sage advice15 Oct 2020 17:58
As a reasonably new private investor i've been buying into stocks and sectors i understand. Point to note, this hasn't helped in any way shape or form! Greggs and JDW two shares i got into and out of at the wrong times!! if i'd held my nerve and stuck to the business values and principles i'd have done well- it's a learning experience and i see these investments as held in an ISA and kept for mid term value.
You need to be brave or lucky to make a quick return in the current climate.... i always sell too early or buy too late trying to find the respective top and bottom of the market!
i've learnt to avoid tipsters and unless you have hours to spare reviewing the various maths formulas, stick to a share that you can see a strategy for and understand its place in the wider market. I've learned that attempting to work out what will happen to the SP on a daily basis is a complete lottery so have taken the view that i hold and assume that this is essentially a sound business that in the mid term will be incredibly volatile with strategic direction challenged, oil price challenged, US elections, Brexit, Covid etc etc so trying to call the top and bottom of the SP is mildly amusing as no one has any idea in these unique times, there is no algorithm for this or experiential data set to help! ..... Good luck