Q: Hello 5i,
Please post only if you feel this might be beneficial or appropriate.
This is for Dave, who, I hope, gets to read it. I have been with 5i for several years now and find them not only invaluable for my portfolio structuring, but interesting, informative and often even humourous. The members and the Q&A are a huge benefit to me. But now, speaking to Dave's specific concerns: I have had the identical situation happen to me as well with some companies. But, the reverse has been equally true. One of the things I have noticed over time is that time is the crucial element. You must have patience - without it, you will be up the proverbial creek. Sometimes good things happen to bad companies and bad things to good companies and the market reacts, perhaps out of proportion. CGX is a case in point at this time; however either positive returns from their diversification efforts and/or a strong Fall or Christmas movie slate or even an acquisition can change that on a dime. More than once I have a chosen to sell a 5i - recommended stock for a particular reason while it was down, only to see it spiral up to new highs within weeks of my selling it. More patience on my part could have vastly enhanced my profit margin, but the fault is wholly mine, not 5i's because the stock tanked at one point for some reason.
I don't know if this has helped, hindered or confused, but I hope that Dave will take heart from my lessons and give 5i a bit of a break and perhaps consider why he is buying any one stock that 5i is recommending and give more weight to the time-frame for holding an equity.
I apologize if this isn't a particularly clear or cohesive post, and for the length, but I really felt compelled to let Dave know that he isn't alone, but also, that being really clear about what you are buying, why you are buying it and how long you can really afford to keep it if/when it does take a downturn are our (5i members') responsibility, not 5i's.
So, Dave, please give 5i another look within the context of the above and you might see more positive than negative.
Wishing you all the best!
Cheers,
Mike
Please post only if you feel this might be beneficial or appropriate.
This is for Dave, who, I hope, gets to read it. I have been with 5i for several years now and find them not only invaluable for my portfolio structuring, but interesting, informative and often even humourous. The members and the Q&A are a huge benefit to me. But now, speaking to Dave's specific concerns: I have had the identical situation happen to me as well with some companies. But, the reverse has been equally true. One of the things I have noticed over time is that time is the crucial element. You must have patience - without it, you will be up the proverbial creek. Sometimes good things happen to bad companies and bad things to good companies and the market reacts, perhaps out of proportion. CGX is a case in point at this time; however either positive returns from their diversification efforts and/or a strong Fall or Christmas movie slate or even an acquisition can change that on a dime. More than once I have a chosen to sell a 5i - recommended stock for a particular reason while it was down, only to see it spiral up to new highs within weeks of my selling it. More patience on my part could have vastly enhanced my profit margin, but the fault is wholly mine, not 5i's because the stock tanked at one point for some reason.
I don't know if this has helped, hindered or confused, but I hope that Dave will take heart from my lessons and give 5i a bit of a break and perhaps consider why he is buying any one stock that 5i is recommending and give more weight to the time-frame for holding an equity.
I apologize if this isn't a particularly clear or cohesive post, and for the length, but I really felt compelled to let Dave know that he isn't alone, but also, that being really clear about what you are buying, why you are buying it and how long you can really afford to keep it if/when it does take a downturn are our (5i members') responsibility, not 5i's.
So, Dave, please give 5i another look within the context of the above and you might see more positive than negative.
Wishing you all the best!
Cheers,
Mike
