If you think they're so bad... Why wait and not go straight out?
•
33
•
@DerMartin I have never sold at a loss. Even if I wait years to get back to zero. I'm currently down 20%. But in the long term, everything to do with Volkswagen is just an absolute destruction of capital. Blume still thinks he can run both companies at the same time. The latest Handelsblatt and Manager Magazin story has only confirmed this view. And they can't manage to get on Ferrari's track. The Taycan and eMacan are a disaster. I didn't think the market would develop so badly. So I went straight in at the beginning. But it was a mistake, I think. That's just my personal opinion.
••
@Flexiflex I can understand everything. But they are where they are now. If you have an investment that you are more convinced of, a change makes complete sense. Just holding on to a stock because it's in the red is completely illogical.
•
22
•@DerMartin Unfortunately, I completely disagree. To recoup a 20% loss with another share, I need significantly more than a 20% gain. So far, it has never been possible not to get back to zero. It will certainly rise again if, for example, the ban on combustion engines is overturned in 2035. In the event of such a short-term increase, I'll get out. But in the long term, i.e. decades, as I have set up my office, I no longer believe in Porsche. In no German car manufacturer at all, to be honest. Ultimately, you are just the sum of your experiences. And my personal experience with this strategy has been very positive. Would you sell now with a 20% loss and then invest in a more promising share? You would need a stock that you believe will gain 30-40 %. And over what period of time? Years? I'm already hoping to get to zero in the next 6-9 months and then come out well
••
Sorry for the mistakes. I dictated.
••
@DerMartin It really is at an all-time low right now. It really goes against every fiber of my being to sell at this point in time. You definitely have to be at peace with your decisions. Otherwise you're doubly annoyed: I can't wait to see how it turns out. I'm sure we'll hear from you again 😉 In any case, I wish us both the best of luck.
•
11
•@Flexiflex You are on the wrong track and have made a mistake in your thinking. The "new value" should increase just as much as Porsche "from now on". So if you have a value that is more promising, then it is more likely to work.
•
33
•••
@DerMartin
Current value: € 128,895
Current loss: 41,403 (24.31%)
If I sell now and make 24.31% with € 128,895, that's € 31,334, not € 41,403. I would need 32% to make € 41,403. So if I really have a complete error in my thinking, I would be pleased if this could be clarified. Or is there something wrong with the calculation?
Current value: € 128,895
Current loss: 41,403 (24.31%)
If I sell now and make 24.31% with € 128,895, that's € 31,334, not € 41,403. I would need 32% to make € 41,403. So if I really have a complete error in my thinking, I would be pleased if this could be clarified. Or is there something wrong with the calculation?
••
@Flexiflex Your Porsche shares have a current value of 129k. Based on this, the Porsche share price must rise by 32% to make up for the loss of 24%.
••
@DerMartin I have less capital available to make up for the return. The negative return refers to the higher capital that I originally invested.
••