Play all audios:
We are exiting our position in Broadcom (AVGO), selling 55 shares at roughly $576.95 on Friday. Following the trade, the Charitable Trust will no longer own shares of Broadcom. This sale
will decrease AVGO's weight in the portfolio to zero from about 0.8%. Markets are selling off Friday on concerns that Russia could soon invade Ukraine. Due to this geopolitical
uncertainty, we believe it is best to tighten up the portfolio, lock in a big gain, and raise some extra cash as a way to play defense in case the selling pressure continues into next week.
That's why we are selling Broadcom, one of the smallest positions in the portfolio, and a semiconductor stock that we have not decided to rebuild into weakness. While it does hurt to
make a sale into a selloff like Friday's, we are happy with the decision we made earlier in the week to raise cash through sales in numerous positions. Since Tuesday, we booked profits
in United Parcel Service (UPS), Boeing (BA), Mastercard (MA), and a couple of times in Nucor (NUE). The cash we raised this week will provide us with even more protection for whatever twist
and turn the market takes next. The extra cash also allows us to get opportunistic after we sift through the carnage and identify the stocks that have been wrongly punished by the market. We
will lock in a great gain of about 150% on shares purchased in March 2020. (Jim Cramer's Charitable Trust will no longer own AVGO after the sale. See here for a full list of the
stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying
or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE
INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF
YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED. A sign on the campus offices of chipmaker Broadcom is shown in
Irvine, California. Mike Blake | Reuters We are exiting our position in Broadcom (AVGO), selling 55 shares at roughly $576.95 on Friday.