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Tuesday, 06 May 2008 |
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It's about time I did another share update. Not only has it been a couple of months since my last update, but it's also been exactly twelve months since I started this caper. This is a key date for me because I decided to give myself one full year before deciding if share trading was for me. It is! This whole share thing has gone better than I could have ever imagined. I'm certainly not rich (yet) as I didn't invest that much money in the first place (I'm not telling you how much, that's none of your business!), however I have seen a very nice profit over the year. If I had left the money in the bank I would have made around 7% interest for the year. By putting that money into the stock market I have made 39% (and that's after all costs, but before tax). What makes me even more happy is that at the same time the Australian stock market (all ordinaries) has gone backwards to the tune of 9%. I should have lost money, but instead I've turned in a huge profit and I'm perfectly placed to extend that when the market as a whole starts to recover. Am I happy ...... you bet!
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