WPL buy, page-486

Good morning Maccar, I have only been in the market since March so I cannot give you advice based on years of battle worn experience.

But, for what it is worth, I am holding WPL hopefully for the long term- meaning until at least this stage of the oil cycle plays out and oil demand increases- perhaps in a few years. Once higher cost of production competitors are sorted out.

Regarding averaging down- I prefer not to. If you hold an equity that has fallen in value and you buy more- and it continues to fall- then in averaging down you may be turning a manageable loss into something that may endanger your lifestyle/portfolio balance/mental state etc.
I think it is better on many levels- if holding a loss- to research another equity- preferably in a different sector- and invest there- and preferably with money that you can afford to tie up or lose.

I hope that helps- happy for one of the old salts to contradict.

IMHO DYOR