Since my last general portfolio update here at the end of 2023, the portfolio is up by about 33% in past 6 months. Since the portfolio has grown at about 60% CAGR. for 2 years. I have taken the decision to became a little defensive and accordingly increased the percentage of low beta investments like large caps ( Larsen & Toubro, Tata Motors, cg power – Asian paints etc.), power grid invit etc.
Portfolio churn has increased of late and only 15 stocks out of 40 has been with me for longer than 6 months . However, those 15 stocks are worth more than 50% of the portfolio .
Because of the volatility of late , I had decided to book when profit was there to be taken and triggers were not in near future.
As a result , at present I don’t have a few stocks that I consider good for long term but I intend to buy those back later .
I have let go of almost all so called long term bets like AEGIS( sad sad mistake), SIRCA, HBL ,Shivalik ,Indigo paints , AngelOne , INTELLECT etc. While Aegis has tripled once I sold it after running in circles for 2 years , the rest have not gone anywhere but backwards mostly.
I have added CMSINFO(avg 400), SHARDA MOTORS(avg 1578),BKT(avg 3015 ), NATCO(avg 1202)BOMBAYDYEING(175) , ANURAS(772) etc. in past 2 months along with riskier and smaller bets like WPIL(3680), EIMCO(1575), PGEL(2520), WALCHANDNAGAR(220), SHILCHAR(4500) and
THOMASSCOTT(260) etc.
Once one has got a 20 bagger like Piccadily , it’s impossible to resist the urge to find another like it . It’s also true that one can’t know beforehand . So pick 5 and hope one makes it worth it .
One thing I am struggling with is allocation larger amount to a single stock in proportion to rising portfolio value . Hope I get better at it soon .
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