Recent Sell – IPL, BTO

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A bit of portfolio cleanup with a couple of recent sales in my portfolio. As mentioned in my monthly outlook posts, I am looking for portfolio simplification — and as a result I want to be only invested in my high conviction ideas.

Instead of outright selling the stocks, I decided to write covered calls and let the market take care of it. The covered calls ended up in-the-money and got called away, but I have no regrets since I intended to sell these positions anyway.

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Recent Sell – CDB, RNX

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A couple of sales in my portfolio. This time with big losses on a couple of wildcard equities that didn’t work out.

I had taken a couple of speculative positions in some junior mining companies that did not play out and decided to close and take the loss. Luckily for me, these were relatively small investments and although the percentage amount is huge, the dollar amount wasn’t too bad.

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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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