BN Portfolio Update: Selling Nvidia, Shyft portfolio hits R1m, and Easy Equities Basket updates

In today's BizNews portfolio update for October 28th, Alec Hogg kicks off with a "crazy" move, announcing the sale of high-flying chipmaker Nvidia just one month after adding it - a rare exception to our "buy and hold forever" philosophy. While he explains the specific reason for the quick trade, we celebrate a major milestone for the Shyft portfolio, which has now officially doubled in US dollar terms (turning $30,000 into $60,000) and crossed the R1 million mark since its inception just under four years ago..Easy Equites ZAR Basket Easy Equites USD Basket.If you don't have an EasyEquities account, click here. .Get access to live BizNews webinars and share portfolio updates by joining BizNews Premium. Register here..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here..If you prefer WhatsApp for updates, sign up to the BizNews channel here..Watch here.The Shyft Portfolio: A double in value The Shyft portfolio, has seen significant success, particularly after enduring an initial downturn.Overall Performance: The portfolio's reserves have more than doubled in US dollar terms, going from an initial $30,000 to $60,000. In Rand terms, the value has climbed from R463,000 to over a million Rand.Key Lesson: The performance reinforced the principle of "hold, don't run away," particularly after an initial 40% drop in the first three months.Asset Allocation: The portfolio is structured with approximately 40% invested in South African equities and 60% in US equities..South African Holdings (40% of Shyft Portfolio)Purple Group: Had a tough month, down 15%, following its year-end results to August. The share price moved from R2.60 to R2.24 in the last month, though it's still up from R1.70 over three months. The dip was attributed to margin compression due to higher-than-anticipated investments in tech, compliance, and staff, as well as a slowdown in growth metrics.Prosus: Performed better, with good news surrounding the bedding down of the Just Eat takeover. The new CEO is credited with progress in food delivery, which is now returning to its long-term growth trend after the COVID surge. The share is up 43% in the Shyft portfolio.Pick n Pay: Saw a positive response ahead of its financial results. CEO Sean Summers reported that losses have been cut from R1 billion to R300 million in the comparable period, largely driven by the Boxer brand (of which Pick n Pay owns 65%).Afrimat: Has begun to "get their act together" on the cement side, with the share price rising from R38 to over R44 in the month following the release of financial results..US Holdings (60% of Shyft Portfolio)Palantir: Continues to be the best performer. The initial investment was made early at $8 and $10 a share, and it has since seen phenomenal success. Alec Hogg confirmed his intention to let the remaining holding "just run" following earlier sales that banked the initial capital and some profit. The company is highlighted as a strong business with a near-monopoly in the practical implementation of AI for defense and corporate clients.

BN Portfolio Update: Selling Nvidia, Shyft portfolio hits R1m, and Easy Equities Basket updates

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