In last one and half yrs, i added my own stocks and at present also adding same stocks during this consolidation phase
I consider 2 things while buying my own stocks
1…Mcap (at the time of repeat buy) <5000cr
2…P/E ratio (at the time of repeat buy) @15-35
I dont buy my own stocks whose mcap and P/E ratio dont fullfill these criteria.
Overall, i had added 30-50% same stocks in last one and half yrs.
Overall strategy is
1…To make concentrated portfolio.
(Buying same stocks ,if fundaments are intact) and
2…Dont sell for minor reasons or few bad quarters.
I am hardcore fan of book 100 baggers and book gives idea of investing in same stock for 20- 25 yrs, if fundaments are intact(If i can hold for even 10 yrs, i will be thankful to author, let’s see)
I had finished 6 yrs in market and did not sell 90% of my stocks. This strategy worked very well for me.
I had two advantages from this strategy
A…I am not distracted from my primary profession
-As i dont need to watch daily movement of stocks
-I dont need to study stocks daily. I moitor fundaments and results thrice a year
-I dont need to study 1000 stocks as i m betting my own stocks
B…I think, at the end this simple strategy(concentrated portfolio+lon term investment) gives overall good return
=However, i am giving huge time and study before buying any stock.
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