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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Experts please advice me

Experts please advice me

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1Experts please advice me Empty Experts please advice me Sat Nov 16, 2013 8:06 am

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I invested abut 6 ml in CSE about one year back and did some over trading. Due to this the value of my portfolio has come down to 2.4 mln. Now I have to get money back for urgent matter. Please advice me what to do. i can even consider to postpone my need for about two months maximum.

2Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 8:17 am

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Oh.my god,What happen to you,This year market gave some benefits,than last two years.Last two year many people face to huge loss than you,Sorry,I'm not a expert,They will help you.

3Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 10:37 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Are you sure you lost after investing One Year back ?
That was a best time to invest after the major downfall.

Sorry I cannot think about any advice. Just wait another 2-3 weeks and observe the direction and decide to sell or hold.

4Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 1:30 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The later the better... Always value increases with time. At present, the qtr profit gave good hit to head of most companies.... I thought December or January may have good bull run.. but with poor results now hope less....

5Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 1:40 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hard to understand your losses.
I don't think any expert can advice you
without knowing how you get in to trouble at the first place.
Even if you banked that money, you should have about 7M by now.
What was the biggest loss you suffered?
Hope you are not on credits.
I'm sorry to say, two months time frame is not enough to do anything.

Did this financial emergency came unexpectedly?
If your urgent matter is something related to your health?
If it is your health and you don't have any other way to fund,
my advice is, don't wait a single day.

This could be a good lesson for many novice traders.
You don't feel that you are loosing and
all of a sudden you need to take out cash affraid 
As a rule, I always keep 1 year worth of my salary in bank FD's.

@bullrun wrote:I invested abut 6 ml in CSE about one year back and did some over trading. Due to this the value of my portfolio has come down to 2.4 mln. Now I have to get money back for urgent matter. Please advice me what to do. i can even consider to postpone my need for about two months maximum.

6Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 1:57 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
මෙන්න මොලේ තියෙන මිනිහෙක්

@Dileepa wrote:As a rule, I always keep 1 year worth of my salary in bank FD's.
.
.
.
.
උඹ බැඳලද කොල්ලො ? (මට අවුරුදු 21 ක දුවෙක් ඉන්නව !)  Wink  

7Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 2:11 pm

hunter

hunter
Moderator
Moderator
@Chinwi wrote:මෙන්න මොලේ තියෙන මිනිහෙක්

@Dileepa wrote:As a rule, I always keep 1 year worth of my salary in bank FD's.
.
.
.
.
උඹ බැඳලද කොල්ලො ? (මට අවුරුදු 21 ක දුවෙක් ඉන්නව !)  Wink  
Uncle,
My salary is so low that my FD worth more than 10 years salary!!

8Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 2:20 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Haha,
Chinwi, I think hunter is better than me for your daughter Very Happy 
And yes I'm married Smile 
@hunter wrote:
@Chinwi wrote:මෙන්න මොලේ තියෙන මිනිහෙක්

@Dileepa wrote:As a rule, I always keep 1 year worth of my salary in bank FD's.
.
.
.
.
උඹ බැඳලද කොල්ලො ? (මට අවුරුදු 21 ක දුවෙක් ඉන්නව !)  Wink  
Uncle,
My salary is so low that my FD worth more than 10 years salary!!

9Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 8:31 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Dileepa wrote:As a rule, I always keep 1 year worth of my salary in bank FD's.
This is one great advice to anyone regarless of maturity.

Cant disagree with you on this for even a fortune mate Wink

bullrun, i'm highly disappointed to say this; but imo, if u let this happen, thats a crime dude... Cant blame if u run into margin calls though but why the hell u took it if u were not that smart enuf with money?
Everyone is not smart wit money.. There are circumstances where u need to pump money for urgencies so managing this like Dileepa mentioned is vital. Otherwise we'll have to run into debts..

We all made losses, I lost 4-5 laks in bear period.. Losing is a part of equity trading.. Only thing is u gotta manage win-lose ratio in 75:25 or 80:20 levels or even more..

Would you mind sharing with us the tragedy?

10Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 8:53 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
That is why willium J O'neil advice you to cut your loss at 7-8% below from your buying price without no execuse.

11Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 10:30 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@bullrun wrote:I invested abut 6 ml in CSE about one year back and did some over trading. Due to this the value of my portfolio has come down to 2.4 mln. Now I have to get money back for urgent matter. Please advice me what to do. i can even consider to postpone my need for about two months maximum.
I'm really sorry to hear about situation like this! Well people never listen to warnings and i guess these things are common occurrences here even if some don't post them.

Seems only thing you can do is get more advice from the same experts opinion you took and praised last year! I think those went something in the lines of " Its always good to buy shares what ever level the market is at! You should invest long term and not short ( I presume this means for your grandchildren as you still have hope those bad decisions you made might pay off.)

12Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 10:38 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:මෙන්න මොලේ තියෙන මිනිහෙක්

@Dileepa wrote:As a rule, I always keep 1 year worth of my salary in bank FD's.
.
.
.
.
උඹ බැඳලද කොල්ලො ? (මට අවුරුදු 21 ක දුවෙක් ඉන්නව !)  Wink  
Like it very much!

13Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 11:15 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Dileepa wrote: 
As a rule, I always keep 1 year worth of my salary in bank FD's.
This is such a good advice which could come from a really experienced person. But I can't help my self doing this. Every time I get some money(Mostly salary) I tend to buy..

14Experts please advice me Empty Re: Experts please advice me Sat Nov 16, 2013 11:39 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Leon wrote:
@Dileepa wrote: 
As a rule, I always keep 1 year worth of my salary in bank FD's.
This is such a good advice which could come from a really experienced person. But I can't help my self doing this. Every time I get some money(Mostly salary) I tend to buy..
That doesn't hurt u either.. Either way u have some money saved (unless the share u bought are crap)

15Experts please advice me Empty Re: Experts please advice me Sun Nov 17, 2013 6:27 am

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
All depend on the situation and the amount of money you require.

If it is a medical emergency , if you have an insurance policy you may be able to recover full or part of the amount. If it is non medical situation best option is to first seek possibilities whether you can borrow /ask some money (full or part) from close family member/relative/friend, (pretty sure they will not ask for interest:) ).

If you do not have any and no savings at all elsewhere the next option available to you is your portfolio, selling some share holdings with minimum loss/profit. Whether it should be done today or tomorrow or in two months time I do not have expertise to advise you.

I too was in a similar situation but never had any emergencies but luckily I had a property for disposal for whatever the emergency. I think you should always have some back up in case of an emergency. Should not put all eggs in one basket. These things discussed in this forum itself a many a times as far as I can remember.

This is what my little brain can think of for the moment but if there is anything else that I can think of I'll definitely come back.

I wish you will over come this situation with minimum financial burden and mental strain!



16Experts please advice me Empty Re: Experts please advice me Sun Nov 17, 2013 6:39 am

pushpakumara


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
OOps one thing I forgot to tell you, I am not an expert although I commented on this. But if you find it little useful I am more than happy. Thanks.

17Experts please advice me Empty Re: Experts please advice me Sun Nov 17, 2013 7:04 am

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks all,

Over trading, high expectation and going after speculative shares  without study are the reasons. And I used to buy in big quantities too.

Now I manage my day today expenses from dealing with Government Permits. I did not inform about my investments to family members. They are in the opening that I have money at bank!

18Experts please advice me Empty Re: Experts please advice me Sun Nov 17, 2013 8:22 am

hunter

hunter
Moderator
Moderator
@bullrun wrote:Thanks all,

Over trading, high expectation and going after speculative shares  without study are the reasons. And I used to buy in big quantities too.

Now I manage my day today expenses from dealing with Government Permits. I did not inform about my investments to family members. They are in the opening that I have money at bank!
Just trying to help; this is my view.
Let's say the market will go further down; then it may be advisable to take out whatever remaining to avoid further loss.
But more importantly,
What if the market goes up and you recover all your paper losses?...
Will you start again careless play?
Then I suggest take out most of the money out of the market NOW and leave only a 'risk capital' 'to play' in it.
On the other hand, If you feel the expensive lessons are learnt, then I suggest start form the beginning with an affordable capital to loose and prove yourself that the lessons are actually learnt.

The thing is, as far as some capital is remaining you may build the things slowly again. If you loose whatever remaining as well, the hopes are distant.

Read what happened to Sadam Hussain from an investors point of view. After invading Kuwait, When USA was negotiating, He missed the chance to survive as a winner, then he missed the chance to survive as a looser as well; it was too late when he understood the situation.

19Experts please advice me Empty Re: Experts please advice me Sun Nov 17, 2013 11:08 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@hunter wrote:

Read what happened to Sadam Hussain from an investors point of view. After invading Kuwait, When USA was negotiating, He missed the chance to survive as a winner, then he missed the chance to survive as a looser as well; it was too late when he understood the situation.
I think he'd never thought he'd get captured so he never wanted to workout on plan B or C Twisted Evil 

Too unlucky for him, he messed with US not SL... Cool 

20Experts please advice me Empty Re: Experts please advice me Sun Nov 17, 2013 12:30 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
im so sorry bro.. I guess it's not possible to recover 3.6M gap so easily. one thing we could try is re-start and invest in a long term strategy. clear all the money and re-invest in FD and cse half to half. Don't consider about the capital you wasted. think new and use the current money wisely. Smile

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