LES­SON THREE

Finweek English Edition - - INVESTMENT -

By the time I re­alised that I had let a great profit slip away from me, I still could have sal­vaged some pride and made some cash back (even if sell­ing at break-even). In­stead I deleted the stock from my watch list and tried to for­get I owned it. If I had in­stead sold at break-even and put my R20 000 into the Satrix40 at around R10 per Sa­trix, I would now have an in­vest­ment worth some R80 000, ex­clud­ing div­i­dends re­ceived. In­stead I will shortly be re­ceiv­ing a pay­ment of R128 and fi­nally be able to close that chap­ter on my worst in­vest­ment ever.

Si­mon Brown is a Fin­week con­trib­u­tor and heads ju­s­tonelap.com, a free re­source of fi­nan­cial in­for­ma­tion and in­vest­ment ed­u­ca­tion.

* The writer holds shares in South­ern Elec­tric Com­pany.

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