RE: Honesty26 Feb 2021 00:38
Lfclfc5,
I've been a bit disappointed with some of the comments recently - reminded me of Facebook after Brexit!
I also used to work in the Energy sector, in a coal fired power station. Each summer, two of the four units would have their annual maintenance, whilst the other two generated, mainly for peak demand. With more renewables, generation patterns began to change and the last two summers before I left the station was eerily quiet - no generation. Staff got excited if an unit was going to run....and there was big money to be made for keeping an unit on standby. I already had a small portfolio in an ISA, mainly household names/safe.stocks and used to read the Interactive Investor boards regularly (I think I may recognise a few of the monikers on this LSE board) . I read an article about ITM in one of the Engineering magazines at the station shortly before I took redundancy (25% of the workforce went). My firstt AIM punt was IGAS. £500 investment now worth about £10!. Got a couple of others worth diddly too. I just had a gut feeling about ITM, and invested a chunk of redundancy money. Can't remember if it was all at once, but I invested £10k averaging 40p a share. Now, as a carer for my Mum (with Parkinsons) and a small business owner (currently closed due to lockdown), I am lucky to earn that much in a year! I have sold some.of my original holding, with some going into other hydrogen stocks and other tech stocks that have had a battering recently. Covid hasn't helped my "safe" stocks either, but my ISA is still in good shape - around ten years old I think.
Those long term holders that say don't worry when it drops have so far been right, but you have to trust your instincts and do your own research (DYOR).
Good luck!