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The Probus Club of Kincumber IncEstablished 1984Post Office Box 6109 Kincumber 2251 |
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Guest and Member Speakers
July Meeting Guest Speaker Brian Coothe from Centrelink Financial Information Services gave a most interesting talk about the pitfalls of investing in our retirement years. He said that the present single pension was insufficient to live on with reasonable quality of life and that the situation would almost certainly become worse in the future. Superannuation will not make a significant impact on the problem for about 20 years. Pensioners had been largely ignored in the last Budget, but the government was currently looking at addressing this. He strongly cautioned against seeking investments with large returns. More than 1.5% over the bank rate is too risky. He reminded us of the old adage: “If it looks too good to be true, it probably is.” Brian was very critical of the banks for creating the current sub-prime mortgage crisis. Their behaviour was reminiscent of what had occurred during the dot com crisis. Brian’s talk was followed by a lively question and answer session. August Meeting School Debate
Topic for Debate
" That the Olympic Games Make the world a better Place" School For theAffirmative : Erina High School
School For the Negative : Green Point Christian College September Meeting Mile Ryan will be giving a talk and presentation on his experiances in the concrete industry entitled ":Concrete Boots" October Meeting John Mulford will be talking about and giving a very interesting slide presentation on "Shipwrecks of the Central Coast" November Meeting Marie Riley will bring us up to date with a thoroughly researched :"History of the Central Coast" To go to top Click Here |