Portfolio change

There has been a change to the portfolio. I have sold out of ITD today for 57.5c

The portfolio now shows :

RHD Bought at 65c now trading at 66c for a PROFIT of 1c (1.5%)
SCV Bought at 80c now trading at 80c for a BREAKEVEN (0.0%)
FEA Bought at 63c now trading at 62c for a LOSS of 1c (1.5%)
CKL Bought at 59c now trading at 60c for a PROFIT of 1c (1.6%)
MCP Bought at $2.65 now trading at $2.86 for a PROFIT of 21c (7.9%)
AVE Bought at $2.19 now trading at $2.80 for a PROFIT of 61c (27%)
MPH Bought at $0.225 now trading at $0.235 for a PROFIT of 1c (4%)

Portfolio
Cash : $33,855
RHD : $10,153
SCV : $10,000
FEA : $ 9,841
CKL : $10,169
MCP : $10,792
AVE : $12,785
MPH: $10,444

Total : $108, 039

Month 1: Profit of $4,688. Annualised this is a gain of 56%.
Month 2 (to date): Profit $3351. Annualised this is a gain of 40%.

Closed Trades :
ITD Bought at 41.5c SOLD at 57.5c for a PROFIT of 16c (38%)

Sometimes you need to close trades even though they could go much higher which is still the case with ITD. But this price is still overpriced and it is always better to be in cash then be risking it in an overpriced share.

The return this year is 8% for this portfolio. Still there is not many shares to buy which may mean that the portfolio could become stagnant in the next few months while I am searching for undervalued shares.

Good Luck Investing.