Flex K. · 2024-08-09T14:06:00.599027Z

$P911 completely sell as soon as it reaches 0. Get rid of the garbage.

11Mon

If you think they're so bad... Why wait and not go straight out?

•

2

•

Flex K.@Flexiflex

11Mon

@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.

••

DerMartin@DerMartin

11Mon

@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.

•

2

•

Flex K.@Flexiflex

11Mon

@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

••

Flex K.@Flexiflex

11Mon

Sorry for the mistakes. I dictated.

••

Flex K.@Flexiflex

11Mon

@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.

•

1

•

DerMartin@DerMartin

11Mon

@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.

•

3

•

DerMartin@DerMartin

11Mon

@Flexiflex 🍀

••

Flex K.@Flexiflex

11Mon

@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?

••

DerMartin@DerMartin

11Mon

@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%.

••

Flex K.@Flexiflex

11Mon

@DerMartin I have less capital available to make up for the return. The negative return refers to the higher capital that I originally invested.

••

View all 6 further answers

Ronald@AlterMann

11Mon

You've been waiting for this for a year now... 😂😂

•

1

•

Flex K.@Flexiflex

11Mon

@AlterMann Yes, that's right. It keeps going downhill. I keep thinking to myself that it can't go any lower. But selling at rock bottom really goes against my every instinct. It's funny that I'm really alone in thinking that. Maybe I really need to rethink it, but if you don't listen to your feelings, you're twice as annoyed when something goes wrong.

••

MacII@MacII

11Mon

@Flexiflex I'm right there with you. (And only joined in May, although I'm a bit older) Of course it sounds logical that you should sell them at a loss to be able to generate new profits with the rest, I can maybe do that with penny stocks, but not with $P911. I'll wait and when I inherit them 😂

••

Dividendensammler@DividendensammIer

11Mon

What was your reason for buying?

••

Kai@Dividenden-Sammler

11Mon

Somehow I have the feeling that I've often heard from you what garbage it is. I'm just wondering why you bought it then, or how long you've kept it until now that your opinion has changed so much - I guess it was anything but garbage when you bought it.

••

Sim42@Sim42

11Mon

It's your own fault, if you make an investment and come to the conclusion after a year that the holding is "garbage", you probably haven't given a second thought to why you bought it in the first place

••

Flex K.@Flexiflex

11Mon

@Sim42 It's your own fault, of course. You're a real Einstein. That's right. Didn't think about it and bought shit. Next time I'll do better and not buy the crap.

••

DerMartin@DerMartin

10Mon

@Sim42 It's not about the holding company.

••

Divi-Live@Squoschy

9Mon

are you out yet :D?

••