Agreed Varun, Identifying stocks is only the first step.
My finance professor used to explain PF building this way -
The three pillars of building a portfolio would be
1. Identifying the right stocks
2. Allocate appropriately among the identified names
3. Timing (not overpaying)
Like you have just said, most of us will have the same names so it is very hard to go wrong on the first step. Allocation strategies is where some portfolios perform better compared to the usual 15-20% compounders. The third step is not completely in our control is my opinion(though one should be careful not to overpay).
Thanks,
Ravi S
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