Thank You for such a wonderful post…!! It is always wise to learn from others mistakes and winning strategies than to be taught from the pain that experience teaches in ones journey of Life or Investing…!! This is the first time i am writing anything in Valuepickr Forum and I wanted to start off with my thoughts in reply to yours (I intend to be more active from now onwards…maybe a New Year thing…!!).
On Regrets paving way to new learnings: Being a Business Owner, I always had challenges of my own in being able to spend much time following the markets closely. I have always bought and held onto stocks for several years (Laurus from IPO days being a case in point). Held a very very large position (average of 550 a piece of 10 Re FV Share) and sold 1/6th of the position to recover my investment and 1:1 profit. Left the balance holding as it is for lack of Technicals knowledge at that point of time…!! Left a huge amount of money on the table (which I could have encashed happily) and waited until the stock fell to what it is today. This prompted me to think hard on my deficiencies and paved way to my enrolling into lot of courses and reading relevant books. Happy for that…!! Never lost money in the markets but would have made much more if I was more learned
On Long Term VS Momentum Investing: Being a Long Term Value Investor (for lack of time being in Business, adopted a strategy to buy a good company at a reasonable price and hold for reasonably long time until it gave multifold returns), I never knew a thing or got a taste of Momentum Investing. After I made good friends with like minded investors whom I met in various courses, investors meets etc, I started learning about Sector Rotations, Tailwinds etc and what is Momentum and Technofunda Investing, Now I have a war going on in my head as to my Long Term Buy and Hold Strategy is better in itself or should I invest a portion of my portfolio into Momentum Stocks based on Technicals for Entry and Exit,.!! Since my portfolio is of a good size, maybe I should think about Time Value of Money as well (at the same time, a challenge of being able to get enough volumes exists today)…!!! It is very difficult to avoid comparing with friends who have smaller portfolio sizes but higher XIRRs and CAGRs and focusing on what I should set for myself as a good benchmark for returns on a portfolio of my size and be happy with it…!! Coming to terms
On Hunger : I am sure I would have done very well with my portfolio returns (since it has grown and become large over a period of time and I paid a lot of taxes) but I have never calculated XIRRs and CAGRs until date (right or wrong don’t know). Not that I never cared for returns but always tried to do my best and accept whatever was bestowed. Kind of upset at the moment looking at friends who are heavily into Power, Defense, Railways etc
On Collaboration : Held a large quantity in Titagarh at 80, Garware Hitech Films at 600, Powermech at 450, Aurionpro at 300, Skipper at 75 etc etc…!! Got out for various reasons from time to time before enjoying the fruits. Lack of collaboration didn’t help. Came a long way now. Hope all the learnings of the past 2 years will pave way for a much better future and journey in investing…!!
Best Wishes and Happy New Year…!!
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