RE: Big drop24 Apr 2023 13:04
Thanks. I like these sort of posts. I held shares short time, medium term and long term. I watched shares drop and hoped they would recover but never did. I lost a bundle on Cattles, Bradford and Bingley, Marconi, Woolworth and others, too painful to think about these again. Some of these were in my long term portfolio.....never recovered. After 2008 I gave it up after losing most of it again.....then got back in when savings interest rates dropped to practically nil. Now I sort of trade short to medium term....days and months sort of thing. Because of my age now, I am not in this for the long term. I am happy to make a profit that will pay for my week in Spain or wherever...(I travel a lot). I get great satisfaction sitting in a Superior room with sea view in a nice hotel and saying to my wife.....Persimmon paid for this. I did it a few weeks ago in Spain and next week I will be doing it again in France......thanks to Taylor Wimpey, Persimmon and Whitbread.
I am actually enjoying the journey more doing it like this but I do have children struggling with mortgages etc and I know that doing things another way would help them in the long run.