The I want to make more money than a thieving banker thread


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Micro_Explosion
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Continuing in my sporadic creation of weird Saturday night threads than no-one else is interested in:

Over the coming months I will be recording my exploits in attempting to see how much money I can make from trading on the stock market. I will emphasise, I will be using actual money and not pretend investments and not monopoly money.

Feel free to heckle me from the sidelines as I either make a lot of money or bankrupt myself.
#1 at 23:20:36 - 23/01/2010
Micro_Explosion
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Now that I have a thread title that the Daily Mail would be proud of (although I should have blamed foreigners and Gordon Brown more and added a few exclamation marks), I shall begin.

Companies I have stocks in, all bought over the last few weeks - new trades will be shared closer to the actual time - are as follows:

British Airways
Barratt Developments
Costain Group PLC
Workplace Systems Intl
Chaucer Holdings PLC
Barclays PLC
Lloyds Banking Group PLC
Debenhams PLC
Royal Bank of Scotland

I was going to show the amount invested and current profit if I sold now but I suspect that may come across as though I'm bragging about how much money I have which isn't my intention so if you care either way then let me know.

So far, stock bought and then sold:

Taylor Wimpey - bought then sold 2 weeks later - profit: £284.52 \o/
#2 at 23:35:07 - 23/01/2010
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Micro_Explosion said:

I was going to show the amount invested and current profit if I sold now but I suspect that may come across as though I'm bragging about how much money I have

You could always convert it to Microsoft Points. Nobody knows wtf those are worth. Or Disney Dollars :O


And thus ends my only contribution to this thread as I am a financial airhead :)
#3 at 23:39:00 - 23/01/2010
Micro_Explosion
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:)

I hear this when it goes well.

I knew nothing at all at the start. As long as there's the interest (the money ensures that) and the intelligence (which I know you have) then it is surprisingly easy to pick up. Doing very well at it is obviously a bit harder but I'm doing very well so far, or I was until Obama made the traders grumpy last week.
#4 at 23:49:07 - 23/01/2010
Syrok
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How does stock trading actually work? Do you just call your bank and tell then you want to buy some stocks of that company and some of the other?
Always been curiously attracted to the stock market, but never really seriously considered investing some money.
#5 at 17:08:22 - 24/01/2010
Micro_Explosion
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You can do it by telephone but I do it through an account on the internet (there are loads out there, a lot by the major banks/building societies).

I decide what I want to buy in then just select that, decide how much I want (I can choose money or quantity of them and it rounds it off for me), the automated system seeks out a best price for me and gives me 15 seconds to accept or reject, including commission and stamp duty.

When I want to sell, just tell it to sell and it does the same as above in reverse.

I'm sticking to company stocks until I work out the details of how I know whether investing in certain bonds etc. is a good idea. They seem to work in a slightly different way.
#6 at 18:20:44 - 24/01/2010
HairyArse
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I know absolutely nothing about stocks and shares so will watch this thread from afar.
:P
#7 at 19:22:04 - 24/01/2010
billdoor
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Micro_Explosion said::)

I hear this when it goes well.

Not this?
#8 at 08:29:50 - 25/01/2010
billdoor
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I got emailed by betfair telling me I had £25 in my account and hadn't accessed it in a while (turns out it was 2 years!!!).

Through prudent investment, I've upped it to £34 over the weekend:

Man U win at home;
Morecambe win at home;
Spurs/Leeds >3.5 goals scored;
Inter win, bet when it was 1-0 at half time ^_^

Lost out on a 3 match accumulator with Chelsea, Villa and Everton to win.

Biggest bet I've made is a fiver, and that was the accumulator.

I'm shit at gambling ;)
#9 at 08:32:31 - 25/01/2010
Micro_Explosion
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billdoor said:
Micro_Explosion said::)

I hear this when it goes well.

Not this?


Isn't that the opening from 'Are you being served?' :P

Intl Ferro Materials and Cairn Energy are now in my list and I have no intention of buying more until I sell some. I have a good spread across industry/sectors with a decent balance of short, medium and long as wel as international developments.

Now I just have to work out when to sell.
#10 at 20:11:17 - 25/01/2010
Micro_Explosion
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Sold British Airways for £150 profit after commission :). It was always one of a few that I was least confident in but it's probably worth another look in a few months.

Overall the rest are breaking even and I'm not concerned by those that have dropped. Those going up have great potential to go a lot higher as well.
#11 at 22:20:26 - 03/02/2010
nekotcha
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I think you made a good call selling the BA shares, they still haven't resolved their disputes with their cabin crew staff and I get the impression that they've made most of their major gains in terms of efficiency savings already; their shares will probably continue to rise but at a slower rate, so you're probably better off with your money elsewhere.

I know people who've made a bit of money from stock market trading but I have to say I've never really seen the appeal - I think to do well out of it you need to spend a lot of time following the news and the companies involved and I think it becomes a bit too much like hard work for my liking. :)

Don't know much about most of the other companies you've bought in, surely RBS are a solid bet though - their shares must be pretty cheap at the moment and they're bound to pick up at some point in the next year or so, you'd think?
#12 at 21:10:02 - 05/02/2010
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Buy low, sell high. That's what I always say.
#13 at 21:57:25 - 05/02/2010
Micro_Explosion
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nekotcha said:
Don't know much about most of the other companies you've bought in, surely RBS are a solid bet though - their shares must be pretty cheap at the moment and they're bound to pick up at some point in the next year or so, you'd think?


Nearly all of the shares I have were at least 3 or 4 times higher before the collapse of the world than they are now. Obviously I'm not expecting them to reach those levels again but generally it's a good indication (after a bit of research) that they have significant potential. I did have some in Taylor Wimpey the other week that I sold 2 weeks after getting them for about 15% profit :)

The last couple of days they've all dropped a lot but that's largely a massive overreaction to Greece, Portugal etc. and their issues; I would be shocked if they don't recover within a month.

It doesn't seem to be as much effort or work as I thought it might have been - things like Google Finance is excellent for aggregating the majority of the news that's relevant and I have a feed of all the broker recommendations which I can then filter out more.

It's really just a more passive version of gambling based more on knowledge than bluffing. Seeing the numbers all going green is a nice feeling though :)
#14 at 00:19:19 - 06/02/2010
Micro_Explosion
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Micro_Explosion said:
Barclays PLC
Royal Bank of Scotland
International Ferro Metals


All sold at a total of £1200 profit \o/

Dunno what to buy at the moment, will probably go back into them when they have their next dip below the current amount.
#15 at 21:58:40 - 04/03/2010
JimJam
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I bought shares in Rockhopper (one of the oil exploration companies drilling in the Falklands) at 52p. Up to 58p today, but they're predicting upwards of £2 a share so fingers crossed !
#16 at 22:13:12 - 04/03/2010
Micro_Explosion
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As long as Argentina don't do anything stupid then you should be alright :)
#17 at 22:17:25 - 04/03/2010
El_MUERkO
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I own a bit of Desire Petroleum, the lads with the rig down there now, shares are on the up now that this Argentina whining seems to have quietened down.
#18 at 23:32:35 - 04/03/2010
Micro_Explosion
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Sold Lloyds for £300 profit, 3 months after buying :D

So far I'm about 2k up overall in 3 months from sold stuff with others that are showing a significant increase that I haven't sold. At some point I'm sure this will go drastically wrong for me.
#19 at 16:51:56 - 19/03/2010
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Wow. How much work would you say goes into those 3 months? I'm picturing you sitting back and watching money roll in.
#20 at 17:00:45 - 19/03/2010
billdoor
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Its not so much the work, more the initial investment- if he's made £2k on £50,000 thats not awesome (relatively).
#21 at 17:07:53 - 19/03/2010
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Oops. Should have considered that :)
#22 at 17:15:01 - 19/03/2010
billdoor
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Well it is awesome really, and I doubt he's got £50k invested, so its probably uber awesome but you get my point.
#23 at 17:18:08 - 19/03/2010
Micro_Explosion
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I press refresh on my browser once an hour at most, usually when I'm bored at work so it's not really work and I don't worry about them. I probably spend 1-2 hours per week deciding whether I'm happy to leave stuff or not in total.

There's a decent amount of money in there, nowhere near 50k, and if I sold everything else now including those that are down then I would be another 1k up but obviously have that money to reinvest.

So far I'm averaging around 13% return on those I have sold. I only put a couple of thousand against anything at a time to minimise risk and to always leave me an option and that profit then feeds back into something else.

If I (somehow) kept up what I've been doing so far for the rest of the year then I would be looking at a 30-40% ROI. If I spent more time and put more in then I'm sure I could make more but the risk goes beyond a level I'm happy with for now.
#24 at 18:38:05 - 19/03/2010
billdoor
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You'd better be careful, or HMR&C might argue you're not pursuing a hobby and decide to tax you on your hard earned gains :)
#25 at 16:03:39 - 22/03/2010
Micro_Explosion
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:)

/flees country
#26 at 20:48:10 - 22/03/2010
LockeTribal
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El_MUERkO said:I own a bit of Desire Petroleum, the lads with the rig down there now, shares are on the up now that this Argentina whining seems to have quietened down.


Bad news :(

Hope you got out when the getting was good E_M.
#27 at 16:39:08 - 29/03/2010
Micro_Explosion
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That's an impressively huge drop in value. I tend to avoid those that are doing exploratory stuff when they don't have something solid going on at the same time, that said, if you were to buy now then I suspect you would do very well (just be prepared to sell quick) from them given they have another 5 exploratory drillings to go.

I can't work out whether to sell Cairn Energy for £750 profit or to risk waiting :P
#28 at 21:11:36 - 29/03/2010
Micro_Explosion
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I sold 'em at around 28% profit :)
#29 at 20:39:41 - 30/03/2010
Boo
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I wish I had your nerve!

Just out of curiosity, M_E, where do you get your info from? Do you read 'The Investors Chronicle', or pore over the Financial Times every day?

I can see how most people would have an inkling about RBS or somesuch, but when you're investing in 'Bloggs Conglomerates and Aggregates (Holdings) Inc', I think : never heard of them, no idea what they do, what they're worth, or what they're currently up to which might affect their share price one way or another.

Do you do lots of background research, or just think 'got a good feeling about that one'?
#30 at 13:16:17 - 01/04/2010

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