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Anonymous

22 Apr 2020

∙

Virgin Australia has collapsed now due to COVID-19. I have shares in Virgin Australia, what does this mean for my shares now that it has collapsed?

Have I lost all my money? Can I retrieve it?

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Frankie Rappaport

22 Apr 2020

The deeper meaning is, that retail investors as even finance managers, cannot predict the future. I hope You have not lost a huge sum.

What you profit now very much from is, that You gained a lot of experience for the future.

If You consider stock market investing never buy single stocks, You need a good diversification around asset classes, countries, sectors.

It's all written here and the paradox is, there is always risk, but a sound strategy can be extremely simple:

https://seedly.sg/questions/what-is-your-genera...

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Colin Lim

21 Apr 2020

Financial Services Consultant at Colin Lim

You might lose all depending on the company... They will payout to their main creditors first before small shareholders... Normally small shareholders... Can forget about claiming..honestly

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Elijah Lee

21 Apr 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon, It's quite unlikely that you'll get anything as the shares have been frozen; you couldn't s...

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