mis advisers pocketed 10pc, page-2

these fees must be disclosed at the request of the investor.

I found out it was 10% and negotiated 5% to come back to me.

You know what difference that made in the end - bugger all.


The simple fact is that all the genuises that want to claim knowledge now - weren't saying anything before this pyramid scheme came crashing down.
The useless a-holes that set this up and claim that it could of worked are just f-ing ignorant morons that can go to hell.

For those that have lost money on this - I recommend you buy the doco called - "ENRON- The smartest men in the room"
It's brilliant - it also goes a long way to helping small investors understand how you can lose a lot of money to "reputable" sources.
It also gives example of how "financial advice" is as useless as tits on a bull.

The fact is - you are relying on the fact that the people at the top of companies have some regard for your money.
The more you learn and research - the more examples you find on the ASX that is simply not the case.

I'm not bitter - I'm a realist.
I still love investing and I will continue to try and learn and avoid terminal a-holes like timbercorp. (and CCE)

Lastly, the are some really clear cut examples of total bs companies on the ASX.
They basically have next to zero chance of success. Exploration companies with no producing assets that have spent more on admin than exploration for the passed three years.
Do you think anyone wants to hears this when they are currently invested - my experience on HC is no.
It seems most only want to hear about the issues after it is too late.