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bhowman
Groupie
Joined: 16/Apr/2010
Location: India
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Posts: 48
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   Posted: 19/Apr/2011 at 10:20am |
Originally posted by kulman
| some people enjoy by taking a walk on the beach |
I do.
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Some others enjoy by watching people take a walkon the beach.
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That which is so far is actually so near.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 20/Apr/2011 at 12:07pm |
Originally posted by bhowman
Originally posted by kulman
| some people enjoy by taking a walk on the beach |
I do.
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Some others enjoy by watching people take a walkon the beach. |
Hmmm.....to each his own.
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ramsey123
Groupie
Joined: 16/Sep/2010
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Posts: 62
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Posted: 20/Apr/2011 at 12:25pm |
Originally posted by basant
If you want to compeltely live off your investing you should wait till your investments become 50 times your basic annual expense.
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Does this take into account inflation considering a 15-20 year horizon?
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csbhasin
Newbie
Joined: 24/Nov/2010
Location: India
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Posts: 4
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Posted: 20/Apr/2011 at 12:41pm |
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Topic: Why not to look for new ideas – always?
Posted: 18/Apr/2011 at 10:34am
Basant Sir,
Thanks for your guidance. i.e. live off when investment become 50 times of you annual expenses.
cs bhasin
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MR TED
Senior Member
Joined: 26/Jul/2010
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Posts: 336
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Posted: 20/Apr/2011 at 12:55pm |
Basantji Wanted to ask you, in TED 11, do you hold the same conviction that you did when you first included them in TED 11. Also, do you personally own them? I feel you cannot own 11 stocks. A man of your level of conviction will hold much less
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 20/Apr/2011 at 2:12pm |
Convictions change with earnings, execution of business plans and capital spending habits of the management so for some companies the conviction has increased whereas for the others it has deteriorated.
I own a few (not all) of the TED XI stocks.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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rinkumalpani
Senior Member
Joined: 28/Jun/2010
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Posts: 369
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Posted: 20/Apr/2011 at 2:27pm |
Originally posted by basant
Convictions change with earnings, execution of business plans and capital spending habits of the management so for some companies the conviction has increased whereas for the others it has deteriorated.
I own a few (not all) of the TED XI stocks. |
..so, for a person invested as per ted xi, would you suggest to keep the winners and shed/replace the losers..
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Buffet Glb
Senior Member
Joined: 24/Dec/2010
Location: India
Online Status: Offline
Posts: 38
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Posted: 20/Apr/2011 at 4:33pm |
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Hello Basantji,
Good discussion to throw light on the inherent desire of mind to keep looking endlessly.
It boils to don't react just for sake of gratification but respond depending on the need. They are not very rewarding more often.
Apart form investing in the existing stocks (pyramiding), you have raised another debatable issue of concentrated portfolio & diversified portfolio. My take would be even for an average investor (not trader), who happens to be the majority, Diversified portfolio investing is the most practical way for more than average returns. The returns theoretically might be more in concentrated portfolio investing but the strike rate is too less to venture.
Finally, if you have a good business that you feel you have missed earlier, the same stock is still worth purchasing later as well with long term perspective in mind.
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"The best assets you can have during inflation are your abilities." - Warren Buffett
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