Huge Stock Market Losses

Can we learn from others mistakes?

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Bulletin Board Market chatter;

http://www.advfn.com/
http://www.lse.co.uk/

Wednesday 7 October 2020

Rolls Royce - needs to raise £3bn to shore up finances

 SimonGn6 Oct '20 - 23:21 - 5551 of 5556

I've got some serious thinking to do in the next couple of weeks . . . my pension is in RR. not a company pension but a SIPP I have invested myself and is currently in RR.


Taking the options would cost me £18k and I would have to put that into my SIPP to take the options, it would then be locked in so borrowing the money is not an option and I don't have £18k let alone £18k to add to my SIPP.


Hindsight is easy . . . I am where I am sitting on a paper loss of £92k


I need to see if trading my Rights is possible from my SIPP, somehow I doubt it, if not I will need to get out and take my loss, at the most opportune time that I can find.

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