Journey of Equity investing learnings , growth and scaling

How to sell a old holding is a challenge initially.

1. There is a price comfort you bought at 100 it is 300 today u feel you will not loose from here as your cost is low.
2. you dont bother much about its movement in price as its long term holding .
3. The fear of loosing money in new idea gets to a decision paralysis

My take – Investing should be looked at as a pure business. Money is raw material , appreciatio is profit , brokerage accounting cost and tax are expenses.

I started doing this with 1 old stock where i felt this will surely not go anywhere on upside ( it did though ) Castrol India. Business which didnt have much growth only dividend was a sweetner.

Try to sell 1 old stock replace with a good idea or 2 good ideas basis allocation. Track for year or 2 . If things work your way if markets proves us to be right dip your feel a little more and then a little more.

I still keep a track of old stocks which i sold what i bought in excel to know if my decision more or less is correct. I prefer to be 60% -70% right . You will go wrong on few ideas .

On portfolio –

I had a few concentrated bets in 2016-2017 winners take leading postion when you dont do much for decades and couple of tail .

PF was arpund.30-40 stocks .

I took 6 months and decided i will sell all stocks below 2-3% of PF so tail was out .

Now i prefer couple of them i dont have a count of stocks i want in portfolio. My smallest position is 3% starting position to begin with and i add eventually basis result and outlook. Largest i have gone upto 20% . Top 3-5 position would be 50% or more. Thats how i would prefer

On stocks – I have added couple of them as i sold elecon cash portion was huge chunck of it got deployed to Time techno ( bought it couple of months back ) Lately i have been looking and adding into comapny making GLP 1 pens and Geospatial space .

Disc – Added lately to sectors above hold position may add / reduce position without informing. Not a advise . Not a sebi registered advisor / not qualified to advise. Sharing views to help in the lonely journey of investing