MUN 0.00% 4.8¢ mundo minerals limited

sinking ship, page-25

  1. 24,765 Posts.
    You're absolutely correct Brixham.

    I don't understand the investment strategy of people who stay put in a poorly performing company, with a declining share price, complaining with regularity about the company and its falling share price.

    I got out of this company and it has saved me thousands.

    In all my years of investing I have never yet been in a company that has gone bust while I have been invested in it - because I love taking losses.

    You know what I mean - I don't keep holding an investment where the company has one issue after another - I don't average down and average down and average down some more in a company that has serious issues so I can "break even" on a lower price rise.

    I get out and stay out - and nearly always watch a substantial decline in price after I've got out.
 
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