My strategy of selling positions in companies is getting to a climax, though, there could be couple of more companies to go through. I’d have some dry powder at the end of this exercise.
Last week, I completely sold positions in following 2 companies: PFE and TD. As I’ve said earlier, it is getting increasingly difficult to part these companies that I painstakingly built up over a period of time, however, I hope that I could purchase them at a better price at some point in future.
So far, I’ve sold 60 companies in my portfolio, with remaining companies close to 37, still a fairly decent size for a diversified portfolio. I consider it prudent to sell some of the companies while the market is offering better prices. All of these sells will put me a little behind in my race towards $3K in 3K.
Are you considering selling some companies to raise cash in near future?