It’s important to know why you own a stock, what you wish to see in order to continue holding it and therefore what might trigger you to sell.
Below are a few mental exercises I try to remind myself of now and then when I reflect on my own portfolio:
- Can you explain the case for a stock in less than two minutes?
- If you were not allowed to sell stocks within 2 years would your portfolio look the same?
- If you were only allowed to buy 20 stocks in your life would your portfolio look different?
A few examples of my current sentiment in select stocks…
Actual Path to Production and Long Term Business Model/Growth (HODL until further notice)
- Novo Resources (Very near term production potential and by far the biggest blue sky potential in the sector)
- Kuya Silver (Near/medium term production potential with intent on growth through exploration and acquisition. Not tier 1 jurisdiction)
- Lion One Metals (Medium term production potential with true tier 1 exploration potential)
Take Over Candidates (HODL until further notice)
- Lion One Metals (Fully permitted, low CAPEX and tier 1 potential and tier 2 jurisdiction)
- Irving Resources (Great business model (flux) & huge pipeline but in difficult jurisdiction)
- New Found Gold (Tier 1 potential in tier 1 jurisdiction)
- Eskay Mining (Multiple targets, tier 1 potential and tier 1 jurisdiction, numbers game)
- TriStar Gold (Great economics and growth potential but not tier 1 jurisdiction)
Everything else: Pretty much up in the air and tend to be cheaper than all of the above.
Lastly, there is a lot of underappreciated wisdom in this lecture by the legendary investor Peter Lynch:
Note: Note investment advice. I own shares of all companies and some are banner sponsors. Always do your own due diligence.