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90 at 9am: Jackal celebrates Strategic receivership; Bryers secret trust; US trade deal

Bernard Hickey details the key news over the weekend in 90 seconds at 9am in association with the BNZ, including news that Strategic Finance was put into receivership late on Friday. Campaigners who had been pushing for receivership were happy, including John Lacey, known as 'The Jackal' for his tireless campaign. Here's what he told the Sunday Star Times. "I worked hard for this," he said. "I don't drink, but I'm taking my wife out for a steak." He heard the news in the car park of Work & Income in Nelson, where he has worked as a security guard since his savings were frozen by Strategic in August 2008. The former accountant, nicknamed "the jackal", had campaigned for 18 months to have receivers appointed and felt vindicated. "The jackal's done his job," he said. "I had their arses in a thorn bush and they had nowhere to run." Lacey, who is owed NZ$379000, believes investors will see less than 50 cents in the dollar back. Here's what he told the DomPost. The receivers should appoint a liquidator and forensic accountant to investigate Strategic's transactions and sell the company's assets in a "timely manner" rather than in a firesale, he said. "If people aren't repaying their loans, get someone in there who's an 800-pound gorilla to start kicking the little chimpanzees' derrieres and make them pay." Meanwhile, there's more news on where some of the money behind Mark Bryers and Blue Chip Investments might have gone. The Herald on Sunday reports that Bryers had a secret ...

Have You Given Up Your Hope on Stock Investment?

I have working in the financial sector for 8 years now. Having worked in investment company and also worked as a broker, this allows me to gain a lot of knowledge in the financial world.But the best learning experience actually comes from a 50 years old secretary in one of my previous firm. Her stock dividend alone is $20,000 a year, to her this is her tour package fund. She will use this amount of her dividend to travel to Europe and Australia.So I ask her what is her investment strategy. She said buy blue chip stocks in market downturn and wait patiently. Then she will list down the buying price of all her blue chip stocks, all of them are in super low price. When blue chip stocks make money, they will pay out good dividend. And good companies will increase their dividend payout year after year.Recently I had heard some of my friends saying that they will not invest in stocks anymore. It seems like they have lost hope on stock investment. Then they will lose the biggest money making opportunity of their life time. ]]> Retail investors should adopt a very long-term horizon to benefit from the stock investment.The best opportunity of major stock investment is during bad times. Always try to start major investments during a recession, a global market crisis, a banking crisis or when nobody is interested in stocks, such as now.When fear and panic happens and people sell irrationally, fundamentals and intrinsic value are thrown out the window. This is when good companies get dumped together with the bad. Even stocks that are not directly related to the financial crisis are being sold at ridiculous prices.Bull and bear markets always repeat themselves, just like summer and winter. We all know from history and common sense that the market will eventually recover and go to even higher highs.If you want to emerge a winner, then stay calm, keep your logic and hold and invest in solid companies that are generating free cashflows, low in debt, and has to ability to recover after a recession.I am calling for a bottom when S&P500 goes down to 800 or when STI goes down to 1200. At that time it would be the time for investors to commit "big". I am sure our investment will pay off handsomely 2 - 3 years down the road.If you dont have a broker account yet, send an email to me at metal.commodity@gmail.com, I will recommend my broker to you.Disclaimer:The material on this article has no regard to the specific investment objectives, financial situation, or particular needs of any visitor. It is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments.The author accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material.Originally published here.brend