Portfolio turnover?

Hey there. Portfolio management would probably be a very good element for a newsletter yeah.

I rarely rebalance. You'll see me make a few tweaks at years end, potentially reducing some exposure to particular areas that ran up a bunch but I'm not a big rebalancer. I have target allocations, lets say 5-6% for individual equities, but I'm more than happy letting them run to 9-10% before ever considering trimming.

In terms of adding/dropping a stock, the bulk of my decisions are simply made on investing thesis. I have an underlying thesis for every single company I have in my portfolio, a lot of those theses are published at Premium. If it doesn't change, I do not sell.