A brief update on more learnings as PF is evolving and so am I as an investor:-
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I have consciously worked on an exit strategy. It has been immensely helpful in the journey in this cycle. Documenting business cycles like MDF, Amines etc, has helped me immensely+ Mixing valuations & technicals.
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Portfolio right now has significant diversification with multiple sectors such as cables and wires, beverages, chemicals, music, holding companies, Small finance banks(both Equitas+ujjivan), NBFC’S+Mfin, Shunts, Latex, Online Casino B2B operator, Auto Anc’s, Renewables etc.
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Position sizing is perhaps one of the most important concepts in investing. My largest allocation is 35% in a stock, and that has stock has nearly gone up by 60% this year. This has impacted the PF significantly. At the same time I completely exited the Pharma factor in the PF due to business cycle break down. Still tracking a few names in domestic space. Selling early to slightly late is okay with me as Long as I sell right.
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Currently, I am experimenting with a deep cyclical Iron ore and Pellets company. I am trying to go to different sectors and explore the businesses offering Best risk & reward. Here I am studying GPIL. Another such investment that was made is Usha Martin, I have exited that as ex of other income the stock looks expensive.
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All in all, evolution as an investor continues. This time the real learning has been to treat most things as cyclical and knowing when to exit.
Disc: post isn’t complete. Will update it.
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