RE:The cost that's lost
Toppert1 wrote: While people here lament their losses, the vast majority here don't even consider the additional very real cost that is their opportunity cost.
A very terse explanation of opportunity cost is: "the value of the best alternative that is given up when a choice is made."
I'll give an example.
If someone had invested $10,000 in an S&P ETF three years ago this day, it would be worth $12,316 now.
Someone who invested $10,000 in Pyrogenesis three years ago has $1,337 left.
Even the staid old boring Royal Bany of Canada would be worth $12,932 today, and would have paid about $1450 in dividends over the period as well.
Sell this pig.
It's going down.
Thanks for your post Topper
Yhis is a point that hasn't been made yet, yet is critical.
There are people here saying if you bought at the 3 year low in the last year you would be up over 100%
That isn't true anymore, and is totally unrealistiic, and be said of many stocks
PYR has been a dud and your point helps many realize there is better uses for new capital