10Mon·

Realize loss or sit it out?

Hello everyone,

At the end of last year, unfortunately due to a lack of knowledge and too much trust in family members, I bought a total of €190 worth of shares in $NTMC (-1.9%) shares. Well, from the purchase price (€1.20 per share) to now (approx. €0.40 per share), it has gone down quite rapidly, as I had too little information about the share.


What do you say, should I sit it out or sell the rest of the shares and put them into my ETF savings plan next month, for example?


Thanks for your answers 👍🏼

12 Comments

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Let me guess something from Canada 🙄 What do you want to sit out? Put it in the savings plan and hook it up.
2
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Do you believe in a turnaround? If not, get out and repeat losses with growth stocks/ETFs 👍🏻
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€190 or €190K ?
1
Show answer
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Unfortunately, this is exactly the classic risk that you always have with explorers.
If they don't find anything for too long, the price plummets and finding enough raw materials in a potential mining site is like playing roulette.

Get rid of it and enjoy the pot of losses.

My golden rule for penny stocks: don't buy mining and exploration companies.
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Sell the junk, make a savings plan in an etf, msci world and or similar and then start to develop further earn more money invest more
And you're so worried about 190 euros. Sell it and that's that.
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it's a cheap lesson. worrying about so little money...
3 possibilities:
1. sit it out and reduce the buy-in in the savings plan and return to 0 in a few years' time
2. sell and switch to a better share
3. cash out and go out to eat
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Canadian penny stock = total loss
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