Last month, I did in a couple days something which I’ve never ever done before since I started on my investing journey: I sold some shares!
When I first began investing I wanted as much as possible to follow the age-old mantra of ‘my holding period is forever’. It’s been about 8 years since I bought my first stock (QAF, which I’m still holding on to btw), and I decided it was a good time to review my portfolio and make some strategic changes as it crosses the $300,000 milestone (another post to follow!)
Selling? Selling!!
I took a hard look at my portfolio and realised that there are a few long time losers which I’ve been holding on for perhaps a little too long.
Some of them range between a 20-40% loss, and although the individual current value of those stocks don’t exceed $5,000, they haven’t been good investments in the sense that the unit prices have been steadily decreasing...