A Message for Novice Investors08 Apr 2021 22:42
I’ve been invested here at 88e, Sirius Minerals, Alba, Strategic Minerals and a few more since 2015 or thereabouts. I’m not a big investor by any means, in fact I am a particularly small investor and have ridden the highs and lows of all the above. Wish I had got out at Ukog when I was offered 8.25p. Wish I had got out of 88e a few years back at 4.25, grateful I didn’t make the same mistake this time. Wish I had got out of Sirius at close to 50p rather than suffer Anglo American offer of 6.5p. Hindsight is 20/20 vision. But, what I can say is I’ve learned a lot over the last 5 years. 1. I’m not going to be a millionaire this year or next investing in speculative stocks on AIM. 2. I can make money if I’m lucky to buy low and sell high but I keep my expectations in proportion. 3. Yes, I be been disappointed but also I’ve enjoyed moderate success.
So, if any amateur / novice investors are reading this, then please learn by my mistakes. Try to get out on a free carry whenever you can. Never invest more than you can afford to lose, imagine you have backed a horse in the Grand National, you are one of forty, your horse might start at 9/4 but it means nothing, too many mishaps, too many fences, too many imponderables.
I like to bet on the football and sometimes the nags and I enjoy investing in the stock market, which can be a lot of fun. However, property, or funds are the best bet for your seriously hard earned money over the long term, wrapped up in an ISA, not AIM. Yes if you have a couple of grand that you can afford to blow, then go for it. And the best of luck to you.
I have rarely posted over the years essentially because I didn’t believe I could add anything meaningful to the discussion. Yes, I could have agreed or disagreed with a previous poster, but does that add anything to the conversation? If you had the time to trawl through the share chat of the various shares mentioned then the same names come up time and time again, a lot seem to have multiple monikers. So beware, some ramp a share to the moon and back and some deramp a share to Armageddon. Just look at the posts here in the last few days and the number of posters that have come here after bailing from 88e over the weekend. This share will rise and then it will fall. When it does the posters will move on to their next target and the same process will take place again.
I expect to receive a bit of flack after posting this, but if you are reading this and I do, then it will rather prove my point!
I wish all genuine long term holders success in whichever share they invest in.