RE: 202424 Dec 2024 11:47
First addickt...I will never filter you. We may not always agree but CONSTRUCTIVE debate and OBJECTIVE posts, either acknoledging they are an opinion or backed up by facts are what this Board should be about.
I quite understand people, especially longer term holders, feeling frustrated when nothing happens and the SP continues to drift away, but we are responsible for our own decisions and how we manage our positions.
While my average is 8.25 and my wife's 10.25, we feel just as much frustration, booting up LSE every morning at 7.00am hoping to see the blockbuster RNS...
If all the very angry destructive people on here were able to reflect and realise that Scott, Solgold and the rest are actually not to blame for the underperformance of theur shares, this Board would be quieter, more positive and more constructive.
So what I mean is this: I was a Private Client Stockbroker and the one thing I always said was: take responsibility for your own investment decisions; review your investments regularly and make a conscious decision whether to buy more, stick or sell.
Sitting watching the SP slide away is dismal...I know...I've been there. But sometimes you have to be prepared to cut your position, in order to avoid further losses or at the very least hoping to be able to buy back cheaper.
And finally, when they asked me "should I sell XYZ?" I would always answer "only if you expect the investment or cash that you will reinvest in to perform better or less bad than XYZ..."
So sometimes I simply reinvest in short term Gilts (i.e. 2025 or early 2026) to get a guaranteed return better than a bank.
So addickt, I wish you and all the good guys on here a Happy Christmas and a prosperous New Year for us all...