With STI finally hitting 4,000, it is the right time for me to do some cleaning-up of my portfolio. I have therefore sold my small holding of 4,000 Hong Leong Finance shares @ $2.57. Having held this for 10+ years, I have received 4-5% annual dividend and a little bit of capital gain. However, since I am holding loads of Finance Counters, I can take a cold hard look at which are worth keeping and which have to be sold. At best, HLF will just keep on chugging along in the same niche it has carved out for itself without much growth prospects, but at worst, it may be disrupted to Fintech and not have the size or resources to respond. So its time to sell.
At the same time, I have bought an equivalent amount of Lionglobal All Seasons (Growth) Fund. I expect it to outperform HLF over the medium and long term.
