@Mudit.Kushalvardhan Yes , it does. But the point is I am yet to decide on a methodology . Unlike you ,I have invested only about 15% of my networth into direct equity .I want to double it every 3 years and that is more important to me than being theoretically right or constructing a well diversified low beta portfolio . Investing and staying invested in bluechips is unlikely to do it for me.The purpose of the stocks like TCS,Asian Paints were to reduce volatility of the overaĺl portfolio without the necessity of too much research . But I noticed that lesser known smallcaps midcaps like Polycab,VBL, Borosil renewables,Laurus etc. have done much better job than TCS or Asian paints pricewise. Ultimately if the business does well, bears can’t stop the stock from appreciating .Check Deepak nitrite or Laurus labs progress from 2016 onwards. So, I am trying to catch a few outperformers early by looking at business triggers and opportunity size. I try to keep some margin of safety( low PE,low or no debt) and except Saadhna ,Optiemus and Cineline, I have not taken much risk and those 3 have less than 5% of my total PF as @Cshar suggested.
I do not have any plans for holding any stock for 10 years at the outset. Usually I buy with a 2 year view and re-evaluation thereafter .With smallcaps , the comfort of mean reversion is not there if theý go downhill and hence deciding on a 10 year marriage can be painful.
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