The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It's not about numbers, it's about percentages. And about preserving and so being able to use gains. Growth can be exponential. Really get the concept of exponential into your head. It's vitally important in this game.
Linear growth vs exponential. As you move up the curve, you can afford to reduce risk.
I think you've put your 7k in a good place. Let's say you triple it here (could be a lot more). You'd be lucky to find as hot a share as this one. So reduce your ambitions and aim to double every six months. (remember that exponential thing). Rome wasn't built in a day. If in five years time you're saying 'I only put 70k in', that will be because you benefited from exponential growth. But you have to choose the right stocks for that to happen.
You sound a sufficiently cautious gambler to do well. But tread carefully and good luck. Be careful. If the timing is right, and you extract a wedge from here, you might look at some EV metals mining stocks like EMH. But no recommendation being made here. Won't multibag like Tern probably will, but if you're investing the kind if sum that you may be able to extract, safer options with fewer bags become attractive. It's ok to make 200k from a 100k punt. What would that have taken with a 10k punt? And if it's safer...
Which is why putting all your money into one stock is very foolish.
In fact, if truth be told, if I hadn't inherited some money that enabled me to recover, 'being good with danger' would have been the end of me. Always have a plan B.
I crap myself. But I've taken risks all my life. Take a punt on the big possibility rather than the comfortable one. Even though I live a quiet and solitary life now and if I'm honest, most of those punts haven't paid off. If life can be described as a sine wave of varying pitch, mine has reached higher highs and lower lows than most. Being 'good with danger' translates simply into being ok with a gamble. The answer is, yes I incline that way, in a calculated way, but it's driven me right to edge on a few occasions, and on reflection, probably isn't the best attitude to have. I did give up paragliding when my first son was born though.....
Tern's not the only share I've been spiked on. It wasn't Tern's fault. It's the AIM sheeple and rainbow chasers. What's happening now tough is, in my opinion, much more solid. And real.
I myself at the time watched her gain rapid momentum on late afternoon, and I mean rapid on the leader board and simply pulled the trigger, a handful of ammo, watched her go ballistic, even the directors had to issue r n s’s warning folk things were out of control, massively over valued....it’s history, I sold too early. I know fortunes were made and some lost a little dough.
macali, no one knows if there'll be dividends or share buy backs or what will happen. But no, if it's divis, you don't have to have held for a year. (are you sure you should be investing in AIM stocks? Its a dangerous market)
It has done. And any share can hurt. But Tern was as much a startup as it's investees. And while I haven't always held this opinion, it may turn out that AS has played a bit of a blinder keeping things going whilst simultaneously holding onto such large percentages of investees. Which is largely what it's all about. It's been a hard few years, but it would seem that things are now finally coming to a head and bearing fruit.
Like they say, all’s fair in love and war......I glimpsed a comment on Friday early evening....someone reminding me this baby can also hurt.
You’re so wrong imho, those who have been in for more than 6 years like myself have been waiting for this moment. Last weeks Biden executive order is the green light for wealth creation.
Waiting for the dividends in pounds in due course. Once in a lifetime opportunity right here imho.
Dyor etc etc
Humbo, I first bought in here I think in 2014, then sold out. Bought back in again in 2016, and for a long while it was my largest holding. But it didn't happen. I got trapped. Being an amateur fool. Like most of my investments, I was right, but 4 years too early. Maybe I should make a living as one of those futurist writers. At one point I was 80k down for a long time, and I had to sell two thirds of my holding just to survive- I used to own over 2 mill shares (nothing else was performing either, for the same reasons). Now, everything is taking off. Including Tern. I've already recovered my losses. I'm not going to make anything like what I originally hoped, but c'est la vie. I'm still going to make enough to be safe and comfortable. For the rest of my life. I can't ask for more than that. And if the wilder predictions are even vaguely accurate, I'll be very comfortable.
But no, I'm not hovering over the sell button.
How many got hurt and have been holding for 3 odd years to now hopefully get out.....Hovering over the sell button.