Occasionally, I do something that is so dumb that it’s worth putting up a blog article to warn readers not to do the same thing as I did.
I am currently in the process of cleaning out my father’s portfolio and slowly removing his less promising investments from the family portfolio. One of the items I was eager to get rid of is 80,000 shares in Neratel. So two days ago, I put a sell position on 80,000 of Neratel and cycled the position into an equivalent amount of Netlink trust – I needed my mum to get dependable dividends moving forward so I can afford only the safest investments moving forward.
This would have been fantastic move…. if only I actually had 80,000 shares of Neratel !
So I got a call from the broker the next day telling me that I sold stocks that I did not actually own in my