Income and Growth portfolio trades
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- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
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Flight Centre has been the best performer for both our Equity Growth and Equity Income portfolios since they started accepting real money almost three years ago, more than doubling since our purchase in February 2017 for an annualised return of 79%.
It lacks the very high quality it would need for us to consider it a core holding, though, and with pessimism having turned to optimism – and following last week's downgrade to Sell – we're happy to bag the profit. As a result, we've sold the entire 5.5% weighting in both portfolios at an average price of $63.54.
It'll take more to shake us out of ASX but, with its price also hitting fresh highs, we've opted to reduce our holding from 8.4% in our Growth Portfolio and 7.2% in our Income Portfolio to about 5% in each, at a price of $64.07.
Some of the proceeds have been used to increase our weighting in Hansen in the Growth Portfolio, from 3.0% to 4.0%, at $2.95.
The transactions have pushed the cash weighting in both portfolios to around 13%. We're comfortable with this while we look for further opportunities.
Find out how you can invest directly in these and other Intelligent Investor and InvestSMART portfolios by clicking here.
Our Equity Income Fund is now available as a listed fund, with the ASX code INIF.
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