Podcast #58 - When to sell

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