UPDATE It has been almost a year.
Hindsight is 20:20. I should of just cashed out last year
at this time and I would be better off.
We all know Oil has taken a terrible hit this past year. In January 2016 my Oil stocks were at half of what they were in May 2015.
Today they have climbed back up to about 2/3. My "plan" with them was always buy and hold. That is what I am still doing. They are both currently at BookValue and I am tempted to sell a bit. No loss, no gain.
However, all new investments have been put into other more balanced funds, VAB and VXC.
Last year my portfolio was
86% 2 Oil stocks 14% other (mostly cash)
Today my portfolio is
40% 2 Oil stocks 60% other (mostly Vanguard)
They are still not at the point where I consider them "fun" money. Less than 10% would be ideal.
My total portfolio has grown by about 40%, no thanks to the market, but just due to aggressive savings.
I guess you could say this is the advise I most followed:
Assuming you are still working and that you do not have tens of thousands in accumulated capital gains losses on your tax return, I would not sell these investments. The taxes would not be worth it. They still have gone up 400% for you and could be considered a great (but obviously high risk) investment. Just begin to diversify your holdings and take advantage of your registered accounts from now on. If you've got a DRIP on stock A, consider killing the DRIP and using that money in your TFSA / RRSP.
You may have to hold on to these stocks until retirement, saving them for your first stocks to go at that time. The good thing is at $80k they will be worth 10% or less of your portfolio by that time.
I am not at all mad they lost so much, I am in this for the long term and hope they are soon a small part of my portfolio.