ROD PETRICEVIC - BRIDGECORP

[warthog]

quote:Originally posted by bermuda

Warthog,
That will always be my decision.If my gut feeling tells me not to invest, I dont bother even researching it.
Good luck to Hawkins, he has done his time and I wish him well...but he aint getting any of my money.

And he, presumably, won't be making or losing any money for you.

But that's OK - there are plenty of people who deem the opportunity to be there given the record.

Disclosure: the hog has no direct or indirect financial interest in CYT

[cantab]

A bit after the 1987 share market crash the firm I worked for had many millions invested in money market deposits with the trading banks, also some millions with Equiticorp which gave a slightly higher interest rate. The boss went on holiday and because I felt uneasy about Equiticorp I withdrew all that money and placed it with the banks. We never deposited money with Equiticorp again and a couple of months later Equiticorp fell over. [^]

There are only five options for my money, namely:

Westpac

ANZ/National

BNZ

ASB

Kiwibank

[Elwood]

I work in the financial advice and insurance industry and do not ave any clients invetsed in finance Companies. It was a struggle at times to convince clients not to place their funds with them. My simple premise was that the chance of loss was far too high for the meagre premium they were offering.
Unfortunately most people (and I do not include anyone reading these forums) simply see a slightly higher interest rate, see a rating of some sort and beleive it is safe.

[bear]

cantab

you've forgotten about Rabobank perhaps safer than the ones mentioned plus a great interest rate

bear

[bermuda]

quote:Originally posted by cantab

A bit after the 1987 share market crash the firm I worked for had many millions invested in money market deposits with the trading banks, also some millions with Equiticorp which gave a slightly higher interest rate. The boss went on holiday and because I felt uneasy about Equiticorp I withdrew all that money and placed it with the banks. We never deposited money with Equiticorp again and a couple of months later Equiticorp fell over. [^]

There are only five options for my money, namely:

Westpac

Cantab,
Well done.
I hope you were well rewarded but I suppose in the Corporate world your boss took the credit. Such is life.
ANZ/National

BNZ

ASB

Kiwibank

[Crypto Crude]

quote:cantab-There are only five options for my money, namely:

Westpac

ANZ/National

BNZ

ASB

Kiwibank

hey cantab,
there are only three options I have with my money..... NWE, TEX, NZOOD...

.^sc

[Contrarian]

Gidday
Gees Temuk get out of those financial co's & into Rabo,ASB & offshore.
All Imho

[cantab]

Bermuda, subsequent salary reviews were always nice. []

Shrewdie, good luck to you. I was only talking about my beer money, there is no way I am puting that in a finance company.

[Hoop]

Remember that all finance companies are not created equal. There are some very good ones around e.g AMP

[cantab]

quote:Originally posted by Hoop

Remember that all finance companies are not created equal.

Agree, however if I need to borrow I go to a bank not a finance company because the interest rate charged is a lot lower.

With the bank I know that they will let me break a term deposit early.