tazzieman Posted 1December, 2015 Report Share Posted 1December, 2015 http://www.news.com.au/finance/business/retail/want-to-be-a-retailer-dont-be-a-dick-smith/news-story/afbe55035329f2f57652bc1505f219e0I vowed never to shop there again about 3 years ago when i couldn't even buy a resistor I needed , and the youth just stared at me blankly when I asked "well , where near here then?"As I generally buy what I need , and not allow myself to be hounded or tempted I am very happy to find my bargains online.Actually I detest the shopping vibe and CBD's in general. Smelly places, especially nearing the annual Festival of Shopping called Christmas! Link to comment Share on other sites More sharing options...
KGB Posted 1December, 2015 Report Share Posted 1December, 2015 Welcome to 2015 Taz Link to comment Share on other sites More sharing options...
tazzieman Posted 1December, 2015 Author Report Share Posted 1December, 2015 Being old , I am prone to making all the wise decisions. Link to comment Share on other sites More sharing options...
ByronBayChris Posted 1December, 2015 Report Share Posted 1December, 2015 Here;s some interesting reading. Apologies to any brokers out there. https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/ Link to comment Share on other sites More sharing options...
tazzieman Posted 1December, 2015 Author Report Share Posted 1December, 2015 Here;s some interesting reading. Apologies to any brokers out there. https://foragerfunds.com/bristlemouth/dick-smith-is-the-greatest-private-equity-heist-of-all-time/equity market investors aren’t really focusing on how much cash has been ripped out of the business. All they seem to care about is profit."May the fleas of a thousand camels infest your armpits" Link to comment Share on other sites More sharing options...
LeeM Posted 1December, 2015 Report Share Posted 1December, 2015 Rant. First and foremost, I'm not very smart when it comes to business dealings and the investment thingo (well, I'm basically stupid really), yet it kinda makes sense to me that most of the financial boffins in these big companies are basically crooks that skirt the corporate law. Not for the little shareholders, but the major stake holders pockets. Would this be correct, or am I way off? I also never shop in any of the big stores, especially Dick Smith and Harvey hypocrite Norman for the reasons mentioned above, and if want to buy anything, I do it mainly online, as its MY pocket I worry about, not someone else's. I'm sure anyone with a business would do the same if they wanted to buy something not related to their own products. Would you pay a grand for a watch in a store if you could buy the same thing online for $500? Apologies to anyone with a business, but if they can't compete with online, well thats their problem, not mine. I've saved thousands by buying online for my car resto, yet that will change for anyone else with our idiotic government deciding to add GST to smaller online purchases. Its bullshit that I have to pay GST AND duty on anything over a grand as it is. Times are tough enough as it is for us everyday people that work for a living, unlike suited brainiacs that will cut anyones lunch to make a huge profit at the expense of the little people. Maybe I'm just too 'nice' (or stupid) to rip anyone off, yet I know when I'm being shafted by big business, so I stay away from buying from them Link to comment Share on other sites More sharing options...
tazzieman Posted 1December, 2015 Author Report Share Posted 1December, 2015 But Lee , think of all the jobs those see you next tuesday's are providing. They are really guardian angels, they'll try and have you know. Link to comment Share on other sites More sharing options...
LeeM Posted 1December, 2015 Report Share Posted 1December, 2015 Mate, I have trouble thinking 2 days ahead let alone next Tuesday! The mob I contract to have dropped their sell prices to cheaper than 6 years ago just to remain in the market. Everyone is shafting everyone in the building game, so its not just the corporate side that is vicious. I still get paid the same each job, yet the consumer is definitely the winner. I used to do cash jobs and make a killing and save the client a fair wedge of cash, but it's just not worth my time, energy and headaches now, as I just can't compete. The buying public seem to be wanting much more for less, and are very unreasonable, aka, picky, so they go where they can save the most. I did a cashy quote this morning saving the client $200 from his other 3 quotes, and me making $200 out of it. 'Can you do it cheaper than that?' No, sorry, seeya! I'm happy to say I know nothing when it comes to the corporate side of running a business, as I just don't understand the legal jargon (as much as I would like to), yet from a moral point of view, big business are the only winners, not the consumer. Thats my thinking anyway Link to comment Share on other sites More sharing options...
tomo Posted 1December, 2015 Report Share Posted 1December, 2015 +1 Link to comment Share on other sites More sharing options...
tazzieman Posted 1December, 2015 Author Report Share Posted 1December, 2015 "Read About It" The rich get richerThe poor get the pictureThe bombs never hit you when you're down so lowSome got pollutionSome revolutionThere must be some solution but I just don't knowThe bosses want decisionsThe workers need ambitionsThere won't be no collisions whey they move so slowNothing ever happensNothing ever mattersNo one ever tells me so what am I to knowYou wouldn't read about itRead about itJust another incredible sceneThere's no doubt about itThe hammer and sickleThe news is at a trickleThe commisars are fickle but the stockpile growsBombers keeping comingEngines softly hummingThe stars and stripes are running for their own big showAnother little flare upStorm brewed in a tea cupImagine any mix up and the lot would goNothing ever happensNothing ever mattersNo one ever tells me so what I am to knowYou wouldn't read about itRead about itOne unjust, ridiculous stealAin't no doubt about itYou wouldn't read about itRead about itJust another particular dealThere's no doubt about itThe parliamentarians go ape in Paris as we speak.. https://www.youtube.com/watch?v=5jV3sC0fFAU Link to comment Share on other sites More sharing options...
Tit Posted 1December, 2015 Report Share Posted 1December, 2015 It's how the world goes 'round. If money is your game, its something you have to accept. Play or get out of the way.It's like most things in life, understand the motivations of the people & organizations around you, and be prepared to interact with them consistent with your principals and goals (which may not be money-focussed). Link to comment Share on other sites More sharing options...
JWM Posted 1December, 2015 Report Share Posted 1December, 2015 Would you pay a grand for a watch in a store if you could buy the same thing online for $500? The buying public seem to be wanting much more for less, and are very unreasonable, aka, picky, so they go where they can save the most.A lot can change in 28 minutes I guess... (Sorry, I couldn't resist )If it's any consolation, the demographic changes that are coming globally are going to mean it's capital that is in abundance (it is already) and labour that is shortage very soon. I think this will create very different dynamics over the next 2-3 decades compared to the last 2-3. i.e.: your watch will get even cheaper and you'll be charging more. Link to comment Share on other sites More sharing options...
LeeM Posted 1December, 2015 Report Share Posted 1December, 2015 The opening verse of that Oils song makes ol Peter Garret seem a bit of a hypocrite now Taz. Definitely one bloke I'd never trust A lot can change in 28 minutes I guess... (Sorry, I couldn't resist ) Gotcha. I do have a habit of contradicting myself sometimes :-) My main point was that sellers max their profit, yet want to pay the least amount for what they want to personally buy, then have a cry when others say their product is much cheaper online. Its how retail is now I spose, compete or bye bye. Shame, because I would rather buy locally and keep food on peoples tables, yet I have to eat too Link to comment Share on other sites More sharing options...
JWM Posted 1December, 2015 Report Share Posted 1December, 2015 My main point was that sellers max their profit, yet want to pay the least amount for what they want to personally buy, then have a cry when others say their product is much cheaper online. Agree this is especially true for the likes of Harvey Norman selling stuff you can get anywhere and without adding any value in terms of decent service, support, etc. Link to comment Share on other sites More sharing options...
LeeM Posted 1December, 2015 Report Share Posted 1December, 2015 Yep, I distinctly remember ol Gerry saying how people buying online from overseas was killing his business, then he sets up an online store! Hypocrite much? Funny, as I sit here typing this, ads for both Harvey and Dick have just been on tv back to back. I rarely trust companies that have a huge tv advertising budget. Sorry all, I don't mean to bang on about it as I tend to do far too often with my manuscript/dribble posts on any topic (I also talk a lot in person), yet I'm just putting my 'average Joe's' perspective on things when it comes to this kinda thing. People are struggling, and the more people stop buying, the higher the prices seem to get, as the companies selling their products are losing the profits theyre used to. Sadly, its damned if ya do, or damned if ya don't Link to comment Share on other sites More sharing options...
ByronBayChris Posted 1December, 2015 Report Share Posted 1December, 2015 Well this is timely.....Im helping my Father-in-law with this petition.......who wants to sign ?https://www.change.org/p/the-australian-government-asx-corporate-governance-council-keep-the-australian-stock-market-fair-for-all?recruiter=15375577&utm_source=share_for_starters&utm_medium=copyLink Link to comment Share on other sites More sharing options...
tazzieman Posted 1December, 2015 Author Report Share Posted 1December, 2015 Chris what I have learnt from the interwebs is that buying lots of old porsches is better than money in boring old shares and stocks.I also learnt not to put all the eggs in the 911 basket. Link to comment Share on other sites More sharing options...
ByronBayChris Posted 1December, 2015 Report Share Posted 1December, 2015 Chris what I have learnt from the interwebs is that buying lots of old porsches is better than money in boring old shares and stocks.I also learnt not to put all the eggs in the 911 basket.Oh yes.....buying old Porsches is better, and I also have learnt not to put all my eggs in the 911 basket.......diversify to a lower number. Link to comment Share on other sites More sharing options...
turboT Posted 1December, 2015 Report Share Posted 1December, 2015 Mate, I have trouble thinking 2 days ahead let alone next Tuesday! The mob I contract to have dropped their sell prices to cheaper than 6 years ago just to remain in the market. Everyone is shafting everyone in the building game, so its not just the corporate side that is vicious. I still get paid the same each job, yet the consumer is definitely the winner. I used to do cash jobs and make a killing and save the client a fair wedge of cash, but it's just not worth my time, energy and headaches now, as I just can't compete. The buying public seem to be wanting much more for less, and are very unreasonable, aka, picky, so they go where they can save the most. I did a cashy quote this morning saving the client $200 from his other 3 quotes, and me making $200 out of it. 'Can you do it cheaper than that?' No, sorry, seeya! I'm happy to say I know nothing when it comes to the corporate side of running a business, as I just don't understand the legal jargon (as much as I would like to), yet from a moral point of view, big business are the only winners, not the consumer. Thats my thinking anyway "Apologies to anyone with a business, but if they can't compete with online, well thats their problem, not mine.""The buying public seem to be wanting much more for less, and are very unreasonable, aka, picky, so they go where they can save the most." I think I have found the problem Lee. Both these statements are correct... Link to comment Share on other sites More sharing options...
turboT Posted 1December, 2015 Report Share Posted 1December, 2015 Oh yes.....buying old Porsches is better, and I also have learnt not to put all my eggs in the 911 basket.......diversify to a lower number.but Chris, imagine if we all a year ago had put all our eggs in that one basket? Say done something crazy like convinced the bank that remortgaging the house for an extra Million and investing in p-cars was a good idea... Link to comment Share on other sites More sharing options...
tazzieman Posted 1December, 2015 Author Report Share Posted 1December, 2015 but Chris, imagine if we all a year ago had put all our eggs in that one basket? Say done something crazy like convinced the bank wife that remortgaging the house for an extra Million and investing in p-cars was a good idea... Link to comment Share on other sites More sharing options...
turboT Posted 1December, 2015 Report Share Posted 1December, 2015 same same Link to comment Share on other sites More sharing options...
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