The Stock Exchange - Poland (GPW ... or WSE). Do you invest?

♂

Edited by: Lodz_The_Boat Dec 5, 10, 13:55 #1

Hello there,

So do any of you invest in the Warsaw Stock Exchange? If you do, what is your portfolio? Would you like to discuss opportunities in the market?

I think the WSE is not doing poorly, and there are very good chances to make good money in here.

My friend who studied with me in University of Lodz had been doing excellent! With some guidance from him, I was able to do good in this and well, one thing I need to say is that if your portfolio is good your money sure grows!

Before I open this topic, I would like to begin with my own suggestion: Keep in touch with other people who are trading, and always maintain a fairly large portfolio (minimum 5).

Here it is in English: http://gpw.pl/root_en

So... lets start the discussion?

Mod: Would love if you made it a sticky. I think the topic is really relevant.

♂

Feb 3, 11, 14:11 #2

Lodz_The_Boat:

So do any of you invest in the Warsaw Stock Exchange? If you do, what is your portfolio? Would you like to discuss opportunities in the market?

Tell us first what your portfolio is. And what are your gains made on the guidance of your friend. Are these just paper gains?

Does investing on a stock exchange require a lot of time or does it not? If it does, would you still have time to read through the PF any more?

Will people tell you on a public forum what shares they hold if they're sure they've just bought a goldmine? I once bought a rather small amount of shares of a company, sold it after a year or so with a decent profit, and after another year or so these shares skyrocketed into what would have made a millionaire [in euro terms] of me. This has been the best company of the last ten years or so on the WSE in terms of biggest gains, so if you are an investor, you'd be able to tell its name. Are you prepared to keep your shares for five or ten years?

No, I've never kept a large portfolio. I am or - better say - I used to be a risky investor in shares.

alexw68

Feb 3, 11, 14:16 #3

With the figures an individual trader is running, you can forget about a decent return going into straight shares after costs if you rebalance on anything like a regular frequency (eg, quarterly). Exchange costs, fees etc are truly horrendous here.

Better off to stick it in an emerging markets etf with exposure to BRICS, all of whose growth rates are solid double digit. With PL having such strong ties to the Euro and the Euro being borderline f*cked, any PL position without a currency hedge is looking a bit flaky.

HarryThreads: 62 Posts: 8,508 Joined: May 2, 07 ♂ [Suspended]	Feb 3, 11, 14:17 #4
My great-uncle made a mint in the city as one of the last of the old generation of traders. His advice was very simple: if you're investing, just follow the market; if you're gambling, you're far better off in the casino or at the Gold Cup as you'll get far better odds there.

♂

Edited by: grubas Feb 3, 11, 14:38 #5

Ziemowit:

Are these just paper gains?

There is no such thing as "paper gains" or "paper losses"

alexw68:

With the figures an individual trader is running, you can forget about a decent return going into straight shares after costs if you rebalance on anything like a regular frequency (eg, quarterly

Care to elaborate Alex?

alexw68:

Exchange costs, fees etc are truly horrendous here.

Transaction fees are high but to call them horrendous is an exageration.Ever heard of "prowizja liniowa"?

Harry:

if you're gambling, you're far better off in the casino or at the Gold Cup as you'll get far better odds there.

No,you won't.

♂

Feb 3, 11, 14:38 #6

Ziemowit:

Does investing on a stock exchange require a lot of time or does it not?

It doesn't

Ziemowit:

If it does, would you still have time to read through the PF any more?

I have a business of my own, as well as investments in various ventures and stocks. I have time ... and stock market doesn't consumer alot of my time. I have good agents.

Ziemowit:

Are you prepared to keep your shares for five or ten years?

Yes. It is not the money for my livelihood... its rather idle money.

Ziemowit:

No, I've never kept a large portfolio. I am or - better say - I used to be a risky investor in shares.

You can be risky and still have a large portfolio. Large portfolio helps you to minimize losses.

grubasThreads: 20 Posts: 1,452 Joined: Feb 1, 10 ♂	Feb 3, 11, 14:43 #7
Lodz_The_Boat: It doesn't If you want to make money it does take time and first of all DISCIPLINE. Lodz_The_Boat: Large portfolio helps you to minimize losses. And also limit your gains.

♂

Edited by: Ziemowit Feb 3, 11, 15:24 #8

Lodz_The_Boat:

Ziemowit:
Are you prepared to keep your shares for five or ten years?

Yes. It is not the money for my livelihood... its rather idle money.

I didn't mean that. I meant: are you prepared for it if a share price itself is idle for, say, two or three years - aren't you tempted to sell because you've stopped to believe that it can ever go up. That's what happened to me and I have not become a millionaire as a result of my lack of perseverence; I could have sold later on the shares I've mentioned for two million euros approximately.

grubas:

There is no such thing as "paper gains" or "paper losses"

Imagine that when the market collapses and you are struggling with the double glazing of your window in your appartment on the 15th floor to throw yourself out of it as a result of the crash, the market suddenly recovers and you are saved thanks to the double glazing. The losses that you've made between the crash of the market and its recovery, the ones that you did't materialize (although you've tried to do so through the act of your attempted suicide), but which at some time occured to you, are usually refered to as "paper losses".

♂

Feb 3, 11, 15:32 #9

Ziemowit:

Imagine that when the market collapses and you are struggling with the double glazing of your window in your appartment on the 15th floor to throw yourself out of it as a result of the crash, the market suddenly recovers and you are saved thanks to the double glazing. The losses that you've made between the crash of the market and its recovery, but you did't materialize them (here through the act of your attempted suicide) are usually refered to as "paper losses".

When market collapses I am shorting.I never allow myself to lose more than 5%.Now,that's what I mean saying discipline is most important.But I am not an investor,I am a trader.B&H is for idiots.Put your money where your mouth is dude,I will gladly take it (the money not mouth ofc).

ZiemowitThreads: 10 Posts: 1,063 Joined: May 8, 09 ♂	Feb 3, 11, 15:52 #10
grubas: I mean saying discipline is most important.But I am not an investor,I am a trader.B&H is for idiots. I agree that discipline is probably the most important (not only in investing or trading, by the way). As for the B&H strategy, one of the richest people on the planet, Warren Buffet, has made his money using precisely that strategy. What makes you think that he is an idiot?

♂

Feb 3, 11, 16:07 #11

Ziemowit:

What makes you think that he is an idiot?

I am not saying Warren Buffet is an idiot but he also makes mistakes.Now,do you have Buffet's capital?I don't and I can't afford losses he can.B&H is for someone who don't follow markets and is lucky or smart enough to buy at the right time.It has cost me a lot of money to learn that and now when unsure about trend I rather lock in gains or realise losses and go on the sideline.But,everyone has his own strategy.Anyway, good luck!

convexThreads: 46 Posts: 7,185 Joined: Nov 25, 09 ♂	Edited by: convex Feb 3, 11, 17:28 #12
http://www.bbc.co.uk/ news/business-12354402 Commodities still rock'n baby.

grubasThreads: 20 Posts: 1,452 Joined: Feb 1, 10 ♂	Feb 7, 11, 20:18 #13
convex: Commodities still rock'n baby. And they will in 2011 since FED keeps printing.The FED is the biggest holder of US dept.Budget deficit 1,5 T. Don't US "borrows" money from US?

alexw68

Feb 8, 11, 09:17 #14

convex:

Commodities still rock'n baby.

^ And he ain't whistlin' Dixie:

http://www.bloomberg.com/news/2011-02-08/commodities-to-beat-emerging- market-stocks-in-2011-socgen-s-friesen-says.html

from TFA:

Commodities will beat stocks in China, Brazil and other emerging economies this year as inflationary pressure curbs equity gains, said Societe Generale.

Growth of raw-material consumption in emerging economies led by China will be sustained even as prices advance, said commodity analyst Jeremy Friesen, who was a strategist at Morgan Stanley in New York before joining the Paris-based bank. The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 14 percent last year as the Dow Jones- UBS Commodity Total Return index climbed 17 percent.

♂

Feb 8, 11, 13:09 #15

grubas:

And they will in 2011 since FED keeps printing.The FED is the biggest holder of US dept.Budget deficit 1,5 T. Don't US "borrows" money from US?

Yes, the US Treasury (public) owes the Federal Reserve (private) roughly $5t for typing a couple of numbers into a computer. That is an awesome business model.

alexw68:

Commodities will beat stocks in China, Brazil and other emerging economies this year as inflationary pressure curbs equity gains, said Societe Generale.

I completely agree. Lots of folks are losing confidence in most types of paper...that will only drive up commodities more until panic mode sets in and metals start getting pushed up again...

And from the deep end....
Guessing by that point, the dollar will lose it's status as the worlds reserve currency and literally be worth nothing. No reserve currency, no value at all. I'll be glad to have invested in that AR15 and the reloading bench. Yea, I'm coming over to steal your water and rice.

ZiemowitThreads: 10 Posts: 1,063 Joined: May 8, 09 ♂	Feb 8, 11, 14:48 #16
alexw68: as inflationary pressure curbs equity gains, said Societe Generale. How dare they open their mouth again after a certan Jérôme Kerviel had shown they are total crap? convex: I'll be glad to have invested in that AR15 and the reloading bench. What the hell is AR15?

alexw68	Edited by: alexw68 Feb 8, 11, 14:51 #17
Ziemowit: How dare they open their mouth again after a certan Jérôme Kerviel had shown they are total crap? Name any investment bank of whom you wouldn't say the same following September 2008 - March 2009. A short list, to be sure.

convexThreads: 46 Posts: 7,185 Joined: Nov 25, 09 ♂	Feb 8, 11, 14:57 #18
Ziemowit: What the hell is AR15? Probably one of the best long term investments one can make in todays difficult times.

HarryThreads: 62 Posts: 8,508 Joined: May 2, 07 ♂ [Suspended]	Feb 8, 11, 15:08 #19
convex: Probably one of the best long term investments one can make in todays difficult times. Don't buy into the hype! The best investment is most certainly an M1A1 carbine, with some of the change left over being invested in a titanium crowbar.

♂

Feb 8, 11, 16:04 #20

convex:

Probably one of the best long term investments one can make in todays difficult times.

But is it really better than the AK-47?

alexw68:

Name any investment bank of whom you wouldn't say the same following September 2008 - March 2009.

The same? No, I can't name any other investment bank except this French one which had been fooled with such an enourmous fraud by one of its employees. If you can, je suis preneur ...

alexw68

Edited by: alexw68 Feb 8, 11, 16:13 #21

Ziemowit:

If you can, je suis preneur ...

No other bank was defrauded like SocGen. But most of them willingly bought into mathematical models of risk that even a cursory glance would tell you were at best opaque, and at worst plain wrong. They willingly and deliberately ignored the downside, because right now the bonuses were flowing in.

The guy (Li) who invented the copula model of CDS/MBS pricing was up for a bloody Nobel until the sh1t hit the fan - that's how pervasive the self-delusion in nearly all of the banks was.

And yes, I was there. Very hard to give a lecture on the 'guaranteed return' of equity indices to a bunch of trainee traders in Canary Wharf when behind you the Reuters ticker is telling you the FTSE has just tanked 6% in one hour.

POLAND . The Unofficial Guide	Unanswered \| Archives
POLAND . The Unofficial Guide	Polska, Polonia, Poland	Witamy, Guest \| PF Members \| Gold Members

Home \| Unanswered \| Archives \| Random \| Statistics	Time in Poland: 08:01 / May 26
About Us \| Contact Us \| Rules, Privacy \| Poland Advertising	© 2005-12 PolishForums.com