My portfolios

Dear Peter,

I have three portfolios:

P1: TLS 24%, WPL 24%, WBC23%, BHP 11.5%, WOW 9%, AWE 4$, IAG 2%, BPT %. Total Value $5K.

P2: BHP 23%,NAB 22%, CBA 20%, WPL 6.4%, TLS 6%, ANZ 4.5%, WES 4%, WBC 3.5%, WOW 2%,VRT 1.5% + others. Value$1.5m.

P2: WPL20%, AWE 14.5%, APE 13%, TLS 13%, NAB 11%. Value$3.5K.

I’m fully invested, except for forthcoming DIV.

Unfortunately, P2 is the super account.

My plan is to hold on to the banks, except for small sales to get cash for investment. I’ll hold BHP at least until share split, hold WPL to see how things pan out.

Buy more TLS, MTU, and sell IAG soon.

AWE is a long held stock – average price is about $1.50.

Some of the better stocks have been held for a long time. We started investing/trading in the mid 50’s but have sold too many very good stocks, including CSL because of the AIDS blood scare in the 80’s.

I am a young 80 years, and a keen follower of current affairs, including financial matters.

I have no real questions but would like your comments please.

A: It is great to hear that you are 80 years young and a keen follower of current and financial shares.


Not really sure what your question is, however a couple of comments:


a) share splits create no value - so I wouldn't hold BHP for this reason alone. I would hold for reasons such as dividend yield, relative value, etc;


b) you may want to consider some further exposure to healthcare/industrials/consumer discretionary - you are pretty long Telstra/resources and the banks.


Regards,


Peter



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