Investments

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.

Xero share price, last 2 years

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.

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4 thoughts on “Investments”

  1. 1
    Roger says:

    Oh well, I.T. related stocks tend to boom and bust. Xero could take off (upwards) by the year’s end. Here’s hoping.

  2. 2
    Tim Chuma says:

    MYOB certainly took notice of XERO and are trying to turn the ship around as we speak.

  3. 3
    enno says:

    When did you stop being the average australian ?

  4. 4

    […] 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 […]

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