RE: Scale of Rudyard28 Jun 2025 07:54
Appreciate the words of caution there choicewords, you are right of course - all eggs in one basket isn't generally a good idea and not one I'd recommend to anyone. The reason I did it is because they will be fine if it all goes wrong and the shares become worthless, but if the share price quadruples (at which point I would be selling most of them) it would give them a decent pot to do with what they wish at 18. A summer of European music festivals after A levels would be top of my daughter's list I bet, but if she didn't get a penny it wouldn't matter.
They've got safety in our steady income, our good pensions and our properties that we have built up over the years that will become theirs one day, so we and they are fortunate in that regard. And they are capable people, they'll do perfectly well in life with or without a financial catalyst. So shares for me aren't the main hope for wealth - they are a punt, a gamble if I'm honest, but I'm not betting the farm and the chance of winning at this game on this share is interesting enough to keep me at the table for now. If it comes good for them in the next 12-18 months it'll go in sensible savings I promise.
Thanks though and again, sage advice on this board. Be careful everyone, better to miss out on making money than lose a load.
GLA