Risk takers - are they BRAVE or STUPID or just plain GREEDY?
This is a real life situation:
On Friday 13th March 2009 there was the opportunity to buy a 'perpetual' (i.e. no maturity date) bond denominated in euros paying 4.95% at a bid price(what the client pays) of 15.5 cents to the euro.
This means you would only have paid 155 euros plus 1.55 euros commission per 1,000 euros of this bond.
Normally the higher the 'coupon' (interest) rate the higher the risk (NOT a high coupon rate in this case) - also, normally, a low the market price is indicative of higher perceived risk (true in this case, but the bond is actually a much lower risk than the market price on 13th March indicated*).
What would you have done?
Would you be scared of the perceived risk?
Money can be a dry and boring subject to many, yet most of us need money to live!
The love of money is, I believe, evil -
but if you make money because you need to spend it on something worthwhile then it can be fun!
I'm really interested in what people perceive as a worthwhile risk if they are determined to reach a goal in life.
P.S. * Regarding the perception of risk I mentioned this same bond could be sold for 28 cents to the euro on Friday, 3rd April 2009 and would now cost about 30 cents to buy (instead of 15.5 cents) and is nolonger, in my opinion, a 'bargain'.......
No surprises really, but some helpful suggestions on analysis.......... naturally, I am a Logic/Math orientated person who likes to get physical when not indulging in linguistical contortions!
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According to what I've read in the bible God must be a liar.
The way he tested Abraham was both a lie and very, very cruel......... the way he supported those he chose over others he created in battle was very cruel.
A cruel and evil God.
If God really loved/loves us He would not have allowed evil to come into existence......... period!
Sorry, God - this son is feeling quite rebellious and anyway if you created mankind in your image and we are like you then you're not that nice an entity - right?
I've been told that God never changes - that the God of the Old Testament is the same God as the God in the New Testament........ a nasty piece of work if you think about it!
Really - we should live all our lives in the hope that if God exists He isn't the God we read about in the bible!
I hope your post wasn't directed at me (Your Imperial Holy Mercurialness!).
I believe you have sinned!
I believe you should repent!
Your punishment is this - go drink a glass of wine!
Then you must go forth into the outside world and kiss three very pretty young ladies - and only ask them AFTER you have kissed them if they found it a deeply religious experience!
Very nice post and what I believed, but the atheists here (although maybe not filled with over-flowing spiritual love and afection to all) DO have valid points!
Christians believe God created everything - then He must have created both Good AND evil. The arguement that Satan was/is a fallen angel doesn't take away the logic that if God created angels then God created Lucifer and God created the ability to be evil which makes God's motivation suspect.
Somebody once told me that God didn't create the angelic hosts - well then he didn't create everything and would therefore not be the supreme creator.
I think it's a good thing to have faith - and if you can have faith in something you perceive as good and can make you a better person then that's 'nice'.
I still believe the concept of Original Sin is not nice and something a rational human being has the right to question. The religious answers to such a question are all very 'sweet' but do not take away the fact that it makes us all born guilty when as individuals we should be free of sin that we have not commited.
I also know that this concept brings humility - we may think we have not sinned but have sinned without knowing in that we may have had an unfounded 'superior attitude' (definitely shown by some atheists who quite deliberately show they think anybody who has faith is being foolish).
The atheists DO have many valid points though and should not be dismissed - I personally believe that religion can be both a good and a bad thing for society..... depending where and when you live!
The pilot went on a bender last night and is seeing kinda double and the auto-pilot's not working too good either..........
You're thinking about taking a pee and there is no queue and decide to go 5 minutes later - five minutes later the queue to the toilet is half way down the pigging aisle and by the time it's got down to one person the tannoy tells you to sit down and buckle your belt because you are about to land!
Welsh people talk like that all the time and can remember total drivel for years, look you! No wonder my mum, who is Welsh, has a memory greater than that of an elephant!
rusty_knight Forum Posts (6,840)
What would YOU have done?
Risk takers - are they BRAVE or STUPID or just plain GREEDY?This is a real life situation:
On Friday 13th March 2009 there was the opportunity to buy a 'perpetual' (i.e. no maturity date) bond denominated in euros paying 4.95% at a bid price(what the client pays) of 15.5 cents to the euro.
This means you would only have paid 155 euros plus 1.55 euros commission per 1,000 euros of this bond.
Normally the higher the 'coupon' (interest) rate the higher the risk (NOT a high coupon rate in this case) - also, normally, a low the market price is indicative of higher perceived risk (true in this case, but the bond is actually a much lower risk than the market price on 13th March indicated*).
What would you have done?
Would you be scared of the perceived risk?
Money can be a dry and boring subject to many, yet most of us need money to live!
The love of money is, I believe, evil -
but if you make money because you need to spend it on something worthwhile then it can be fun!
I'm really interested in what people perceive as a worthwhile risk if they are determined to reach a goal in life.
P.S. * Regarding the perception of risk I mentioned this same bond could be sold for 28 cents to the euro on Friday, 3rd April 2009 and would now cost about 30 cents to buy (instead of 15.5 cents) and is nolonger, in my opinion, a 'bargain'.......