I am new to this forum. I have been investing in stocks since 2016. But exited in 2017 with loss. I was noob back then and invested on many small cap stocks, made 20% loss, sold everything, accepted the loss. Then in 2018 again started reading and invested in large blue chip stocks. in the meantime, built my portolfio around mutual funds. Mostly in Index nifty 50 funds, few ELSS for tax saving & flexi cap. arounf 2% in small cap which luckily had great run during 2020 bull market.
I want to invest for long term. Like 10 years or more, fore wealth creation. also note, this portfolio is around 12% of my networth, majority of my investments are in equity mf, ppf, epf, fd, RSU etc.
my shortlists are:
Bajaj Finance
HDFC bank
Divis Lab
TCS
Deepak nitrite
Alkyl Amines
Asian paints
Pidilite
HUL
Nestle
Titan
I focus on concentrated portfolio, so that I get time to analyse their business fundamentally, review it. I cannot go for more than 15 in my PF, rather I would not invest at all. All these business are chosen on their strong fundamental business, tech savviness, clean books, monopoly nature & high ROE, ROCE.
My question: Looking at the valuation, I see very high PE of page indus, asian paints, HUL, pidilite.
considering long term, is this a good time to accumulate ??
or I will wait for correction? which I dont know when will i happen. I feel staying invested is more important rather than holding cash.
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