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India_Bull
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Joined: 19/Sep/2006
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   Posted: 07/May/2007 at 11:11pm |
I do regular check up of my portfolio and sell if the particular stock doesnt perform as per my expectations. My wait period is 6 months which is quite sufficient. Once I find a gr8 stock (multimultibagger) , I dont book partial profits etc and let the profits run. I like to buy stocks who have tendency to go up. I dont invest in companies expecting turnarounds .
I bought NW18 when it was hovering around 340 -350 (Thanks to Basantjee and TED) and since now it has gone up doesnt mean I will sell it off , I will wait for some time to cool it off and buy again, I prefer not to buy on dips but when the right time comes. I like to buy expensive stocks and hold them. I want to keep the winners and sell loosers.
I like to have defensive (Infy ) and aggresive (Indiabulls ) stks in my portfolio,
P.S :Stks like Praj, Indiabulls have always been very expensive but they have been super duper multibaggers for me (Indiabulls at 50-60 before demerger)
Just my small bites 
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India_Bull forever Bull !
www.kapilcomedynights.com
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vivekkumar_in
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Joined: 19/Sep/2006
Location: United States
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Posts: 606
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Posted: 07/May/2007 at 11:15pm |
Originally posted by omshivaya
I for example have a yearly target, where my portfolio should be after 1 year. If some stock reaches the price I expect out of them before the timeframe of 1 year, I dilute some off it, and put it into something which is underperforming...for the moment. Like if Network18 reaches 800 bucks(which is my FY08 supposed target) anytime soon, I would dilute some off it and put that extra amount into Pantaloon(if it is still trading around these levels by then). It all comes down to the target I have set my portfolio to be in 1 year's time. But overall, in next 3 year's time frame I would not look beyond the current concentrated portfolio I have. After 3 years....maybe!!!(If something better comes up). |
Very well thought out plan and your reasoning is very logical Om ji !
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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omshivaya
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Joined: 06/Sep/2006
Location: India
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Posted: 07/May/2007 at 11:52pm |
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Only time will tell Vivek ji. Let's see.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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vivekkumar_in
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Joined: 19/Sep/2006
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Posts: 606
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Posted: 07/May/2007 at 12:20pm |
What you are practicing is a form of 'Active Asset Allocation'.. which not only involves stocks but other forms of investments too. This if done with temperament gives superior returns against a Passive portfolio of good stocks.. Only issue is timing & the transaction fees, taxes etc.. Some of the practitioners also tend to do 'Hyper-active Asset Allocation' ...  , which I don't think is a problem in your case...
Edited by vivekkumar_in - 07/May/2007 at 12:20pm
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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omshivaya
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Posted: 07/May/2007 at 1:06am |
1) I have a portoflio which will remain the same for next 3 years, more or less.
2) If there is any re-allocation done by me, it will be between my portfolio stocks only.
3) No other asset allocation in my radar, from far far away.
Hope I clarified some things.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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vivekkumar_in
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Joined: 19/Sep/2006
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Posts: 606
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Posted: 07/May/2007 at 2:46am |
Originally posted by omshivaya
1) I have a portoflio which will remain the same for next 3 years, more or less.
2) If there is any re-allocation done by me, it will be between my portfolio stocks only.
3) No other asset allocation in my radar, from far far away.
Hope I clarified some things. |
No hassles Omji ! You have a straight forward simple approach that does make lot of sense.
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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xbox
Senior Member
Joined: 10/Sep/2006
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Posts: 2001
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Posted: 07/May/2007 at 5:41am |
I follow dead man approach. No change for a foreseeable future. This is what I can best do.
Portfolio is not made every day/week/month/year. If once done prudentially, done for life. Ask Basant jee, once Pantaloon, tv18 were picked, he is free for lifetime. He is living example to us.
Now, some pick such scripts by chance and some by choice. This is a debatable issue as human mind is very adventurous.
Stock market is much simpler than most of us think & everybody has to find it's own way (DNA is unique). Same thinking may not work for 2 people.
Choice selection will decide failure or success of portfolio. So I repeat ...
1. Sector 2. Management (in order).
We just need 2 parameters to find a suitable stock. Simple. Right ? Basant jee identified both correctly. there are many sectors but he picked retail & media. In those sectors there are many companies but he picked legends, job well executed for life. Basant jee, koi copyright ka issue to nahi hai ?
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Don't bet on pig after all bull & bear in circle.
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investor
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Joined: 06/Sep/2006
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Posted: 07/May/2007 at 9:14am |
Somehow i feel setting targets like this reduce your chances of really making huge multibaggers. If i had sold Mcdowell at 300 Rs. having bought at 80, i wouldve lost out on a huge upsurge which was still to come in later. My target for Mcdowell was 230-250!! But then the second part of your investing style i follow - i move money from my non-performers into the potential multibaggers. So even though i initially had around 10 stocks in my portfolio at that time, when i realized Mcdowell and UBholdings were in the midst of a major re-rating, i kept selling off the rest and bought more of these 2. That i how i created my concentrated portfolio.
Originally posted by omshivaya
I for example have a yearly target, where my portfolio should be after 1 year. If some stock reaches the price I expect out of them before the timeframe of 1 year, I dilute some off it, and put it into something which is underperforming...for the moment. Like if Network18 reaches 800 bucks(which is my FY08 supposed target) anytime soon, I would dilute some off it and put that extra amount into Pantaloon(if it is still trading around these levels by then). It all comes down to the target I have set my portfolio to be in 1 year's time. But overall, in next 3 year's time frame I would not look beyond the current concentrated portfolio I have. After 3 years....maybe!!!(If something better comes up). |
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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