Posting here after a substantial gap of about 5 months . The portfolio is up 60% from the levels it was on 31st December,22 . Considering I have always had 40% plus largecap and midcaps in the portfolio, the returns are good enough for me. Stocks like Polycab,VBL,Angelone,HBL,CDSL,Mirza(RedTape) and the best one of the lot – Piccadilly Agro , helped a lot while most of the long term bets like Allcargo,Aegis,Vaibhav Global,Indigo paints,Sirca etc. has not done that well.
After nearly 4 years in the market, my current opinion is…
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It does not pay to be overcuautious in Bull Market while picking stocks if one is not into very concentrated investing .My portfolio has 35 plus stocks most of the time and I manage my risks by keeping 50% large- midcaps and by mentally categorizing stocks into 3 categories …
A. Longterm anchors … ITC,Nestle,VBL,polycab etc.
B. Midterm momentum/swing/ seasonal trades … Angelone,CDSL,Indigo paints,PTC,IRCTC etc.
C. Indefinte investments of various flavours like Value( Amara Raja,Allcargo etc.), Structural tailwinds(HBL,Sona BLW etc.) , and fundamental bets like Rategain,piccadilly,danlaw,ems,MSTC etc. -
Its important not to overanalyze and over criticize incase of micro and smallcap investment since one is not supposed to bet too heavily in a single stock unless extremely experienced. Diversification is much more important than going into a witchhunt for CG issues and balance sheet trickeries .
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Every process described by everyone is right one for themselves and for their likeminded bethren . Its necessary to find out which one works for me . As of now I find Hitesh ji’s posts most helpful in this forum . I am not into reading books of every investing style and a simple diet of Peter Lynch and Ivaylo Ivanov is enough for my soul .
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