flower-shilling

BlackRock & Aladdin (or why I don't touch shares)

Smithys Bullion - FINE GOLD AND SILVER
I bought some mining shares yesterday. Strangely Blackrock is not one of the top shareholders in one of the companies I bought. Anyway, the shares were up 7.03% at the end of yesterday and are up 13% in total today.
 
ozcopper said:
I bought some mining shares yesterday. Strangely Blackrock is not one of the top shareholders in one of the companies I bought. Anyway, the shares were up 7.03% at the end of yesterday and are up 13% in total today.
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When I wound down my SMSF, I dumped it all into a managed fund that allowed me to allocate it to gold / silver ETFs, and shares in the larger gold / silver miners.

I really don't expect to ever see any of my super. I expect the gov will find a way to extract it well before I ever retire. Only if I die early will my family get it. But it'll be interesting to see where the miners go.
 
Extraction of wealth from productive workers

. university/HECS
. payg withholding
. can invest in property but extract via stamp duty, rates and income tax
. encourage them to contribute to super
. tax super going in, during and maybe exit
. ensure most of super goes to listed companies that you influence
. provide wealth management services to super for a small fee
. death tax on super allocated to non dependent beneficiaries
. end game - unexpected emergency - special super levy to help the nation
 
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