RE: Short cover spike12 Apr 2019 13:00
Arguing percentages is meaningless as it depends where in your investment life you are.
Two people might both think that 25,000 shares at 20p is a great investment. The fact that one person is 25 and has a portfolio value of Β£10,000 and the other is 50 with a portfolio value of Β£100,000.
True if it gets wiped out the younger person loses 50% while the older loses 5%, however the young person has a damn sight longer investing in the future to make it back
As an example at one point my pension was 60% SXX, however i bought to the number of shares i wanted, and have since bought elsewhere. Its now down to about 30% (subject to sp moves of course)
The other thing is that the percentage of portfolio it currently makes up will be considerably less than the portfolio percentage if / when ST2 is confirmed