Diversifying my Portfolio1 May 2021 10:22
Hi all
My last post was 3 weeks ago. In that time the Sp has gone from 344 to 340. I think a lot of people including myself was expecting a rise before results. I made a decision last week and sold just over half my Boohoo shares for a small loss as I had too much invested in Boohoo.
I think diversifying your portfolio is the key rather than all eggs in one basket. I disagree with the guy who has one million pounds invested in Boohoo on this board and has banged on about it in the past. Though it would be excellent if he proves people wrong and the SP is 100 times todays value in 10 years time.
I still think Boohoo has good fundamentals and lots of potential but the sentiment is not there at the moment. Sentiment makes a big difference, just look at Easy Jet and Wetherspoons. They both look well overpriced imo.
I have recently bought shares in Smith and Nephew,ITM, Gst, Unilever,AFC, Powerhouse. I was going to buy Helium 1 but I didn't lol. SP has flown up.
Plenty of opportunities besides Boohoo out there. I am going to hold my remaining Boohoo and review them end of September . I think Boohoo is a good medium to long investment.GL.