When you read stories about people who have been helped by SGH you realise SGH need to be here.
Where else could these people have gone?
It is not like society in AUS and UK are putting out the red runner for people hit by accident caused by others is it?
Lawyers have a place. They help financially weak people stand up against the giants.
How could a single mother or unemployed stand up against an ex partner, negligent hospital or large corporation if not for a strong skillful lawyer looking after their best interest (like we all know SGH do).
Slater and Gordon has a history of helping the weak and poor.
I want them continue to do that for another 80 years.
I am a proud share holder of Slater and Gordon and I will not sell.
A paper loss is just that a paper loss.
A capital gain/loss need an actual purchase and actual sale to be a realised capital gain/loss.
That is if you bought an SGH share for $3.00 and the share price goes down to $0.18 but you don't actual sell there is no capital loss. It is first when you sell at the $0.18 you have a realised capital loss.
On the other hand if you stick it out and the share price comes back to for example $8+ which is was less than two years ago and then you sell you have a realised capital gain of $5+.
I am sure we all know this but still good to remember that the only important events holding shares is the actual purchase price and the actual sale price
Needless to say.
My SGH share stays with me
Time is my friend. Success will come.
SGH Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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