In the meantime it could be in a term deposit earning 3.5% p.a., not even sufficient to protect against inflation. Even if the price went up 2x from a 40 or 50c entry that would be far superior to the alternatives. Obviously you could invest in a risky asset like a stock, but just like IMU that could go up or down (and considering how far IMU has fallen, seems like the probabilities are pointing to the upside here).
If people sold whenever they were "underwater," no one would ever make those large 10x returns. Can't just sell because the price goes down, that's a ridiculous strategy.
The real sacrifice would be to sell a stock at rock bottom prices after it has fallen significantly. Holding is not a sacrifice
Why IMU is a multi multi bagger, page-14557
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Last
5.7¢ |
Change
0.001(1.79%) |
Mkt cap ! $418.9M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.7¢ | 5.4¢ | $461.9K | 8.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1082545 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 603058 | 6 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |