RE: Start of the break out20 Oct 2021 08:23
Hi Mana as jayne says it really depends on what your risk levels are. I started investing many years ago and always had managed funds. Ie where the fund manager makes the investments for you based on a risk assessment. They’ve all done well but I never ever look at them until I receive a statement every year . I am sure there were times they may have been down, in fact at the start of the pandemic they most definitely were but my fund manager told me not to even look so I didn’t and I’m glad as if I had of i may have panicked and been tempted to sell. They lost 30% but over 18 months are now back to a healthy profit. I’m happy to leave those investments to grow . Trading privately is different as you tend to constantly watch the share price and can easily be panicked and may sell or indeed buy at the wrong time. I’ve done this on a few occasions and I’m holding shares that are in a loss . I know they will eventually recover but I may have to wait up to a year for this to happen, maybe longer, however I’m prepared to do this. My advice is never invest anything you aren’t prepared to see go down in value or indeed more than you are prepared to lose. Decide what profit you are happy to make , it could be as little as 10% . At the end of the day profit is profit but you only get it if you sell. Likewise with losses. Make sure you do lots of research of your own into the companies you are investing in too and don’t let others influence you on the boards as there are people that ramp and also people that deramp shares for there own gains. Everyone wants to make money but everyone’s circumstances and risk factors are different so there is no right or wrong way to do things. Good luck with your investments
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