My Portfolio, where to next?

displaced dub

Hi All

i have laid out below my current positions, as you will see the majority of it is doing ok but the disastrous punt i took on BOI is biting and the surprise i got when CRH had a mini crisis has set me back a bit.

At this stage should i be looking to cut out the cancer or place them in my own little pretend nama.

Anyway here you are

BSKYB up 30%
WPP up 6%
BP up 8%
Ryanair up 14%
Smurfit up 14%
Telefonica up 12%
Apple inc down 2.19%(due to currency)
BOI down 39.27%
CRH down 28.08%

Money wise im up but the lag from BOI and CRH is 2k, so lads what do ye think..... Im banging my head off a wall about BOI thinking about if i sell it where will i re-invest the cash thats left from it.

Percentages based on thursdays closing prices to add subtract etc.

ixus

Why not give a line or two on each company and say why you invested, what you are looking for. Where you think they are now in terms of that investment. What the potential you think is for them to hit that return. What you are willing to risk on each one.

Answering these question yourself might go a long way to helping you.

If you chose to liquidate an investment. You do not have to invest straight away. You could always keep that capital on reserve until you make a decision to add to a position or make a new investment.

MrMatisse

Its a good solid blue chip portfolio (With maybe one exception:p) Way better than most of the penny share ****e and small cap US companies people buy after reading about them on some website and then post here to say what a wonderful portfolio they have.

OfflerCrocGod

You need to learn more about stop losses. Read up on them and use them. The saying losers are losers and winners are winners is very, very, very true.

Cut the losers and cut them quick. Of course this advice is no use in your current predicament, since you are so far down, I suppose the lesson is learned for future investments.

Stop losses stop a small loss from turning into a huge one.

pog it

displaced dub wrote: »

Hi All

i have laid out below my current positions, as you will see the majority of it is doing ok but the disastrous punt i took on BOI is biting and the surprise i got when CRH had a mini crisis has set me back a bit.

At this stage should i be looking to cut out the cancer or place them in my own little pretend nama.

Anyway here you are

BSKYB up 30%
WPP up 6%
BP up 8%
Ryanair up 14%
Smurfit up 14%
Telefonica up 12%
Apple inc down 2.19%(due to currency)
BOI down 39.27%
CRH down 28.08%

Money wise im up but the lag from BOI and CRH is 2k, so lads what do ye think..... Im banging my head off a wall about BOI thinking about if i sell it where will i re-invest the cash thats left from it.

Percentages based on thursdays closing prices to add subtract etc.

Maybe if you get a grip on what cancer actually is your investing will improve.

OfflerCrocGod

pog it wrote: »

Maybe if you get a grip on what cancer actually is your investing will improve.

BOI down 39.27%
CRH down 28.08%

pog it

OfflerCrocGod wrote: »

BOI down 39.27%
CRH down 28.08%

You'll know cancer some day and then you might understand my point.

losthorizon

Keep an eye on Steico (a german insulation company) I made quite a bit of money from them late last year. Since then they have drifted down because they missed their earning target but apparently management have said they are on target again. If I had a bit of spare cash around I would invest in them but Ive lost my job since then :mad:.

D-Generate

pog it wrote: »

You'll know cancer some day and then you might understand my point.

Say what?! The context in which the word was used was completely valid. This thread is for discussing his portfolio, not for discussing the monopoly on the use of the word cancer.




Now back to the topic at hand. With BOI and CRH down considerable amounts the question remains as to what to do with your position. First of all you need to know why you went long in them. If you believed the fundamentals were right when you invested then surely they are a bargain now? If your opinion has changed then you need to rethink about your strategy in to how you decide what to invest in.

I know its taking a massive loss but I would probably cut my positions in BOI and CRH, its just taking up capital at the moment. I am also a firm believer in that losers average losers and so definitely wouldn't advocate you pursuing the notion that CRH and BOI are a bargain.
As an aside, would I also be correct in saying that the losses you accrued in BOI and CRH can be used to reduce your capital gains tax from the profitable positions?

Finally, I think your portfolio should be somewhat related to your age. If you are young then equities are all good but as you get older fixed income should become a more significant portion of your portfolio. I suggest you purchase a Random Walk Down Wall St. I don't agree with the random walk theory but I do think that it definitely gives good insight in to beginner portfolio theory.

P.S. BP could be a good one now that they have agreed to settle with the US government. They are probably quite attractive as an acquisition now that their liabilities are no longer undetermined, in turn you could be on to a good return.