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Hello Crazy share shifters,
There is a greater need than ever, I think, to spread my money around as many companies as I can safely keep track of.
Actually, I already have more investments than I can monitor properly. But maybe I should still cut down on the bigger punts and spread the resulting cash around a bit more.
Yes, I've already lost a bit of a fortune on Northern Rock (NRK). I'm still not selling because I'm probably one of the few share shifters who think they've been oversold.
I have some big investments in other household names. If one of these landed in the same dock as the Rock, then I would be seriously miffed. So it would be safer to cash some of these shares in (not all of them) and buy some other firms, perhaps in the same neck of the woods.
But it's very hard to sell shares which have done well for me. And the reason I have quite disproportionately high stakes in a few businesses is because the stake has grown from a fairly modest investment in the first place.
Never mind, the markets are a bit shaky at the moment, and it's wiser to be safe (ish) than sorry.
One of the most common sayings in Crazyland is 'Don't put all your eggs in one basket'. The trouble is that if you've been half successful in this wonderful game, your small stakes can become big stakes.
This happened to me in Northern Rock. I saw shares bought at £4 or £5 rise to £12. And look at them now! I should have culled the holding earlier on - but I didn't. And how many times have I failed to sell when I should have done? Millions. I must do better in future.
But then again we all say that don't we? Rocking on!
To find out more about Malcolm CLICK HERE
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