J
Joe
Guest
I'm may not be good at sums (or investing!)
I bought shares in an Irish Company at €21.00. By the time I had paid Stamp and Commissions they cost me €21.56 each.
The share price has fallen 56% since then and now stands at €9.15. Sounds bad enough.
However if I sold the shares today I would only net €9.00 after paying commissions. I would therefore need the share price to jump by 140% before I would break even.
I think that you could do the same sums for many other Irish shares. I now need my shares to go up to 2.5 times their current price for me to get my money back!
Perhaps this is a strong argument for pound cost averaging. Maybe I need to buy twice as many shares again so that I would only need to price to go up to 1.5 times the current price.
I find it amazing that institutions can still advertise that Shares produce the best long run returns.
I bought shares in an Irish Company at €21.00. By the time I had paid Stamp and Commissions they cost me €21.56 each.
The share price has fallen 56% since then and now stands at €9.15. Sounds bad enough.
However if I sold the shares today I would only net €9.00 after paying commissions. I would therefore need the share price to jump by 140% before I would break even.
I think that you could do the same sums for many other Irish shares. I now need my shares to go up to 2.5 times their current price for me to get my money back!
Perhaps this is a strong argument for pound cost averaging. Maybe I need to buy twice as many shares again so that I would only need to price to go up to 1.5 times the current price.
I find it amazing that institutions can still advertise that Shares produce the best long run returns.