Due to the vagaries of the market, some of my investments are looking very paltry indeed. In particular, BDI, IFFF, IEER, LTAM and TW are looking very anaemic. I'm going to take a few different approaches:
- Sell IFFF, IEER, LTAM, and instead buy IEEM, a general emerging markets tracker fund. IFFF, IEER, LTAM broadly track IEEM, and I see little point holding three different shares where one will do. Of course the transaction costs are annoying, but better to consolidate earlier rather than later. At least I won't pay stamp duty (since ishares are listed in Ireland). I'll probably top up to the holding to be slightly larger at the same time.
- Invest further in BDI, taking it up to a similar level as QDG, MXM.
- Leave TW alone for now. If they agree more relaxed covenants then it might recover to a more reasonable holding size in short order. If they doesn't, it will be worthless.
No comments:
Post a Comment