Sorry, few updates this week due to general busy-ness and a web hosting issue that prevented posting.
Last year I dipped my toe in the sharemarket: I bought shares in Xero, the cloud accounting service.
They were about $25 at the time. Since then they have dropped in price by about half.
If only I’d bought them back when I got a tip-off to do so, when they were at about $6. Oh well, I didn’t put too much in, and I knew it was a gamble.
Meanwhile I noticed this story: Lego a ‘better investment than shares and gold’
Apparently I should have bought Lego, not Xero.
4 replies on “Investments”
Oh well, I.T. related stocks tend to boom and bust. Xero could take off (upwards) by the year’s end. Here’s hoping.
MYOB certainly took notice of XERO and are trying to turn the ship around as we speak.
When did you stop being the average australian ?
[…] any other type of investment would have to be self-funded. I’ve dabbled in shares (disastrously), and the bank wouldn’t lend to me to buy a race horse or […]