RE: Advice13 Oct 2020 18:40
Well,
Like you, I started with AML back in April time with about £500.
I also had £2k in another stock that ended up at £4.5k.
Given that I am currently sitting on £8k, and I have continued to add, my % gain is about 50%.
I tried trading. I lost as invariably, I was behind the point to sell. That and trading apps have a huge spread and ISAs charge a fee that makes trading any less than £1k pointless. You are a lth or nothing, you can’t cover the fees.
So, I did a lot of reading in stocks that other investors that made sense (and were posting actual data behind) were discussing. If you look at the LSE home page, you’ll find it.
I don’t think spreading my amount of money thinly has any merit as you can gain a big %age but only gain a small amount of £.
So I have 8 I’m holding £500 to £2k in. As if I lose any one of them completely, it’s not so bad. But a nice gain on any of them is meaningful. £50 is £50.
They are;
AML
EML
GGP
EUA
ALBA
SYME
HZM
My plan is to sit on them now until they are meaningful and spend some time reading what is next.
All this is my experience and not financial or trading advice.
Do Your Own Research.
AML for me is a pure punt because there is only anecdotal evidence of progression to this point but I believe in the people that are building up behind this company.