RE: LTH24 Jul 2020 11:16
Was sent a Report of 'Stocks to Watch Out For' by a Company peddling CFDs (whose name escapes me) back in 2014 not long after my dear grandfather had passed away and left me some money.
(GGP was one of those stocks and at a sp at the time of only 0.42p!)
Initially put £1,000 into each of the stocks they recommended (blindly) of which all but GGP have turned out to be utter ****e!
Only bought 250,000 initially (and how much do I now wish I'd put in my £22k overall investment in one go at that time!)
Topped up along the way (between 0.54p & 1.98p - to give an average of 1.1p on a 2m holding) and sold some other shares at a massive loss to pile in on the expected NM 'buyout' (and we all know what happened there!)
After that fateful Monday was left sitting on a huge (for me) loss as well as a feeling of extreme guilt that I had just 'spunked' away most of the money that my Grandad had saved all his life to pass on to me.
Couldn't face locking in the loss, decided it was now a s h i t or bust play and
so averaged down (with borrowed money, stupid I know) but now so glad I did.
Currently looking at more money in my ISA than I have ever seen, and with much more to come.
Invested here until the end (buy-out or annual Divi) whenever that may be.
Just hope I'm still alive and young enough to enjoy it (though if not, I'm sure my nephew will!!)
GLALTHs :-)