Jun 13, 2013 My portfolio will profit from an introspection, especially given that my performance over the last 2 years has been quite abysmal [src].
|Tier 1||ABB, Bouygues, Tesco, ArcelorMittal, CAF, PostNL, Intel, MunichRe||sfr 19,000|
|Tier 2||Dell, E.On, France Telecom||sfr 14,000|
|Tier3||Bank of America, Banco Santander, Hewlett-Packard||sfr 13,000|
Tier 2 are the ones which I would prefer not holding — if better opportunities arise. Tier 3 are companies which are either outside my circle of competence (BAC, SAN) or I detest holding them (HPQ). This is a sad state of affairs because out of sfr 46,000 invested sfr 27,000 is not in companies I really like. This needs to change.
I will actively try to shift my holdings towards Tier 1. In 6 months I will check back to see if I have succeeded in doing so.
Oct 25, 2013 It has been four months since I looked at my portfolio as a whole. Here is the current breakup in terms of the Tier structure I defined above.
|Tier 1||ABB, Bouygues, Tesco, ArcelorMittal, CAF, PostNL, Intel, Fortress Paper, Nam Tai||sfr 26,000|
|Tier 2||E.On, France Telecom||sfr 12,000|
|Tier3||Bank of America, Banco Santander||sfr 10,000|
I still have sfr 46,000 invested and only sfr 22,000 are in the companies which I don’t really like for one reason or another. I feel much better about my portfolio now then I did in June. Especially, after cutting down.