I like to think it out this way. When the price got to $2 plus, did i sell? No. Why? Because I believe the long term gains will be far higher.
So if the price was $2 plus now would I sell? No. So what I had when the the price was $2 plus is precisely what I have now. A portfolio of BRN shares that will change my life in the future. Exactly nothing has changed except my stress levels.
Newk R said, " Exactly nothing has changed except my stress levels." Indeed.
I have made a personal strategic investment decision with respect to Brainchip.
It is a strategy born out of frustration with the way things are going in the world today and the shrinking Brainchip stock price this year.
There is NOTHING that a worried and frustrated me can do about macroeconomic events, business cycles, wars and conflicts, politics and the damned threats to democracy in the USA that some media endlessly bombard a poor consumer of news and current events with today.
There is nothing I can do but fret and stress like Newk R above. Oh, wait, I can vote in the upcoming U.S.midterm election and I already did, ….by mail-in ballet. So I vote and I feel a bit better for a few moments for doing my civic duty. Then I look at stock prices, or breaking world news and fall back again into my funk.
Fretting about things you can’t control isn’t healthy. Taking charge of things you can control is and makes much more sense.
But what of my relationship with Brainchip stock and its declining price of late? Or, what about my reasons for buying the stock originally and adding to it to reach my current full position? I constantly wonder if anything has changed my investment thesis? No, ….I answer emphatically and that is me being a rational investor which I intended to be when I began buying into this technology story and specifically, this stock.
Is there nothing I can do about the falling stock price of BRN? I could, I suppose, buy more stock, but I can’t do that because I have a full position.
I can sell some or all my shares but I won’t because the original thesis upon which I invested has not changed and passing time has convinced me even more that the A.I. story involving edge computing is real, is happening and Brainchip appears to be a viable contender in this area. The story is getting more exciting, not less.
But buying more shares or selling shares isn’t for me.
I was not a young man when I bought my Brainchip shares. I am getting older and Brainchip stock price has been declining. These two different directions are very concerning. This could be detrimental to my health if I constantly stressed and worried about it.
It could also be detrimental to domestic tranquility if it (a falling stock price) creates a schism in my marriage because what spouse handles a falling stock price well, especially if that stock was one recommended by and bought by one spouse (me, in this example)? It is very difficult to explain to people and perhaps wives (or husbands) with conservative risk tolerance profiles why time in the market for small stocks in new technologies is so important and why one must ignore day to day prices, or ugly charts. There is no easy explanation that will pacify skeptics who are terrified of losing money in the market and are unable to imagine a brighter future when stock prices and the world are falling or seemingly falling apart around them, respectively.
So what is my new personal Brainchip investment strategy that I have recently embraced?
I have decided to invest more in myself rather than buying more shares in BRN. That is my new Brainchip strategy. I am making some positive lifestyle changes that will help ensure that I will not only be around to see the financial rewards from ownership of Brainchip stock but that I will be hearty and hale enough to actually enjoy the rewards when they flow to me.
I have begun to seriously exercise,...well, seriously for an older person, and am already seeing the benefits of this in healthy weight loss, increased vitality and my energy level. Just those three things alone have improved my mood.
I am trying to meditate consistently and do other stress relieving activities such as NOT reading the gory details of every bad day in the stock market. I have reduced my consumption of day to day national and international news, which is rarely “feel good news”, and usually results in me getting angry with some “other side's point of view”.
These and some other lifestyle modifications (i.e. diet) are helping my attitudes, my overall health and my outlook.
Life is short as is frequently said, and I am here to tell you, it looks REALLY short from my perspective. So I am working to improve my odds of living healthy longer from my recent investment in my own health and longevity. Why?
I am anticipating and planning that in a few years my financial net worth situation should be dramatically higher than today because of my investment in Brainchip. I want to not just be around (then), but to be hale and hearty enough to enjoy the fruits and rewards of my appreciated investment for my remaining years before I give the leftovers to my family members.
My spouse has little appetite for understanding the details involved in the Brainchip story or my explanations why she needn’t worry about the current stock price. If it was her decision she never would have bought any in the firts place, and would likely sell our shares into a falling market today if it was her choice alone to make. Unlike me, she has no tolerance for a high risk / high reward story like Brainchip.
But now she sees my own investment in myself happening and my excitement about the future because we own Brainchip. My investment in me now has her excited, too, because she is there to see me doing it. She has actually become excited because I am modifying my lifestyle in order to enjoy the future rewards I expect to have someday from owning Brainchip. Now THAT she gets. Interesting how that worked.
Our long term strategies with Brainchip are probably all different and mine has recently been amended to account for my age and my own well being and nothing to do with selling Brainchip or buying more of it at these low prices. Like many of you I have been buying more shares, too, but instead of buying more BRN shares I’m buying more shares of stock in myself while I wait for the Brainchip story to grow and blossom.
Best of luck to us all....
Regards, dippY
My opinion only. Please do your own introspection and research.