Inevitable the way it is going.. How ever .. Please let it just happen.. We really do not need ALL HANDS TO THE PUMP..
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when and how is the DRP calculated?
If the SP heads to the magical SP of $2.00, HBL will climb to over 25% of my total share portfolio, so I've just cancelled my participation in the DRP.
I think HBL is a great business and Mr Market seems to love it too. it's grown to be my largest single holding and has more than doubled in value over my average cost price. However, I don't think it's wise to let it go much higher as a percentage of my holdings so I really don't want to own any more HBL - but I can't pluck up the courage to sell any right now either.
Apart from a couple of holdings at 11% and 15% the remainder of my funds are spread over 18 other companies so I'm pretty well diversified.
I think the whole market is pretty "toppy" at the moment so I'm taking all my upcoming dividends in cash and accumulating a few bucks in case there is a bit of a correction and some buying opportunities appear.