APT Exit Strategy, page-8

I’m huge on letting winners run and constantly post regarding the folly of trading.

However I tend to use the following 2 strategies

1) If fundamentals change. Yes I lightened a little on PayPal risk which I put at 20% may effect apt significantly. So sold 20%! Overall I hoped and thought it wouldn’t, but need to be realistic that it might. From there you continue to monitor and Re weight risk. For example, the Austrac and also regulation risk so effecting sentiment in Australia I placed less than 5% risk of significantly effecting apt given they were Australian concerns and apt was a US and world investment. I took no action

2) Portfolio overweight concerns. People lose a hell of a lot of money by worrying and over thinking this. Myself included, including right now, given Apt is 40% having grown from 5. But I could have never let it get over 10-15% of my portfolio, in which case I would be significantly poorer now! So if I’m ever tempted to re balance, which I currently am but feel it will likely cost me dearly as I see $500 easily in 10 years, if not $1000, I at least won’t rebalance unless 2 criteria are filled

- I have another stock to immediately invest that I think had equal YOY potential of, say in this case, 25% per annum for 5 years minimum (eml, nan, xro etc)

- I have held the portion I intend to trim for over 12 months to minimise tax

At least that way even if I lose longer term (don’t give a flying f#€£k about apt going to $80 short term if it’s $1000 in 2030), if eml has gone up as much or more, it’s all good. Of course eml might be 93 cents in 10 years, so there is always “2 way” risk when making these decisions!

Atm I’m uncertain of topping up a current holding or a new investment that I’m “as confident or more” than doing plus 25% YOY. Maybe Nuix.

Thoughts?