Mad Mel, good to find a fellow traveller. I lost heaps in 2008. I didn't trade myself but left it to others in investment units. I decided that I could be just as easily lose money without paying someone to do it for me. I sold the units and now investing myself (since January). I agree with you that the market has been kind. My portfolio has increased in paper value, but this means nothing, as I think you are implying, until the cash is banked. Its quite a roller coaster ride with elation when share prices go up and down to earth with a bump when they fall. I try to keep cash handy for opportunities and have missed some good ones! Retrospect, I have found, is a great science. If only...if only... My biggest challenge is knowing when to sell!
How much have you made since the low in March?
- Thread starter Pallen
- Start date
Mad Mel, good to find a fellow traveller. I lost heaps in 2008. I didn't trade myself but left it to others in investment units. I decided that I could be just as easily lose money without paying someone to do it for me. I sold the units and now investing myself (since January). I agree with you that the market has been kind. My portfolio has increased in paper value, but this means nothing, as I think you are implying, until the cash is banked. Its quite a roller coaster ride with elation when share prices go up and down to earth with a bump when they fall. I try to keep cash handy for opportunities and have missed some good ones! Retrospect, I have found, is a great science. If only...if only... My biggest challenge is knowing when to sell!
So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
- Posts
- 7,467
- Reactions
- 1,469
I'm fully invested and have been since Mid 07, even when ive sold something in profit, its only a matter of days or weeks till its back in, so i consider that fully invested, since Feb my capital base has grown by about 15% and net worth by about 45% thanks to averaging down near the bottom and participating in the many SSP,s and rights issues etc...also been very active building part free carry positions in some quality stocks.
Its been a great money making opportunity since Oct, and we all should of made alot more than we prob did, i know i was way to conservative, still the pain of early 08 will live long in my memory....have decided this week to sit on the side lines for a while once im out of my 2 current active positions.
Its all looking a little over the top at the moment.
Its been a great money making opportunity since Oct, and we all should of made alot more than we prob did, i know i was way to conservative, still the pain of early 08 will live long in my memory....have decided this week to sit on the side lines for a while once im out of my 2 current active positions.
Its all looking a little over the top at the moment.
Most of my investments are in property, Super though also have a play fund, and try beat the ASX. I'm not a rabid trader but in past few months, sensing recovery was well underway, especially in China and the market had overreacted down to 3100 have swung my play portfolio from medical and general to the miners who seemed to cop it hardest during GFC. I'm delighted with my "paper" position compared to the high 6700 and consequent low and will continue to play until I retire in a couple of years time. So for me it's not a question of when the market will retreat again as believe world economy will always head north over the long term. These major corrections happen rarely and we've just been through one. As long as ASX is over 5000 in a couple of years time, I'm fine;6000 I'm laughing 
. If we're going through another major slide... I'll keep on working until we recover again
. If we're going through another major slide... I'll keep on working until we recover again - Joined
- 22 June 2006
- Posts
- 198
- Reactions
- 0
from a low of $63k in Feb 09 to currently $96k, still in the red though!
- Joined
- 1 October 2008
- Posts
- 186
- Reactions
- 0
Started buying 12 months ago. By March I had already invested around $30K but was down 17%. I've done a lot of dollar-cost-averaging (searching for a bottom) and taken up any SPP offers (a must in my opinion), so I've now invested a total of $38K but I'm up 36% (on paper).
Talking about gains in a percentage point doesn't seem all that worthwhile.
Have noticed that whenever I add to my portfolio, my percentage gains go down as I have added a stock with 0% gains, even if I stay positively geared and increase my dividend stream.
Have noticed that whenever I add to my portfolio, my percentage gains go down as I have added a stock with 0% gains, even if I stay positively geared and increase my dividend stream.
Started about five months ago with zero knowledge, made heaps of mistakes by selling stocks with small gains...still about 20%($6000) up till now...could make heaps more if I hadn't sold my first purchases in april, may.
Sold all my blue chips last wekk,sitting on sidelines with some mining stocks in pocket.
Sold all my blue chips last wekk,sitting on sidelines with some mining stocks in pocket.
- Joined
- 12 April 2009
- Posts
- 215
- Reactions
- 0
storm financial lost all my money
f**k my life.
f**k my life.
- Joined
- 10 August 2008
- Posts
- 2,136
- Reactions
- 315
Are you for real dude, how much did you lose ?
- Joined
- 22 June 2006
- Posts
- 198
- Reactions
- 0
sorry to hear that Matty, if you are under 50yrs old, dont feel too down, you still have time on your side to make up those losses.
i suppose the only thing one can learn from this is to go learn about shares yourself and do it yourself.
i suppose the only thing one can learn from this is to go learn about shares yourself and do it yourself.
- Joined
- 23 August 2008
- Posts
- 227
- Reactions
- 0
I started investing in Jan 2008. Bought CBA at $48.50. I sold out in March 08 for a loss
I can't believe it got to $52 (low of $25) with the market at 4700. Amazing!
We still have that 2000 points gap to fill. Something has to move forward to fill it. In 2007 it was the REITs. What is it going to be in 2011-2012 to get there again? - Clean energy boom? Your guess is as good as mine.
Stay tuned though because 2010 is going to be a cracker.
I can't believe it got to $52 (low of $25) with the market at 4700. Amazing!
We still have that 2000 points gap to fill. Something has to move forward to fill it. In 2007 it was the REITs. What is it going to be in 2011-2012 to get there again? - Clean energy boom? Your guess is as good as mine.
Stay tuned though because 2010 is going to be a cracker.
- Joined
- 18 March 2009
- Posts
- 284
- Reactions
- 0
staples? ouch. dont go through metal detectors at airport. did you think of trying rice instead?
I agree with your stratergy, sacrificing a little now, will hopefully have huge benefit down the track.
Everyones super is down, but im contributing extra to make the most of cheap entry and get the most gain when market rebounds fully. It may take years, but it will be worth it.
Same approach to my personal investments. Been making a crumb on undervalued stock(some blue chip, some specs), then investing the profit into hybrids to obtain a steady income stream for life(plus cap gain potential).
Started in october, sensing opportunity after the crash, lost 10% on the way to march. Currently 70% above my initial capital and life savings of < 5k, all from toiling in the back of some fast food restaurant.
Yes, I've made more money this year from shares than from McDonalds.
But if you meant "made money only if you put it in the bank", then its nothing.
My net worth is in the vicinity of -$15000 because of the HECS debt. I suppose it "decreased" 15% or so.
The $1500 govt super co-contribution came 6 months late in February, lucky for me. My existing $1000 was down 40% at one time.
Yes, I've made more money this year from shares than from McDonalds.
But if you meant "made money only if you put it in the bank", then its nothing.
My net worth is in the vicinity of -$15000 because of the HECS debt. I suppose it "decreased" 15% or so.
The $1500 govt super co-contribution came 6 months late in February, lucky for me. My existing $1000 was down 40% at one time.
Julia
In Memoriam
- Joined
- 10 May 2005
- Posts
- 16,986
- Reactions
- 1,973
Good for you being prepared to work in that environment.Currently 70% above my initial capital and life savings of < 5k, all from toiling in the back of some fast food restaurant.
Yes, I've made more money this year from shares than from McDonalds.
We all had to begin somewhere. Good luck.
Similar threads
