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Online Share Trading

Engage and learn about markets and trading online

Please help!

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BusyBee
Contributor
Please tell me what's happening ... every share on the portfolio is going south ... did I just choose all the wrong shares or is there more to this??? I initially bought a portfolio of shares sometime in August, for R7000, not realising the brokerage fees kill you (only found out later) ... I was too hasty! About a month later the loss reduced quite a bit and I was excited ... assuming that profits will start soon ... now the loss is just going up again. Is it because of ANC, interest rate hike (the previous hike didn't affect it this much though) or is there another issue? Please advise. Advice on turning this situation around will be much appreciated. Thanks
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23 REPLIES 23
Not applicable
I will tell you what do do in about half an hour...
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Taurus
Super Contributor
If you are talking about R7000,00 then just forget about it..thats pennys..if it R70000,00 sell..hehehe..or you should have sold.
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saash
Super Contributor
The main driver has been sub-prime issues which have created a globall credit crises and companies are writing off bad debts at a hairy rate. USA may be threatening a recession and international investors seem to be taking money out of risky economies aka SA.
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Wizard
Super Contributor
10 min to go and we all glued to our screen for the answer. Will it be Bear or will it Bull...? Stay tuned the answer will be right after this..
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BusyBee
Contributor
Thank you saash, that makes a lot of sense! Guess I will just have to hold thumbs and hope for a turn around! Subsequently, invested another R4000. So R11k altogether...Taurus, the R11k was hard earned ... will be sad to see this go so easily. I just hope that a year from now this investment will be well worth it. Chartist ... have to go now ... can hardly wait to read your advice... will check tomorrow. kind regards to all forumites and all the best!
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saash
Super Contributor
Can we have a drum-roll..... suspense is killing me.
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BusyBee
Contributor
Just couldn't walk out the door ... 3 minutes to go!
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Wizard
Super Contributor
Estimated time until this valuable answer -10 min! Don't despair we have gone into a period of extra time!!
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saash
Super Contributor
right after this ..... very expensive .... commercial break.
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Not applicable
I was gonna tell you to sell everything you got and go short...anyway too late now... just joking
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Wizard
Super Contributor
Are u telling me u didn't watch it??? Don't let me catch u sleeping again! Anyway the all awaited answer is below
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Wizard
Super Contributor
Investing has never been easier.If your portfolio is red..Short it!
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Not applicable
move one and 2 complete.....move 3 should drag us out of the [email protected] for a while anyway
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Russ
Super Contributor
What shares do you hold,nttg?
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jamoo
Frequent Contributor
HEY! MOST PROBABLY YOU BOUGHT THE WRONG SHARES OR YOU BOUGHT AT THE WRONG TIME. THERE IS ALWAYS MONEY TO BE MADE IN THIS BUSINESS. EDUCATE YOURSELF.
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BusyBee
Contributor
Will do, jamoo. I need to stop being so hasty ... will just hold what I have ... really need to learn more about trading before I relook at the situation. Some shares on my portfolio: S&B,GRF,GND,HAR,ABK,1time,ESR,IWE,PKH,MRF.
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Not applicable
dudesky, what Rand value does each share make up? cause if all those shares together make up your 11k you're pretty much stuffed. but we've all paid school fees somewhere along the line and you can be glad yours was cheap. If I were in your shoes there would be no point selling any of the shares as the brokerage will be like 10% loss per share. so for the next few month paper trade until you've got at least 8k to add to a share to make it viable and hopefully by then you've got a feel for the market.
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saash
Super Contributor
I am of the opinion that your portfolio is too diversified for your capital value. Cut your biggest losses and consolidate into the shares you decide to keep. Are you holding the shares directly or in geared instruments?
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BusyBee
Contributor
directly. so if i were to go with your advice, ideally i would sell itime and afbrick (going backwards ever since purchased)?
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