So how much have you made or lost on the markets over the past 2 years?

TheInquisitor

'06'Bought 18000 providence at 8c for 1500 euro. Still have them . Worth bout 750 now

'07' Bought AIB and RBS at 18 euro and £6. Total Cost around 3500

'08' Sold AIB and RBS at 13 euro and £3.50 odd. Brought back around 2030.

'08'Bought 3500 Kenmare resources for.58c with the 2030 or so.

'09'So total value of shares held roughly 720 providence and 805 kenmare.Total1525

Overall Accounting loss of 3500.Overall Realized loss of 1500

Original Investments cost E5000. Value now of investments E1500

Which for an ex student (since june) is pissing me off!

So ladies and gentlemen how much have ye made or lost since the good times left us?

(Luckily i refused to get into CFD's , probably a life saver)!

homer911

I'd say your losses are relatively modest, although clearly not for you.

"Only invest what you can afford to lose"

TheInquisitor

Well thats what i did. I could afford to loose that. I didn't want to loose it but i could afford it. My losses compared to most people are minuscule. Now get with the program people and tell me you've lost 1 billion so i can sleep better at night

Raskolnikov

In fairness Inquisitor, at least you've demonstrated one thing. You recognised when an investment decision you made was wrong, and you got out even though you were going to make a loss. That's something that I'd say 90% of people are unable to do.

soddy1979

I lost quite a lot in a suite of mutual funds by getting out in October/November last I think. It was a bad move in hindsight. I was heavily weighted in emerging markets and I would have recouped a good portion of my losses had I maintained my positions. It was my first real foray into investments so although I lost a bit, I learned a lot.

I stayed in cash until June while I was studying and I'm now I have portions of my portfolio in commodities, eurobonds, emerging market equities, developed market equities and cash. My strategy is diversify, buy and hold for the long term.

stevedublin

TheInquisitor wrote: »

'06'Bought 18000 providence at 8c for 1500 euro. Still have them . Worth bout 750 now

Me*2, still have them too. they were about 12 c at one stage

TheInquisitor

I should have sold them even when i was breaking even...hindsight is a biatch

Still though im hopefull for the next 2 years. Exxon is meant to be drilling early next year so providence's 16% share might be worth something if they strike a decent field. Their hoping to be at 5000 barrels within 2 years. So far thier produciton forecasts have been accurate

With kenmare i dunno, they rarely release information. I have heard they have found a new deposit in mozambique but not from the company themselves.

If anyone wants to buy my 18000 providence and 3500 kenmare you can do so for the cheap price of E5000. Please PM me if interested :D:D

strmin

I started investing in November. Made few mistakes, learnt few valuable lessons. So far my portfolio is up 30%.

Block (8

TheInquisitor what have you learned about shares and about yourself along the way as tips for me and many others on this forum trying to cash in and invest on the current low prices. Thks.

daveirl

This post has been deleted.

david....

in total i made 450 euros.

pog it

strmin wrote: »

I started investing in November. Made few mistakes, learnt few valuable lessons. So far my portfolio is up 30%.

Care to share on general nature of mistakes?

I bought Google shares couple of years ago without having a clue about shares at the time only bought 2k (at the time they were $ 600 and lucky enough I started reading up and thought **** it, I'm getting out again. After making the mistake of paying 100euro transaction fee each way by buying shares by telephone (don't do it folks!) and stamp duty or foreign costs of around 50 euro, I made 40 euro profit.

So all in all a good learning experience. I would say if you just have 2k to invest, either go with a growth company investment. Or a savings account.

heno55

bought boi,1654@139 ,300@59, 1173@91, 2000@164,sold 2000@180, 1000@161, 2127@197. profit after com and stamp 2249.69
bought aib,958@242, 250@119, 4057@97, 4000@167,500@159, holding 5765 @177 would be in profit of 3167.87
bought anglo,2140@86, 473@87, 1000@40, 12000@28,loss of 6392.58
bought irish permanent,1642@144, 100@179. sold 1742@214, profit 1038.02
bought dragon oil, 157@201, sold @274, profit 72.50
bought providence, 38000@0.025, sold@ 0.03, profit 120.60
bought crh, 10@18.49, today's price 17.63,loss of 30.50
so after almost a year i have made a massive profit of about 225.60
its been an interesting time with a lot of hard lessons learned

pirelli

Bought BOI at 0.65 and sold at 1.48
Bought Fyffes at 0.35 and still holding


Overall Profit 30% on principle sum.

A further 10% on my remaining profits that I left in Fyffes.
I have also left shares in a pharma company.


I did initially make 50% profits but lost money on commission and stamp when i moved main principle to INM and panicked and moved it to ILM and then moved it again. Racking up commission so i moved my money to overseas to save commission.

I just made 96 dollars on my US account in a quick trade today and my portfolio made an average of 2-3%. My original strategy was to focus on USA financial s and scrape off some profits and this was very effective. Now I watch every sector, Housing is picking up and oil is making a recovery as is motor industry and media. A new system is to find a list of companies that pay a dividend and jump in on the ex dividend date and then sell immediately after.

Pharmaceuticals and the bio tech offer opportunities with the run up to an FDA approval date. This can be very lucrative and i don't usually hang about for the approval.


All in all alot of very hard work and as far as the usa account goes i would have been better with my original plan and left it all on bidu. I find i have made huge sums on risky trades and also lost those profits quickly on a greedy jump onto some crazy stocks. A bit of a roulette wheel sometimes. I haven't lost my principle amount but i have seen 2 weeks hard grafting wasted on some risky investments.

Daragh101

im 18, so i have only had a couple of holdings.

AIB :bought 1000 for €2 sold for €2.35

Boi :bought 600 at 0.56 sold at €1.40

fyffes: bought 4000 at 0.30 ,still holding.

keeping away from banks now with the whole NAMA thing.

pog it

Daragh101 wrote: »

im 18, so i have only had a couple of holdings.

AIB :bought 1000 for €2 sold for €2.35

Boi :bought 600 at 0.56 sold at €1.40

fyffes: bought 4000 at 0.30 ,still holding.

keeping away from banks now with the whole NAMA thing.

only 18? I'm 27 now and only got started a year and a half ago. Fair play to you!

Lucky one selling AIB for 2.35. That could have gone bad on you.

Daragh101

pog it wrote: »

only 18? I'm 27 now and only got started a year and a half ago. Fair play to you!

Lucky one selling AIB for 2.35. That could have gone bad on you.

I no ya, at one stage the price was at something like €0.27 per share, very lucky to get out of that one.

EoghanBuckley

I have jst turned 18 and i have been trading virtually with the nyse for the last 2 years....i began at 100,000USD and after about 4 months on one portfolio i am up to 316,000. Am opening up a proper account in the next few days. I have a brother who is working on Wall St. so some of the inside info is quite helpful. I am not going to go anywhere near the ISEQ though.... no money to be made compared to NYSE!! does anybody else trade on the NYSE?

pocketdooz

EoghanBuckley wrote: »

I have jst turned 18 and i have been trading virtually with the nyse for the last 2 years....i began at 100,000USD and after about 4 months on one portfolio i am up to 316,000. Am opening up a proper account in the next few days. I have a brother who is working on Wall St. so some of the inside info is quite helpful. I am not going to go anywhere near the ISEQ though.... no money to be made compared to NYSE!! does anybody else trade on the NYSE?

how have the other portfolios done over the remaining year and 8 months?

I only trade US stocks.

Any good ideas currently ? I like TINY, VMED, LIFE, LBTYA, OMC

Daragh101

EoghanBuckley wrote: »

I have jst turned 18 and i have been trading virtually with the nyse for the last 2 years....i began at 100,000USD and after about 4 months on one portfolio i am up to 316,000. Am opening up a proper account in the next few days. I have a brother who is working on Wall St. so some of the inside info is quite helpful. I am not going to go anywhere near the ISEQ though.... no money to be made compared to NYSE!! does anybody else trade on the NYSE?

Ya i did use vertual trading for about six month or so. I was really interested in it for a while and done quite well, but after a while i got sick of researching companies that im not really investing in!...Found it a good way of learning doh!

EoghanBuckley

well, i have been bouncing around a bunch of different companies, at the moment i have bought stock in Goldman Sachs, barclays(which has done amazing over past 7 months), Intel, Seagate Tech., apple, American Express,JP Morgan, caterpillar, Continental Airlines, Du Pont, Dow chemicals. By far the best performer is Barclays. Buy into the American markets,the charts are bullish so it seems as the US economy is pulling out of recession.

EoghanBuckley

I have 2 other portfolios running,the earlier of the two which began last September is at 366,000 and i started one against my Bro who is a trader a few weeks ago, it is at 160,000.

ixus

Eoghan, that all sounds good. Something to think about is how much would the transaction costs for all your trading have eaten into your profits. There is a danger of over trading where transaction costs can wipe away your profits in the long run. Worth keeping in mind.

Also, the exchange rate at the time of your trading. What would that have done to your profits.

This will give you a true reflection on your trading.

EoghanBuckley

The virtual stock exchange that i use allows me to set up commission fees per trade and on my portfolios there is commission fee of $15. so all the figures are gross profit. and yes i do agree that the exchange rates aren't great for profits.

DJDC

I have jst turned 18 and i have been trading virtually with the nyse for the last 2 years....i began at 100,000USD and after about 4 months on one portfolio i am up to 316,000. Am opening up a proper account in the next few days. I have a brother who is working on Wall St. so some of the inside info is quite helpful. I am not going to go anywhere near the ISEQ though.... no money to be made compared to NYSE!! does anybody else trade on the NYSE?

I assume you are just referring to general market buzz rather than true insider info. If its the later, just be very careful the SEC is very fast and efficient. They are a whole different ballgame to the toothless regulators this side of the pond. If I was your brother I wouldnt say a word to any friends and family about his job. You really have to be squeaky clean nowadays as anyone working in markets will confirm.

EoghanBuckley

Oh yeah its just general buzz, all of the inside info to specific companies is extremely private. But the news buzz that goes around is quite helpful in itself.

i traded years ago and got wiped out

but i finished college last year and this year around march i put 1900 into my goodbody account, everything started rosey,
i bought 1100 smurfit shares for 1.33 and sold a month later for €3 a share, i then daytraded for a week on irish life and my portfolio stood at €5000 so i bought what i thought was a handy short term investment of newcourt at 4c, bought 100000 at a cost €4000, well cut a long story short they are now in recievership. although reading up on other forums there is still a slight chance of getting something from them.

so my current holding is 4500 in petronef, bought for 18cent, still 18 cent

hopefully newcourt isnt dead in the water but if it is i am currently down €1000

Smcgie

Deleted User wrote: »

i traded years ago and got wiped out

but i finished college last year and this year around march i put 1900 into my goodbody account, everything started rosey,
i bought 1100 smurfit shares for 1.33 and sold a month later for €3 a share, i then daytraded for a week on irish life and my portfolio stood at €5000 so i bought what i thought was a handy short term investment of newcourt at 4c, bought 100000 at a cost €4000, well cut a long story short they are now in recievership. although reading up on other forums there is still a slight chance of getting something from them.

so my current holding is 4500 in petronef, bought for 18cent, still 18 cent

hopefully newcourt isnt dead in the water but if it is i am currently down €1000

Your story is practical the same as mine.. quite strange how they are nearly the same. I hold 113000 Newcourt. I hope your involved with the action group and have donated. See www.newcourtactiongroup.com if not

heno55

to add on to my original reply on this thread (post #13) i sold 5000 aib at 213 and 2127 boi at 197, gives me 18k in my account, i started with 14k and when you take out the loss of 6k in anglo i guess i havent done to bad for a novice:D