RE: Good opening tomorrow?12 May 2020 14:29
Mr Messy , you speak tripe again, and you are totally contradictory. Your golden rules make me laugh and thats why I am here. An ETF is akin to buying a unit trust etc only its normally more focussed and has lower charges and can be traded but whats the point , there is none and with your jets 2 you are paying through the nose for your short ( thats if you have one at all) with $ risk plus charges from your CFD provider, when I short I try to do it in a day or a few days, the costs can rapidly mount up which can be especially frustrating for youself when its been flatlining for weeks and now appears to be oversold, if I were you I would get out now ( if you are really in that is ). The concept of spreading your risk has been pumped by fund managers for decades and why not, the idea all feeds into their storyline to get you to buy their safe investments, last time I did that was with Cazenove in the late 80s when peps started, I still have it as a benchmark but its only because I am lazy that I did not close it as even though its multi bagged I could have easily beat the performance over 30 odd years by buying something boring like SSE which over the same period has risen by a factor of 10 with dividends reinvested and no fund managers charges to hold it down . Anyone on here taking part in actually owning IAG shares or trading them is probably not as risk averse as you seem to be with your worries about the virus etc , you are probably wasting what little energy you have by telling us about your 'golden rules' of investing, so funny.