Ranking the watchlist

In my last post I mentioned that I intended to more clearly record my shorthand assessments of the quality of the various shares on my watchlist. Doing this could help to clarify both how I am adding certain shares to the watchlist and how I am deciding which of these shares to add to my portfolio when funds become available.

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HL sold

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I have sold my holding in Hargreaves Landsdown realising a 7% loss. My view on its quality has not changed much, though I now have some niggling concerns about its growth prospects. The main reason for selling is actually that I need some cash and Hargreaves looked like the weakest link because of its weak price momentum.

With the proceeds I have added to AB Dynamics taking it to 5.2% of the portfolio and am withdrawing the rest.