Recent Sell – KL

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My first sale of 2019. Sales are always hard, especially when times are good and everything seems to be going well for the investment in question. Personally, I have a harder time timing the sales than timing the purchases. When things are rosy, we tend to feel that the good times will continue forever.

Human psyche & investing seem to always fight each other on this front. We buy/invest when we feel good and sell when we are depressed about our investment picks. This sale has been especially hard for me as it has been my best investment to date.

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Recent Sell – Index funds & HIVE

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Here’s a quick update on a few sales in my portfolio. Sales are always hard, especially when times are good and investors are riding the coattails of one of the best performing bull markets in modern times. When things are rosy, we tend to feel that the good times will continue forever. The world has been awash in liquidity for a decade investors have been awarded for taking more risk.

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Recent Sell – OHI

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Here’s a quick update on a sale in my portfolio. Sales are always hard, especially when times are good and investors are riding the coattails of one of the best performing bull markets in modern times. When things are rosy, we tend to feel that the good times will continue forever. The world has been awash in liquidity for a decade investors have been awarded for taking more risk.

But there is change in the air. As the monetary policy tightens and the central bankers sponsored punch bowl is taken away, I have been looking very closely at some of the fundamentals of my company holdings. During this review, I decided to liquidate one of my stocks.

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Recent Sell – Seg Funds

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This is part of my annual sale in my employer-offered retirement matching plan. As part of the employment compensation package, I am encouraged to contribute to a group retirement plan, to which my employer matches 50% of the funds. The catch was that I had to choose from a pool of segregated funds offered by an insurance company. These funds come with high management fees but in order to not leave money on the table, I decided to make regular contributions. I originally documented it in this post.

Once a year, I am given a freebie to withdraw funds and move them to my other self-directed retirement accounts. My last such move was exactly a year ago in Jan 2017. I sold my positions in the following two funds. Going forward I will be repeating this move each January, so that my overall expenses fees remain low.

  • US Equity Index Seg Fund
  • International Equity Seg Fund

I will continue taking advantage of this benefit from my work and regular contributions into these funds will continue as usual on a monthly basis.

Full disclosure: Our full list of holdings are available here.








Recent Sell – CNR

BuySell

Here’s a quick update on a sale in my portfolio. Sales are always hard, especially when times are good and investors are riding the coattails of one of the best performing bull markets in modern times. When things are rosy, we tend to feel that the good times will continue forever. How many times have we heard from various commentators in the media that this market will never go down, or we will never see a financial crisis in our lifetimes. It is this kind of hubris that sends me running for the hills.

Regardless, its the insane valuations for some of the stocks that I regard as a selling point. What lies ahead…can the company keep its revenues and earnings rising year after year? This particular sale has been a hard one as I consider it an extremely strong company and want to continue holding for a long time. But you know what they say about falling in love with your investments…

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