La debacle delle azioni Eircom: “Ho speso € 5.000. Ora valgono meno di € 500 ′ – The Irish Times
https://www.irishtimes.com/your-money/2025/04/28/the-eircom-shares-debacle-i-spent-5000-they-are-now-worth-less-than-500/
di WickerMan111
La debacle delle azioni Eircom: “Ho speso € 5.000. Ora valgono meno di € 500 ′ – The Irish Times
https://www.irishtimes.com/your-money/2025/04/28/the-eircom-shares-debacle-i-spent-5000-they-are-now-worth-less-than-500/
di WickerMan111
17 commenti
The value of any shares can go up or down. You’re taking a gamble by putting your money into any public company. Don’t cry now when you might have been laughing if things had gone another way.
I don’t have any sympathy here…. “Boo hoo for poor me! I thought I’d make €50K off €5K but it turns out it was a bad investment, and now the shares are only worth €500! Isn’t it awful for me?!”
🙄
We all partied.
I got a tip for a horse in the grand national and it lost so now I’m down a tenner dispite what the tipster told me but that’s gambling for ya. 🙄
Poor headline – there isn’t a clear 5k to 500 pathway.
What they have left are not Eircom shares, they are Vodafone and Verizon shares. They would have had the Eircom shares bought from them when it went private; and they would have got some dividends from all three over the years too; and cash from the deal that generated the Verizon shares
I’m sure they’re still under water, but not by 90%
There was loads of people borrowing money to buy shares in the expectation that they’d rise in the short term. It was obvious that there would be loads looking to sell as early as they could which was always going to result in a big fall.
I put €250k in an investment fund who bought a land bank in the middle of nowhere with an intention to build houses.
Then 2008 happened and I lost everything.
*I actually didn’t but a lot of people did.
Wait stonks dont only go up?! Lies.
If you’re buying 5000 euro in a single companies shares then you’re either so stupid that you brought this on yourself, or you have enough money that losing 5k shouldn’t be a real problem.
> having been effectively **force-fed** the stuff by various arms of the State
Yeah that’s what happened.
People saw an offer that was too good to be true and jumped on it. Anyone who got out stright away made good money but I think few enough did that.
For many, it was the first time they were introduce to market trading, it was mad, you had Da’s who never spent a fiver on the Grand National convinced they were going to make money on the deal.
My risk-averse auld lad worked for them at the time, and was able to buy in through the Employee share Ownership Scheme, which I think gave him a handful for free as well. I don’t think he bought more than the bare minimum.
My uncle (who had a lot more cash available) bought and sold a load within 48 hours for a small profit.
Mad how shares go up and down. If they always went up we would all have em.
I was took out a small personal loan from AIB in 1999 to cover some of the costs of a house move. I think I borrowed £1000, but I distinctly remember the AIB agent on the phone – unsolicited – pushing me to take another grand for Eircom shares!
A few years after, one of my accounting tutors went on a tangent in class about being annoyed he missed the eircom flotation because it was pushed out to so many people who weren’t seasoned investors and experienced investors could make a killing in a short amount of time on them.
This is why the deemed disposal law needs to be removed, and people allowed to invest in ETFs like the rest of the world.
Borrowing money to buy shares is fecking stupid.
Jaysus mate, it was 25 years ago, get over it.
Eircom shares = crypto 1.0