Saturday, July 7, 2018

June 2018 Overview - Hello investment world



As a programmer often the first thing to write in a new language is the so called "hello world application" to test the waters with it. I will apply the same concept here. I feel like there is so much to write about but nowadays it is better to keep everything that you have to say, simple. So i will try to pace myself!

First of all a bit about me. I am 28 years old and only this year found out about the huge world and possibilities of investing (thanks to the nudge of a friend who also started with investing in the past year). I'll be honest, at first i was overwhelmed by the information and options and i guess that hasn't really changed. Still, the best way to get into things is by getting straight to the business and so i did.

My first non-real-estate investment in my life was buying some Tallinna Kaubamaja stocks (ticker symbol TKM1T) in the Baltic Stock Exchange. Some of my colleagues hinted it would be a good time to start with it since the price seemed to be nudged down by the IPO of Tallinna Sadam (ticker symbol TSM1T). I was observing the price and found 9.06 euros to be a good enough price to cash in at (or opt-in to the stock). Wanted to start with a 2x bigger position than i did but due to some technical difficulties missed the opportunity.

I guess you could say i got carried away and didn't stop there. The aforementioned IPO was something i also didn't want to miss and i secured the minimum guaranteed amount of stocks from it. Was pleasant to see the 1.7 euro final price which pumps the potential dividend outcome compared to the 1.8 euro offer price.

I guess the starts of investment careers are kind of boring in the sense that at least I personally like seeing the profit numbers and rejoice with the bloggers themselves if they go up. I won't leave you without some graphs and numbers though (however simplistic they might be right now).
After all the expenses i managed to save a good 60% of my income so i started strong in the 50% club.

Current portfolio size: 31949.47 Euros. That cash percentage hurts since it's mostly money sitting and burning slowly on the bank account (ohh that nasty inflation monster) but i will have to pace myself not to teach myself the hard way when taking the baby steps in this fascinating new world.

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