RE: a different venue for our hols...26 Jul 2018 20:46
Applegarth, most investors would agree that its best to merely use mid sized amounts on the AIM ...unless you have sure thing insider informations.
Noone should expose himself to a life threatening situation like this.
I take it you are no some 25-35 y.o. boy, right? If so, then IMHO the exposure to shares should sink with every year of life.
Look at Range Resources and their 0.12p price today. I remember the big hype around RRL a few years ago. Someone just wrote he turned 60k into 2k at RRL, within a few years.
No worries if each week you have always new resources, like our DJ.
But if you are a normal employee at the limit of his employment at 59+, then one should strongly derisk.
You dont want to turn 65 and find out that your 500k has melted down to 5k, do you? How many suspended shares did you say you hold? Two, was it? How many more? How many of them will never awake again?
This is the sort of gamble you can do when your 35. But I will avoid this at 55 or 65.
The situation you mentioned hould never come up! It has the potential of ruining peoples lives. Noone should risk that.
Funny, that no computer software matches the human ability to buy during a rise (go all in), and sell at the lowest point in chart history.
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"...wife is keen for me to sell N4P before we lose anymore, "Then" she said, "I want to go somewhere different for a change"
Few normal PIs can stomach 50 or 70% losses with a substantial holding, and noone should ever expose himself or his loved ones to smthg like this.
Good old british investor rule, to never fall in love with a share.
Yes, n4p was wonderfully at 30p for a moment, its a nice gain, but still this is not the center of the universe - or your private universe.
My apologyies for the essay!!