1. I started reading this thread a few weeks ago in a Spanish beach-bar. It brought back some memories when I fancied myself as a bit of an investor and had an account with a stockbroker. Needless to say, my business acumen was the equivalent of a tea-shop owner trying to compete with the McDonalds empire. I reckon I would have been better off betting in the bookies. But, lamb to the slaughter, I was a magnificent example and lost quite a bit mostly because I could never figure out when to "cash out."
2. Where I worked back then, an investment club started and was run by a guy who was clearly wasted as an ordinary employee. He had a stockbroker account too, but was making money almost on a weekly basis. He invited me and a few others to invest £100.00 each (minimum) per week with him. He knew something of private investing and invested each Monday or Tuesday and cashed-in on the following Thursday. I should point out he knew the local GAA scene better than most and part of our gamble was with a bookmaker on specific GAA matches. I should point out that whenever a weekly loss occurred we each added the amount lost against the next week's membership. All the members made quite a few bob down the line and had some fun in the process.
The company shed staff and we all headed in separate ways and our investment club ceased. It was good over the few years it lasted. But, there is one thing I learned and that was there is no point in entering an arena of which you knew nothing about. So therefore, tread carefully no matter how secure you appear to be. Everybody has a poor day.
2. Where I worked back then, an investment club started and was run by a guy who was clearly wasted as an ordinary employee. He had a stockbroker account too, but was making money almost on a weekly basis. He invited me and a few others to invest £100.00 each (minimum) per week with him. He knew something of private investing and invested each Monday or Tuesday and cashed-in on the following Thursday. I should point out he knew the local GAA scene better than most and part of our gamble was with a bookmaker on specific GAA matches. I should point out that whenever a weekly loss occurred we each added the amount lost against the next week's membership. All the members made quite a few bob down the line and had some fun in the process.
The company shed staff and we all headed in separate ways and our investment club ceased. It was good over the few years it lasted. But, there is one thing I learned and that was there is no point in entering an arena of which you knew nothing about. So therefore, tread carefully no matter how secure you appear to be. Everybody has a poor day.
). So your 20% savings will buy you c. 4 years salary at age 50.