I'm pretty new to stock investment and I would like to seek for some advices pertaining to my current portfolio.
I've been holding these shares for about 10 months now and I don't know what should I do at this point in time - whether should I cut my loss for those stocks that are losing money now or should I wait for the stocks to bounce back when the iron-ore price recovered? I've read the news about iron ore price which most of the investors predicted that the iron ore price will not recover to its peak price until next year.
CFE - purchased at 0.145 (currently trading at 0.033)
FMG - purchased at 3.70 (currently trading at 2.29)
BHP - purchased at 31.40 (currently trading at 32.49)
Your advice and comments will be much appreciated.