RE: Lessons6 Oct 2024 10:45
JC and Bebeto
Hi guys, great discussion thank you. Had to look up HNW . Learning all the time. I completely understand Bebeto’s points about offsetting capital gains and selling in order to release funds for other investments. I have recently sold some holdings at a loss in order to invest in other companies which have attracted my attention. Not always sensible as I seem to have a tendency of buying high (caught by pumping??) And then getting stuck. getting better I think but having to pause for a moment and take stock (no pun intended).
When I finally found a broker with whom I could open an account (resident in Europe but wanting to trade in pounds without continually going through currency conversions) I was so enthusiastic that I tended to throw all available funds at whatever stock I was about to buy. GCAT was one of those and currently accounts for about 11% of my portfolio and has a 36% loss. When it is available for trading again, I will sell some and keep some. As usual, I would like funds for other investments but I do admire Robbie‘s efforts even if he hasn’t always got things right and will be interested to see how it goes.
GLA NTTL