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

Experts please advice me

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21Experts please advice me - Page 2 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.

22Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 7:04 am

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!

23Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 8:22 am

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.

24Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 11:08 am

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 

25Experts please advice me - Page 2 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

26Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 12:38 pm

knockknobbler


Manager - Equity Analytics
Manager - 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. .......
From the above it seems you have lost about 60 % of your investment .
This seems strange, when someone look back,  performance of the market during last one year period .

During the period under consideration , starting from 15 Nov 2012,maximum drop in ASI had been only 4%. (from 5572  to 5330 on 12/04/2012). From there onwards ASI has increased by around 22% (to 6490 on 5/23/2013.).  ASI has beeen in  a declining trend thereafter.
However , even when someone consider the whole period from 15 Nov 2012 to 15 Nov  2013 , ASI  indicates an increase of around  4%.

If someone to loss around 60 % during above period,  he had to engage in , not only over trading , but some extraordinary trading !!
I  just glanced thro' some of your previous posts, to get an idea about what types of shares you were interested during those period.  What I  came across , was these invaluable advices  !!! (...... you have offered to other members from time to time) .

" By and forget. Don’t try to book profit very often till you get seasons. In other words do not focus quick money. Think about long run. The best thing is that before buying you have to have schedule of stock with reasons as to why you consider them. Then collect, EPS, DPS, NAVPS etc. Read annual reports and future forecast etc. Never buy with mere brokers recommendations. They recommend what they want to sell. You will never be able to change market direction but if you can find the same correctly you will be able to win..."

" Try only regular dividend paid counters. No speculative counters. Try only sound counters. Everything now have come down. The market never closed. it will definitely go beyond this level soon "


" My opening is wait further more until you see a positive signs of the market and invest in non inter related highly discounted dividend paid counters. If it is 2.00 ml go for at least four firms and buy and keep aside as if you invested in FD. You will be able to recover part of your losses too."

"My sincere feeling is that the most counters have come to the lowest level so to recommending even to new comers is not a problem. The mistake that new commerce do is to do trading without experience. So, why don't we ask them to do investments on short terms and long terms basis? "

"Why people worry about manipulators? Let them to do what they like. Think about good stuff. Foreigners are continuously buying but specially the retailers are looking at manipulators to find quick money and ultimately "kelawagannawa".
"kelawaganne nethuwa, buy good stuff only at least you will get dividends annually. "

" If we now jump and buy the counters which foreigners purchased during the past there will be a disaster since a chance is there to book profit by them. Then once again we will be get caught. It is better to find sound counters where the foreigners have not yet stepped.
Don't go after gambling. You should think about the counters where you can expect profit at least in future.
"Try to be lead rather than following".
I was so frustrated about investing in some counters due to price fall. But I did not move away. Collected little by little reducing my average cost. Now I have booked a handsome profit from a counter stagnated for long period. The profit I got will never be able to get by investing any scheme of any bank. "

27Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 12:44 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
You already know your number one mistake(Over Trading).
For your invested amount,
I guess your total transaction value is somewhere in between 40M-50M over the period?
If it is 40M you have donated nearly half a million to your broker and CSE.
Your broker should have a moral obligation to warn you.
Did you received any advice from your broker?

If you haven't realized yet,
your no.2 mistake is not disclosing what you do(and gain or loss) to your family.
Believe me, the best adviser to you is your family.
What if you die tomorrow?
Do they know the contact details of your broker and your account number?

I disclose every thing to my family and there is a envelop labeled
"Only to be opened in the event of death or permanent memory loss of Dileepa xxxx" in my drawer.
I suggest you to have good talk with your family and tell them every thing.
No harm could come by informing them and you will feel better after that.
The quicker you do it, the beater you are.

@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!

28Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 2:07 pm

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@knockknobbler wrote:
@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. .......
From the above it seems you have lost about 60 % of your investment .
This seems strange, when someone look back,  performance of the market during last one year period .
I did all these mistakes and i do not want others to do the same.



Last edited by hunter on Sun Nov 17, 2013 2:27 pm; edited 1 time in total (Reason for editing : Moved [/quote] to the correct position)

29Experts please advice me - Page 2 Empty Re: Experts please advice me Sun Nov 17, 2013 2:55 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
There is always a winner/loser to each side of a trade.
Guess how those who sold JKH, LOLC, CINS, SEYB, SAMP, COMB, HNB in 2008 must be feeling

6m is big money in Aus/UK/US .... let alone SL

What is ur portfolio?? ... then we can provide advice

30Experts please advice me - Page 2 Empty Re: Experts please advice me Mon Nov 18, 2013 6:15 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
The only we for you to recover is try to work out another method to finance your urgent cash need. As for other input it is very hard to gauge without knowing your portfolio I guess. If you have invested in crap then I hate to tell you that things won't improve that easily. for you to have lost so much it seems to me like you have bought when ASPI was 6500 to 7500 . All the best in what ever decision you make. It's never easy when you lose money what ever the value.

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