I find this correct strategy for long term wealth creation. Additional thing i am doing is leverage to generate capital for accumulating stocks, this is high risk and work in bull cycles with associated risk. Could multiply PF by 28X in last 4 years with leveraged portfolio.
Pitfall of leverage is booked 6% loss on PF due to heavy selling in Jan to Mar 2023 however in last three years it has worked well for me.
Till now rotation was key as i could find cheaper bets while rotating. Now there is change in strategy as all valuations look at extreme euphoric levels hence keeping in my own circle of competence and stocks with strong moat or cash flow with PE is teen range.
Now i have started cutting down leverage and will make it zero by Maximum Jan 2024 as general election is a big binary event for indian markets, will not even hesitate to liquidate everything in case of a worst outcome.
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