Any thoughts on ICGT16 Jun 2020 17:07
Having swapped my cash ISA into a stocks-and-share ISA in February 2020, I had the pleasure of watching my savings drop by 36% within a few weeks due to the corona lockdown. Being a complete novice I had no idea what to do besides hoping for a bounce while experienced traders sold up or shorted. As luck would have it, I still had 20k to top up for the new ISA year and ICGT was one of the ‘recovery stocks’ that I bought into in early April, along with airlines and pubs, that will hopefully get my savings back. This one has returned me over 20% so far, and I’d be interested in other people’s views on whether this is a good stock to hold, and whether it’s in a good position to capitalise on the predicted recession. This is my first post, and I’m almost out of the hole as we speak, just another 7% to get back to my break-even point. I did swear to sell up once I’m even but it would be nice to keep a small interest in long term holdings. I’d appreciate your thoughts