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  <title>ausinvest's topics - tribe.net</title>
  <link rel="alternate" href="http://tribes.tribe.net/ausinvest/threads/atom" />
  <subtitle>Tribe.net. Local Connections</subtitle>
  <entry>
    <title>New Mod Election</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/dc15d55d-18e8-4998-b266-2dd6a56fc88a" />
    <author>
      <name>Bloke72</name>
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/dc15d55d-18e8-4998-b266-2dd6a56fc88a</id>
    <updated>2007-11-01T08:15:29Z</updated>
    <published>2007-11-01T08:15:29Z</published>
    <summary type="html">&lt;div&gt;I vote for myself and am elected unanimously HAhhahahaa&lt;/div&gt;
				&lt;div&gt;
			posted in
			&lt;a href="http://tribes.tribe.net/ausinvest"&gt;ausinvest&lt;/a&gt;
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		&lt;/div&gt;</summary>
    <dc:creator>Bloke72</dc:creator>
    <dc:date>2007-11-01T08:15:29Z</dc:date>
  </entry>
  <entry>
    <title>Walnuts</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/b3d7322b-879a-4b02-be93-535e440d2f50" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/b3d7322b-879a-4b02-be93-535e440d2f50</id>
    <updated>2007-06-06T06:43:30Z</updated>
    <published>2007-06-06T06:43:30Z</published>
    <summary type="html">&lt;div&gt;mmm...coincidence?
&lt;br/&gt;
&lt;br/&gt;Released 6 June AM
&lt;br/&gt;A team from the University of Malaysia claims to have developed a healthy alternative to Viagra, made from walnuts. It is called N-Hanz, and has been tested successfully on 40 volunteers suffering erectile dysfunction.
&lt;br/&gt;http://blogs.smh.com.au/sit/archives/2007/06/crunch_time_for_impotence.html
&lt;br/&gt;
&lt;br/&gt;Released 6 June PM
&lt;br/&gt;Food and agribusiness group Webster Ltd is showing extra confidence in the walnut industry, announcing plans to build a $2 million walnut processing plant in the Riverina region of NSW.
&lt;br/&gt;http://www.smh.com.au/articles/2007/06/06/1181089131839.html&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-06-06T06:43:30Z</dc:date>
  </entry>
  <entry>
    <title>Another one bites the dust...</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/009e1845-dbbc-4bce-ac91-dc589d77d0f5" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/009e1845-dbbc-4bce-ac91-dc589d77d0f5</id>
    <updated>2007-05-31T04:07:10Z</updated>
    <published>2007-05-29T23:46:59Z</published>
    <summary type="html">&lt;div&gt;"The Estate Property Group went into voluntary administration yesterday, after its investment company Australian Capital Reserves Ltd (ACR) raised $300 million from investors in unsecured loan notes."
&lt;br/&gt;
&lt;br/&gt;http://www.news.com.au/business/story/0,23636,21814191-37037,00.html
&lt;br/&gt;
&lt;br/&gt;Before that we had Fincorp and Westpoint. Have a look at the pictures of the creditors, mostly older retirees. I think we have to ask:
&lt;br/&gt;Will these investors ever learn? 
&lt;br/&gt;Will ASIC do more to protect them? 
&lt;br/&gt;Do the adverts fairly reflect the risk associated with the investment?&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-29T23:46:59Z</dc:date>
  </entry>
  <entry>
    <title>Drought could be ending</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/1bf08f8f-9207-4023-ab8d-33245d676007" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/1bf08f8f-9207-4023-ab8d-33245d676007</id>
    <updated>2007-05-18T12:57:08Z</updated>
    <published>2007-05-18T12:57:08Z</published>
    <summary type="html">&lt;div&gt;Time to go long on agri stocks ? You decide.
&lt;br/&gt;
&lt;br/&gt;http://www.news.com.au/story/0,23599,21755506-1702,00.html
&lt;br/&gt;
&lt;br/&gt;Other signs:
&lt;br/&gt;read in the papers that the emus are laying again up north
&lt;br/&gt;wattle trees blooming across southeastern Australia 
&lt;br/&gt;http://www.news.com.au/story/0,23599,21665775-1702,00.html&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-18T12:57:08Z</dc:date>
  </entry>
  <entry>
    <title>OT: How The Australian Tax System Really Works</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/2f551354-f291-485e-bcd0-a92c7e9833cb" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/2f551354-f291-485e-bcd0-a92c7e9833cb</id>
    <updated>2007-05-17T05:32:10Z</updated>
    <published>2007-05-15T23:40:13Z</published>
    <summary type="html">&lt;div&gt;Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: 
&lt;br/&gt;
&lt;br/&gt;The first four men (the poorest) would pay nothing. 
&lt;br/&gt;The fifth would pay $1. 
&lt;br/&gt;The sixth would pay $3. 
&lt;br/&gt;The seventh would pay $7. 
&lt;br/&gt;The eighth would pay $12. 
&lt;br/&gt;The ninth would pay $18. 
&lt;br/&gt;The tenth man (the richest) would pay $59.
&lt;br/&gt;So, that's what they decided to do. 
&lt;br/&gt;
&lt;br/&gt;The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since 
&lt;br/&gt;you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20. "Drinks for the ten now cost just $80. 
&lt;br/&gt;
&lt;br/&gt;The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his "fair share"? They realized that $20 divided by six is $3.33.But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so: 
&lt;br/&gt;
&lt;br/&gt;The fifth man, like the first four, now paid nothing (100% savings). 
&lt;br/&gt;The sixth now paid $2 instead of $3 (33%savings). 
&lt;br/&gt;The seventh now pay $5 instead of $7 (28%savings).
&lt;br/&gt;The eighth now paid $9 instead of $12 (25% savings).
&lt;br/&gt;The ninth now paid $14 instead of $18 (22% savings).
&lt;br/&gt;The tenth now paid $49 instead of $59 (16% savings).
&lt;br/&gt;Each of the six was better off than before. 
&lt;br/&gt;And the first four continued to drink for free. 
&lt;br/&gt;
&lt;br/&gt;But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20,"declared the sixth man. 
&lt;br/&gt;He pointed to the tenth man," but he got $10!""Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got TEN times more than I! "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks! ""Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor! "
&lt;br/&gt;
&lt;br/&gt;The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money 
&lt;br/&gt;between all of them for even half of the bill! 
&lt;br/&gt;
&lt;br/&gt;And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. &lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-15T23:40:13Z</dc:date>
  </entry>
  <entry>
    <title>How high ? Your pay that is....</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/dc00f893-1cff-4589-bb10-94b1264b2a92" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/dc00f893-1cff-4589-bb10-94b1264b2a92</id>
    <updated>2007-05-16T06:06:49Z</updated>
    <published>2007-05-16T06:06:49Z</published>
    <summary type="html">&lt;div&gt;Macquarie boss' bumper pay 'justified' ~ Federal Liberal frontbencher George Brandis has defended Macquarie Bank boss Allan Moss' $33.5 million pay packet.
&lt;br/&gt;
&lt;br/&gt;http://www.smh.com.au/articles/2007/05/16/1178995204468.html
&lt;br/&gt;
&lt;br/&gt;Circumstance or performance?&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-16T06:06:49Z</dc:date>
  </entry>
  <entry>
    <title>Telstra open to takeovers: CEO :-]</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/0d0988e5-946a-42a7-a527-dc422dc06711" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/0d0988e5-946a-42a7-a527-dc422dc06711</id>
    <updated>2007-05-14T02:36:41Z</updated>
    <published>2007-05-14T02:36:41Z</published>
    <summary type="html">&lt;div&gt;*Ha ha OMG* Telstra would consider any takeover bids, CEO Sol Trujillo says no offers yet received, Telstra shares have gained 24% over the past 6 months 
&lt;br/&gt;
&lt;br/&gt;Read more
&lt;br/&gt;http://www.news.com.au/business/story/0,23636,21726185-31037,00.html&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-14T02:36:41Z</dc:date>
  </entry>
  <entry>
    <title>Budget's out</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/ed3641d6-be1c-4225-92ca-0c99816ddeb1" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/ed3641d6-be1c-4225-92ca-0c99816ddeb1</id>
    <updated>2007-05-08T11:11:11Z</updated>
    <published>2007-05-08T11:11:11Z</published>
    <summary type="html">&lt;div&gt;For a brief summary
&lt;br/&gt;http://www.cch.com.au/budget2007&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-08T11:11:11Z</dc:date>
  </entry>
  <entry>
    <title>Diary Entry - Budget Night (8 May 2007)</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/5ac0257c-b77a-4b71-9179-959d89bfca7c" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/5ac0257c-b77a-4b71-9179-959d89bfca7c</id>
    <updated>2007-05-01T23:31:20Z</updated>
    <published>2007-05-01T23:31:20Z</published>
    <summary type="html">&lt;div&gt;The budget will be handed down Tuesday night 8 May 2007, with a federal election due to follow later this year.&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-05-01T23:31:20Z</dc:date>
  </entry>
  <entry>
    <title>Got a spare million ?</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/4ae60df0-1aa0-442d-b4de-e2d06a3ba326" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/4ae60df0-1aa0-442d-b4de-e2d06a3ba326</id>
    <updated>2007-05-01T23:24:34Z</updated>
    <published>2007-05-01T23:24:34Z</published>
    <summary type="html">&lt;div&gt;Running out of time...reminder that you have up to 30 June 2007 to contribute $1 million into your superannuation. This is non-concessional contribution (used to be called undeducted contribution). No contributions tax.
&lt;br/&gt;
&lt;br/&gt;BTW after 1 July 2007 you can only wack in $150k pa (or $450k over 3 years). More than this, the contributions will be taxed.&lt;/div&gt;
				&lt;div&gt;
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    <dc:creator />
    <dc:date>2007-05-01T23:24:34Z</dc:date>
  </entry>
  <entry>
    <title>Taking the "con" out of conflicts of interest</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/9d46a0ab-af83-4d37-aadc-a88060f18c67" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/9d46a0ab-af83-4d37-aadc-a88060f18c67</id>
    <updated>2007-04-26T23:49:18Z</updated>
    <published>2007-04-26T23:49:18Z</published>
    <summary type="html">&lt;div&gt;Look at the history of Wall Street and you will see a major theme: conflicts of interest. After all, the business is based on relationships.
&lt;br/&gt;
&lt;br/&gt;http://www.bloggingbuyouts.com/2007/04/20/taking-the-con-out-of-conflicts-of-interest/
&lt;br/&gt;
&lt;br/&gt;(Sound familiar ? Macquarie's not alone)&lt;/div&gt;
				&lt;div&gt;
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    <dc:creator />
    <dc:date>2007-04-26T23:49:18Z</dc:date>
  </entry>
  <entry>
    <title>OT: B*oody IT problems</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/43457f41-a630-4f8a-a405-ce74ff52f9ea" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/43457f41-a630-4f8a-a405-ce74ff52f9ea</id>
    <updated>2007-04-26T01:14:19Z</updated>
    <published>2007-04-26T01:14:19Z</published>
    <summary type="html">&lt;div&gt;Trying to publicise this tribe and what do visitors get...
&lt;br/&gt;
&lt;br/&gt;Quote
&lt;br/&gt;
&lt;br/&gt;Sorry to say it, but as far as ease of use is concerned, forums suck. 
&lt;br/&gt;They are also unreliable as indicated by the following error I received 
&lt;br/&gt;when going to that site:
&lt;br/&gt;
&lt;br/&gt;
&lt;br/&gt;An Error Has Occurred
&lt;br/&gt;what were you doing when this error occurred?
&lt;br/&gt;
&lt;br/&gt;If you're seeing this page, it means that something has gone wrong on 
&lt;br/&gt;our end.
&lt;br/&gt;
&lt;br/&gt;Sorry about that. Please take a moment to help us fix this problem by 
&lt;br/&gt;giving us a brief description of what you were doing when this error 
&lt;br/&gt;occurred.
&lt;br/&gt;
&lt;br/&gt;Unquote
&lt;br/&gt;
&lt;br/&gt;Just my rant....so pls ignore.&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-04-26T01:14:19Z</dc:date>
  </entry>
  <entry>
    <title>Interest paid in advance</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/2c64fa42-f5f8-4692-89a9-d4facf904b5e" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/2c64fa42-f5f8-4692-89a9-d4facf904b5e</id>
    <updated>2007-04-25T04:18:50Z</updated>
    <published>2007-04-25T04:18:50Z</published>
    <summary type="html">&lt;div&gt;Came across National's 7.14% 3 year fixed investment loan 
&lt;br/&gt;
&lt;br/&gt;http://www.nab.com.au/Personal_Finance/0,,86240,00.html?campaignID=KKT&amp;amp;WT.mc_id=KKT
&lt;br/&gt;
&lt;br/&gt;It says "...lets you enjoy a competitive interest rate of 7.14% p.a fixed for 3 years interest only in advance. This loan provides you with the certainty of a fixed rate and term along with potential tax benefits associated with taking out an interest only in advance loan." 
&lt;br/&gt;
&lt;br/&gt;Huh?  Implying you can get a tax deduction on the whole 3 years interest. Understood that you can only claim a tax deduction on prepaid interest up to 13 months ahead. Is that right ?&lt;/div&gt;
				&lt;div&gt;
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		&lt;/div&gt;</summary>
    <dc:creator />
    <dc:date>2007-04-25T04:18:50Z</dc:date>
  </entry>
  <entry>
    <title>Offer Acceptances</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/3e8bcd64-5217-40bc-8225-bef991eca7af" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/3e8bcd64-5217-40bc-8225-bef991eca7af</id>
    <updated>2007-04-25T03:54:31Z</updated>
    <published>2007-04-25T03:54:31Z</published>
    <summary type="html">&lt;div&gt;With hoards of private equity prowling around, takeover offers are coming in thick and fast. Arriving in the mail daily, are Offer Acceptance Forms. Should us smaller shareholders accept promptly, sit back and do nothing or chuck that piece of paper in the bin ?
&lt;br/&gt;
&lt;br/&gt;I’ve found that by accepting, the shares are “reserved” and this becomes a bit of a pain as you then can’t sell them on market (short of withdrawing the acceptance). With some takeovers like QANTAS, you don’t know if it’s coming or going. Learnt my lesson, in future I’m going to sit back and do nothing !
&lt;br/&gt;
&lt;br/&gt;Any thoughts ?&lt;/div&gt;
				&lt;div&gt;
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    <dc:creator />
    <dc:date>2007-04-25T03:54:31Z</dc:date>
  </entry>
  <entry>
    <title>Welcome</title>
    <link rel="alternate" href="http://tribes.tribe.net/ausinvest/thread/6ab665b0-01c0-4491-a01c-bdd5300fe529" />
    <author>
      <name />
    </author>
    <id>http://tribes.tribe.net/ausinvest/thread/6ab665b0-01c0-4491-a01c-bdd5300fe529</id>
    <updated>2007-04-25T03:53:50Z</updated>
    <published>2007-04-25T03:53:50Z</published>
    <summary type="html">&lt;div&gt;G’day Bloke &amp;amp; Erik, Welcome!&lt;/div&gt;
				&lt;div&gt;
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    <dc:creator />
    <dc:date>2007-04-25T03:53:50Z</dc:date>
  </entry>
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