Advice on my portfolio

Kindly advice on below my portfolio, I have shortlisted 20 stocks for long term investment (ready to hold more than 10+ years) . is it ok have 20 stocks in portfolio or should I reduce to 15. advice on my stock selection as well

ACC
PIDILITIND
BATA INDIA
TITAN
NATCO PHARM
JB CHEM @ PHARM
CIPLA
CASTROL
BHEL
COAL INDIA
HDFC BANK
SBI
HUL
ITC
MOTHERSUMI
ESCORTS
ONGC
INFOSYS
WIPRO
TITAN

 

My selection is :

1.JB CHEM
2.LUPIN
3.NATCO PHARM
4.COAL INDIA
5.HDFC BANK
6.SBI
7.ICICI BANK
8.LIC HOUSING
9.MOTHERSUMI
10.ESCORTS
11.ONGC
12.NMDC
13.MCX
14.TECH MAHINDRA
15.LT
16.HUL
17.ITC
18.ASTRA MICRO

 

All are moat businesses and i liked your stock picks for their fundamentals. No need to worry about no. of stocks since it is not that huge.

 

@Mr.Fun_Da_Mentalist @Mr .kharb @Mr S. Mukherjee --Entry price ? Very important.But in this forum entry price,considering the fair value, is hardly recommended .Do I take it that a fundamentally sound company is a good investment at any price? I beg to differ.

 

@ Mr Carl Icahn -Sir, mere liking is not enough. Your detailed opinion and experience in this regard is awaited .A hopeful request

 

entry price is as crusual as what you are buying. but no entry price is mentioned here.

 

I think entry point is important in any case but its importance increases with weak fundamentals.Generally if you want to enter a blue chip fundamentaly strong company still growing and you want a good entry point,you may have to wait some thing like 2008 crash.If some body has patience ,nothing better than that.If you wait for right time like 2008 crash,you would never lose money Generally very rarely this patience is found.So for those who don't have such pateince, it is better to select company first and take token entry and go for investment in parts ,in blue chips you can scatter your buying in even 10 parts ,each parts can be bought quarterly.After you have made portfolio of blue chips ,you need to keep 10% cash .You need to deploy that cash when market is down ,and raise cash again when market recovers.So you can gain from big market volitialty in your portfolio.More over you can make some formula of market PE like if market NIFTY PE is 16 or lower go for 100 deployment of fund in your portfolio.If it is 18 PE keep 10 % Cash,If market PE 20 keep 15% cash,if market PE 22 keep 20% Cash ,if Market PE 24 keep 25 % cash . If market PE 26 keep 30 % cash .So you can have some trading and investment gain both.You need not to change compnies,you just keep on playing with same stocks untill some thing has changed fundamentaly in that stock.

 

@ Mr Kharb -I AM IMPRESSED .VERY WISE ADVICE from a seasoned successful investor. WORTH BOOK MARKING.THANKS!