Some Updates
As it can be seen I have been more focused on learnings…so here you go with my latest learning from last couple years new experiences….
Couple of years before, I had been putting incremental capital into markets which I needed in around 2 years or so timeframe….this would have been approx 10 - 15% of my portfolio over few months…
I had to recently take that out for personal needs….I had put these mostly in new companies to diversify like consumer durables, QSR, new age, IT….
Overall recently portfolio touched new highs, like everyone else, nothing to talk about that as it’s but obvious when all indexes touching new highs……what’s been a learning is that had it not been for these newer companies, I would have fared much better…
Also 2 years time is too less to put incremental capital into markets….I had put these mostly around the peak of stagnant market….After booking some profits in core companies I managed to come out at almost no profit no loss for 15% of portfolio capital…I must mention some part of it which I invested in core companies on dips did really well and I chose not to sell those completely rather took some loss in “potential core” ones…. .However, It would have been much better had I kept the entire capital that I needed in 2 years in pure debt considering the ease of transaction, peace of mind and most importantly “Simplicity” which I strive for……
I was of opinion that 2 years is good enough time to make profits in incremental capital but made mistake of investing in “potential core” type of companies rather than “momentum” if at all one must plunge into equity for such short duration….
Rest no complains from core companies, with markets all doing well, most of them increasing dividends, their businesses becoming stronger, market leadership intact….valuations have always been a concern though….
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