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My First Share Purchase
I though it would be interesting to disclose the first share you bought.
The year was 1978. I paid $200 for a Dunedin company selling shares in a Fitch Fur business. NZ Fitch Fur Ltd.
Needless to say I never saw my $200 again, it went bust !!
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Member
Freightways 3125 shares at $1.60 when they had their IPO in early 2000s. Still own them and added a few.
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I think mine was as part of a informal share club - 4 of us put in about $200 each and bought Prime... sold that for a small profit (this is easy money and then bought Chase Corp - I think we got back about $20 each.
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It was either Infratil at 50c in 1997 or Guiness Peat Group at 50c at the same time - one was first the other was second but for a while they were the only shares I owned. I sold GPG at 75 I think.
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Bought Colonial Motors in 1976 as part of an Auckland University share group called MIMIC, short for Millionaires in the Making! Interesting that CM still going!
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Embarrassed to say my first purchase was Brierley Investments - before the crash. Purchased with my (then) husband on the advice of a friend. Knew absolutely nothing about shares or investing. From memory it was only a couple of grand’s worth, but needless to say we lost the lot. Was never game to invest again until 2016 when I bought 1000 KFL shares. Again, on the advice of a friend, but this time I did some homework, joined ST, started my learning journey and so far, I am (hopefully) doing a much better job of it
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Either Carter Holt Harvey, GPG Group or Brierley Investments, sometimes in the early 90's. Was rather naive as far as investing was concerned but learnt a lot since then and never looked back.
Last edited by blackcap; 20-01-2020 at 08:25 PM.
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Member
Flight Centre because a friend worked there. Bought 1000 shares for AUS $ 1 in the IPO and got so scared when it got to $8 I sold the lot ... been hooked on shares ever since
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Dominion Breweries. Early 60's.
On the advice of a very wealthy man. " If times are good people drink. If times are bad people drink ".
He was correct.
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Originally Posted by justakiwi
Embarrassed to say my first purchase was Brierley Investments - before the crash.
Me too!
$250 of my hard earned. Thought it looked like easy money - turned out to be true, just not for me...
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