Need to do some selling (HELP)
Well it has finally happened -- my portfolio has gotten too diversified. Some of my holdings are getting less attention than they deserve, and my reluctance to sell has saddled me with some stocks I'm not all that excited about any more.
I still don't like selling -- but I'm now holding 37 individual stocks, one CEF and one ETF (not to mention a few mutual funds in some retirement accounts and elsewhere). That's too many.
So I'm setting a new goal for myself -- over the next month, I'm going to sell four of these holdings to clear some mental space for the future. I should probably pare back a bit more than that, but it's in my nature to like covering a large group of companies and, for the most part, I still think my portfolio is full of promising investments ... so I'm sticking with my general reluctance to sell.
So how should I do this?
Do I pick my smallest four holdings and just offload those? That would be BBBB, CVTX, SNDA and TASR.
Or the biggest? The top of that list is BRKB, GOOG, GOL, ISRG, WFR and RYN.
Or do I pick the worst performers? That would be SNDA, TASR, CCEL, and DWA.
Or the best performers, trying to sell on strength? GOOG, AKAM, IFN, NTO, RADN, VRTX and WFR are all up more than 100% over the past year or less.
Should I sell sectors that I'm getting worried about being overvalued? That might include timber and real estate for RYN, or gold and copper for NTO, telecom equipment in RADN, semiconductor equipment and supplies in WFR and FORM, or industrial and micro lasers in RSTI. I'm also getting a little worried about the speed of advance of the Korean ETF (EWY) and the Indian market (IFN) ... but boy, it hurts to sell winners.
Or maybe I should just get rid of the stocks that I'm getting sick of seeing in my portfolio for any variety of mushy reasons. That could mean the end of TASR, SNDA, RADN, NHC or a few others.
I really don't know, not yet -- I'm trying to impose a little discipline on myself in paring back the portfolio, and will probably do so a little further in the near future to make way for new investing ideas. But I don't know how I'll do it.
So here's a chance for you to tell someone what to do -- what do you think I should sell? I'm interested in hearing any perspective.
I still don't like selling -- but I'm now holding 37 individual stocks, one CEF and one ETF (not to mention a few mutual funds in some retirement accounts and elsewhere). That's too many.
So I'm setting a new goal for myself -- over the next month, I'm going to sell four of these holdings to clear some mental space for the future. I should probably pare back a bit more than that, but it's in my nature to like covering a large group of companies and, for the most part, I still think my portfolio is full of promising investments ... so I'm sticking with my general reluctance to sell.
So how should I do this?
Do I pick my smallest four holdings and just offload those? That would be BBBB, CVTX, SNDA and TASR.
Or the biggest? The top of that list is BRKB, GOOG, GOL, ISRG, WFR and RYN.
Or do I pick the worst performers? That would be SNDA, TASR, CCEL, and DWA.
Or the best performers, trying to sell on strength? GOOG, AKAM, IFN, NTO, RADN, VRTX and WFR are all up more than 100% over the past year or less.
Should I sell sectors that I'm getting worried about being overvalued? That might include timber and real estate for RYN, or gold and copper for NTO, telecom equipment in RADN, semiconductor equipment and supplies in WFR and FORM, or industrial and micro lasers in RSTI. I'm also getting a little worried about the speed of advance of the Korean ETF (EWY) and the Indian market (IFN) ... but boy, it hurts to sell winners.
Or maybe I should just get rid of the stocks that I'm getting sick of seeing in my portfolio for any variety of mushy reasons. That could mean the end of TASR, SNDA, RADN, NHC or a few others.
I really don't know, not yet -- I'm trying to impose a little discipline on myself in paring back the portfolio, and will probably do so a little further in the near future to make way for new investing ideas. But I don't know how I'll do it.
So here's a chance for you to tell someone what to do -- what do you think I should sell? I'm interested in hearing any perspective.
Labels: sell
This article posted by One Guy @ 5/10/2006 02:38:00 PM 0 comments
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