overall control by the big banks eventually.


Banks, finance and all their minions see the writing on the wall. They will soon find their straw houses gone. Just like the recording companies did when nabster came along. It's all deravelling in front of us now. Covid is accelerating it.

We are seeing the end of centralised finance and their monopolies, controlled by well established players. New players are already here, with better tech, they will, and are starting to, win the battle of hearts and minds.

Decentralised ledgers are proven to work.

Early days, early days.
japie
japie
NSW
7146 posts
NSW, 7146 posts
30 Sep 2021 7:19am
myscreenname said..

japie said..
Look who is driving it.


It will fail. Look who is driving bitcoin!!!

In a short time frame, this decentralised currency has gained astounding relevance. The next generation are voting with their feet. Can't you see that?

Decentralised currency is the future of money.


I hope you are right. I don't think you appreciate their clout though.

Look at the history. If your great grandfather was told that precious metal would have no relevance in the value of currency he'd have scoffed at the notion. I don't know how old you are but I recall the declaration on R1:00 notes promising to pay the bearer on demand it's value in gold.

Central bank owners have increased their power base through their control of money to the extent that they basically control the world.

And their aim is to have ultimate control as Augustin Carsens articulated.






GreenPat
GreenPat
QLD
4103 posts
QLD, 4103 posts
30 Sep 2021 8:06am
japie said..

I don't know how old you are but I recall the declaration on R1:00 notes promising to pay the bearer on demand it's value in gold.



You're talking about 1 Rand notes there, just to be clear?
Underoath
Underoath
QLD
2434 posts
QLD, 2434 posts
30 Sep 2021 9:43am
evlPanda said..
On 01/02/2000 The ASX (AU200) was around $3,000.

22 years later it is at $7,000
It would be reasonable to expect it might be at $6,000 in 2025.
25 years to double.

At what point was the ASX ever a buy???

Its 20 year return is just barely above inflation. The ASX is terrible investment. You could have picked a basket of anything else, and done better. Anything.

You would have made more in cash, by not investing at all.


Sorry got to call this out. Your statements are factuially incorrect.

You are ignoring income derived from investments (Dividends)

The S&P/ASX 200 index has been one of the best ways to invest and grow your wealth in Australia. With long term returns of about 9.5% per year including market growth and dividends.

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