But the funny thing is: it's only 'major' in my head - the sales don't change anything in the portfolio, they just accept the paper losses incurred by bad decisions in the past.
Today's sale is Lloyds Banking Group (LSE:LLOY), the other main 'legacy' holding that pre-dated this blog. What a disaster owning this has been: originally it was perceived as a high-yield share of a stalwart 'safe as houses' banking institution; now Lloyds has become a taxpayer-owned near-fatal financial crash victim, recuperating but still not up-and-about.
Why I didn't see the signs - and why did I buy even more, in the hope of a recovery? Oh well, at least LLOY had the decency to stage a major recovery last year and I have only lost half the money I spent on it. Had I sold a couple of months ago (when there was some excitement about the potential recommencement of dividends) I could have done even 'better' - but that brief recovery was short-lived.
These two sales mean that now all my portfolio holdings generate some income - which should, after all, be the basic rule for any DIY Income Investor. That's not to say that all is peachy - there are still some loss-makers to deal with. The next phase of the portfolio clean-up is to begin to implement the stricter 'sell' criteria: the indicator I'm trying out is based on when the capital loss is more than 10 years' worth of current income.
[Sale price: half my original chips]
I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.