ISEQ Investment

[Crandle]

I invested €1000 in 4 ISEQ company shares in January. Through the year I have invested in 2 more shares. Now in November, I have sold all shares except the worst one that is now at break even. My share portfolio shows a profit of €223.
I am thinking to continue on the dole and to invest €10k initially with a €10k back-up fund.
Do I have an apptitude for this ?

 

[Brendan Burgess]

Hi Crandle

I don't see the connection between staying on the dole and investing?

Buying and selling 6 shares is hardly a full-time occupation.

If you invest €20k and get a super return of 10% a year, that would be only €2k per year.

You will earn more than €2k per month by working.

Brendan

 

[Brendan Burgess]

But the main point is that what has happened over the last year in 6 stocks tells us nothing about your investment skills.

Time and again, it is shown that 99.999% of investors don't beat the market in the long-term.

You will have periods of short-term outperformance followed by average performance over the longer term.

Brendan

 

[ClubMan]

Hi Crandle

I don't see the connection between staying on the dole and investing?

Probably something to do with this?

Using Social Welfare and Grants.

Over the last few years I have simplified my finances in order to get a mortgage and apply for medical cards and maybe Family Income Supplement (now WFP ?). My policy is that I will not save long term. I will spend any extra cash on holidays or a car. Any lump sum would be used for home...

www.askaboutmoney.com

 

[Jim2007]

Do I have an apptitude for this ?

Well it would be interesting to see exactly what you did....

That said, probably not. But then most people don't have the ability and the mentality to be a good stock picker over say a 30 year period. And your return to date, even though it is only for one year, does not even meet average expectations for stock pickers....