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Podcast #58 - When to Sell
Wall Street Wildlife Investing Podcast
English - September 28, 2021 13:33 - 32 minutes - 30 MBInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
The Telescope Investing strategy is to ‘buy & hold’ - we seek to buy good companies and hold them for the long-term - but that doesn’t mean we never sell. This week on the pod we revisit our thoughts on when it might be the right time to sell a stock.
You might want to sell for a personal reason:
You need to raise cash
It’s become too big a position in your portfolio
The company’s mission no longer aligns with your personal values
You’ve found a better investment opportunity
You’re no longer interested in tracking the company
Or there might simply be a fundamental reason why a company is no longer right for your portfolio:
Broken investment thesis or worsening financials
Increasing competition or commoditisation of the product
Change in the business model
Fraud!
Mis-management
We also consider this framework for our own portfolios and do a shallow-dive on Beyond Meat (BYND), a plant-based meat producer that we’re both considering exiting, to see whether it’s time to moo’ve our money to another stock.
The following companies are mentioned in this episode: BYND
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Or you can contact the hosts: LukeTelescope AlbertTelescope