This time of year

Over the next few weeks, I will sit down review my long term portfolio and make some changes before the end of the financial year.

This year has seen some highs and lows on our market, in my portfolio I have success stories like Lynas Corp and dismal failures like Elders. So now its time to decide what to keep, and more importantly whether I need to crystalise any of the losses or continue to hold the positions.

What sectors in the market are moving ahead and what sectors are falling behind, is the balance inside my portfolio still effective or do I need to change the weight?

Once I have decided what I will take a loss on (if anything), it allows 6 weeks to find the best possible market timing to make the transaction – the last thing I want to do is to make these decisions late in June and just take what the market is giving me.

Remember, regular portfolio updates are an important part of your investments, especially when the tax man is ready to pounce.

What are some of your years highs and lows?

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