Skip to main content

Beginner’s luck





 Three Fivers is predicated upon being able to start a ‘business’ that makes money from just five pounds of investment. Today I could close it down as successful.

In my first ever venture into share dealing, I bought £5 worth of Harland and Wolff shares at 4:05pm. At 4:38pm, I offloaded them for a 13p (2.6%) profit.

Not enough to pay the mortgage, nor even to qualify as a side hustle, but profit nonetheless.

13p doesn’t buy much these days - not even a Freddo - but, 2.6% profit compounded does add up; my love of a spreadsheet shows how profit becomes more interesting over five days below.

Over 12 months (365 days, although you cannot trade for at least 104 of these days) that would turn my humble £5 into around £5300. Not bad.

I’m not especially enamoured of share trading, but it can be quite interesting I think if I add in additional rules; devote a maximum of 5 minutes a day to it and invest the whole of the capital at once - no portfolio.

Whether this will survive even the next trade, let alone becoming a business, time will tell.

Comments

Post a Comment

Popular posts from this blog

Three Fivers - the idea of spare money

The Covid-19 virus and lockdown have changed things, somewhat. Brexit changed things somewhat. Things will change again, somewhat more. Having worked, over the years, for a number of corporations either American or with strong American influences, the path we are headed down, is strongly American. American colleagues get PTA (paid time off), not holiday. They are guaranteed only 8 days annually - everything else is discretionary. They got into work when they are ill, because labour laws allow arbitrary dismissal. They, by and large, have a ‘side hustle’ going on; a secondary source of income. They quite often have second jobs too. And what has this to do with an obscure blog called “Three Fivers”? The title is a nod to the Three Tenors concert which was huge, way back when, because something popular (football) mixed with something relatively unpopular (opera). I wanted to explore whether it is possible to create money - wealth - from limited means, ten or fifteen poun...
4 comments
Read more

Free is the magic number

There’s little doubt that late 2020/early 2021 will be calamitous for business. The combination of Covid-19 lockdown economic inactivity and Brexit will destroy vast amounts of businesses, large and small. And yet, from some perspectives, there’s never been a better time to go into business. The arguments in favour off this are as simple as they are brutal; people going bust sell their goods off at knockdown prices, businesses that begin and make it through what will almost certainly be the worst economic events since 1929 are fundamentally sound business models, and information technology has democratised business tools to an unprecedented level. Consider the children’s story, ‘The Indian in the Cupboard’. In the story, a boy receives a cupboard for his ninth birthday. Putting things in this cupboard changes them and brings them to life. By putting the right things in, complicated new things can be made, explored or brought to life. 3D printing is rather the same; things that you coul...
Post a Comment
Read more