Don’t Invest in the ASX… Go Public Instead


AMP economist Shane Oliver-doing his best Irving Fisher impersonation-puts is this way, “There is no sign of any impending crash on my calculations … the economic backdrop looks pretty good with pretty solid profit growth, relatively low interest rates, all at a time when the demand for shares is quite high.” ASX 200 7,000, here we come!

Here’s an idea. Don’t invest in the share market at all. Instead, become a public company and float yourself on the market. Be the supplier, not the demander! It’s probably the quickest way to get rich these days on the market, short of working for an investment bank or as a hedge fund manager, investing other people’s money.

Dan Denning
The Daily Reckoning Australia

Dan Denning
Dan Denning examines the geopolitical and economic events that can affect your investments domestically. He raises the questions you need to answer, in order to survive financially in these turbulent times.

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Mark Bragg
7 years 10 days ago
I believe floating yourself is the best idea, even after the crash. However, I have to ask how badly the author must feel for quoting idiocy on stilts who quoted in 2007 no crash is coming. The writing was on the wall for the rest of the world, and some how this economist thought they were insulated. At least we put our errors in print, so I do commend him for being bold, albeit ill informed. Here we are in 2009, and we believe markets are turning around, however, the writing again is on the wall for a crash late… Read more »
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