Quiet Contrarian. Ep33: Trades for July 2022
Sell
Magellan Financial – MFG.ASX – These guys have been one of my all time worst picks. Their biggest position was their global fund, which has been copping the Fund Managers double whammy: Falling investments and withdrawl of funds. Good lesson, in that I hadn’t realised just how much of their assets were tied up in effectively one big basket. Selling down, not out, in case of further global market rallies.