Forum Archive Index - September 2003

["David & Jill Stevenson" <djstevo@quicksilver.net.nz>]

In defence of Jim ,and he probably does not need it, his determination that your message was ex Australia  perhaps prompted his reasonable reaction.  Have you re-considered the possibility that just perhaps you were presumptuous yourself  automatically concluding it was a Kiwi/Australia issue .Being subtly and politely unstated maybe it was rather a size of market issue . If I was involved in the American market I would have to adopt techniques not quite so applicable here- due to market size. You will have to agree that the American market is subject to hysteria ,religious ,political and economic.To accomodate  for temporary over- reaction

 TA is an imperative as a tool where one must compete like against like.

      You say that you are"  allowed " to earn a comfortable living from trading - Is that governing factor  of a religious nature ? If so, I therefore remain bemused when noting your statement that you earn "very good money " from that activity when you statedly regard that injunction as ,dare I say it , a conveniently and subjectively exercised tolerance. A strange injunction indeed !

      I note that certain UK Banks are now bending over backwards ,complying with  specious argument , to cater for Muslim investors even purchasing the property involved for that customer because they have religious  aversion to the word , interest .A rose by any other name is still the same -no matter what contortions  are used.These  tactics are rather akin to the behaviour of cheap and conniving politicians.

. Capital represents savings and foregone  indulgence , a noble example of self denial . To classify it`s returns  in demeaning and negative fashion as being morally wrong is the height of hypocrisy . Sheer pragmatism is the word I would use ! 

 

                                    Best of luck !

                                                              David S.