Small update – Applied for Sula IPO small quantity for tracking purpose. Would closely track post listing. With experiential liquor stores, wine tourism etc. on the rise, Indian wine story is only but beginning. Need to understand the Promotor/Management quality & Corporate governance in Sula better. Guess with more time in listed universe, it will gradually be more clear.
Another share tracking closely – Bikaji Foods. Looks very richly valued.
Last few months some attractive opportunities have emerged in some select IT, New age company, Consumer durables & Insurance firms I owned. Could not make much use of it because of some personal needs.
Also, might have to sell around 20-25% of portfolio for family needs in next 6 months – 1 year. Have to devise a strong sell strategy among the stocks I hold. Realizing that for an investor like me, this is most difficult of all tasks and maybe mutual funds would have been much much better here for robotic selling. Main dilemma is if I sell the winners, although I get to book decent profits, but I could be selling future winners as well. And if I sell the losers, I am leaving a story I believed in (and still believe but obviously cannot predict the timelines for it to play) at precisely the wrong time!
A balanced option maybe to treat the portfolio as a mutual fund/single entity and sell stocks mechanically in either similar ratio or a pre defined percentage for each stock depending upon future expectation from each. This approach, although looks practical, but is contrary to my investment philosophy of making things “Simple”.
Much more to think, learn and act…Thoughts Welcome!
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