NAB Sub Notes correspondence

As indicated in this month's 'In a Nutshell', our article 'NAB Sub Notes: At sea and no lifejacket' stirred up a bit of controversy. In the interests of members seeing both sides of the story, I have provided a copy of an email from Sulieman Ravell, Managing Director of Wealth Focus, with his views on why we are wrong. My responses/comments are in italics. The main point I think this (and the previous Greg Hoffman/Marcus Padley debate) demonstrates is that these types of securities are far more subjective than your average security. They require you to take a view on...

As indicated in this month's 'In a Nutshell', our article 'NAB Sub Notes: At sea and no lifejacket' stirred up a bit of controversy.

In the interests of members seeing both sides of the story, I have provided a copy of an email from Sulieman Ravell, Managing Director of Wealth Focus, with his views on why we are wrong.

My responses/comments are in italics.

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