Over-trading eats into returns, so I like to keep transactions to a minimum. That said, knowing when to sell is an important part of investing and something that's difficult to get right. This week in my Fantasy Sipp portfolio I'm exiting positions in Unilever (ULVR) and Hargreaves Lansdown (HL.).
The replacements for the two companies sold are WH Smith (SMWH) and Mastercard (US:MA). My reasons for adding these companies are covered in the round-up along with analysis of Intertek (ITRK), London Stock Exchange (LSE), British American Tobacco (BATS), RELX (REL), Howden Joinery (HWDN) and Revolution Bars (RBG).
