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Disclosure: I sold Tucows shares

Kevin Murphy, May 21, 2021, 12:34:40 (UTC), Gossip

TL;DR — I made about $3,700 selling Tucows shares.

I’ve never been much of an investor in anything, largely because I’ve never really had the disposable income. However, back in 2006, when I lived in the US, I opened an online share-trading account and bought around $1,000 worth of shares in various technology companies.

The companies included what at the time I considered safe bets: Dell, AMD, Yahoo! and Adobe. Everyone still uses Yahoo, right?

But I also bought 50 shares of Tucows, the domain name registrar, for $3.75 a pop. I recall being inspired by a post from original ICANN blogger Bret Fausett, who coincidentally now works for Tucows, in which he touted the stock.

I left the US at the end of 2007 and went travelling for a while before returning to the UK.

At some point in 2009, when I tried to sell up and close the account, I was told that because I no longer had the US bank account I signed up with, I would be unable to access the funds.

So I pretty much chalked the experience down to an idiot tax and forgot all about it.

In 2010 I launched this web site.

Recently, I remembered the account and, trading platform policies having changed in the meantime, discovered I probably would be able to access the funds after all.

That $1,000 had turned into over $19,000 over the intervening 15 years, and the Tucows position had grown by almost 2,000%, a gain of over $3,700.

I’ve sold all my shares and am in the process of closing the account. After that, I won’t own any shares in any companies.

In short, I’m probably going to make a few grand by selling Tucows stock that I’ve owned for the last 15 years but which, until recently, I thought I’d lost forever.

Make of that what you will.

I’m disclosing it now not because I think I’ve had any market-moving impact on the stock over the years, but because it just seems like the kind of thing that needs to be disclosed.

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Comments (1)

  1. NetOperator Wibby says:
    May 31, 2021 at 2:58 am

    That’s awesome, kudos.

    Reply

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