Another sale event following up from the big one last week. The proceeds are not as high but what is significant about this one is that we are selling some of our ETFs. I have mentioned before that our portfolios structures are messy and uncoordinated because of inexperience and lack of clarity in our strategy. Our investment approach developed over time and although our buy transactions are more targeted now, it doesn’t change the fact that the foundations of our portfolios are weak and unwieldy. We have taken this run-up in equity markets to clean up some of the mess. Over time, there should be a clear focus on ETF investing with both of our portfolios (held mostly in banks and eventually robo-advisory firms) reflecting that.
