Rules of the Game: Cull Portfolio Duplications
Year-end is always a good time to do a portfolio review. Of course, it's good to see which positions could be sold at a loss for tax purposes, and where capital gains should be taken. In addition, it's a great time to do a "sweep" of your holdings to see where you might have too much sector or geographic exposure, and take some steps to balance things out.
Earlier this month, I did a portfolio review with a client who happened to be holding two ETFs for water: the Guggenheim S&P Global Water Index (CGW) and the PowerShares Water Resources Portfolio (PHO). Although these ETFs are pegged to different water indices, it's still too much exposure to one area....431 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.