RE: Nice Day, Decent Finish26 May 2022 19:13
Me, you and a few have been sitting at huge losses.
I kept some free cash and bought all the way down. End of day we know where this should be.
You cannot sell on a loss and think you'll buy lower. The reason is no one knows where the bottom was/is. I thought 32p was it. Well I was wrong, where I know I'm not wrong is where the company is today compared to 2 or even 4 years ago.
No one could guess COVID would last that long, that inflation would go crazy (actually I was screaming about it last year) and that Russia would invade UK.
As a rule of thumbs I always try to keep 30% in cash. I am currently at 5% cash the lowest I have ever been.
I am not by far of the imagination an amazing investor and have screwed up more than once. But what I know and learned for sure is
1 keep some cash so you can buy more
2 don't chase unicorns (sell at a loss to buy somewhere as it looks more attractive then,)
3 sell if the companies fundamentals have changed not because the market is diving it.