Your Biggest Investment Losses

adindas

annabanana82 said:

adindas said:

annabanana82 said:

My Husband is still annoyed with me that I didn't let him invest in Games workshop back when  the price was low. To be fair we were barely into saving nevermind investing in those days 

Well imo, it is definitely the right decision. You will only invest the money you could effort to lose, e.g., extra money to be used to invest, not the money you will use for primary need in the near future.

Let alone investing into a high volatile, high risk stock when you get high chance of losing them. But high risk might also mean high reward for particular stock.

It was definitely the right decision for the time, from memory the share price has been 10-12x what he could have bought at years ago. 

But it could just have easily gone the other way, or worse gave him confidence he knew what he was doing and he went gung ho on individual share holdings

Well, I am talking about this statement "To be fair we were barely into saving never mind investing in those days"

Unless I have misunderstood what you mean, to me this statement is suggesting you are using the money you could not effort to lose.

As you said, it could go to both direction, what happen if it is going south like you see in this thread and you already need the money to cover your needs ?

ranciduk

I’ve only really made one bad mistake with investments

how was I to know there is no oil in the Pennines?

Prism

adindas said:

Unless I have misunderstood what you mean, to me this statement is suggesting you are using the money you could not effort to lose.

I do think that the idea that we only invest what we can afford to lose a bit outdated. If I lost my investments my future would be pretty screwed to be honest. I certainly invest money that I really need at some point.

ispookie666

I have stopped investing in individual stocks and have gone to trackers.  Mulling over, selling all my loss-making shares and moving to trackers as well. 

Yorkshire_Pud

ispookie666 said:

I have stopped investing in individual stocks and have gone to trackers.  Mulling over, selling all my loss-making shares and moving to trackers as well. 

I’ve been wet nursing my Lloyds shares for 13 years now, worth about £350 with a loss of £2000+ since 2008. Like constantly watering seeds that never germinate and might even rot. With the Halifax share dealing £36 annual charge starting April my investment will be eaten up within ten years if no improvement in share price!

Trackers are the way for more hands off investors or those who don’t like to gamble!

wmb194

Yorkshire_Pud said:

ispookie666 said:

I have stopped investing in individual stocks and have gone to trackers.  Mulling over, selling all my loss-making shares and moving to trackers as well. 

I’ve been wet nursing my Lloyds shares for 13 years now, worth about £350 with a loss of £2000+ since 2008. Like constantly watering seeds that never germinate and might even rot. With the Halifax share dealing £36 annual charge starting April my investment will be eaten up within ten years if no improvement in share price!

Trackers are the way for more hands off investors or those who don’t like to gamble!

Does your loss calculation include dividends?

oz0707

Yorkshire_Pud said:

ispookie666 said:

I have stopped investing in individual stocks and have gone to trackers.  Mulling over, selling all my loss-making shares and moving to trackers as well. 

I’ve been wet nursing my Lloyds shares for 13 years now, worth about £350 with a loss of £2000+ since 2008. Like constantly watering seeds that never germinate and might even rot. With the Halifax share dealing £36 annual charge starting April my investment will be eaten up within ten years if no improvement in share price!

Trackers are the way for more hands off investors or those who don’t like to gamble!

Nothing wrong with not gambling! Or at least taking less risk than with individual shares. 

Can't you switch to ishares or another platform?

Yorkshire_Pud

wmb194 said:

Yorkshire_Pud said:

ispookie666 said:

I have stopped investing in individual stocks and have gone to trackers.  Mulling over, selling all my loss-making shares and moving to trackers as well. 

I’ve been wet nursing my Lloyds shares for 13 years now, worth about £350 with a loss of £2000+ since 2008. Like constantly watering seeds that never germinate and might even rot. With the Halifax share dealing £36 annual charge starting April my investment will be eaten up within ten years if no improvement in share price!

Trackers are the way for more hands off investors or those who don’t like to gamble!

Does your loss calculation include dividends?

No so it would be more profit however I bought a load of shares at £8.50, then £5.50 then £2.38 around 2008 and then even more at around 38p with rights issues plus the HBOS shares conversion to Lloyds shares had an adjustment of about .6 so every 100 shares became 60 of so called ‘equal’ value i.e. massively diluted and worth about 40p each which they were valued at before the adjustment, strange that!

My figures are ‘about’ figures, I don’t keep a spread sheet but I realise stock picking prowess has been poor and more buy high sell cheap than the other way around!

Yorkshire_Pud

oz0707 said:

Yorkshire_Pud said:

ispookie666 said:

I have stopped investing in individual stocks and have gone to trackers.  Mulling over, selling all my loss-making shares and moving to trackers as well. 

I’ve been wet nursing my Lloyds shares for 13 years now, worth about £350 with a loss of £2000+ since 2008. Like constantly watering seeds that never germinate and might even rot. With the Halifax share dealing £36 annual charge starting April my investment will be eaten up within ten years if no improvement in share price!

Trackers are the way for more hands off investors or those who don’t like to gamble!

Nothing wrong with not gambling! Or at least taking less risk than with individual shares. 

Can't you switch to ishares or another platform?

Yes I am trying to transfer them to another provider for what they are worth, £350, might be better off selling and put funds in my tracker isa as I can’t see Lloyds ever improving much but what do I know! Probably take off like rocket fuel the moment I sell.

HCIMbtw

I realised a £600 loss on blackberry.. was bored playing around with stock picks