Friday, October 24, 2008

Bargain basement. Never to be repeated.

I notice that Dr Shane Oliver, of AMP Capital Investors,has stated that he is preparing to borrow against his Sydney home to buy shares. Why? Because buying shares when the ASX 200 is trading at below 4000-point levels offers potentially bigger returns than when the benchmark climbs back above 6000 which it will of course. This is a once in a lifetime global event....and therefore a once in a lifetime opportunity to create wealth. Don't panic. Just buy quality at dump yard prices.

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