First time posting - I’ve been following this board for about a year and learning from everyone that contributes. Thanks to all for sharing on this board and keeping this an active and great community.
So. In following the mantra of adding to your winners and selling your losers, what do you do when everything is winning?
I have a very concentrated portfolio of only 9 stocks, I don’t have any excess cash that I am willing to invest so that means I must sell something to buy something. With such a condensed portfolio of stocks with everything that is winning - How do you determine what you should sell to buy that new stock?
For my style of investing - I like to let the winners run and also add to the winners. As a result - I don’t feel comfortable with selling anything! Especially with the ones that have done well like SQ which have more than doubled for my portfolio. I also have high conviction on everything I own, and I think they are all great companies so it is difficult to determine a ‘loser’ to sell and reinvest.
How do you all look at it? Does it make sense to value rank these on basically what comes down to short term future potential share gains of -1yr ?
My portfolio weights looks like this:
Cash - 0.75%
Thanks for any insight.