Articles on investing and capital management, with a quantitative focus.
Exiting my Growth Positions
I normally hold all of my growth and momentum stock picks for a set time period, and then re-run my screening to update the portfolio.
However, in recent months I've noticed that a significant number of my holdings would no longer pass my criteria if I screened them today.
I want to stick to my annual screening schedule, but I also don't want to hold stocks which no longer qualify (for example, which have lost their momentum).
Today, I sold my ten stock picks and replaced them with an equal amount of
XIC, the Canadian index. I will resume the stock-picking exercise in June (on the annual schedule).
— Jem Berkes