$2 By Friday, page-261

Hey mate, saw something about a $16,000 loss - word of advice from someone who has been there done that.

I invested in the NCL IPO back in 2015, paid 20c a share.... didn't take any profits on the day of the IPO, thought I would long term hold. Over my 5 years of ownership, it dipped down to as low as 2c.

My friends were telling me about sunk cost fallacy, and the reality is I could've taken the loss and made smarter decisions and made the money back with other investments.

I decided to stick it out, but I had to hold it for over 5 years - recently it got up as high as 40c. I sold half my holding at 18c, and the other half at 39c. Made money over the 5 year period, however I would have made even more had I sold earlier and tried to adopt better investing strategies.

There is no right or wrong, you just have to be prepared to be patient.