Thread: aug 2

I meant STEADY grow, not SLOW grow, although slow grow seems to be the trend. sorry

Slow grow, steady grow, overnight RV...they all work for me as my dinar investment did not force me into hunger or nakedness!!

Originally Posted by danny51

Slow grow, steady grow, overnight RV...they all work for me as my dinar investment did not force me into hunger or nakedness!!

And boy oh boy, are we greatful for that!

Originally Posted by arpking

I would not dis-agree that slow grow rules, but what do you think about the possibility of the ISX opening in conjunction with a slow grow mindset?
I am having a hard time understanding how the ISX can open to foriegn companies with the rate so low. I know many people who would sink thousands in, and that is a drop in the ocean compared to Big Time Investors ( like Buffet, Trump, etc.)
What is your take munny??

I stay in intermittent contact with a few fellow ISXers. Word I get is 8/2/07 will happen (it's still on the ISX website) but not much else will change. You have to realize that it's not going to transform overnight into "Amera-Trade" or the New York Stock Exchange. New foreign investors will still have to go through the same process of opening a bank account and buying stocks in a similar manner as those of us prior to 8/2/07. We might see a good "bump" up in stock prices (already have the past 4 or 5 weeks) but the big movements will happen when (if) ISX goes electronic slated for sometime later this year. Keep in mind the banks are still working on computerization and internet banking. Let's see what happens, we are about 6 days away. Best of luck to all in this very exciting time!!!!!!!

Originally Posted by MunnyBaggs

I stay in intermittent contact with a few fellow ISXers. Word I get is 8/2/07 will happen (it's still on the ISX website) but not much else will change. You have to realize that it's not going to transform overnight into "Amera-Trade" or the New York Stock Exchange. New foreign investors will still have to go through the same process of opening a bank account and buying stocks in a similar manner as those of us prior to 8/2/07. We might see a good "bump" up in stock prices (already have the past 4 or 5 weeks) but the big movements will happen when (if) ISX goes electronic slated for sometime later this year. Keep in mind the banks are still working on computerization and internet banking. Let's see what happens, we are about 6 days away. Best of luck to all in this very exciting time!!!!!!!

I agree the last I heard was they were looking at being electronic by Sept/Oct but dont know if this is still the timeframe

Originally Posted by Onenomad

I agree the last I heard was they were looking at being electronic by Sept/Oct but dont know if this is still the timeframe

well thats still good for me cuase it gives me time to still get in on the isx..working on my passport now..one thing i dont think alot of people grasp is.. once you purchase SHARES of a stock with your iqd then you dont hold the currency any longer.. if it does indeed rv high..you will miss out because your shares values will be adjusted..just as if you bought a car in iraq with your iqd and then they revaled, the currency would be worth much more but your car would still have the same aprox value in us dollars.. does this make any since?? thats why i cant understand people sending iqd to warka to buy stocks with.. hold on to your iqd and wire cash to warka..then convert it to iqd to buy your stocks..the isx is a great investment in my opinion..but to use it to benefit from a rv you would have to hope you multiply your shares worth many times..and then sell them back for iqd B4 it revalues..which would be almost impossible timing unless youve really got sourses..lol i think both should be looked at as seperate investments.. both having large potential good luck to all ..p.s. wheres shotgunsussie?? get tired of this forum to?? good luck all

Originally Posted by Innkeeper1

well thats still good for me cuase it gives me time to still get in on the isx..working on my passport now..one thing i dont think alot of people grasp is.. once you purchase SHARES of a stock with your iqd then you dont hold the currency any longer.. if it does indeed rv high..you will miss out because your shares values will be adjusted..just as if you bought a car in iraq with your iqd and then they revaled, the currency would be worth much more but your car would still have the same aprox value in us dollars.. does this make any since?? thats why i cant understand people sending iqd to warka to buy stocks with.. hold on to your iqd and wire cash to warka..then convert it to iqd to buy your stocks..the isx is a great investment in my opinion..but to use it to benefit from a rv you would have to hope you multiply your shares worth many times..and then sell them back for iqd B4 it revalues..which would be almost impossible timing unless youve really got sourses..lol i think both should be looked at as seperate investments.. both having large potential good luck to all ..p.s. wheres shotgunsussie?? get tired of this forum to?? good luck all

Makes perfect sense to me, thats why we have tried to buy as many shares as possible pre Aug 2nd. Unfortunately our last two buy orders are on hold until after FIL (+/- the 2nd, according to Mr I). I agree if RV happens after FIL then shares will have to be adjusted (reverse split). No matter, its either currency or shares of stock that will make your profit for you, I feel like they will roughly work in tandem, forget the people that think that shares will go through the roof without currency value. NO WAY.

With the stocks you will be able to buy/sell to your hearts content to gain a foothold on the best stocks available on the ISX. Remember, the best investment strategy for the next couple of months will be equal parts, paper at home, balance of IQD at Warka (or other ME bank), and shares of ISX.

if you buy a stock for 1 dinar and there is a rv and the stock goes to 2 dinar and you sell, you wind up w/2 dinar. a rv doesnt negatively affect the isx investors.

I believe that what they're saying is that share values will be adjusted when there's an RV so, if you had 100 shares bought for 1646 dinar (1 USD), you'd later have 1 share worth 1 dinar (1 USD (assuming 1:1 RV)) and not 100 shares worth 1 dinar (1 USD) each for $100 value.

I expect they will make some adjustments, too, but it won't likely be that simple. You have to remember that a share is exactly that - a share of the ownership of the company in question. The number of shares issued dictate the portion of the company owned by the holder of that share. If there are 1,000 shares outstanding, then one share is worth 1/1000th of the company. If they do a 10:1 reverse split, the number of shares are reduced accordingly so there will be only 100 shares outstanding, each worth 1/100th of the company.

The company makes no additional money when shares are traded on the market - only when they issue new shares and that dilutes the relative value of each share previously in existance (how big a share of the company it is) BUT the cash increases the net worth of the company, so the dollar value of the share should be fairly constant, depending on what price they get for the shares. Ultimately, the market value of the shares depends on the market and that depends on the traders' view of the potential of the company.

So, getting back to the RV, and supposing that there is no adjustment, you need to look at how the RV will change the net worth of the company and how it will affect it's potential. Companies (such as banks) which have a lot of cash assets will get a huge leap in net worth unless they split (not reverse) and issue many more shares without drawing in new cash (i.e. divvying them up amongst the company board members). They can't do this without the agreement of the current stockholders unless there's something in the policies and rules of the company to allow it.

I'm no expert, so that's the best I can do for an explanation. I can't help thinking they will have some other trick up their sleeves that I haven't thought of...

Originally Posted by lglwzrd

if you buy a stock for 1 dinar and there is a rv and the stock goes to 2 dinar and you sell, you wind up w/2 dinar. a rv doesnt negatively affect the isx investors.

It depends on how big the reval is. Maybe a little reval doesn't have much of an effect, but a significant one of say 1 to 1 would. The value of stock wouldn't grow anywhere near as high as the value of Dinar would. Stock should actually be revalued in fewer Dinar, after a significant reval, to reflect the new strength of the Dinar against the Dollar.

The value of stock is based on the value of a company's assets and the millions of shares they have on the market.

A company worth $10 million dollars U.S. today (10 BILLION Dinar) would still be worth only $10 million dollars U.S. ( only 10 million Dinar) tomorrow after a 1 to 1 reval.

The value of a company's stock would need to be expressed in an amount of Dinar, after the Reval, that was now the equivalent of that same $10 million dollars U.S..

Just to use round numbers. If a company worth $10 million dollars U.S. had 1 BILLION shares of stock in circulation, they'd be worth roughly 10 Dinar each today, but only 1 FIL after a 1 to 1 reval.

No investor in the ISX loses any of their investment. The value of their investment just stays the same. Their 10 Dinar stock today and their 1 Fil stock tomorrow would both be equivalent to 1 U.S. Penny on their respective days.

Conversely, an investor holding cash Dinar would make 1,000 times their investment after a 1 to 1 reval.

That's just how it works. Buying stock is more like buying property or, as another member said, a car.

That's the risk you take.

Currency is currency. Investing in currency is as risky as investing in stocks, they're just different risks.

For me, I believe in the possibility of a Reval of the Dinar. It may not be 1 to 1, but I still believe there has to be some kind of a Reval.

I'd be happy with 1 penny on up, but I don't see how anything less than 1 to 1 helps their people get their lives back on track and brings peace to their Nation. JMO.