Trying to live with the regret of financial mistake

Sold over 3000 Kerry plc shares for 15 euro each in 07/08 to buy and put up a expensive farm shed,now Kerry plc shares are 77+ which makes the shed the most expensive piece of equipment I ever got done on the farm
 
major said:
Sold over 3000 Kerry plc shares for 15 euro each in 07/08 to buy and put up a expensive farm shed,now Kerry plc shares are 77+ which makes the shed the most expensive piece of equipment I ever got done on the farm
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I'd imagine your shed is still standing and probably left you quite a few quid since you put it up.
Kerry's been good to a lot of people
 
Lost a bundle when 9/11 happened. I had just invested heavily in insurance shares. Took me 6 years to get it back. Then the financial crisis hit. Lost a lot on Bradford & Bingley, Cattles, Woolworths, Marconi, Waterford Wedgewood and some oil shares. Still nursing huge losses on Independent News and Media.
Others have come good. When the dust settles I will be down about €20k from losses of €80k.
Then there are the what ifs. Yes I would put Ryanair up there. Thought about buying them when they were about €4 but didn't. I bought and sold Anglo many times and made a profit but didn't hold them. I had planned to sell my house and "park" my money in safe bank shares until I found another house. Thank God that didn't happen.
So I consider myself lucky. So should the OP.
 
Thanks Paddy and all, for your posts. There's comfort in knowing that one's not alone.
 
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30 grand loss? think of gay byrne. Not a Big fan of his but when I think of his financial history ya have to feel sorry for him, first defrauded by his accountant and friend, then invests in safe bank shares like Anglo , finally downsizes into an apartment in ballsbridge from house in howth at the height of the boom. Buys the apartment but never managed to sell the house . Ouch.
Hopefully it's swings and roundabouts, especially if you haven't lost your health or your friends and family with it.
 
Thanks Bleary, and yeah, Gay has got burned (pardon the pun) time after time.
I met a man recently, who was cooking in the kitchen of his restaurant. I went in to say hello as I hadn't seen him in about 20 years. We got to talking about the crisis and lost investments, and he said follow me upstairs and I'll show you something. We went into his pokey little office and he pulled out share certs totalling 290,000 boi shares (old valuation, before reverse splits etc) which amounted at peak to 5 and a half million euro at their peak. He had been buying them since the 60s. They are now virtually worthless. He did get huge dividends down through the years and that mitigates some of the pain. I actually couldn't believe how he had come to accept his fate so calmly.
 
with regard to ryanair and k

yea RTE people not the brightest when it comes to investing, maybe it is because they are too close to all the movers and shakers in irish establishment and believe all the stuff they broadcast. Didnt Mike Murphy also come a cropper during the crash
 
I remember the perpetually optimistic economist from Bank of Ireland during the boom, he was never off of RTE . He was a bit like comical ali (the iraqi government spokesman during iraq war) when the crash began to hit. Then he disappeared never to be heard of again.
 

dan mc laughlin , very annoying voice

you never see or hear from him these days
 

So you lost €30k out of an €125,000 lump of cash you had?

That really is nothing.

What about the thousands of people at that time who had €125k but borrowed €500k more to buy an investment property? They still have the €500k mortgage and the property is probably worth €400k?

What about the people who did not have the €125k but remortgaged their home to buy a property for €625k which is now worth only €400k? And their income from their business has fallen as well?

What about people who bought a home to trade up to before selling their first home? The market collapsed, and they could not sell their first home?

Or the people who a few years ago, sold their home with a view to trading up. But the market took off before they could settle on a new home. Now they can't even afford to buy their original home.

If you have a portfolio of shares over a number of years, you must make mistakes. Even when the whole portfolio falls by 50% in line with world markets, you can console yourself that it's a first world problem which loads of people would love to have.



Brendan
 
Dont the behavourial economists ( from the little i know ) call this loss aversion - a loss of x is a bigger deal for us humans than a gain of x
 
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