Speaking to the Investing News Network, Kerry Stevenson, host of Making Money Matter, explained why she sold all but three stocks in her portfolio late last year, and what she’s doing with her money now.
“I actually cashed in the whole portfolio aside from one coal stock … and two gold stocks,” she said on the sidelines of the Rule Symposium. “I’ve been sitting in cash up until about two and a half weeks ago, when I’ve come back in with quite big licks on four stocks, and I’ve still got some cash where I’m looking at some of the small caps.”
Stevenson also discussed trends in Australia’s resource sector and why investor education is so important to her.
“If you’re not investing your money, you’re going backwards. Because inflation is here to stay, and no matter which way you look at it, if you’re not trying to get ahead of the inflationary curve, you’re going backwards,” she said.
Watch the interview above for more from Stevenson on what she’s doing with her money.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Spartan Resources is a client of the Investing News Network. This article is not paid-for content.
The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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