Comments on: Fusion Investing Fund Buys ANZ Bank http://www.fusioninvesting.com/2008/07/fusion-investing-buys-anz-bank/ Fusing Fundamental and Technical Analysis with lashings of Behavioural Finance. Investing in Australia and North America. Wed, 28 Jul 2010 20:14:09 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dean Morel http://www.fusioninvesting.com/2008/07/fusion-investing-buys-anz-bank/comment-page-1/#comment-69 Dean Morel Thu, 17 Jul 2008 13:24:08 +0000 http://www.fusioninvesting.com/blog/?p=88#comment-69 Anecdotally a small business owner friend just swapped from CBA to NAB for their business banking. NAB had much better deals on their eftpos. Sleeker wireless terminal, lower rates. Small business will go where they get the best deal. Jeff, I really hope you didn't lose money in Opes and so sorry if you or someone you know did. I read contracts all the time and still may have missed the fine print that the shares wouldn't be actually owned by me. I'm about to open a small business bank account, so I'll report back on the deals available. <b>Inflation</b> News aggregator <a href="http://www.businessspectator.com.au/bs.nsf/search?searchView&query=%28%5Bbodyrich%5D+contains+inflation+or+%5Bbodyhtml%5D+contains+inflation+or+%5Bprecede%5D+contains+inflation+or+%5Bheading%5D+contains+inflation+or+%5BNomAuthor%5D+contains+inflation%29&SearchOrder=4&count=500&start=1" rel="nofollow"> Inflation News</a> Working person's paper says "Australia winning battle against inflation" <a href="http://www.news.com.au/heraldsun/story/0,21985,24031228-664,00.html" rel="nofollow"> Herald-Sun Inflation</a> <a href="http://www.rba.gov.au/Statistics/measures_of_cpi.html" rel="nofollow">Reserve Bank (RBA) Inflation Statistics</a> Anecdotally a small business owner friend just swapped from CBA to NAB for their business banking. NAB had much better deals on their eftpos. Sleeker wireless terminal, lower rates. Small business will go where they get the best deal.

Jeff, I really hope you didn’t lose money in Opes and so sorry if you or someone you know did. I read contracts all the time and still may have missed the fine print that the shares wouldn’t be actually owned by me.

I’m about to open a small business bank account, so I’ll report back on the deals available.

Inflation
News aggregator Inflation News
Working person’s paper says “Australia winning battle against inflation” Herald-Sun Inflation

Reserve Bank (RBA) Inflation Statistics

]]> By: Dean Morel http://www.fusioninvesting.com/2008/07/fusion-investing-buys-anz-bank/comment-page-1/#comment-66 Dean Morel Wed, 16 Jul 2008 04:24:55 +0000 http://www.fusioninvesting.com/blog/?p=88#comment-66 Forgot to mention the initial position in ANZ was 1,000 shares. Predictable bounce today, but I still expect lower prices. The great thing about initiating positions at wash out low points is that you then feel no pressure to chase any run-ups. I only bought less than half the ANZ shares and around 1/6 of the Australian financial shares I plan to accumulate. However, having a partial position removes the "I missed the boat feeling" which leads many investors to chase prices. Forgot to mention the initial position in ANZ was 1,000 shares. Predictable bounce today, but I still expect lower prices. The great thing about initiating positions at wash out low points is that you then feel no pressure to chase any run-ups. I only bought less than half the ANZ shares and around 1/6 of the Australian financial shares I plan to accumulate. However, having a partial position removes the “I missed the boat feeling” which leads many investors to chase prices.

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