Many readers write to me asking for advice on certain stocks which they hold or are thinking of investing in. They are usually disappointed by my response.
Why? I also don't know. Disappointed by my answer? OK, I gave the correct answer.
Today, a reader wrote to me about a business which I actually have a stake in but I am sure he was disappointed by my response too.
I don't have anything constructive to say about International Healthway Corporation (IHC) but I can tell you a story.
I have a handful of stocks in my investment portfolio which I don't monitor anymore for various reasons. There is one stock which I did not monitor at all from the day I got it and that stock is IHC.
I vaguely remember being given some IHC shares because I am a Healthway Medical shareholder. I vaguely remember that my Healthway Medical shares were free of charge. Bonus shares or something.
So, there was little incentive for me to monitor the business performance as, by 2011, I retained a rather tiny investment in Healthway Medical, having sold the bulk of my investment by middle of 2010. (See related post.)
What is the moral of the story? Is it about position sizing? Is it about knowing our motivations? Is it about knowing when to sell? I blur.
Healthway Medical: Target 20c.