Today, I liquidated about 20% of my portfolio in two stocks, for some modest profits. The two stocks are a commodities stock and a defensive construction stock. When it comes to selling off stocks, while one could possibly wait for stock prices to go higher, in today’s stock market, I believe in “making hay while the sun shines”. You may think that 20% is quite a substantial percentage of my portfolio and yes I sold this 20% stock to free up liquidity to add to my savings.
I have bought into some stocks during the year thinking that the STI and these stocks could trend up to levels which I have expected. But it turns out to be quite modest gains for STI and stocks in general. I have actually set a target for savings this year and now we are entering into a brand new year, I find that ......