Share market seems to be up today - although when the value of your shares has hit rock bottom up is pretty much all that’s left! Although my worst performer is just sitting there with it’s 87% loss, it’s not even worth the cost of selling at this point. I might be able to recoup enough for a sandwich, as long as it’s a cheap one from the lunch truck and nothing fancy.
I had some fun with penny stocks that dissolved. Legit no idea what happened. Only a few hundred, but I could have used it for plenty of other more enjoyable things.
I think if the company winds up you just lose the money. I also had one company that did a buy-back of small parcels of shares which you had to opt out of if you wanted to keep the shares. Another was bought out by an overseas company - which was actually nice, I made a 50% profit in just over 12 months. I wish I’d bought more than $200 worth of that one!
I’ve been learning a lot about how the market works, but I definitely prefer funds than individual stocks. But buying a few stocks for $200 has taught me a lot about how everything works. I lost a lot of the value almost straight away, but I have gained most of the losses back over the last couple of years - if things continue as they are I look like I might actually start to make a profit longer term, so things are not as bad as they looked initially.
Seems like I was on a similar trajectory. Penny stocks seemed like a bit of fun, but it definitely an all-consuming learning curve and bit of a circle jerk in some of forums I was reading. I lacked a bit of patience when I was first interested in it. I’m not much a gambler, so EFTs have been a pretty safe bet.
I decided to dip the toes into ETFs last December, using the Superhero app. Mix of Aussie and US, i just add money to my account any month i have any left over to do so, ill put some in savings and some into the ETF account. Probably looking at about 10% increase across the board when i hit the 1 year mark which has been nice. Your worst performer reminds me of much of my crypto, not worth the hassle of trading or withdrawing out!!
Share market seems to be up today - although when the value of your shares has hit rock bottom up is pretty much all that’s left! Although my worst performer is just sitting there with it’s 87% loss, it’s not even worth the cost of selling at this point. I might be able to recoup enough for a sandwich, as long as it’s a cheap one from the lunch truck and nothing fancy.
I had some fun with penny stocks that dissolved. Legit no idea what happened. Only a few hundred, but I could have used it for plenty of other more enjoyable things.
I think if the company winds up you just lose the money. I also had one company that did a buy-back of small parcels of shares which you had to opt out of if you wanted to keep the shares. Another was bought out by an overseas company - which was actually nice, I made a 50% profit in just over 12 months. I wish I’d bought more than $200 worth of that one!
I’ve been learning a lot about how the market works, but I definitely prefer funds than individual stocks. But buying a few stocks for $200 has taught me a lot about how everything works. I lost a lot of the value almost straight away, but I have gained most of the losses back over the last couple of years - if things continue as they are I look like I might actually start to make a profit longer term, so things are not as bad as they looked initially.
Seems like I was on a similar trajectory. Penny stocks seemed like a bit of fun, but it definitely an all-consuming learning curve and bit of a circle jerk in some of forums I was reading. I lacked a bit of patience when I was first interested in it. I’m not much a gambler, so EFTs have been a pretty safe bet.
I decided to dip the toes into ETFs last December, using the Superhero app. Mix of Aussie and US, i just add money to my account any month i have any left over to do so, ill put some in savings and some into the ETF account. Probably looking at about 10% increase across the board when i hit the 1 year mark which has been nice. Your worst performer reminds me of much of my crypto, not worth the hassle of trading or withdrawing out!!