toasty
Regular
I was musing this morning about FF's advice to shareholders to have a plan and stick to it. I think this is very good advice.....if you have the time and opportunity. Sometimes the timing of such a plan coming to fruition and the timing of life's changing circumstances do not coincide. I am an example of this. I have been holding patiently since 2016 but sold a small part (50,000) of my overall holding (320,000) in February to fund some renovations. Thankfully my average entry price is 12.6c and I sold the parcel at $1.65 so was able to justify the sale to myself on the basis that I had realised a very nice profit. I would rather not have sold but life had its priorities at the time.
My plan now involves the SP firstly getting to $3, at which time I will again sell a small parcel, then I will hold for however long it takes for the SP to get to $20. I will then consider selling the remaining balance....if life allows me to hold out till then. FF's post about his health (eye) scare is all too real for those of us in the autumn of our lives. I am now semi-retired and so starting to draw down on my super. If I or my other half gets very unwell the whole plan for my BRN shares (my largest single investment outside of our home) would likely have to change.
The point of this diatribe is to ask that people do not malign others for selling their shares. Instead of exhorting all and sundry to hold on tight it might be kinder to add "if you can" and bear those who feel they can't (or wish to sell some to make life more comfortable) no malice. This includes our founders...........
FWIW
My plan now involves the SP firstly getting to $3, at which time I will again sell a small parcel, then I will hold for however long it takes for the SP to get to $20. I will then consider selling the remaining balance....if life allows me to hold out till then. FF's post about his health (eye) scare is all too real for those of us in the autumn of our lives. I am now semi-retired and so starting to draw down on my super. If I or my other half gets very unwell the whole plan for my BRN shares (my largest single investment outside of our home) would likely have to change.
The point of this diatribe is to ask that people do not malign others for selling their shares. Instead of exhorting all and sundry to hold on tight it might be kinder to add "if you can" and bear those who feel they can't (or wish to sell some to make life more comfortable) no malice. This includes our founders...........
FWIW