Shares Part 2

Blue, so you didn't impulse sell. I was wrong to generalise, my apologies

Hindsight is a wonderful thing. I'm assuming the company you had shares in has an employee share program?

Stable for months, then fluctuations resulting in a high, just before an announcement. A slight dip as people sell just before the announcement, then a massive rise.

Or am I just too skeptical about employee shares programmes?

Anyhow, you were up, maybe not a lot, but you were up all the same. So yea, you did do well, and should look at the missed money as part of the risk you didn't take. You could of also lost a lot more.

Originally Posted by Baph

...

I sold as it had proved to be a fairly 'dead' investment ... and they were showing a value now that was over what I got them at ... with recent performance, I would get more return from a simple savings account/ISA than they were showing to give ... however the sods law bit has been that this turn of events has shown that in <1 week I could have made the same as a year in an ISA!!

But to be fair I was not going to re-invest anyway ... either in shares OR savings ...

Yes the company does have an employee share scheme, but even together they hold <3%* of the overall shares, so the influence is minimal ...

*It might be smaller than that, can't remember the exact figure.

I got signed over a load of Abby National shares.

I keep meaning to research into it to see how much they were worth and how much they are worth now Free money, woooooo

Originally Posted by Daimo

I got signed over a load of Abby National shares.

I keep meaning to research into it to see how much they were worth and how much they are worth now Free money, woooooo

Abbey's symbol is LSE:ANL. Current trading at 643.5.

HTH

[embee]

I like this site for following share prices
http://uk.finance.yahoo.com/q/cq?d=v...eFTSE+%40UKX.L

View share ownership one of 2 ways, long term investment or short term gambling. Both can work, or not!

Long term can be less of a gamble, look at the price history (charts) of a lot of companies on the Yahoo site and you'll see a good safe long term trend over 5 or 10years. Day to day is a different ballgame.

It was one of the American magnates (Rockefeller??) who when asked what his secret of success was, replied "Sell too soon". In other words, don't hang out for what might happen tomorrow, if you are "gambling", i.e. buying/selling to make a fast buck, then set the margin at which you'll sell, 3% or whatever, and stick to it.

Best investment I made was buying Natwest at 303p about 15yrs ago, now (as RBOS) they are £20 a go. I also bought Sun Alliance (now RSA)..................

...and some of us are stoney broke

Originally Posted by Ed

...and some of us are stoney broke

Seconded...

A little tip for the future.

When you sell off shares, do not check their value ever again.

My dad continued to do this when he took out £20,000 in shares to buy a Toyota Supra. Couple of years down the line they would have been worth double that and boy o boy did he tell everyone more than once. Made himself depressed.

Originally Posted by Baph

Abbey's symbol is LSE:ANL. Current trading at 643.5.

HTH

Is that good? Bad?

£64.35 each? Or £6.43, or very nicley £643.50?

Im not sure if it was 100 or 1000 I have? Got them signed over to me by mother as a "moving out present." She got them when Abby stopped being a building society i think?

Originally Posted by Daimo

Is that good? Bad?

£64.35 each? Or £6.43, or very nicley £643.50?

Im not sure if it was 100 or 1000 I have? Got them signed over to me by mother as a "moving out present." She got them when Abby stopped being a building society i think?

That will be value in Pence.

So you have £643.50 or £6435 worth of shares ... I'd check if it was 100 or 1000 if I was you