should I hold on to this stock? cost at $1.71 and its droppe...
should I hold on to this stock? cost at $1.71 and its dropped until so low now 😢
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powerful Otter_mwi : hold, dont buy high sell low
dydxequalszero : It’s really up to you. If you have somewhere better to grow your money after selling, then you may want to sell. If not this stock has way more upside than downside, so you may want to hold on and collect dividends in the meantime.
dydxequalszero : When it comes to share price falling, you’ll need to set a stop loss price of around 10 - 15%. So at a buy price of 1.71, you should sell at around 1.45 to 1.50. Personally, it’s a pity if you sell now cos the price is near rock bottom already. Keep and collect dividends. Even if the price doesn’t go up in 5 years (which is highly unlikely), you will make back your loss in about 5 years through dividends. But I really believe the worst times are over for REITs, once the interest rate easing cycle starts, REITs will rally. Be patient and reap the rewards.
Cheryl90 OP dydxequalszero : Thanks for your guidance !
dydxequalszero Cheryl90 OP : No problem.
Average Investor : you may average down if u confident on their fundamental…
buy-buy-buy : mine 1.9 bro