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Wk 14 & 15 : Taking Profit
By Invest For Yourself  •  April 17, 2021
S&P 500 rose 5.2% since the beginning of April and I took profit off the table more than I invested my capital. I sold US counters like Square, Peloton, VMWare and Pfizer whose share prices had increased quite spectacularly in the last 2 weeks. I still believe in the growth story of these companies but thought of just reducing my exposure given the opportunity. In the midst of that, I also invested and increased my holding of Plug Power, Solaredge, Virgin Galactic and initiate a new company ViacomCBS into my portfolio. Yes, they have all been linked to some troubles lately but I believe they are still ok in the longer term. They are my flag ship companies for the new industries like fuel cells, solar energy and space. I tend to accumulate them whenever their shares prices weaken. Viacom was a more speculative “bet” and I hope it would pay off....
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