Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Team, Today you have initiated selling MQG and MFG. I noticed both stocks have active tabs which to my understanding you are saying it is still a buy. I would have thought these tabs should have been removed if you are contemplating selling. I could easily have bought on Friday only to see you selling on Monday. I am just trying to understand when or if we should take notice of these tabs. Regards, Ray
Hi Ray,
In an ideal world, a stock would move from active to not advice prior to being sold – a natural sequence. The MFG position should have been moved that way as we’d discussed it the prior weak covering a more neutral stance given it’s strong run and valuation. Macquarie (MQG) was more call on the markets fragility at the time. The market was losing momentum and we sold MQG to increase cash and reduce portfolio beta – not as much a call on MQG individually, but a call on the market and the growth portfolios positioning / exposure to it. Good feedback we’ll take on board.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
