Post #2 - MY P/L Challenge
How the mighty has fallen. $NESTLE (4707.BMS)$ sunk into its 5Y all-time-low in the past few weeks, right after I bought the stock on account of the company's strong brands, good management, good consumer understanding, and overall all-rpund capabilities worldwide. Yes, the PE is very inflated, something I should have taken caution of.
Now, I'm contemplating whether or not to cut my losses and use the money to invest in some very interesting stocks and other fin instruments I have noticed of late, which could give me faster and higher returns. To make things worse, this stock is my biggest holding in my MY portfolio, contributing to 50% of my MY stock value.
What would you do?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I'm a casual investor from Malaysia, learning, diversifying, and taking charge of my retirement funds.
22Followers
36Following
216Visitors
Follow
104260041 : Let me know if you selling, i will buy meanwhile![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
or epf will
CNNT OP : Can people trade shares privately without hassle? Your joke triggered a genuine question in me.
I bought it at 115.3 thinking it was a steal, you can imagine the pain.
Venture Eagle 104260041 : Grass brain
Venture Eagle CNNT OP : Be true this share will drop below 100 coming soon. Cut the lose if you dont want the worst come to you. All the best to you.
104260041 Venture Eagle : Ok i buy when it drop below 100
CNNT OP Venture Eagle : Ex date 3 Sept, might after that.