You must be my twin brother before we were separated at birth. Yep, I took profits on NAB and ANZ a few times this year- but they were a hold.
Retail investors, according to the peer reviewed experts, have a habit of selling winners and feeding losers.
If we are attracted to low PE numbers and MVs that are less than EVs then we will continually choose the under performers. I see that in my own trading and portfolio. Holding COL rather than WOW. BOQ and WBC rather than CBA. EHL rather than NWH. Avoiding CSL, WES, BHP etc.
I bought CBA but could only hold it for two days- took slightest profit- with the PE it felt like being at the top of a rickety ladder.
Anyway, I build a portfolio around why own tolerance for risk- and I make it work for me- probably would not work for someone else.
Ramble over for the day. See you all in the sand pit again Monday morning.
IMHO DYOR
WBC Price at posting:
$20.86 Sentiment: Buy Disclosure: Held
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