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Discussion in 'Introductions' started by mumeco, 8th Apr, 2008.

  1. mumeco

    mumeco Active Member

    Joined:
    2nd Apr, 2008
    Posts:
    31
    Location:
    NSW
    Hi all
    Am a rather despondent new investor having had some bad experiences recently, through naivete more than anything.
    Want to start again and make better informed decisions.
     
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    Welcoem to InvestEd, what went wrong the first time around?
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    ... I think most people (including myself) have had some bad experiences with the sharemarket recently ... you are not alone! So long as you learn from your experiences and chart a more appropriate and informed course going forward - there are plenty of opportunities available.
     
  4. Chris.R_WA

    Chris.R_WA Well-Known Member

    Joined:
    7th Aug, 2006
    Posts:
    113
    Location:
    Perth, WA
    Yep, I bombed 70% of one investment through a combination of bad timing, aggressive choice of investment, and gearing on top of gearing :eek:

    I have since scurried away with my tail between my legs, but the lesson will stay with me for a very long time.

    Time for a bit of consolidation over the next 6 months...
     
  5. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Ahh - my favourite!

    Actually I did one better ... borrowed money from property equity, then invested in a geared share fund via a margin loan. Gearing on gearing on gearing. Rather silly now that I look back at it all :rolleyes:
     
  6. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
    I wonder if the companies that the geared MF invested in had a large amount of debt?? => Gearing on gearing on gearing on gearing, perhaps? :eek: ;)
     
  7. Alan

    Alan Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    603
    Location:
    Sydney
    Well said Sim. There's nothing like losing our own money to get our attention! I know.

    If personal, please ignore the questions, but.....
    a) what did you learn from this period
    b) what sort of actions did you take at the time to help control the situation eg. tap unused equity, sell Units. and
    c) knowing what you know now, what would you have done differently?