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29-08-2018, 06:08 PM
#11211
Possibly "Fake News" but I hear a good number of people reach 65 with a mortgage on their home,while the lucky ones have repaid it.
It also appears the average amount people have invested in the share market is about $30,000.
These are "well off" people.
A huge amount of people need to work well past retirement age,
Yes REL business is small fry compared to usual house mortgages.
Yes I agree there is MASSIVE scoop for growth in the years ahead for RELs.
Australia and NZ have seen,and are seeing people living in 500,000 to $1.5mil homes without the income to afford any standard of living, after paying rates,insurance and power.
RELs give them a live.Freedom to stay in their home ,and enjoy some of their capital,which after all is theirs' to do with whatever they want to.Travel,home improvements,medical procedure,grand daughter's university fees,or even heat the old house to a liveable temperature.
It is in governments interests to keep old people in their own home, and that is why governments support RELs.
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29-08-2018, 08:49 PM
#11212
[QUOTE=percy;727114]Possibly "Fake News" but I hear a good number of people reach 65 with a mortgage on their home,while the lucky ones have repaid it.
It also appears the average amount people have invested in the share market is about $30,000.
These are "well off" people.
A huge amount of people need to work well past retirement age,
Yes REL business is small fry compared to usual house mortgages.
Yes I agree there is MASSIVE scoop for growth in the years ahead for RELs.
Australia and NZ have seen,and are seeing people living in 500,000 to $1.5mil homes without the income to afford any standard of living, after paying rates,insurance and power.
RELs give them a live.Freedom to stay in their home ,and enjoy some of their capital,which after all is theirs' to do with whatever they want to.Travel,home improvements,medical procedure,grand daughter's university fees,or even heat the old house to a liveable temperature.
It is in governments interests to keep old people in their own home, and that is why governments support RELs.[/QUOTEG
Good post I think RELs will become mainstream in a few years, I think this part of the business has huge potential.
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31-08-2018, 08:37 AM
#11213
The old diversidy target not working too well for Labour at the moment. Two ministers down. Both women. Just goes to show women in power can be equally as incompetent as men. Hopefully corporations are taking this on board and reflecting that proven merit should be the sole criteria for any appointment.
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31-08-2018, 08:47 AM
#11214
Farmgate milk price down ...but Opportunity for Heartland as dairy farmers might need more working capital
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-08-2018, 08:49 AM
#11215
Originally Posted by winner69
Farmgate milk price down ...but Opportunity for Heartland as dairy farmers might need more working capital
lol that's Beagle bait plain and simple
Last edited by Beagle; 31-08-2018 at 09:13 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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31-08-2018, 08:50 AM
#11216
I am looking forward to catching up with deputy CEO Chris Flood, and CFO David Mackrell,on Monday the 10th September,at Heartland's "Retail Investor Roadshow."
I appreciate these presentations.Always learn something.
Thanks in advance Heartland for taking the trouble.
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31-08-2018, 08:55 AM
#11217
Originally Posted by percy
I am looking forward to catching up with deputy CEO Chris Flood, and CFO David Mackrell,on Monday the 10th September,at Heartland's "Retail Investor Roadshow."
I appreciate these presentations.Always learn something.
Thanks in advance Heartland for taking the trouble.
Better read the book before you go
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-08-2018, 08:57 AM
#11218
Originally Posted by Beagle
lol that's Beagle bait plain and simple
Better than minimoke baiting re diversity
At least he only referred to gender and kept race out of it
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-08-2018, 09:00 AM
#11219
Originally Posted by winner69
Better than minimoke baiting re diversity
At least he only referred to gender and kept race out of it
lol that was very wise.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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31-08-2018, 09:06 AM
#11220
Originally Posted by winner69
Better read the book before you go
Have done so,including foot notes a certain "legend" missed.!..lol.
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