Double Our Money in 2 years end of 1st Year

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Double Our Money - Contractor Success Stories
Double Our Money - Contractor Success Stories

Double our money

We are attempting to double our money in two years and we are concentrating on banking and IT Recruitment companies.

We started on Jan 1st.

The third quarter is now over and the UK stock market has risen by 3.4% since the start of the year.

If we were to be on target we should be up about 40% by now.

Here‘s how we have done so far.

Barclays Bank

Buying Price – 179.07p

Price Now – 261.75p

Rise – 46%

CPL Resources

Buying Price – 215p

Price Now – 262.5p

Rise – 17%

Harvey Nash

Buying Price – 52p

Price Now – 63.12p

Rise – 21%

HSBC

Buying Price – 496.73p

Price Now – 645.80p

Rise – 30%

Lloyds Bank

Buying Price – 26.10p

Price now – 48.00p

Rise – 84%

Nakama Group

Buying Price – 3p

Price Now – 1.75p

Rise – -42%

Parity Group

Buying Price – 20.75p

Price Now – 18.50p

Rise – -11%

RBS

Buying Price – 202.70p

Price now- 323.80p

Rise – 60%

ReThink Recruitment

Buying Price – 8.25p

Price Now – 6.50p

Rise – -21%

SThree

Buying Price – 226.25p

Price Now – 335.88p

Rise – 49%

FTSE

Start of 2012 – 5.700

Now – 5,898

Rise 3.4%

Overall Results

Overall we are up 23.3% since we started at the beginning of the year.

If we are to hit our target we should have been up about 40% – so we‘ve fallen behind.

We are attempting to double our money to turn £100,000 into £200,000 in just two years.

On Schedule

Our £100,000 is now £123,300.

It should be around £140,000 if we were on schedule.

However, we have outperformed the FTSE-100 which is up 3.4% on the year so we have easily beaten the market by about £20,000.

Bank Shares

I have been criticised for selecting bank shares but the four bans are up over 55% on average and if I had just stuck with those I would be ahead of schedule.

It is the agencies that are letting me down.

However, they tend to recover later in the cycle than bank shares.

Perhaps they‘ll provide the boost next year.

I don‘t think that the portfolio has been a failure as it is up 23.3% on the year – well above what you would get on interest payments and well above the FTSE-100 which is up by 3.4%.

Also, the target of doubling our money in 2 years was a very high target.

To double your money in 2 years you really need a rapidly rising stock market AND an outperformance of that market with my shares.

It is better to aim high and make some money along the way even if you fail to hit targets.

Future Profits

So, can I still do it?

It‘s possible but not likely.

The banks have done the job for me this year but next year I will need the agencies as well.

Banks are always the first to recover on the Stock Market.

Agencies are usually much later.

However, if we do the same next year then we will have made over 50% on our money in two years. That’s in our attempt to double our money in two years.

I might not have hit targets but every year we‘ve tried this we have outperformed the Stock Market which isn‘t too bad.

The accumulated figure over the years would be pretty good.

I must calculate it sometime.

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