Fish for all,
What happened when people decide to buy quota was the same as when some people bought futures on oil, or went long on gold purchase...they al decided to research an investment and hoped it would pay a dividend or go up in price. In fact buying quota was a great investment..most made 10% or better on their investment over 7 or more years. That paid for the original investment. If in fact you were a an actual hard working fisherman, then you made a profit on top of the original investment, good business practice to be sure. However, if the investment goes down, or the market causes them to consolidate shares, or the share price just goes down..that's the way it is with investments. So you bought quota, knowing it was quasi-legal, or that it may not always be solid...too bad, that is the natural way with the market...you made a good return on the money, and now you may lose on it...that is the way of the commodity market, which this has been turned into!
Traveller
What happened when people decide to buy quota was the same as when some people bought futures on oil, or went long on gold purchase...they al decided to research an investment and hoped it would pay a dividend or go up in price. In fact buying quota was a great investment..most made 10% or better on their investment over 7 or more years. That paid for the original investment. If in fact you were a an actual hard working fisherman, then you made a profit on top of the original investment, good business practice to be sure. However, if the investment goes down, or the market causes them to consolidate shares, or the share price just goes down..that's the way it is with investments. So you bought quota, knowing it was quasi-legal, or that it may not always be solid...too bad, that is the natural way with the market...you made a good return on the money, and now you may lose on it...that is the way of the commodity market, which this has been turned into!
Traveller
