I continued selling companies and raise some cash. I believe that most of the selling is behind but market always manages to surprise me and throw some of its own curve balls: instead of correction, market had rallied in last few days.
I completely sold positions in following 2 companies: KMI and ABBV. As I said, I like all the companies that I’m selling, its just that valuations have got ahead of them self. However, I hope to purchase them at a better price at some point in future.
Currently, I’ve got remaining 34 companies, 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, rather than waiting when it really starts tanking.
Are you considering to sell any company in near future?