Growth Portfolio trades

The Growth Portfolio has sold one of its smaller holdings.

The Intelligent Investor Growth Portfolio has sold its 1.8% weighting in Origin Energy at $7.725.

That price is still somewhat below our recommended Sell Price of $12. However, bear in mind that that figure is the point at which we recommend that no-one should hold any of the stock. Below that, in the Hold range, investors will make different choices depending on their goals, risk appetite and portfolio make-up. See our article What we mean by Buy, Hold and Sell for more about this.

Our view is that at just 1.8% it was too small a holding, being a distraction and potentially a source of inefficiency and cost for client portfolios (particularly smaller ones). We therefore decided to take advantage of the near 50% gain over the past six months to sell the stock. The portfolio now holds around 6% in cash and we're content with that as we await opportunities.

Find out how you can invest directly in this and other Intelligent Investor and InvestSMART portfolios by clicking here.

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