RE: Smelly Ben wrote this days ago, but now it's just a 'punt'22 Aug 2023 16:14
Kop, just as I thought, came in around 2021 by the looks of it, so new school woke investment 'term'. Still doesnt make any sense, and it would seem by Lloyd using it, she thinks GST will go to zero. LOL!.
I had to google it to be honest -
So if an investment you hold goes to zero and you lose every penny, apparently this means you're left holding a heavy bag. OK. A heavy bag of what exactly? Strange, oh well.
James Chen, CMT is an expert trader, investment adviser, and global market strategist.
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Updated September 29, 2021
Reviewed by CHARLES POTTERS
What Is a Bag Holder?
A bag holder is an informal term used to describe an investor who holds a position in a security that decreases in value until it descends into worthlessness. In most cases, the bag holder stubbornly retains their holding for an extended period, during which time the value of the investment goes to zero.
KEY TAKEAWAYS
A bag holder is slang for an investor who holds onto poorly-performing investments, hoping they will rebound when chances are that they will not.
There are psychological motivations behind bag-holding behavior: namely, investors tend to fixate on remedying losses, more than they focus on realizing gains.
Bag holders tend to lose money by being the last owners of a failing investment.