RE: Rns21 Oct 2020 13:57
Guitarman, this will sound like I am being down on you but it's more just being honest.
You choose to pay a lot to buy in much later in the story so with less risk to your investment. I choose to pay a little early on but with much greater risk to my investment (140 quid, literally all I could afford at the time lol, damn CFD trading that went wrong (my fault)).
And luck had nothing to do with it dude. I'm not a lucky person but I can do my research (or at least validate other peoples better research tehe) and am blessed/cursed with very high risk tolerance.
Basically due to liking physics I did some looking at Pd itself as an element which led to me making a sweet CFD trade before gold shafted me and my confidence with CFDs but a by product was I learnt about the structural physical supply deficit , difficulty of mining Pd (denser than iron but higher on the periodic table...whattt) combined with a looming increase in demand. So I threw what little I could afford at EUA at the time, while still thinking of averaging down on SXX no less. Thank god I did not...
So at this point I would not bat an eyellid at daily price fluctuations as that is not the game being played here but I understand that does not come easily for everyone, especially those who came later in the game.
So basically. I take umbridge with the luck part of your comment cos brah. I did my work for this holding even if I foolishly prioritised a low average over more shares. Lesson learnt for when you really think it is nailed on. Get in early and get in to at least a 1000 pound profit (and loss) per tenth of a penny change as it derisks if you did not from the get go. Almost did that with UFO but it kinda took off on me lol. And use an ISA! (message for anyone investing and get a "flexible" one)
Been years since I had to pay tax, got a feeling that in a few weeks time I'm going to have to pay some CGT lol but amma play the game and use SXX losses against it :)
Anyway, all the best and hopefully some time next year we can all have a proper knees up with some live music.