Any views about BlueChip NZ

[shasta]

Quite often, the reality is that these "professional advisers" are just salespeople for Blue Chip. A simple scratch at the surface should have given this away...

So that's where the money went!

http://www.nzherald.co.nz/section/1/...ectid=10496981

[patsy]

Prime Minister called on to Freeze Blue Chip:

http://www.scoop.co.nz/stories/BU0803/S00264.htm

Unless the whole Blue Chip saga is left to be undone without interference, no financial discipline or lessons for future self-made, would-be investors will ever be learned. Mortgaging one's own home to fund leveraged deals on the basis of the usual cliches "property never drops in price", "unlock the equity in your home", and other nonsense repeated ad nauseam by Sunday papers, is no excuse for financial illiteracy. Ignorance is not bliss.

[Steve]

And how long would you want a FREEZE on for? Until the property market recovers to minimise the investors losses? Why drag it out, let them take the hit and get on with their lives...

[patsy]

And how long would you want a FREEZE on for?

I'm not sure if you are referring to me or to the article I posted. I do not support any freeze or rescue measure at all. If the so-called Blue Chip "investors" lose their shirts, so be it. They have only themselves to blame for - no matter how slick or unethical the selling techniques were, they ultimately made the decision.

PS: I think that ING investors should also call on the PM to force ING to accept withdrawals from the two funds that temporarily canceled redemptions..... F F's S

[Steve]

I'm not sure if you are referring to me or to the article I posted.
...
PS: I think that ING investors should also call on the PM to force ING to accept withdrawals from the two funds that temporarily canceled redemptions..... F F's S

I was referring to the article that you posted.

PPS: Why don't those who become addicted to gambling machines call on the PM to make the machine operators give them their losses back? After all, gaming machines also cause financial loss and associated hardship to a proportion of Joe Pubilc, just like being an investor in Blue Chip...

[Arbitrage]

Where is Mark Bryers?

[Steve]

Where is Mark Bryers?

See post #31? - Blue Chip co-founder's brothel visits

[Steve]

huge proportion kiwis have leverage their homes in multi residenrtal projects have never seen a property deflation they are goin to see banks pulling in loans as equity evaporates

That's true for the younger investors. However, I would have thought that the older investors would have remembered the property declines of the late 90s, late 80s and before...

Blinded by GREED?!

[Tok3n]

huge proportion kiwis have leverage their homes in multi residenrtal projects have never seen a property deflation they are goin to see banks pulling in loans as equity evaporates

My generation (generation Y) can be funny at times

I know quite a few with 2-3 properties, always go on about how much their properties are worth, but don't have enough cash for things like a new toaster etc !?

I think this nation's obsession with property and generations Y's ultra bullish attitude towards property investment means we're never going to see any form of property crash, 5% declined at most I think.

Interesting documentary on currently about Blue Chip, have to feel sorry for the older generation.

[Dr_Who]

Where is Mark Bryers?

Eating crayfish and drinking bottles of Dom with his harem of hookers at the million dollar holiday bach.

It must take many years of practice to lie and not show it on the face. Must be the Botox treatment 2 hrs prior to the interview.

Did anyone watch TV program Sunday yesterday?