Please help me decide on what to do with my "too many" SOL shares. I bought them before the market crashed at a high and they are still 20% down on purchase price. Do I "cut my losses" and move elsewhere or wait it out?? Please help I need advice!
Good question. SOL moved 36% up from December 2008 after the crash. It could take another year or two to recover your loss, but it will recover sometime in the future. NEVER sell and take on more risk to cover your loss - that's a classic rookie mistake. SOL underperformed the market in the last few years, but it remains a investor favourite. In the current market climate I'll keep it.
If you an investor - i would hold - one of the few large cap stocks that is currently offering value - may take a yeat before your losses are made up but i would keep a quality stock as for me the rise is just around the corner.
I am investing, no rush to sell, don't need to liquidate. My concern is whether another share may do better than this in the medium to long term. Would have to offset the 20% loss and then show growth - practically impossible I guess! My VOD shares have grown 53% - wish the portfolio % was more heavily weighted in that direction!! Thanks for all input, hugely appreciated.
The question you should ask yourself is,can I get better results with say half the money if I invest in different shares?....Do research on this,then enter those shares you might buy on a watchlist.Do remember to include Sol on the list as well....In say three months time,you should be able to make a reasonable decision on what to do.
Balance your porfolio...you state that you have too may SOL shares and I think therin lies the problem that needs fixing...maybe off-load, when i dont know, so that the portfolio is doing well even if SOL is doing -20%...if your portfolio is -20% becos SOL is -20%, then maybe increase your holding in other shares or reduce your holding in SOL....
SOL is nearly down 10 % last month, in fact SOL is down 18 % over the last FIVE years, the only people that made money on SOL is those that bought it 10 years ago and have kept it and of course the short term traders! I don't get it, why is this share so popular ? it goes nowhere !. There are better buys in the market. Dont get attached to this share.