Poacher turned gamekeeper changes his wealth model

Discussion in 'Share Investing Strategies, Theories & Education' started by Nodrog, 16th Jan, 2020.

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  1. Nodrog

    Nodrog Well-Known Member

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    Poacher turned gamekeeper changes his wealth model
     
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  2. willair

    willair Well-Known Member Premium Member

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    Quote ..

    Let's start with a very simple fact. The ASX200 Price Index climbed from 6,802 on 31 December 2019 to 7,042 on 10 January 2020, a rise of 3.5% in 10 days.

    Not a single soul across the industry has done anything to achieve that result, their costs have not gone up by a single cent and yet most of their fee income has gone up by circa 3.5% (acknowledging that some business models use a flat annual fee).

    Is that fair? No. Is it reasonable? No. Is it under attack? Yes.
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    Thanks for the link, this person sounds like someone who has enjoyed an adrenalin rush from deal making..

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    quote..
    Rob is now long and happily retired, and he says, “Those writing about retirees are never actually retired - the thoughts and fears are different and they change over time.”
     
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