RE:I'm still here DinklemanThanks for the heads up Winston. I'll just put babedinkleman on ignore. He doesn't own this board, so not sure why he acts like he does, probably has a low self-esteem and acts out online. Anyways, I don't have time for rubbish people, so will just ignore.
I do believe growth stocks will recover soon, it's just a matter of if it recovers in time before my portfolio gets wiped out. If I can recover my riches I'll diversify into dividend stocks and real estate, can't go wrong with real diversification. I wonder if Xebec will get bought out given its extremely low valuation below book value?
Winston1 wrote: I haven't been actively posting since I have nothing much to add, but I do continue to read these boards.
To RichesToRagz, welcome! Don't be intimidated by babedinkleman, he is the arrogant, self-righteous bully of this board who's not very well liked here. He attacks all new users, but if you ignore him these boards can be a pleasant and supportive place.
With regards to your particular predicament, I'd say be optimistic because things can't get much worse for XBC. Hindsight is 20/20, so I'm sure you would have done things differently if you could go back in time, but I believe small caps are on the mend, and that there's a very good chance you'll recover a good chunk of your losses within 6-12 months.
When you do recover your losses, diversify into real estate to create an additional income stream. Buy a 1 bedroom condo or two and rent them out. Also buy reliable blue chip stocks that pay dividends, you can't go wrong with Canadian banks.
All the best to you!