Although many here on this board are in situations of difficulty holding on to their homes and jobs etc., I'm posting this little story to highlight the difficulty I'm having trying to live with a financial mistake of the past.
In 2007 I had some spare cash and I had a mortgage sanctioned. I got the nerve to buy 25,000
Ryanair shares at approx €5 each: €125,000. The crash came and we all know the carnage that it brought. I saw my investment drop to about 65k at one stage (shares fell to €2.50). I was panicking but could afford to hold. As time went on, things clawed back slowly, very slowly.
I had got such a fright at the loss of 50% that I started selling the shares. I think that I sold my last batch of 5k at about 5.5. I took an overall loss of about 30k.... not the end of the world.
I'm a small time self employed plumber with an interest in shares, not a big time investor.
The killer for me now is that I believed in the ryanair story then, as now, but didn't believe in myself. I could have afforded to hold onto those shares. I now look and see that the original investment would be worth over €500,000 (including the dividends paid) and it kills me at times.
I know people will say 'no point in crying over spilled milk', 'get over it' 'you never had it in the first place' etc., but it is gut wrenching at times.
I'm just wondering has anybody here had a similar experience and living with regret?
That is sad Gordon. Was it used to buy shares?
My parents loaned €250k to their close friends. Fast forward to now and both the €250k and the friendship are gone. Sad.
My parents loaned €250k to their close friends. Fast forward to now and both the €250k and the friendship are gone. Sad.
Thanks all for your responses. It would be easier to deal with it if Ryanair remained at the price they are at now, but they are growing like gangbusters and I know it will be a 1 million euro regret one day. I was in holidays recently in Italy, an hour outside of Rome. Every 15 minutes I'd look up to see a Ryanair Jet landing. I can't get away from it.
The killer for me now is that I believed in the ryanair story then, as now, but didn't believe in myself. I could have afforded to hold onto those shares.
Thanks all for your responses. It would be easier to deal with it if Ryanair remained at the price they are at now, but they are growing like gangbusters and I know it will be a 1 million euro regret one day. I was in holidays recently in Italy, an hour outside of Rome. Every 15 minutes I'd look up to see a Ryanair Jet landing. I can't get away from it.
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