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The Great 100 YooYoo Share Experiment?

  • 01-05-2007 10:36am
    #1
    fatboypee
    Registered Users, Registered Users 2 Posts: 958 ✭✭✭


    Where to start ?

    I've one share, acquired while working for a company...

    The Cert's been in the drawer for over 4 years.. gaining very little every year...

    Was wondering, how could I make lots of yooyoos, starting only with this share (or lose the lot)...

    I'm not flush with cash whatsoever but just wondered, any advice, comments etc on getting a complete novice started on this ?

    Is it even possible to grow this amount?

    Or am I being Stupid ?? (very high possibility of this I expect :))

    Cheers.

    FBP.


Comments

  • #2
    Diarmuid
    Registered Users, Registered Users 2 Posts: 3,981 ✭✭✭Diarmuid


    So you are saying the share is worth 100E? Not really worth investing. Your transaction costs will negate any gains you make.


  • #3
    Nytfevr
    Closed Accounts Posts: 22 ✭Nytfevr


    When buying shares, you generally have to pay a transaction fee to the stockbroker. This is generally in the region of E20-E40. (For AIB I think it's E100) On top of that, most stockbrokers charge you an annual fee to maintain your account and this will set you back a further 40ish lids. So assuming your share is worth E100 there isn't much you can do with it. Assuming you buy E1000 worth of shares in a company, as a general rule the company will have to rise 8% before you see any profit! Obviously if you buy greater amounts, this percentage decreases, bear in mind that you also pay goverment fees of around 2% when you buy shares!


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