erikbloodaxe

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05 Dec 2013
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17:12 05/12/2013

This VCT must be one of the all time poor performers, ever. They were bought by me at £1 per share, 15 years and 8 months ago.

After tax relief, dividend reinvestments and dividend payments, they have currently cost me 33.86 pence per share.
With the current bid price of 29.5 pence per share, I am still showing a loss of 12.88%, a sum of £864.41 on my original stake of £15000.

If I were to sell now I would receive about £5848 less dealing costs. My financial adviser in 1998 thought it was a good buy and that after 15 years I would sell for about £45000.

IMHO, VCT 's are 'rubbish' so steer well away from them.

I wonder how much money the managers of this VCT have made over 15 years? I bet they have made a profit at my expense.

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