I have a stock portfolio which have some or the other stocks which I have bought or got from the IPO. Some of the IPOs which I have got, I sold most of them on profit and kept some stocks which is basically free. Now because of that I have grown my stock portfolio to a big portfolio with a huge number of stocks.
PC: Pixabay.com
Now some of the stocks from the IPO has grown to a significant amount and some of the stocks from the IPO has gone down. Now the problem with this approach is that my stocks number in my portfolio is going up and is hard to track all the stock portfolio.
Now what I have started doing is that I have started selling those stocks and then consolidating in buying some of the good stocks in my portfolio. For example, I have some shares of Concord Biotech which is a free which I have got from the IPO. But till now it is very less amount in my portfolio and is not going up and I am not following any news of that stocks. This is happening with some of the stocks in my portfolio.
So what I have started doing is that selling those stocks which is very less number and then buying those stocks which has given a very good returns in my portfolio. So I am doing a buy on rise and increasing the number of stocks which has given very good returns in my portfolio. And this is how I am consolidating my stocks portfolio now.
