Portfolio Update:-
Added Canara Bank – 5% of Allocation.
CANARA Bank currently trades at approximately 1.04 times its Book Value, notably below the mean P/B ratio of around 1.4. Additionally, it maintains a Price to Earnings ratio of 6. The bank offers a dividend yield of 2%. Corporate loans represent 43% of its total loan portfolio, with agriculture accounting for 23%, followed by retail at 17% and MSM. Within retail, housing loans constitute 55%, trailed by personal loans at 22%, vehicle loans at 12%, and education loans at 11%. Noteworthy improvements include a declining trend in NPAs and an upward trajectory in profitability, attributed to an increase in Other Income.

@Ascendant The period of rebalance essentially depends on the strategy. As you have already pointed out there are pros and cons in any period you choose.

One thing that people forget when they talk about quant or algos is that a strategy is an extension of the beliefs of the creator of the strategy. For example, I am, at the core, a long-term trend-following investor. I will always prefer strategies that are slightly on the longer timeframe unless I specifically want to exploit a shorter timeframe anomaly or opportunity.

This is why I typically prefer monthly or even quarterly timeframes. In my experience, the shorter the timeframe, the more statistical (technical-based) info becomes important. If you stretch your time horizon to months, quarters or even years (like the Magic Formula has a yearly rebalance), you move to the fundamental side more. The reason for this again is that there are more fundamental data points in longer timeframes.

…Investing might not be easy, but your humor makes it a hilarious ride…Always a delight to read your flowing writing skills. Your tales of Covid crash antics and executing plans are a reminder that even wizards have a bit of magic difficulty.

And the spouse analogy! Bahaha… I might have to cover it with a sweetened capsule like, “coming from a highly renowned wizardry doc,” when I discuss investments at home. Otherwise, you know the debate would crash way before the market ever does!

Cheers!

Today on CNBCTV18 they answered how they will use the 500Crs which they are raising.
They are planning to enter International and Drone as service