Originally Posted by
copenhagenBA
Thankyou all for your replies
im Mid 40s and have a hands on approach to managing my portfolio. Im long BA around 450 and its been painful to hold while you see stocks that perform well whatever the situation, like Amazon/Apple, so even though i’m diversified, it doesn’t pay just to sit on losses. I love BA, i wish the government personally would do more for the aviation industry. From a stock investor as well as a frequent flyer, the Union situation does muddy the stock i feel but i understand workers need looking after as best as possible in these awful times.
Ok. So I personally think you are more than okay. I thought you were approaching 65 or maybe more. Or possibly in a challenging position that meant you had to pull out.
But no, you’re fine. Hold tight. This question you’ve posed is the same question for pretty much all stocks, no one really knows but ultimately we are the bottom of the market. In 3-9 years time the market will be at its prime again. I was told there’s a recession every 9 years.
Forget Tesla, that’s a wild, one off stock, even Musk thinks it’s always overpriced. It’s risen by $1000, in 3-6 months, that is outrageous. But at the same time the quicker he hits the output targets, the quicker the price rises.
I’m a little jealous as I wish I’d brought at less than £80. It always remind me of a story when I visited a BestBuy 20 years ago and a sales guy told me about a little company called Apple who were offering an awesome integrated DVD/Computer system. Now they are a Trillion dollar company... The lesson I learnt is buy and sit.