I learned last year about mistakes. Bought MQG about a week before the crash, held on to it, hoping against hope that it would recover... eventually I convinced myself that property investing was dead, so I sold it at its lower point, only to watch it charge straight back up and above what i'd originally bought it for...
Reading the post above me though, i'm reminded that I bought BHP for about $36 in Aug or Sep of 2008, held on through an up then a massive down, held on, sold at about $34, figuring that was as close to 'breaking even' as i was going to get in a falling market.. then it rallied, and i ended up buying again at $36.
(I'm starting to think i should never sell anything.)
What can i say, i'm a noob.
Reading the post above me though, i'm reminded that I bought BHP for about $36 in Aug or Sep of 2008, held on through an up then a massive down, held on, sold at about $34, figuring that was as close to 'breaking even' as i was going to get in a falling market.. then it rallied, and i ended up buying again at $36.
(I'm starting to think i should never sell anything.)
What can i say, i'm a noob.