Hi everyone. This is my first post.
I have been following the market for a few years and decided, after a some research to get involved.
For some stupid reason, I deposited my saved $20k in to a margin loan offset account with anz.
I used that money as security to buy 1500 BHP shares at $37 a few months ago.
This was the only stock I purchased.
As you guys know its now trading around $32 meaning I have lost around 10k in value.
My question is should I:
1. Sell and go to cash
2. Sell and buy other stocks
4. Buy more to lower average purchase price.
I don't need the money and am investing for the long term. I'm still saving around $500 per week.
Any advice would be great...