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memories regrets
laurence ireson
Posted: 09 December 2017 21:06:39(UTC)
#1

Joined: 25/11/2017(UTC)
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i remember when ARM was a penny share i traded thousands of them guess the regret
1 user thanked laurence ireson for this post.
Mickey on 10/12/2017(UTC)
MikeT
Posted: 09 December 2017 21:14:38(UTC)
#2

Joined: 12/02/2017(UTC)
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Buying old world shares when tech was on the ridiculous rip in 98/99 - then selling out and giving up on them as we moved in to 2000.

Trying spreadbetting in the early 00's and getting slaughtered trying to short Barclays and Amazon.


I learned an awful lot though and the financial costs of the lessons will be a bargain if I apply them over the next 40 years or so.

Chasing bubbles, capitulating at the bottom, not having diversification, not having asset allocation to match my tolerance of risk etc etc.
5 users thanked MikeT for this post.
laurence ireson on 09/12/2017(UTC), Tim D on 09/12/2017(UTC), Mickey on 10/12/2017(UTC), The Spanish Inquisition on 10/12/2017(UTC), Eddy on 13/12/2017(UTC)
Alan Selwood
Posted: 09 December 2017 22:21:10(UTC)
#3

Joined: 17/12/2011(UTC)
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Biggest investment regret is never being able to obtain advance, exclusive copies of next week's FT share price pages!

Other (fairly big) regrets:
Not ignoring CGT profit implications when it was time to sell ALL my over-hyped tech stocks in the last month of the tax year before tech/net stocks plummeted back to earth. (I did sell most, but held back into the new tax year to dump the rest).
Not buying Fidelity Special Situations in 1982-83.
Not keeping the gold I sold in approx 1975 until 1978-79.
Not buying the gold back when Gordon Brown started to sell UK gold reserves.
Not buying GEC, Rugby Cement and Glaxo before they rose a lot in the 1970s and 1980s.
Not investing more once Saddam Hussein invaded Kuwait (2 Aug 1990).
Above all, not buying Ultra Electronics at 7p/share in 1974 and holding till they were taken over in 1975 at 232p.
And yes, there are lots of other holdings I should have bought or sold, but without those advance copies of the FT price pages, how was I to know?

9 users thanked Alan Selwood for this post.
laurence ireson on 09/12/2017(UTC), Luca Brasi on 09/12/2017(UTC), Guest on 10/12/2017(UTC), Sara G on 10/12/2017(UTC), Mickey on 10/12/2017(UTC), jeffian on 10/12/2017(UTC), Guest on 10/12/2017(UTC), Eddy on 13/12/2017(UTC), gillyann on 24/12/2017(UTC)
Sara G
Posted: 10 December 2017 09:00:58(UTC)
#4

Joined: 07/05/2015(UTC)
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1. Not learning about finance and investing before the age of 30.
2. Wasting money on fripperies for too long.
3. Being scared off of shares in 1987 (although I did learn from that in 2008)
4. Not diversifying in the 90's; I invested heavily in my employer's shares - a US tech firm - you can guess what happened next!
5. Not buying Blue Prism when I first read about it on this forum.
6. Buying Platinum too soon.
7. Selling MNL too soon.

Overall though, not too many regrets. I don't fret about what might have been for too long - I try to learn from it and move on. There will always be new opportunities.
5 users thanked Sara G for this post.
Mickey on 10/12/2017(UTC), laurence ireson on 10/12/2017(UTC), Tim D on 10/12/2017(UTC), Eddy on 13/12/2017(UTC), Andrew Smith 259 on 17/12/2017(UTC)
Micawber
Posted: 10 December 2017 09:12:27(UTC)
#5

Joined: 27/01/2013(UTC)
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Investing in the PEPs/ ISAa in occasional lumps rather than monthly or quarterly sums from the mid 1990s onwards. I should have made full use of the allowances every year, too.

On the other hand, I am glad I bought NS&I index-linked certificates when they were available.
3 users thanked Micawber for this post.
Mickey on 10/12/2017(UTC), laurence ireson on 10/12/2017(UTC), Eddy on 13/12/2017(UTC)
jeffian
Posted: 10 December 2017 12:11:54(UTC)
#6

Joined: 09/03/2011(UTC)
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All good and sound advice - some of which I am guilty of and some I got 'right' - but the one that really stands out for me is -

"Not ignoring CGT profit implications when it was time to sell".

The hard lesson I have learned is never, EVER, let the tax 'tail' wag the investment 'dog'. I was never a TMT investor in the tech boom because I didn't understand it, but I filled my boots in the 1990's with things I did understand - house builders, property, retailers, pubco's and anything I understood with a low PER and high dividend yield and thought I was a genius up until 2007/8. My largest holding went up something like 19x at one point and the potential CGT bill completely addled my judgement; some profit was taken but parked in an EIS investment which subsequently all but failed and the remainder was down 96% at one point (though has since recovered somewhat).

Lesson learned - just bite the bullet, pay the tax and bank the profit!
6 users thanked jeffian for this post.
laurence ireson on 10/12/2017(UTC), Chris Howland on 10/12/2017(UTC), Tim D on 10/12/2017(UTC), J Thomas on 10/12/2017(UTC), Hank Elvis Dobbs (texan) on 10/12/2017(UTC), Eddy on 13/12/2017(UTC)
Keith Cobby
Posted: 10 December 2017 12:52:44(UTC)
#7

Joined: 07/03/2012(UTC)
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Not buying NEXT at 11p.
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laurence ireson on 10/12/2017(UTC), Andrew Smith 259 on 17/12/2017(UTC)
Hank Elvis Dobbs (texan)
Posted: 10 December 2017 12:55:36(UTC)
#8

Joined: 19/08/2017(UTC)
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Have you not made/making a similar mistake?
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laurence ireson on 10/12/2017(UTC)
Hank Elvis Dobbs (texan)
Posted: 10 December 2017 13:00:41(UTC)
#9

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Uk shares are an absolute screaming buy..after all... you lot (most) are all scared to death the biggest buy signal of all...just close the door on your way out please.
1 user thanked Hank Elvis Dobbs (texan) for this post.
laurence ireson on 10/12/2017(UTC)
Tim D
Posted: 10 December 2017 14:08:08(UTC)
#10

Joined: 07/06/2017(UTC)
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I don't regret putting £100 quid into a uni acquaintance's tech startup ~1990. I don't regret seeing the value fade to £25 as the company struggled to find its way. But I certainly do regret not getting out for £8000 around the peak of the dotcom bubble; instead FOMO had me piling more cash into ridiculous stuff like the Net Net fund.

Also: not consolidating ISAs and personal pensions more and sooner on the (back then) commission-cashback online platforms. I started using them for new ISA money to test the waters, but with hindsight I was excessively cautious about transferring previously invested funds from the big-name expensive retail fund providers, and I tolerated my work pension scheme's 5% initial charge for far too long. It took news coverage around RDR to really kick me into action on getting costs down.

2 users thanked Tim D for this post.
Sara G on 10/12/2017(UTC), laurence ireson on 10/12/2017(UTC)
jeffian
Posted: 10 December 2017 15:57:06(UTC)
#11

Joined: 09/03/2011(UTC)
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"Not buying NEXT at 11p."

Funnily enough, my regrets are not about the ones I didn't buy, but the ones I sold! Your Next is a case in point - sold at something just over £6 (vs today's £45-odd) - and I sold (thankfully only half) my Avon at £4-£4.50 (£12 today). Those both for the reason I thought the then multiples high and they'd gone as far as they could go! But the one that really hurts was sold for a different reason. Good old-fashioned printers Bemrose of Derby (Letts Diaries, chequebooks for HSBC etc) decided they would sell all their 'real' printing businesses and convert themselves into a 'virtual' business providing corporate promotional material. I didn't get it at all, so I sold at around 45p. This September they topped out at just over £20........ Doh!

Buying's easy. It's the selling part I find hard!
4 users thanked jeffian for this post.
Tim D on 10/12/2017(UTC), Chris Howland on 10/12/2017(UTC), The Spanish Inquisition on 10/12/2017(UTC), gillyann on 24/12/2017(UTC)
JohnW
Posted: 10 December 2017 19:20:06(UTC)
#12

Joined: 14/01/2012(UTC)
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Not packing up smoking sooner. My entire portfolio has been financed with my "Fag Money!" Now the dividends alone per year are more than I spent on fags in a year!
5 users thanked JohnW for this post.
Mickey on 10/12/2017(UTC), laurence ireson on 10/12/2017(UTC), Tim D on 10/12/2017(UTC), Eddy on 13/12/2017(UTC), gillyann on 24/12/2017(UTC)
Tug Boat
Posted: 10 December 2017 19:52:31(UTC)
#13

Joined: 16/12/2014(UTC)
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Not getting in to see the Sex Pistols in Stoke in 77
2 users thanked Tug Boat for this post.
Sara G on 10/12/2017(UTC), The Spanish Inquisition on 10/12/2017(UTC)
kWIKSAVE
Posted: 10 December 2017 20:05:58(UTC)
#14

Joined: 14/08/2013(UTC)
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Working at Sainsbury's when it went public and was offered initial shares at 145p. Had to sell several months later at 189p to help pay for deposit on first home.

In the intervening period they shot up 16 times !

Similar thing with GEC as well !!

I think we all regret hanging on to shares going down in the hope they will recover.

At present Greene King and WPP are proving thorns in my side and to a lesser extent Domino's Pizza.

The fact is when you have a basket of 30 shares some will be a miss.
2 users thanked kWIKSAVE for this post.
Eddy on 13/12/2017(UTC), gillyann on 24/12/2017(UTC)
kWIKSAVE
Posted: 10 December 2017 20:07:16(UTC)
#15

Joined: 14/08/2013(UTC)
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unless of course your name is

TONY PETERSON !
kWIKSAVE
Posted: 10 December 2017 20:12:37(UTC)
#16

Joined: 14/08/2013(UTC)
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Also Glaxo when it was a little company in Perivale

and Asil Nadir Polly Peck when the shares were just 5p and ladies' tights were its selling line before it branched out into commodities.

In the early 80s if I had invested £1,000 within a short space of time would have been a millionaire even after CGT.

Why did I not have the courage of my convictions.

Perhaps Oil & Gas Investments plc AIM stock now . I do not own any currently

so should I put £500 in. Tell you what Smart Metering Systems also AIM has done well for me so far.


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