Despite the recent rate hike, the market continued to hitting new high. Since the beginning of this year, I have been reviewing my current portfolio, selling the weaker ones and taking some profit on the strong counters. After the last GFC, I felt that it is better to realise some hard profits and keep them in my pocket than to see them vaporising on paper.
Last week, I finally took the hard decision to cut loss on my Kepcorp. This was a counter which I bought at quite a high price, and when it corrected, I should have adhered to my usual cut loss of 20%, but I didnt and thus a price to pay. I have taken the decision to cut loss so that I can redeploy the capital to other counters that I am watching now.
At the same time, I have also taken profit on UMS. The …Read the full article →