Cyprus-Forum.com

[Paphitis]

Unlike gambling that relies exclusively on luck? Trading requires research plenty of it.
Knowing the company's true value and not just MC, knowing and watching trading volume and knowing the average daily amount is a must. I do not gamble, I speculate "calculatively" I set my Sell point whether up or down, I do not do blue chip stocks, I read, I listen , I listen and then I act.
Im telling you now that by this coming Thursday Tomtom will rise substantially.
Could I be wrong ? Of course , but not on this, Im running short of ....wine !!
Remember I have tipped Ripple XRP.
Not one for a quick in and out trip but one to sit on for a least a year.

Erm... not exactly. In fact most gambling activities include both luck and skill. E.g. Poker.
It's still classified as gambling though.

No it isn't.

Stock Market is a valid financial industry that is regulated by the Governments Financial Services Act and the Securities and Investments Commission.

Buying shares is like buying a stake in a valid business entity and going concern and you also get voting rights at the AGM. You also have a share in the profits in the form of a dividend payment that is franked (company tax already paid for you by the company).

It isn't gambling.

Like I said if you think it's not gambling, you together with Milti may join forces and "invest" all your money in the Stock markets. Do all the study you like and then "invest".
For me it's a high risk-low reward activity, and if not technically classified as gambling, imo it's close enough to keep me out of it.

Millions of people invest in the stock market every day.

You can control your risk and the rewards are the high. For instance, buying a Blue Chip Bank, or stocks in Apple, Microsoft is not that risky at all.

It destroys Bank Interest and it outperforms property.

[Paphitis]

Unlike gambling that relies exclusively on luck? Trading requires research plenty of it.
Knowing the company's true value and not just MC, knowing and watching trading volume and knowing the average daily amount is a must. I do not gamble, I speculate "calculatively" I set my Sell point whether up or down, I do not do blue chip stocks, I read, I listen , I listen and then I act.
Im telling you now that by this coming Thursday Tomtom will rise substantially.
Could I be wrong ? Of course , but not on this, Im running short of ....wine !!
Remember I have tipped Ripple XRP.
Not one for a quick in and out trip but one to sit on for a least a year.

Erm... not exactly. In fact most gambling activities include both luck and skill. E.g. Poker.
It's still classified as gambling though.

No it isn't.

Stock Market is a valid financial industry that is regulated by the Governments Financial Services Act and the Securities and Investments Commission.

Buying shares is like buying a stake in a valid business entity and going concern and you also get voting rights at the AGM. You also have a share in the profits in the form of a dividend payment that is franked (company tax already paid for you by the company).

It isn't gambling.

Like I said if you think it's not gambling, you together with Milti may join forces and "invest" all your money in the Stock markets. Do all the study you like and then "invest".
For me it's a high risk-low reward activity, and if not technically classified as gambling, imo it's close enough to keep me out of it.

If only Cyprus had a politician like Paul Keating where it would have made it compulsory for people like you to invest 10% of their money into a Managed Fund (Shares).

Your only problem in Cyprus is that you have the CySec, but if it was compulsory, then the CySec would have a lot more liquidity.

But instead, Cyprus is looking at inevitable bankruptcy due to your ageing population and people living longer.

Countries that are going to survive are the Nordic Scandinavian Countries, and Australia which actually had forward thinking people with the foresight to make their people self fund their retirement.

You won't have a pension Pyro because you can't expect 2 workers to be paying for 5 old farts.

Cat Food out of the tin can for you mate.

[Pyrpolizer]

If only Cyprus had a politician like Paul Keating where it would have made it compulsory for people like you to invest 10% of their money into a Managed Fund (Shares).

Your only problem in Cyprus is that you have the CySec, but if it was compulsory, then the CySec would have a lot more liquidity.

But instead, Cyprus is looking at inevitable bankruptcy due to your ageing population and people living longer.

Countries that are going to survive are the Nordic Scandinavian Countries, and Australia which actually had forward thinking people with the foresight to make their people self fund their retirement.

You won't have a pension Pyro because you can't expect 2 workers to be paying for 5 old farts.

Cat Food out of the tin can for you mate.

Thank God we live in Europe where such fascism coming from some Paul Keatings cannot be enforced on us.
Enjoy your dictatorship all you like, but keep it all for yourselves, we don't need it.

I personally don't rely on whatever pension I will ever get from the Social Security, but I can assure you that the combined pension we will be getting as a couple will be more than yours as a couple in Australia. Simply because here our pension depends on what we were contributing. Unlike your super democratic system where you the great Paphitis will be getting equal pension to that of a garbage collector. Isn't that true Paphitis?

As for the aging population yours is no better in fact it happens everywhere in the world except in 3rd world countries.
Gone are the days each woman was delivering more than 2 children. Today all over Europe including the Scandinavians as well as in Australia and the US is below 2.
Therefore when you will be an old fart you will need more than 1 young person to pay for your pension.

Imo the system worldwide has to change to punish those who don't deliver more than 2 children during their lifetime and reward those who do. I have my views as tho why Governments all over the world want their populations to shrink but that's another story

Oh and btw congrats to your Government. In 2 years time your will not be eligible for a pension unless you are 67 years old.

[MR-from-NG]

If only Cyprus had a politician like Paul Keating where it would have made it compulsory for people like you to invest 10% of their money into a Managed Fund (Shares).

Your only problem in Cyprus is that you have the CySec, but if it was compulsory, then the CySec would have a lot more liquidity.

But instead, Cyprus is looking at inevitable bankruptcy due to your ageing population and people living longer.

Countries that are going to survive are the Nordic Scandinavian Countries, and Australia which actually had forward thinking people with the foresight to make their people self fund their retirement.

You won't have a pension Pyro because you can't expect 2 workers to be paying for 5 old farts.

Cat Food out of the tin can for you mate.

Thank God we live in Europe where such fascism coming from some Paul Keatings cannot be enforced on us.
Enjoy your dictatorship all you like, but keep it all for yourselves, we don't need it.

I personally don't rely on whatever pension I will ever get from the Social Security, but I can assure you that the combined pension we will be getting as a couple will be more than yours as a couple in Australia. Simply because here our pension depends on what we were contributing. Unlike your super democratic system where you the great Paphitis will be getting equal pension to that of a garbage collector. Isn't that true Paphitis?

As for the aging population yours is no better in fact it happens everywhere in the world except in 3rd world countries.
Gone are the days each woman was delivering more than 2 children. Today all over Europe including the Scandinavians as well as in Australia and the US is below 2.
Therefore when you will be an old fart you will need more than 1 young person to pay for your pension.

Imo the system worldwide has to change to punish those who don't deliver more than 2 children during their lifetime and reward those who do. I have my views as tho why Governments all over the world want their populations to shrink but that's another story

Interesting view point. I like it. I'd be interested to read your comments about population control, or lack of it if you like. Good post Pyrpolizer.

[Pyrpolizer]

If only Cyprus had a politician like Paul Keating where it would have made it compulsory for people like you to invest 10% of their money into a Managed Fund (Shares).

Your only problem in Cyprus is that you have the CySec, but if it was compulsory, then the CySec would have a lot more liquidity.

But instead, Cyprus is looking at inevitable bankruptcy due to your ageing population and people living longer.

Countries that are going to survive are the Nordic Scandinavian Countries, and Australia which actually had forward thinking people with the foresight to make their people self fund their retirement.

You won't have a pension Pyro because you can't expect 2 workers to be paying for 5 old farts.

Cat Food out of the tin can for you mate.

Thank God we live in Europe where such fascism coming from some Paul Keatings cannot be enforced on us.
Enjoy your dictatorship all you like, but keep it all for yourselves, we don't need it.

I personally don't rely on whatever pension I will ever get from the Social Security, but I can assure you that the combined pension we will be getting as a couple will be more than yours as a couple in Australia. Simply because here our pension depends on what we were contributing. Unlike your super democratic system where you the great Paphitis will be getting equal pension to that of a garbage collector. Isn't that true Paphitis?

As for the aging population yours is no better in fact it happens everywhere in the world except in 3rd world countries.
Gone are the days each woman was delivering more than 2 children. Today all over Europe including the Scandinavians as well as in Australia and the US is below 2.
Therefore when you will be an old fart you will need more than 1 young person to pay for your pension.

Imo the system worldwide has to change to punish those who don't deliver more than 2 children during their lifetime and reward those who do. I have my views as tho why Governments all over the world want their populations to shrink but that's another story

Interesting view point. I like it. I'd be interested to read your comments about population control, or lack of it if you like. Good post Pyrpolizer.

Thanks MR. This forum is too pedestrian for such views... but you will find the answer if you search the internet.

[Paphitis]

If only Cyprus had a politician like Paul Keating where it would have made it compulsory for people like you to invest 10% of their money into a Managed Fund (Shares).

Your only problem in Cyprus is that you have the CySec, but if it was compulsory, then the CySec would have a lot more liquidity.

But instead, Cyprus is looking at inevitable bankruptcy due to your ageing population and people living longer.

Countries that are going to survive are the Nordic Scandinavian Countries, and Australia which actually had forward thinking people with the foresight to make their people self fund their retirement.

You won't have a pension Pyro because you can't expect 2 workers to be paying for 5 old farts.

Cat Food out of the tin can for you mate.

Thank God we live in Europe where such fascism coming from some Paul Keatings cannot be enforced on us.
Enjoy your dictatorship all you like, but keep it all for yourselves, we don't need it.

I personally don't rely on whatever pension I will ever get from the Social Security, but I can assure you that the combined pension we will be getting as a couple will be more than yours as a couple in Australia. Simply because here our pension depends on what we were contributing. Unlike your super democratic system where you the great Paphitis will be getting equal pension to that of a garbage collector. Isn't that true Paphitis?

As for the aging population yours is no better in fact it happens everywhere in the world except in 3rd world countries.
Gone are the days each woman was delivering more than 2 children. Today all over Europe including the Scandinavians as well as in Australia and the US is below 2.
Therefore when you will be an old fart you will need more than 1 young person to pay for your pension.

Imo the system worldwide has to change to punish those who don't deliver more than 2 children during their lifetime and reward those who do. I have my views as tho why Governments all over the world want their populations to shrink but that's another story

Oh and btw congrats to your Government. In 2 years time your will not be eligible for a pension unless you are 67 years old.

It isn't fascism. It is helping the people save a nest egg for retirement. This process has been happening for 30 odd years now, and it has lifted the living conditions of Australians in retirement.

I am also pretty sure that Australia isn't the only country to introduce such a system. I believe there are many EU countries that have done similar things, like some Scandinavian Countries, France and Germany. We hear many times that Australia's system is a discussion point in the Euro parliament, and even in America's Congress. Other countries are in awe of the Australian System and extremely envious.

They have done so because they recognize that their countries will not be able to provide pensions for an increasing ageing population. There will be too few workers paying tax and unless you tax them to obliteration (which is unfair on the worker), they will not be able to pay the necessary tax for the elderly population. This is going to be the reality in Western Countries. So if these countries recognize this, what on earth is going to happen to Cyprus with your brain drain to places like Canada, Australia, USA and UK? You will go tits up again, and sadly you never had a politician yet that has the vision to look 50 years down the track to see what may eventuate with this ageing population, and get people to save.

Paul Keating was a visionary. We all know that. And a great economist.

Only 1 country in the world has a better pension system than Australia and that is Denmark.

https://www.mercer.com.au/our-thinking/mmgpi.html

https://virginmoney.com.au/blog/superan ... the-world/

So I wouldn't be so sure about your pension. And no, you will not be getting anywhere near the average Australian pension + Super. The Australian Super System and Pension System is actually the envy of the world. Even the EU, IMF and all Central Banks around the world point to it as a leading example or the way forward to economic viability as the population demographics change into the future. I am pretty sure that Cyprus and Greece would have been brifed by the IMF about the Australian scheme as part of its bailout tranche. In other words, giving you subtle hints to look at it or pay the consequences again later on.

Some countries like Greece and Cyprus choose to do nothing and bury their head in the sand. That will cost you again, and the people will pay for that. You can only dream of having visionaries like Keating.

Just from the 15 million Super Fund accounts, Australians have about 4.5 Trillion in management. That is almost 3 times the Australian GDP. Can you understand that this places Australia in a very strong position sitting on such a large amount of money in its Futures Fund? A lot of this money is invested in overseas stock markets too, and there are dividends paid into it as well from the profits of all the corporates Australians own shares in. It's passive income as well. You need to read Buffet about passive income. It is the most powerful source of wealth creation. When the Apples and Microsofts announce their yearly profits, some of that money comes to Australia through people's managed share funds. To a large degree, these corporates will be subsidizing Australian retirees living standards in retirement, and there will be less reliance on the poor worker and the tax system to provide welfare, so our economy will remain stronger than yours too, and will grow more than yours because the incentives will be there for the young to work or start a business.

Australia's Futures Funds are about 10 times more than its sovereign debt. Can you comprehend that?

Your way relies on other people paying for you. Australia's way makes people more pro-active, and gives them a way to save tax by contributing more of their income to their fund, which is what I do too. I save about $10000 per year in tax through this system, so just from that I am already ahead without taking into any consideration all the dividends and capital gains that the fund managed to accrue.

BTW, there is a baby boom occurring in Australia. Couples in Australia are having 2.1 kids. In Greece it is 1.1. So Australia isn't as bad as other countries because it has the most generous maternity leave system in the world where Mum's can stay at home at full pay for 6 months. That is another thing everyone is envious about but I think some of the Scandinavian countries are equally good in this area as well. Again, Paul Keating and John Howard providing incentives for Australians to breed, because they know economics. But the population is still aging so yes.

You also get a baby bonus. Basically, each family gets $3000 per baby on birth, but I am not sure if that is still going. Even Billionaires would get it.

You will be eating Cat Food.

[Pyrpolizer]

By our standards having ANY politician forcing us to invest 10% of our income in stock markets is pure fascism.
Like I said, enjoy your Australian fascism and leave us alone.
Did you ever ask an economist what the effect of that practice is on your Stocks? I am absolutely certain it's causing a constantly increasing bubble that one day will burst.
It's not to help you supplement your low pensions. It's just a long term sucking of your income for the benefit of others. You will learn about it one day when the bubble will burst. Just thank God you all get the same low pension, no matter how much you contributed when you were working. Unless of course you get supplements for been retard or crippled.

As for your favorite trail of comparing Cyprus with Australia , do you realize how you came across comparing 2 countries one of which is 830 thousand times bigger? We are doing fine here and the problem of low fertility rate is currently balanced by the Eastern Europeans.

Like I said before the problem is international and has other parameters.

[Paphitis]

By our standards having ANY politician forcing us to invest 10% of our income in stock markets is pure fascism.
Like I said, enjoy your Australian fascism and leave us alone.
Did you ever ask an economist what the effect of that practice is on your Stocks? I am absolutely certain it's causing a constantly increasing bubble that one day will burst.
It's not to help you supplement your low pensions. It's just a long term sucking of your income for the benefit of others. You will learn about it one day when the bubble will burst. Just thank God you all get the same low pension, no matter how much you contributed when you were working. Unless of course you get supplements for been retard or crippled.

As for your favorite trail of comparing Cyprus with Australia , do you realize how you came across comparing 2 countries one of which is 830 thousand times bigger? We are doing fine here and the problem of low fertility rate is currently balanced by the Eastern Europeans.

Like I said before the problem is international and has other parameters.

Stocks are influenced on a supply demand basis like everything else.

The Australian Super System is a self sustaining beast. In fact, the money pool keeps expanding and the money pool is only incrementally withdrawn or cashed out as people retire. So it will not burst any bubble.

There will be corrections as there always is, because economics are cyclic.

But as for fascism. That is what you have. You went tits up and there has never been an inquiry as to why. How on earth can you compare this to us and call us fascists. You got to be kidding.

The other thing. How on earth are you going to get a pension? Do you think Cyprus will be able to afford this massive welfare bill with a thinning out tax base?

Pyro, you have no clue about economics and stocks which is quite sad. And if you ask DT, it's going to cost you big time unless you are astute enough to self fund.

BTW, the 10% is paid by your employer over and above your salary. You have a choice to salary sacrifice another portion of your income to save tax, which is very worthwhile for a lot of tax payers. In other words, you can sacrifice x into your fund and not pay tax on that amount. It is an incentive to save more. The system in ingenious. It is recognized as the best system in the world.

There have been economists after economists and some of the smartest brains in the intellectual community who claim that the Australian Super System is a very robust retirement savings system for Australian workers and businesses which is great for Australia and its people.

Making sure your citizens enjoy a reasonable standard of living and that the welfare safety net is still sustainable in the future, isn't a fascist policy. It is a policy from a responsible Government that is planning for the future for the well being of its citizens and the economy. If they don't do it, they will go tits up like Cyprus did, and you and the young will pay for it again and even more thousands of young Cypriots will be headed our way.

You want to know why your Government doesn't do this kind of thing? Because they are only interested in their chair. they won't be the ones eating Cat Food either as they are smart enough to invest in managed funds anyway. they won't legislate for you to do it because they know it means a loss of votes. In other words they don't give a damn.

You have non fascists like katastrofias while we had forward thinkers like Bob Hawke, Keating and Howard.

[Pyrpolizer]

Stocks are influenced on a supply demand basis like everything else.

The Australian Super System is a self sustaining beast. In fact, the money pool keeps expanding and the money pool is only incrementally withdrawn or cashed out as people retire. So it will not burst any bubble.

There will be corrections as there always is, because economics are cyclic.

But as for fascism. That is what you have. You went tits up and there has never been an inquiry as to why. How on earth can you compare this to us and call us fascists. You got to be kidding.

The other thing. How on earth are you going to get a pension? Do you think Cyprus will be able to afford this massive welfare bill with a thinning out tax base?

Pyro, you have no clue about economics and stocks which is quite sad. And if you ask DT, it's going to cost you big time unless you are astute enough to self fund.

BTW, the 10% is paid by your employer over and above your salary. You have a choice to salary sacrifice another portion of your income to save tax, which is very worthwhile for a lot of tax payers. In other words, you can sacrifice x into your fund and not pay tax on that amount. It is an incentive to save more. The system in ingenious. It is recognized as the best system in the world.

There have been economists after economists and some of the smartest brains in the intellectual community who claim that the Australian Super System is a very robust retirement savings system for Australian workers and businesses which is great for Australia and its people.

Making sure your citizens enjoy a reasonable standard of living and that the welfare safety net is still sustainable in the future, isn't a fascist policy. It is a policy from a responsible Government that is planning for the future for the well being of its citizens and the economy. If they don't do it, they will go tits up like Cyprus did, and you and the young will pay for it again and even more thousands of young Cypriots will be headed our way.

You want to know why your Government doesn't do this kind of thing? Because they are only interested in their chair. they won't be the ones eating Cat Food either as they are smart enough to invest in managed funds anyway. they won't legislate for you to do it because they know it means a loss of votes. In other words they don't give a damn.

You have non fascists like katastrofias while we had forward thinkers like Bob Hawke, Keating and Howard.

Of course it's supply and demand, problem is with all those Super funds you are pushing the demand upwards over a fixed supply, and as a result you get bubbles like you already have in the housing market.
These super funds is the utter stupidity you can imagine, because they violates the principle that the markets can absorb investments upto a certain point. From there on they push the demand not only for real estate but for everything to invest on, to the limits creating bubbles.
What these super funds certainly achieved so far is to rip off peoples savings from the huge amount of charges they impose. They certainly created a new Elitist group among the Australians, who suck your incomes. And what a nice scheme that is huh? You just give them your money and you are forbidden to take it unless you reach pension age..
Nope! I prefer Cyprus' Provident funds. At least you can take a loan from that. And you can take all your money any time you abandon the company.
And don't try to sell me this fairy tail that it's the employer who pays. It's you who pays. Sure the government reduces your tax on the amount you invest however the rest comes out of your pocket. The same was happening here, so for people who were taxed at 30% the remaining 70% came out of their own pocket, and for those who were taxed at 0% the remaining 100% was coming out of their pockets. Any way you look at it is an indirect way of the Government financing private companies. Thank God once again we are in the EU and such things are not allowed anymore.

For such an economy like yours who so heavily depends on China, I'd actually lose my sleep just by the thought of the next financial crisis.
Be prepared Paphitis, analysts are waiting for it within the next 18-24 months .

The best pension scheme is the one we currently have in Cyprus. The younger generation paying for the older. It goes on in circles.
the only problem is the ferility rate (you need more that 2 point something) but for the moment it's OK because of the eastern Europeans.
Did you know that the real GCs are only 500K? Yet our population in the free areas is about a million

[DT.]

Stocks are influenced on a supply demand basis like everything else.

The Australian Super System is a self sustaining beast. In fact, the money pool keeps expanding and the money pool is only incrementally withdrawn or cashed out as people retire. So it will not burst any bubble.

There will be corrections as there always is, because economics are cyclic.

But as for fascism. That is what you have. You went tits up and there has never been an inquiry as to why. How on earth can you compare this to us and call us fascists. You got to be kidding.

The other thing. How on earth are you going to get a pension? Do you think Cyprus will be able to afford this massive welfare bill with a thinning out tax base?

Pyro, you have no clue about economics and stocks which is quite sad. And if you ask DT, it's going to cost you big time unless you are astute enough to self fund.

BTW, the 10% is paid by your employer over and above your salary. You have a choice to salary sacrifice another portion of your income to save tax, which is very worthwhile for a lot of tax payers. In other words, you can sacrifice x into your fund and not pay tax on that amount. It is an incentive to save more. The system in ingenious. It is recognized as the best system in the world.

There have been economists after economists and some of the smartest brains in the intellectual community who claim that the Australian Super System is a very robust retirement savings system for Australian workers and businesses which is great for Australia and its people.

Making sure your citizens enjoy a reasonable standard of living and that the welfare safety net is still sustainable in the future, isn't a fascist policy. It is a policy from a responsible Government that is planning for the future for the well being of its citizens and the economy. If they don't do it, they will go tits up like Cyprus did, and you and the young will pay for it again and even more thousands of young Cypriots will be headed our way.

You want to know why your Government doesn't do this kind of thing? Because they are only interested in their chair. they won't be the ones eating Cat Food either as they are smart enough to invest in managed funds anyway. they won't legislate for you to do it because they know it means a loss of votes. In other words they don't give a damn.

You have non fascists like katastrofias while we had forward thinkers like Bob Hawke, Keating and Howard.

Of course it's supply and demand, problem is with all those Super funds you are pushing the demand upwards over a fixed supply, and as a result you get bubbles like you already have in the housing market.
These super funds is the utter stupidity you can imagine, because they violates the principle that the markets can absorb investments upto a certain point. From there on they push the demand not only for real estate but for everything to invest on, to the limits creating bubbles.
What these super funds certainly achieved so far is to rip off peoples savings from the huge amount of charges they impose. They certainly created a new Elitist group among the Australians, who suck your incomes. And what a nice scheme that is huh? You just give them your money and you are forbidden to take it unless you reach pension age..
Nope! I prefer Cyprus' Provident funds. At least you can take a loan from that. And you can take all your money any time you abandon the company.
And don't try to sell me this fairy tail that it's the employer who pays. It's you who pays. Sure the government reduces your tax on the amount you invest however the rest comes out of your pocket. The same was happening here, so for people who were taxed at 30% the remaining 70% came out of their own pocket, and for those who were taxed at 0% the remaining 100% was coming out of their pockets. Any way you look at it is an indirect way of the Government financing private companies. Thank God once again we are in the EU and such things are not allowed anymore.

For such an economy like yours who so heavily depends on China, I'd actually lose my sleep just by the thought of the next financial crisis.
Be prepared Paphitis, analysts are waiting for it within the next 18-24 months .

You’ll be receiving my invoice shortly