Time for a mid-year portfolio review. Are you ready?

Folks, how often do you review your entire portfolio? How regularly do you clean up your watchlist?

For me, it happens at least twice per year. Do you remember the 2018 Castaways portfolio from last December? We went through the Stock Card's universe and got rid of the companies that were not worthy of our time and attention any more. As we enter July, it is time to step back again and get a sense of how things are going.

The goal is to make sure that the stocks we own are still worth holding, and the stock in our watchlists are still worth our attention. During July, as I go through my semi-annual clean-up, you will hear a lot form me and my Roll with Our CEO portfolio.

Here is the 4-part checklist I will be following to complete my July's clean-up:

​The winners:

• Do I believe that the companies that have grown the most in my portfolio can continue to grow? Or, is time to sell and pick other stocks?

The losers:

• Do I have the reasons to hold the companies that have lost the most in my portfolio? Or, should I sell them, use the losses for tax purposes, and pick other stocks?

Crashproofing:

• Do I have enough cash on the side to take advantage of any possible market downfall?

Watchlist:

• Which companies on my watchlist have proven to be operationally strong to add to my portfolio?
• Which companies on my watchlist have shown their operational weaknesses enough that they are not worth my time anymore?

Are you ready to do the same for your own portfolio?

Go to Part 2