RE:RE:RE:RE:$ 3.81 Look on the bright side Timebuilder. If this gets to $10, nobody will care whether or not you paid $3.60 or $3.
In the short term, everyone cares :)
I like to look at it this way:
The stock reaches $10 in 3 years time.
3 year cagr equates to 49.3% on a $3 average cost base.
3 year cagr equates to 40.5% on a $3.60 average cost base.
In other words, your annual compounded growth rate only improved by 10 % points depending on if you paid $3 or $3.60.
Watch what happens when you extend the duration to 5 years.
The stock reaches $10 in 5 years time.
5 year cagr on a $3 average cost base is 27.22%
5 year cagr on a $3.60 average cost base is 22.67%
Your annual returns only improved by ~ 4.5 % points if the hold to maturity is longer.