Jsedirect With Simon Brown

Simon Shares Aspen (JSE code: APN) being vice squeezed. Woolies* (JSE code: WHL) trading update, "impact of a potential re-assessment of the carrying value of the David Jones assets". Watch out for the "goodwill write downs are not cash", true but they were paid for with cash. Shoprite* (JSE code: SHP) update seemed lighter then I had expected, good but not awesome. That said market liked it and stock is up over 6% since the SENS. * I hold ungeared positions. New year resolutions for investors "Everybody has a plan until they get punched in the face" Mike Tyson Stop watching the prices. These are long term investments, check them every so often if you must but certainly not even weekly never mind intra-day. Only own stocks that you have at least three strong reasons for owning and revisit these reasons at least once a year. Sell the dogs in your portfolio, sell them now (I'll wait). Sell anything that is not the best management and be very careful about what qualifies as best management (think Steinhoff).