Still selling equities
We are selling on strength, still expecting a market downturn very soon. We have sold/reduced holdings in Tassal (ASX: TGR), Ingenia Communities (INA), Capilano Honey (CZZ), Vmoto (VMT), Hansen Technologies (HSN), and Technology One (TNE). This is not to say most of these are not good companies – they just seem vulnerable if there is a downturn. We have increased holding in TPG Telecom (ASX: TPG) and Redflow (RFX).
Despite the concerted selling, equities STILL represent 46% of the overall portfolio. Having trouble reducing this – shares held just keep going up. Drats!
Holding cash for community based renewables investments on the horizon.