1) Cash Quota
I have previously written about increasing my cash quota. (read here)
I have not been very successful (have bought some Colex shares instead). However, I have recently sold some Super Group shares to raise some cash (only 1/10 of my current Super Group holdings). My net wealth in cash stands at a pathetic 6.2%.
I haven’t sold any shares since 2011.This is the first time I sold any (no doubt it is only a small amount). I don’t like to sell my complete holding of the shares of companies unless their fundamentals deteriorates drastically (or selling any shares for that matter). Having said that, I do not think Super Group’s fundamentals have deteriorated.
I have sold some shares of Super Group as I felt that the current valuation is a bit high. The current P/E ratio is 24.25 (if you compare the historical ......