Published on Tuesday, 16 April 2013 14:53
I have been an aficionado of the stock market for quite some time. From early dabbling with student monies I managed to generate a fairly chunky return from TSB plc, Northumbrian Water and others I can’t quite recall. I lost a fair bit too along the way such as on an ill-advised entry into Coloroll in the vein hope of a dead cat bounce - which never arrived.
The excitement and thrill of the whole stock market trading business has, for nearly thirty years, captivated me. And so much has changed.
In the past, buying my stocks involved lots of paperwork and selling required lots of standing in queues at the Midland Bank at the top of King Street in Manchester, at the special counter reserved for the “dark art” of stock trading, currency and AOB. Then along came the Share Centre which, like Direct Line for Insurance, seems to make the business of trading far more straightforward.
Then came the internet in the mid to late 1990s and brought ADVFN to my attention just in time for the Dot Com boom. Of course they should really have called it the Dot Com boom and bust. In late 1999 and early 2000, as one broker tells me, you went to bed at night knowing that tomorrow you would make money and lots of it. But that of course all came to a spectacularly well publicised end.