RE: Conflict impact19 Apr 2024 18:46
Betterlife.
As I have said, many times, I have been very lucky with some of my investments, and I have let things ride, but as my years has gone by, I have to face a reality that I need X Pot of money.
That is the only reason why I sold CCL, and unfortunately IAG, not because I don't believe in either, purely because I am protecting some of my money.
I still hold 10,000 CCL shares, I made 12p on IAG.
I have no idea how old you are, as we've never talked about that, but assuming you are not late 50's/60's, just wait it out.
As I have said many times, CCL, IAG, all travel will be double / treble / quadruple.
Now, we can all disagree on how long it will be, but assuming no WW3 or Covid event/s, give it 5 years and you will be laughing.
In the "olden days", you had a pension statement that was received once a year, and you looked at it and moaned how it only went up 4%, or down 6%, and then put it in the draw and life continued.
Unfortunately we've had a series of unbelievable events in a string of events. Nobody would ever believe in 2019, that everyone would be shut at home in 2020, that people would be wearing masks, that the buzzing cruise and travel industry would be on it's knee's.
The issue with CCL, IAG, and all the travel companies are purely debt, and the fact that the big boys want other stocks to go up now, that is all.
The belief that Travel will reduce because nobody has any money is rubbish. Everyone will say that they "deserve" a vacation, they are "entitled" to a vacation, assuming they actually work of course......nobody will put something off anymore.
Depending on your pot size, depending on your age, you should have a spread investment portfolio.
One thing I realised in July last year through to Monday this week was that the tortoise can beat the Hare.
CCL swings massively, that's why people "trade it", it's an emotional rollercoaster.
If you are 50 or less, just wait, ride it out, read the news but don't look at the share prices or your Pot.
That would be my two cents for you. BUT, ultimately it is your money, your future, so you have to do what you feel happy about.
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