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Losses are good
srcandas
Posts: 1,241 Forumite
Seen people saying you only hear of those who win, never those that lose. Well ....
I started a 6 month experiment Jan 1st with £7000. Bought and sold shares in LloydsTSB, Tesco and Lamprell. 15 trades and made 10% profit with on average less than a third of my 7000 in the market. This is all too easy
In July I thought I'd go take my £100000 in the SIPP and play the market :j These fund managers are crap and greedy. I can do better 
Woke up this morning and Lamprell was -33% :eek: All my profits gone and a bit besides. So be warned.
Having said that this loss has probably made me loads. My 30% vanguard life style and the rest in self managed shares has now changed to 70% in Vanguard and .............. :beer:
I started a 6 month experiment Jan 1st with £7000. Bought and sold shares in LloydsTSB, Tesco and Lamprell. 15 trades and made 10% profit with on average less than a third of my 7000 in the market. This is all too easy
In July I thought I'd go take my £100000 in the SIPP and play the market :j These fund managers are crap and greedy. I can do better Woke up this morning and Lamprell was -33% :eek: All my profits gone and a bit besides. So be warned.
Having said that this loss has probably made me loads. My 30% vanguard life style and the rest in self managed shares has now changed to 70% in Vanguard and .............. :beer:
I believe past performance is a good guide to future performance :beer:
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These fund managers are crap and greedy. I can do better
Greedy I'm happy with, but they aren't stupid and they do understand how to restrict volatility by not over-exposing themselves to a single company or sector.
Lamprell bit a lot of people, including many experts, but it will have been a 1-2% of their portfolio bite rather than a whole leg.
Commiserations, but I'm sure you've come out of this as a better investor.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Seen people saying you only hear of those who win, never those that lose.
A lot of them are 'financial advisers' wanting people to pay them for advice.
So they can't admit they are about as likely to pick losers as the rest of us.
A con man will pretend he has loads of money even when he is broke. So you think that he isn't after yours, and that he is clever enough to invest it for you
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Seen people saying you only hear of those who win, never those that lose. Well ....
I've had some total losses, usually due to a major creditor springing a pre-pack. Many of those companies have gone on to do well as the technology was sound despite the managers being crooks.
Ah well. The winners make up for these over a hundred fold, so I can afford to be philosophical.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Seen people saying you only hear of those who win, never those that lose.
Well, I am currently at losses with all my shares.
That NUS dispute was a final blow on my sole share with positive return on paper anyway. Overall, I am suffering 25% losses, not nice but then, that investments for you, you lose some and lose all....
Cheers
Joe0 -
JoeCrystal wrote: »Overall, I am suffering 25% losses
That's quite a drawdown. Concentrated portfolio?
The only share I hold directly that's down that much is Aviva and other holdings balance it out quite nicely.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Seen people saying you only hear of those who win, never those that lose. Well ....
I'm yet to meet anyone who's got 100% trades right!
Ive made a few major balls up in my time
One that sticks out is Northern Rock to the tune of £25K :eek: (and no I didn't keep buying when the price was dropping)
But the winners more than make up for it, for me Sports Direct is currently showing a gain of more than I lost on NR (thats after selling some earlier in the year to use up 11/12 CGT allowance).
As long as you get more trades right than wrong then all should be :cool:Never let the perfume of the premium overpower the odour of the risk0 -
The worst I ever did was one of my very first Peps many years ago now - a Morgan Grenfell European Fund that was recommended by every newspaper and IFA tipsheet around. It did well for a couple of years and then suddenly an accounting hole was found, and transferred at a loss. The "star" manager ended up coming to court dressed as a woman for his defence of nervous breakdown, and the publicity was so bad the company was bought out (by Deutsch Bank I think) and the name dropped to forget the stigma. Those with long memories might remember the episode.0
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Seen people saying you only hear of those who win, never those that lose.
Also reminds me of the lottery where we only hear of those who have won.
When I hear somebody has won £10 million I just think of those who have lost £20 million (because only half is paid in prizes)
Perhaps I am just a pessimist “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
The only sure way to make money out of the stock market is to gamble other peoples money for a fee like the professionals do. Whatever happens they can't lose.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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Those with long memories might remember the episode.
I even remember the dress!
When I left home to go to Uni, my mother told me to *never* date a woman who had an Adam's Apple, no matter how tidy the rest of her looked.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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