Selling more stuff? That can't be right?

I decided to sell the two ETFs that I hold: SEDY.L and ISJP.L.  Not because I think they're bad things to hold, but:

• Shares/ETFs listed outside the EEA are not as tax-efficient for me, since I can't hold them in an aksjesparekonto.
• Aviva are cancelling their preference shares and this felt like a good time to rationalise my non-aksjesparekonto holdings (no real logic to this, just emotional).
• There's no massive capital gain locked into them as there is for BRK-B, NWBD, BARC and PLUS, so selling them won't trigger a big tax bill.
• For non-investment reasons now is a good time for me to realise a bit of cash.

I sold SEDY.L at 1140p.  That's a capital loss, but the loss of capital is balanced by income I've received, so pre-inflation this has been neutral (post-inflation it's cost me money).

I sold iSJP at 3326 for a small profit.

My non-aksjesparekonto holdings now represent (a) shares with a large capital gain, which I'm happy to hold long-term, and (b) small holdings showing a capital loss which I'm hoping will bounce back and don't seem worth selling at their current low valuation.

More Kinnevik, Exor, GBL and Wendel

Just roughly doubled my holdings of these 4 European investment companies:

• Kinnevik at 90 SEK
• GBL at 67 Euro
• Wendel at 81 Euro
• Exor at 93 Euro

Bye bye Raspberry Pi

Drove my Chevy to the levy, etc..

I bought Raspberry Pi at 372p in October and just sold at 726p, for a 95% profit in 3 months.

I still like the company, but I thought it was expensive when I bought the shares.  There's been some mildly positive news since then, but nothing to warrant them almost doubling.  

A P/E ratio well north of 50, for a company that still has all the headaches of being a manufacturing company?  Having to worry about stock levels, chip shortages, and all the rest of it?  Sure, I expect them to grow over the long run, but there's an awful lot of growth already priced in.

This is the first time I've sold a share since Plus 500 in 2018.  On that occasion I bought back in 15 months later at less than half the price.  I'd be very happy if the opportunity arose to do the same with RPI.

2024 review

Over the course of 2024 my portfolio is up 25% in GBP (vs 8.5% for the FTSE 100), 23% in USD (vs 25% for the S&P 500), and 38% in NOK (vs about 17% for OBX).

Some highlights:

• Berkshire Hathaway returned 29% and is still almost half of my portfolio.
• Plus 500 was up 72%.
• Barclays was up 80%.
• Raspberry Pi was up 68% despite me only buying them at the end of October.

Sylvania Platinum was by far the biggest loser, down about 40%.  All the rest was only mildly up or down.

It's been a pretty busy year of buying shares:

• ISJP
• More Sylvania Platinum - oops
• Kinnevik, GBL, Exor and Wendel
• Raspberry Pi - yay

For the sixth year in succession I failed to sell anything.