Cleaning up the Amateur Investor Portfolio

Since staring my journey as the Amateur Investor last year I have managed to accumulate around 200 different holdings!

Far too many to be able to keep an eye on all of the shares, so I’ve decided to weed out some of the smaller holdings in my general portfolio (leaving the High Yield Portfolio to quietly carry on earning income).

To this effect I have sold 2 holdings today, Intertek Group (ITRK) and Xchanging (XCH).

Intertek was purchased on 2nd August 2011 at 2,022p each (including fees). Today’s selling price was 2,682p for a nice profit of 660p per share, or just over 32%.

I bought two lots of Xchanging, one at the beginning of August 2011 at 97p per share and another just before Christmas 2011 at 64p per share – an average of 80.5p per share. Today’s selling price was 101p per share, a profit of 20.5p per share – or just over 25%.

More selling is planned for the coming days and weeks…