Lessons learned14 Jan 2019 08:51
Have lost here like so many others, sold on Friday. I was nervous about today, did believe there would be bounce on reflection and seeing what happened late in the day so was pretty peeved that I didn't wait which added to my angst. But now sold, I have had some time to reflect, I am mad and angry, mostly with myself, but also with the BOD, we have been 'had' and clearly not all information was out there, certainly some dodgy stuff going on too, but we are mere pawns. So what have I learned.....?
Don't gamble, don't get caught up in the hype, stick to what you really know and understand, don't try and be clever and think you can make a quick buck. Most people on here are genuine, some are not, many know much more than I, some do not. However there are darker forces at play in all such shares and whatever we think we know and understand doesn't really matter.
I am now going to divest from a number of shares in my portfolio and stick with the larger corporations with dividends, of course there can never be guarantees about Board behaviour, but I will undoubtedly be safer in larger companies, returns will be less I know, big spikes and profits will not be likely, but neither will they behave as this one has. Dividends will be paid and I will grow my value back in time.
I never again want to feel like I did this weekend, so may be a lesson well learned, I will recover, I will get back my money somewhere else over time and I wish you all well.
I will also cease my 'addiction' to reading every post on here and get my life back, money in 'safer' hands with steady slower growth and without the constant worry and concern that investing in such businesses creates.
Good luck to everyone here in whatever you decide to do.