I've bought 76 RPSG Ventures shares at Rs.1152 two weeks ago hoping the price would rise since the price kept increasing rapidly over the past few days… but suddenly the market price started going down…I waited and thought it was temporary but boom the price keeps going down! Now it's currently at Rs.839 and I've incurred over Rs.23k loss!!
What to do guys? Any experts here…can you please let me know if the price will rise again? If I sell now I'll lose 23k and if I hold I'm afraid it'll only keep decreasing
Posted by _ManwithaMask_
5 Comments
Was this in a taxable account, or a tax advantaged account?
No one knows if the shares will hold steady, skyrocket up to new highs, or continue to plummet until the company goes out of business. You only realize your losses if you sell your current shares or if the company goes out of business and the shares are liquified.
Sometimes a company will lose market value and it won’t recover for 20 years.
> can you please let me know if the price will rise again?
How could anyone possibly know the answer to this?
Investing comes with risk, including the possibility of loss.
ok, first of all i know this is hard, but let this be a lesson on FOMO. This loss stings, but its not lifechanging. I belive in you, but be careful.
It’s an expensive but important lesson to learn – always know what your exit plan is.
First of all usually investment horizons are measured in years typically
Secondly past performance does not equal future results
Thirdly buying individual stocks is always more risky than broad indexes (which are good for beginners
All in all a (relatively) cheap lesson. Your next decision should be either to sell and take the loss or hope for a rebound(unlikely imo). I should note that the indian stock market is famously manipulated (read up on what jane street did) and due to
that should you choose to invest in your home country a broad market ETF would be the best. Never go along with momentum.