Poor choice investment - WWYD?

MisoSalmonForLunch · 05/02/2025 15:47

Sell it and move on. Chalk it up to experience.

Out of interest, what made you think it would do well and why do you think a PM who left office two years ago is the reason it didn’t?

Original poster

UhOhInvestments · 05/02/2025 15:51

The budget announced figures unfavourable to the industry in which this company operates. It was on the up and then immediately dropped off at the time and hasn't recovered.

OP posts:

Brainfogblue · 05/02/2025 18:03

I had a few like that - I’ve sold them and moved on some time ago .

if it was a significant proportion of your portfolio then I would limit any future punts to 1/2% of your portfolio and diversify so you aren’t just relying on one penny stock .

I’ve lost money on a few shares but equally have done well out of a few take overs too .

MudpiesinEssex · 05/02/2025 23:15

What I would do in your place now is sell, unless what you'll get from selling is so little it means nothing to you.

Picking individual stocks is gambling.

TiramisuThief · 06/02/2025 10:44

I would sell it and put the 1k into a low cost index tracker.

Agree with @MudpiesinEssex that buying individual stocks is gambling

Woollyguru · 10/02/2025 13:06

I made some bad choices in individual stocks in 2021 and lost about 25% and wasn't sure whether to hold on in the hope they went back up. In the end I sold and invested in a global tracker and have made up my losses and more.

Definitely just sell up and reinvest and chalk it down to a lesson learned.

fromdownwest · 11/02/2025 14:29

UhOhInvestments · 05/02/2025 15:46

Invested a large sum (~6k) over time in to a penny stock which I anticipated would make me some money. It was doing really well, but is now firmly in the red thanks to Lizz Truss and her mini budget. Current holdings down about ~80% and now only worth 1k. I know this was silly of me, but what would you do now?

What is the ticker of the stock
What research did you do to justify the single-share exposure
Is the long term view favourable

JohnofWessex · 11/02/2025 14:43

I suggest no point in selling it now, you have lost almost all the money.

hang on in & hope

custardpyjamas · 16/02/2025 17:50

Penny stock are not usually a good investment, extremely high risk, illiquid and easily manipulated often by the people flogging them, they get out with a good profit and the people they convinced to buy lose out. I would sell if you can and chalk it up to experience. Just an opinion not advice do your own DD but highly unlikely to suddenly turn into a winner I would say.

fromdownwest · 17/02/2025 09:41

custardpyjamas · 16/02/2025 17:50

Penny stock are not usually a good investment, extremely high risk, illiquid and easily manipulated often by the people flogging them, they get out with a good profit and the people they convinced to buy lose out. I would sell if you can and chalk it up to experience. Just an opinion not advice do your own DD but highly unlikely to suddenly turn into a winner I would say.

I have a draw full of investment certificates that have been de listed!
They were however speculative punts and only a small % of my total portfolio.
I also quite the the cgt losses right off ! 😂