RE: Breaking point28 Apr 2026 17:17
Rong,
I know it's no consolation but people are shying away from these start up penny stocks. They are played by shorters, day traders, the mm's and institutions who get discounted stock.
Anyone who thinks they are worth holding is living in cloud cuckooland. Your best put your money in FTSE 100 or S & P 500 if your looking to grow wealth.
These are worth a punt at best and constantly averaging down is only going to cause greater exposure if nothing materialises.
There are a lot of out of favour companies that are worth looking at, because they still generate healthy profits, if you buy in at the bottom and stay with them for a year or two you can recover losses from your bad investments.
I have made decent returns on BAE, Centrica and Taylor Wimpey, putting a set amount in monthly and also reinvesting the dividends, just balance them ,do not let one become the dominant share in your portfolio.