Today I cut my loss in Croesus Retail Trust at 91.5c when it broke below the IPO price of 93c. You can see that even for positions which i acquire for long term and for passive income, there is a "cut loss" point as capital preservation has always been my priority.
I take this opportunity to explain to you why my IPO chilli ratings are for 'short term' indication only. If you have sold on the first day at $1.14, it is a 22% return and a 3 Chilli for sure. After 1 week, it drops to a 2 Chilli and after one month it became 1 Chilli. Today, it became chopped chilli....
I am not sure when Croesus will recover again but probably i will avoid it for now.
I spent the long holidays thinking how i should "refocus" on my SRS portfolio. I intend to:
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