Sold everything at 90% loss today.
Lessons learned:
- if it gets bad, it can always get worse. And, in fact, it will.
- never trust directors to not be completely irresponsible with your hard earned money. Many are gamblers and liars.
- ASX continuous disclosure obligations are an absolute joke.
- paper losses are actual losses. Take your bags and move on while you can. Don’t cling on it. Plenty of good opportunities elsewhere.
index investing is not that bad, after all.
See you all at the class action.
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