Angelica _ann wrote:Fyatu wrote:lochaz-index wrote:mlennyma wrote:Stocks investing is becoming very frustrating,you wait for ages with no meaningful return.
Technically the NSE20 has been in a secular bear for 12 years or so since that 6161 high in 2007. Some stocks have been under water ever since. The opportunity cost of buy and hold during a bear turn is immense. Take the Nikkei for example which has been in a 30 year secular bear and still down 40% currently from its 1990 high. Most European indices with the exception of the Dax and FTSE are yet to recapture their pre-GFC highs which underlines long-term economic/structural weaknesses.
I can proudly state here that i have made a tidy 17% from Flame tree Group(FTGH) in the past 3 weeks.I have offloaded all my holdings
today at ksh. 1.74 (ABP 1.48). 12.5% nett, that is great. Keep it up.
It is actually 17 % net.
I bought 10000 shares of FTGH @ 1.45 of 21st Feb 2020.
Here is the math:
BUYINGshares bought = 10000
charges'fees = 0.02%
Total amount spent on investment = 1.02 * 14500 = ksh 14790
SELLINGShares sold = 10000
selling price= 1.74
charges/fees = 0.02%
Total amount after received after selling = kshs. 17052
(10000 * 1.74) * 0.98 = 17052
Dumb money becomes dumb only when it listens to smart money