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clock Created with Sketch. 20/04/18
02:09
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Originally posted by thebeast
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I have been watching the recent activity on the AUL thread and believe it is time to come out of hiding and issue a warning to the young players. I first purchased MCO shares in 2006 and during the following six years added to my holding until June 2012 when they were suspended and I held 850,000 shares. As we all know, the shares are now worthless and my loss is in excess of $140,000. Although I was smart enough to not invest all my assets, I certainly did exceed the recommended 10% of my assets in high risk stocks. Why did I do this? The answer is greed. I listened to the ramping on Hotcopper and fell for the hype. I do not suggest that AUL will not be successful in their endeavour, and I wish all investors good luck, but I caution against the obvious ramping of this stock and the many claims of 'blue sky' and 'a Disallowed'.
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All speccie are high risk. Your experience is typical. We gain some, we lose some. Why do people still invest in speculative stocks? Because of the high reward. any past losses can be used to reduce significant tax on future gains, so effectively you only lost half of your $140k (viewed this way, losses are more palatable) it’s not the end of your investing world if you can pick a few winners. Instead of me warning you, just keep trying until you succeed
Last edited by
vmp :
20/04/18
