I understand where you are coming from, financially the "overweight" situation may not be an issue. But sometimes there are other factors in play. I have basically maybe 50% of my net worth (incl Super) tied up in 1 company, due to the massive gains.
So you could imagine, when things go well I'm happy, when things don't then not so much. Cutting overweight stocks may not make sense financially, but you'll sleep better at night. I don't think I'll sleep much if APT continues on its projectory.
Part of my profit taking later this year will be to reduce my portfolio fluctuations, but I'll keep a substantial amount in the stock so I'll likely still be overweight, but not 50%-of-my-networth overweight.
PS: Big fan of Nuix. I don't hold because I'm not looking to invest further in shares atm for personal reasons but it would be one of the first stocks I'd buy into for a long term hold.
APT Price at posting:
$141.00 Sentiment: Hold Disclosure: Held
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