Stock Market and the Stoski: A Cautionary Tale

 I had shares in a company called Bluescope Steel for a few years when I was younger. It's on the Australian Stock Exchange. It’s kind of a big deal here. One day, I had a feeling that the price would tank. It was, at the time, $6.something, and I’d bought at $2.something. With such a jump since purchase, I thought that I'd take my tidy profit and split, which I did, ploughing the money into SYD - a local airport company.

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A few days later, the price tanks hard. Went down to 0.55 or some such. Needless to say, I'm feeling really good about myself. I predicted the market at the optimum time and maximized my growth before a spill. SYD was even climbing already. Happy days!

Cut to today. Bluescope is at 16.11. I could have increased my ownership of a dividend-paying bluechip by 12x, and I squandered it for some stupid airport shares.

SYD is okay, I guess, but no-where near where Bluescope is.

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