IRON MAN says the lottery winner mentality of the ignorant & uneducated who are causing problems for everyone in dinarland
Page 1 of 1
IRON MAN says the lottery winner mentality of the ignorant & uneducated who are causing problems for everyone in dinarland
by Ponee on Mon Sep 19, 2016 9:45 pm
IRONMAN --
It is quite evident that in the event this happens and wealth managers are called upon to assist this uneducated horde of individuals with new money it will be a difficult and quite often annoying job to deal with.
Anyone who has ever dabbled in the stock market, paid into a company-sponsored 401k, or put money into a bank money market account knows that these investment vehicles do not produce overnight results. Likewise there are many governmental and banking requirements and regulations that have to be in place before any of these currencies can revalue or appreciate noticeably. Real investors know this and understand it and wait patiently.
It is the lottery winner mentality of the ignorant and uneducated masses who are causing a problem for everyone involved. Many of us who observed what happened with the Kuwaiti Dinar so many years ago jumped into this speculation and have been waiting.. which is all we can do. But let me, for the hundredth time remind you this is not an investment. If it were, then large hedge funds would be buying and selling it and the ultra-wealthy would have purchased everything available. That includes the Zim, which I do hold some of, and would love to exchange at the rates being touted buy some of the internet gurus. But if it were an actual investment then the major brokerages around the world would be using that in platform trades rather than it being sold as a curiosity on Amazon and eBay.
Ponee- Admin
- Posts : 37659
Join date : 2011-08-09 
Re: IRON MAN says the lottery winner mentality of the ignorant & uneducated who are causing problems for everyone in dinarland
by Kevind53 on Tue Sep 20, 2016 12:02 am
Well if you bought some ZWD, which you incorrectly refer to as ZIM, then you are one of the fools.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27225
Join date : 2011-08-09
Age : 21
Location : Umm right here! -
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» What’s Next? Great Awakening or Great Reset?
» FAKE INTEL Fleming says --Exchange Centers went through special training on Fri 15 Jan on the latest updates and protocols to get ready for Tier 4B exchanges this coming week.
» COFFEE WITH MARKZ - Video and Transcript -- Jan 18 2021
» MarkZ says They are anticipating a change in value shortly. Days to weeks
» MilitiaMan says -- ...the articles of late...suggests that the recent devaluation is and was a very big mistake and one they are going to fix...
» Ray Renfrow says -- He is RECEIVING REPORTS OF WEST COAST BANKS MAKING APPOINTMENTS FOR SATURDAY THROUGH TUESDAY...
» Bruce says -- Possible RV on Sunday – most likely Tuesday with exchanges either Tuesday or Wednesday...
» Pimpy says -- They're really starting to get their ducks in a row...we want them off this list.
» France announces its intention to establish strategic projects in Iraq
» The Ministry of Finance denies the existence of a deduction in the salaries of employees for the month of January 2021
» The Minister of Finance receives the Korean ambassador to Baghdad
» The Minister of Finance receives the Saudi ambassador to Baghdad
» THE ARAB MONETARY FUND ISSUES A STUDY ON "CAPITAL FLOWS IN ARAB ECONOMIES: THE RELATIONSHIP BETWEEN INVESTMENT AND SAVING"
» THE ARAB MONETARY FUND, IN COOPERATION WITH THE INTERNATIONAL MONETARY FUND'S CENTER FOR ECONOMICS AND FINANCE IN THE MIDDLE EAST, ORGANIZES A DISTANCE COURSE ON "FISCAL POLICY ANALYSIS"
» Rafidain Bank raises the interest on savings accounts to 5 percent and fixed deposits to 7
» Made in Iraq, launches in Baghdad in the presence of Al-Kazemi
» Representative investment: the private sector is a partner in decision-making
» Parliamentary services demand that all projects be referred through the investment window
» Parliamentary oil: there are efforts to restore Iraq's share in OPEC +
» Al-Kazemi: Supporting and protecting the local industry occupied a large place in the government curriculum
» The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks
» Iran jails U.S. businessman, possibly jeopardizing Biden's plans for diplomacy with Tehran The imprisonment of a fourth American could derail a bid by the incoming Biden administration to revive a nuclear agreement with Iran.
» In partnership with "MasterCard" ... "QNB" launches the Mastercard World Elite Exclusive Card
» The Minister of Planning announces the start of the practical measures to form the Iraqi Private Sector Development Council
» Banks Are Reluctant To Buy Dollars In Cash From The Central Bank
» Al-Kazemi confirms his support in applying electronic automation at border crossings and tightening control to control violations
» The Central Bank celebrates the anniversary of the establishment of the Basra branch
» The economic effects of devaluation of the currency exchange rate
» Iraqi national and foreign security discuss the regional openness of Iraq
» New Deputy Political Affairs and Electoral Assistance appointed for UNAMI in Iraq
» European scheme to break the "dominance of the dollar"
» Tomorrow .. The launch of the activities of the exhibition {Made in Iraq}
» The Council of Ministers sets the date for approving the biometric card, stating that it is documented
» Parliamentary Finance: To vote on the budget next week .. This is the fate of the salary deduction
» Parliament ends discussion of the 2021 draft budget
» American diplomat James Jeffrey: Trump's model will continue in Iraq and Syria
» Representative statement after fears of raising the exchange rate of the dollar against the dinar again - urgent
» US Election Outcome Jan. 20th and Beyond
» Benjamin bla bla blah Fulford - US Election Outcome Jan. 20th and Beyond