5th June 2002, 08:44 AM
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You cannot compare apples with oranges.
Comparing shares and horses is not logical.
The more people buying shares the better for shareholders, the more people betting on a horse the worse for existing ticket holders.
1. If 10,000 people go and buy plenty of shares someone has recommended - what happens?
The share price goes up -bigger profit for existing holders
2. If 10,000 people go and bet on a horse - what happens? The dividend shrinks - existing ticket holders (excl fixed odds) have their dividends slashed and they either win less or lose.
If someone had a method to pick a good share of winners at good odds - they could make a good tax free income of say $1,000/week.
Why would they try and sell their system and make a ST gain of say $50k or $100k and have consumer affairs and ACA chasing them, when they could make a LT gain of 10 times that???
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