RE: Pension Needed Soon!18 Feb 2020 07:47
LOL!
I could have written that myself.
I often wonder why we subject ourselves to the trials and tribulations of SOLG (and others) when more steady returns can be obtained at Easyjet, Next, GBG and the like.
Like many on here, I saw SOLG as a go ahead explorer, who would develop a world class prospect and within a reasonable timeframe, sell it on or develop it to the stage where a high bid would come from one of the majors. Still waiting.
My SIPP, where I invest in companies like the above, for income rather than capital growth, has grow by over 35% over the last 10 years, whilst providing a reasonable income. My ISA on the other hand, which is home to my speculative shares, SOLG, ANGS, IOG, and a myriad of other 'Great Prospects' has lost over 30% and given nothing back.
Is there a lesson there? I'm sure there is but sadly, we all hang on and hope.
This time next year Rodney...