RE: Araguaia Funding Deal9 Jan 2021 10:55
I kinda think back to pre online BB days, where if the average person invested in shares it was via paper n mail exchanges or from work schemes. A lot were big FTSE etc. There wasnt then the opportunities, nor perhaps the pitfall of the constant social media barrage of (To miss-quote Elvis C) "This weeks model".... So us normal people were not so tempted to chase about and chop n change weekly.
In terms of AIM I only hold a very small no of pitches. But can make a case to myself for several others almost daily. A few of which have rocketed frustratingly in the last few weeks, and by human nature I question myself... However I try and talk sense into myself also. I could sell some here, buy more there. Fiddle a bit in or out... blah blah.
It becomes a game, like gambling more not investing. I guess you have to see a limit else your a share 'oholic. Each person has thier own needs, family, bill's whatever. So all this bull about hold till the end is as myopic as the chop change every day in my eyes. Each to there own it has to be. I just try and be driven by decent fundamentals (as far as I can see them at any rate) when investing.
Plus most importantly the overriding concerns that run my life, and those I care about. Example is GGP. I held 7.7 Mill at a very low avg. But sliced as i wanted money for my kids mid 2020. If j had held more.... well who cares. Plus for this share as liked the story here and saw a sensible diversification for some profits out of a very lucky run. So ... who cares also... Of course far I am out of pocket strictly speaking as 7.7 Mill there at a recent 38.5p peak & on a mid 3p Avg... well, sure we all can do the maths if hadn't sold off 5 mill last year...So giving money away and the balance in here wouldn't I dare say impress an accountant. But so what!
Some things are more important than pure money. I intend to slice more as a priority when my kids need it. Be it GGP, HZM, ROCK ( not that there's much money in that) etc. If not under that pressure will let things ride, especially here. HZM is so interesting I want to see how it pans and so its likely my last slicer. But not so hypocritical to say I wont take some from here if I have to.
Just my open ramble on my thoughts in response to North & Bwanas inputs.
Cheers.