Money money money....

Originally posted by Ponderable
So being rich is a question of perspective. I assume that there is a perception of a wider gap between the lower half of erath's Population than the other half...

And yes it is obscene the amount of Money amssaed by some individuals on the cost of the General populace and the poor People. This I thought years ago when it became known that Air Jordan made more Money from his Nike contract than all workers in Malaysia combined...

Greed has always been and still is the destructive crux issue.

Wealth per se if handled responsibly provides employment opportunities for others and charitable donations.

Even with moderate incomes, money can become a terrible master or a dutiful slave.

As you've noted, Ponderable, "So being rich is a question of perspective."

I don't know what it's like elsewhere but here in Canada the Big 5 banks here make, almost every quarter (there may be a couple of them that didn't for one or two quarters and that was due to them, not not making money just some accounting "tricks" to look like losses...all legal of course) new "record breaking" profits.

Originally posted by Great Big Stees
I don't know what it's like elsewhere but here in Canada the Big 5 banks here make, almost every quarter (there may be a couple of them that didn't for one or two quarters and that was due to them, not not making money just some accounting "tricks" to look like losses...all legal of course) new "record breaking" profits.

Steve, do their Shareholders also reap some of these financial benefits?

Originally posted by Grampy Bobby
Steve, do their Shareholders also reap some of these financial benefits?

Oh indeed we do. Though we also pay.

Originally posted by Great Big Stees
Oh indeed we do. Though we also pay.

And investors both expect and deserve a fair return on their investments?

Originally posted by Grampy Bobby
And investors both expect and deserve a fair return on their investments?

I'd say, for the most part, yes. Unless, of course, your accountant says, "look you need a loss to write off against your taxes."

Originally posted by Great Big Stees
I'd say, for the most part, yes. Unless, of course, your accountant says, "look you need a loss to write off against your taxes."

.... which would be the investor's prerogative.

Originally posted by Grampy Bobby
.... which would be the investor's prerogative.

Of course the final choice is that of the investor. The accountant is only advising that there are options available.

Originally posted by Great Big Stees
Of course the final choice is that of the investor. The accountant is only advising that there are options available.

Yes, Do longer term investments require additional criteria?

Originally posted by Grampy Bobby
Yes, Do longer term investments require additional criteria?

Not necessarily, just patience and investing at a young age.