The only problem with tapping into that $100K nest egg from many years of work is that it is no longer there as it is tied up in the stock itself
Well, yesterday my EV stock finally had a green day after what seemed like months of a downslide. It could just be a dead cat bounce and continue its slide but I guess we will see in the coming months. It was at $20 a couple of years ago, but after so many delays with production the investors got tired of it and sold the stock till the price plummeted all the way down to the 15 cent mark. I’m not sure it can go lower than that though because they are starting to build cars and the local contractor in town told me that the price is going to start shifting to the upside soon with the local business. I will just hold what I have and not buy anymore because I can’t keep losing money like this. I borrowed $5K from my new contractor brother and have to repay him at some point with this money or I will have to tap into my HVAC system repair work savings to pay him. The only problem with tapping into that $100K nest egg from many years of work is that it is no longer there as it is tied up in the stock itself. My heating supplier told me not to sell now no matter what so I will listen to him and just hold on for a few more years if that is what it takes. I could see the stock hitting the $5 mark in the next year or so and I would not be happy if I sold it now.