This post is triggered by this article:
Wow, the edge portfolio is selling out everything. Well, since it is a virtual portfolio, it is easy to “take profits” and press reset button.
There is also another article in the edge magazine about a fund manager hedging against a “Brexit” event.
I wonder if I should increase cash by selling some of the counters in my portfolio?
I had wanted to add a particular counter but decided to hold my fire instead.
But I wondered if I should increase cash further, especially those with high correlation with the STI.
I increase cash holding as I profit-take, but I have not really increase cash in anticipation of an event of an Brexit.
I think Brexit is scary because of the tonnes of uncertainty it will generate. I think it will definitely impact the Euro Project more than Greece. …