RE: More Positive Air Travel News11 Dec 2023 12:03
I did everything in my portfolio that was wrong according to any financial adviser.
I'm retired and I was 100% in Rolls-Royce, 398873 at an average of 89.77p.
I did feel completely exposed but had complete faith in yhis investment.
Well, after the lift at the of August 23, I felt Rolls-Royce wouldn't move again until the capital day at the end of November.
Looking around the market, I noticed Easyjet had dropped a lot, even after superb results.
I thought diversification, but also greed!.
I thought Easyjet would rise quicker from £4.50, to £6, quicker than Rolls-Royce would go from £1.80 to £2.50.
So i spotted what I thought was a quick trade before capital day.
I sold £50k at £1.80
I sold £50k at £1.83
I sold £100k at £2.11.
Bought same amounts in Easyjet at £4.48, £4.34 and £3.74.
I now hold 281000 Rolls-Royce, obviously still averaging 0.8977p and 49076 Easyjet at £4.07p.
Sure, I'm up on the Easyjet trades by about £35k so I shouldn't really complain.
However, if I'd done nothing and simply remained in Rolls-Royce, I'd be a lot more up.
2 consolations
1/, I genuinely believe Easyjet will move very quickly next year
2/ Buffet has 48% of his portfolio in Apple but he only bought a few years ago, he regrets not buying his holding 12 years ago, which has cost him BILLIONS in lost profit.
So even the best make wrong decisions.
Ah well, my 281000 is still making me happy.
At Nettles £7 February 25, I'll still be smiling!