Cyprus-Forum.com

[Pyrpolizer]

No its not!

I have been in the stock market non stop since 1992 till this very day. I have seen it all. And I have seen my investments generally grow and outperform other sectors.

In 1992, the Australian Government introduced the Super Annuation Pension Scheme and every Australian has a Super Account. This pool of money rolls over continuously and even brings money into Australia through the profits of the big corporates.

It is a system that is heralded by many countries, including the ECB, IMF and many EU countries as well as the USA to be arguably the best in the world. There may be other countries that also do well, like Japan, Norway and Denmark perhaps, but the Aussie Super System is heralded to be the international benchmark.

It was bought in to ensure Australia's economy remains competitive and to free the Government from a crippling deficit from an unsustainable welfare system due to a rapidly ageing population.

In other words, this is what you will need to get use to, if your Government doesn't come up with something similar before there are more pensioners than taxpayers.

You have seen nothing. Your super funds is a classic example of thriving stocks because of what goes in is much higher than what goes out.
From 1992 when they were fully implemented, to date it's only 26 years. They are currently sucking money from the entire working population from the age of 20 to 67 which is a 47 years span. Wait until 2039 when the time comes when what goes in starts getting equal to what goes out.

Yes by that time you will all be looking around like fools. Sure the Queen will be sending you cans of cat food.

The Cypriots are survivors my dear.We passed through a million hardships and we never yielded. Contrary to you down there in Australia who only know of committing suicides.That's what you will be doing en mass in 2039 if not earlier.

[Paphitis]

No, what goes out is much higher than what goes on.

The fact is that a Balanced Super Fund returns about 8% per annum since inception.

An aggressive stocks only fund returns about 12% per annum average each year.

So, $100 ends up being $112 after 12 months and so on and it is all compound.

Now, I really am not sure what the anxiety levels or depression levels of Australians has to do with the stock market or shares.

Australia is a fast country. Much faster and more economically competitive and more modern than Cyprus.

But at the same time, I doubt there is more depression than in Cyprus especially since you went tits up. Depression and suicide is a global pandemic. And I guarantee that Australia is better placed to deal with it than Cyprus is because there is a lot of infrastructure here, plus free healthcare, plus top notch hospitals and medical care.

They kind of stuff Australia will still be able to provide well into the future because of the Australian Super Scheme in self funded retirement. These are the things Cyprus would not be able to provide if it doesn't modernize its economy like many western countries like Australia have.

[Pyrpolizer]

If they are not, then why do Banks offer marginal loans against my share portfolio? They lend up to 80% so that is recognition by the Bank of the value of the portfolio.

Banks like the Commonwealth Bank which is a top 200 company on the planet with a market cap of $350 billion.

Do you think our Banks are stupid? This isn't Cyprus here.

These banks are major institutions and they know the stock market. In fact, this Bank runs CommSec which is their Securities Branch. This is where I trade shares at a cost of $17 per trade. This is how much they charge.

They trade securities as well through their managed fund brokers.

No you are the stupid one not the Banks. The banks know exactly what they are doing.
Go take a loan from the Bank against your portfolio in 2039 and you will see what happens. We will be sending you halloumia to survive by then.

[Paphitis]

If they are not, then why do Banks offer marginal loans against my share portfolio? They lend up to 80% so that is recognition by the Bank of the value of the portfolio.

Banks like the Commonwealth Bank which is a top 200 company on the planet with a market cap of $350 billion.

Do you think our Banks are stupid? This isn't Cyprus here.

These banks are major institutions and they know the stock market. In fact, this Bank runs CommSec which is their Securities Branch. This is where I trade shares at a cost of $17 per trade. This is how much they charge.

They trade securities as well through their managed fund brokers.

No you are the stupid one not the Banks. The banks know exactly what they are doing.
Go take a loan from the Bank against your portfolio in 2039 and you will see what happens. We will be sending you halloumia to survive by then.

Do they? They take secutity over your stocks.

If they go down, they can only go your security against that loan.

yes the Banks know what they are doing alright and they want their customers to do well. There super fund, whilst expensive also returns about 8% for the balance Funds and 12% for aggressive stock market funds. The Commonwealth Bank would be one of the largest fund managers.

The wealthier its customer base is, the more loans they can absorb and the more profit they will make.

Now, the stupid one is you who has absolutely know idea on how the stock market works.

[Pyrpolizer]

No, what goes out is much higher than what goes on.

The fact is that a Balanced Super Fund returns about 8% per annum since inception.

An aggressive stocks only fund returns about 12% per annum average each year.

So, $100 ends up being $112 after 12 months and so on and it is all compound.

Now, I really am not sure what the anxiety levels or depression levels of Australians has to do with the stock market or shares.

Australia is a fast country. Much faster and more economically competitive and more modern than Cyprus.

But at the same time, I doubt there is more depression than in Cyprus especially since you went tits up. Depression and suicide is a global pandemic. And I guarantee that Australia is better placed to deal with it than Cyprus is because there is a lot of infrastructure here, plus free healthcare, plus top notch hospitals and medical care.

They kind of stuff Australia will still be able to provide well into the future because of the Australian Super Scheme in self funded retirement. These are the things Cyprus would not be able to provide if it doesn't modernize its economy like many western countries like Australia have.

You are NOT ALLOWED to get anything out of your Supers until you reach the age of 67! Fullstop.

[Get Real!]

I could hear the Tseri church bells ringing to signal a death since morning… something to do with the global stock market I suspect.

[Get Real!]

You are NOT ALLOWED to get anything out of your Supers until you reach the age of 67! Fullstop.

I can get mine from Australia having left the country permanently.

My wife keeps nagging me to bring it over but I enjoy looking at the compounding interest...

[Pyrpolizer]

If they are not, then why do Banks offer marginal loans against my share portfolio? They lend up to 80% so that is recognition by the Bank of the value of the portfolio.

Banks like the Commonwealth Bank which is a top 200 company on the planet with a market cap of $350 billion.

Do you think our Banks are stupid? This isn't Cyprus here.

These banks are major institutions and they know the stock market. In fact, this Bank runs CommSec which is their Securities Branch. This is where I trade shares at a cost of $17 per trade. This is how much they charge.

They trade securities as well through their managed fund brokers.

No you are the stupid one not the Banks. The banks know exactly what they are doing.
Go take a loan from the Bank against your portfolio in 2039 and you will see what happens. We will be sending you halloumia to survive by then.

Do they? They take secutity over your stocks.

If they go down, they can only go your security against that loan.

yes the Banks know what they are doing alright and they want their customers to do well. There super fund, whilst expensive also returns about 8% for the balance Funds and 12% for aggressive stock market funds. The Commonwealth Bank would be one of the largest fund managers.

The wealthier its customer base is, the more loans they can absorb and the more profit they will make.

Now, the stupid one is you who has absolutely know idea on how the stock market works.

I am proud to know the basics of how the stock market works.
And I pity you because you are basically a sucker who beleives anything they serve him ready on the plate. Don't complain that nobody warned you. When the time comes you will be eating shit wrapped in tortillas.

[Paphitis]

No, what goes out is much higher than what goes on.

The fact is that a Balanced Super Fund returns about 8% per annum since inception.

An aggressive stocks only fund returns about 12% per annum average each year.

So, $100 ends up being $112 after 12 months and so on and it is all compound.

Now, I really am not sure what the anxiety levels or depression levels of Australians has to do with the stock market or shares.

Australia is a fast country. Much faster and more economically competitive and more modern than Cyprus.

But at the same time, I doubt there is more depression than in Cyprus especially since you went tits up. Depression and suicide is a global pandemic. And I guarantee that Australia is better placed to deal with it than Cyprus is because there is a lot of infrastructure here, plus free healthcare, plus top notch hospitals and medical care.

They kind of stuff Australia will still be able to provide well into the future because of the Australian Super Scheme in self funded retirement. These are the things Cyprus would not be able to provide if it doesn't modernize its economy like many western countries like Australia have.

You are NOT ALLOWED to get anything out of your Supers until you reach the age of 67! Fullstop.

That is the whole point.

The Super Fund is an investment for your retirement! It is like your savings nest egg.

Your very first dollor goes in when you start flipping burgers at the age of 14. That very first dollar would be $128 at the age of 63 and $192 by the age of 67.

That is the beauty of it. it is making sure people have something to retire on.

Paul Keating was not stupid when he said that Australia in all likelihood will not be able to provide pensions in the future because the welfare system would be unsustainable. He was very astute.

I sacrifice into my Super because I get about $10,000 in tax credits for doing so. I won't be able to get the money and even if I don't make it to 67, I have put it away for my children to enjoy.

[Paphitis]

You are NOT ALLOWED to get anything out of your Supers until you reach the age of 67! Fullstop.

I can get mine from Australia having left the country permanently.

My wife keeps nagging me to bring it over but I enjoy looking at the compounding interest...

Well done! What you are doing is very smart.

If you withdraw today, you will end up with x.

In seven years it is worth 2x and so on and so on.

Also, now is the time to go full agrgressive with the latest stock corrections. This is the time to buy stocks at bargain prices.