Sell 30 shares Wizz Air Holdings

This week I closed my position in Wizz Air Holdings and sold the 30 shares I own.

I purchased my shares Wizz Air Holdings in January 2017 at a price of 1.824 pence and I sold them this week at a price of 3.209 pence.

This is a return of 75,9% in 2 years and 4 months.

I sold the shares Wizz Air Holdings to reduce my exposure to the very cyclical Airlines sector. Wizz Air as ultra low cost carrier is operating a beautiful business model with really low prices, but based on the above average growth last years I decided to sell this stock.

Wizz Air Holdings is not paying any dividend so my yearly estimated dividend income is not influenced by this transaction. I will keep Wizz Air on my watchlist with a trigger to posibly pick up the shares again if the shares are below 2.500 pence.

Rebalancing my portfolio by selling a few small positions

Today I sold:

10 shares Macquarie Group LTD @ AUD 111,60
45 shares Ryanair @ €15,49
3 shares Stamps.com @ $248,05
3 shares Berkshire Hathaway @ $200,14

Basically these are 4 small positions in my portfolio. Nowadays I consider positions below €1.000 small. These small positions are a leftover from the year I started with investing in stocks on a monthly level. At this time I had the tendency to buy 2 or 3 different stocks a month to be able to diversify my portfolio.

The 4 stocks listed above are not in the first third of my watching list. So I don’t expect to increase the size of the positions in this year. Also I have problems keeping informed about Macquarie Group, because Australia is far away and I rarely have articles or reports to read about Macquarie Group.

Although I’m pleased with the peformance and dividend of Macquarie Group I still decided to sell this position, because I consider it important to have articles and analysis availble so I have other sources than the presenations published by this bank itself.

As a result of my experience with Macquarie Group I added a rule to my personal investing guidelines to also ask myself the question if enough publications from others sources than the company website are available so I keep myself challenged in making an assessment if I can find enough articles about a share I’m considering buying.

As a result of closing these small positions I will be making another stock purchase later this month.