I work in a small firm employing 90 - 100 people. The owner is a nice person who is there for us at all times. He is into stock markets big time which got me interested too. Upon his suggestion I started with Mutual Funds and ELSS. After investing for 4 - 5 years, the returns were below my expectation and I exited last year when markets were at near peak around May 19 with the thought that I will invest directly.
I waited patiently for months for the markets to correct and in September - October 2019 my moment came. I started slowly putting moneys in bluest of blue chips like Reliance, HDFC Bank, HUL, TCS etc. I just deployed 8-9% of my funds and wanted to invest more. But our FM Nirmala Sitaraman suddenly announced Tax Cuts and Market started zoomed again and within no time markets at peak again. I felt like I missed the bus and Cursed our FM that she robbed my chance of investing. During this time I still invested 2-3% of my money in Bajaj Finance and DMART.
Then Again during End February Market fell because of Coronavirus and I bought SBI, Eicher Motors and L&T. Now my portfolio, reason, and worry:
Reliance: Avg. Price 1250 (Highest allocation about 20%)
Reason: Mega Market Cap Company. Value unlocking of Telecom and Retail Business. I will hold and add more for long term with no worries.
HDFC Bank: Avg. Price 1050 (About 12% allocation)
Blue chip. Sector leader. Planning to hold for long. But worried about Stress in the system and NPA due to lock down. I will not invest anymore money until things settle down.
HDFC: Avg. Price: 2000 (10% allocation)
Largest NBFC Housing Loan company. May emerge stronger after the crisis. Planning to add slowly during corrections. Not much worried about my investment in this.
HUL: Avg Price 1900 (Minimal allocation less than 2%)
FMCG Leader. They moved in lightening speed and are investing in 100% subsidiary to get the Tax benefit which I liked. Worried about high valuation and may correct a lot.
Kotak Bank: Avg Price 1350 (About 1%)
I believe in leadership of Uday Kotak. Fund manager Nilesh Shah Joined recently in their mutual fund. Wish to add more during correction.
L&T: Avg Price 1050 (3%)
I felt that current govt. will focus a lot on infrastructure. Wanted to have some exposure in Infra company. But now I am very much worried if I made a bad decision. I would like advice of seniors in this forum If I can buy some more say upto 7-8% of portfolio for long term of 10 years?
SBI: Avg price 220. (2%)
Our employer created salary account with Axis Bank for us. Because of YES Bank crisis and PMC Bank scam, most my colleagues are worried and requesting our boss to change salary A/c to SBI. That is the faith an ordinary man on street has on SBI. This sounds funny: The day salary is credited, my colleague friend goes to nearest Axis Bank ATM, withdraws all the money. keeps monthly expense cash and rest deposits in his A/c in SBI. He has no credit cards and no internet banking with SBI Bank because he is scared of phishing!
Again, I am very much worried with this investment because of NPA and their investment in Yes Bank. I am planning to completely exit and book loss. I request advice from seniors if my decision is correct.
RITES: Avg Price 250 (Small allocation)
We have a dynamic Railway Minister. I have faith that he will improve railways a lot which will benefit RITES - my belief. Also there is good dividend income. I wish to add more during correction. I seek views from seniors.
Shree Cement: Just one share bought at 19130.
Wanted to have indirect infrastructure exposure. But because of its high price, worried that I may not be able to add more if it falls. So undecided to hold or sell…
Last but not the least: DMART! - Highest allocation of about 30% at avg of around 1900.
I have been to Reliance Smart, Big Bazar, Star, Spar, Metro Cash, MK Ahmed, and so many other stores for shopping. But there is something about DMART. I can’t explain. Despite being so crowded I feel at home at DMART. There is a honesty about price. There is a kindness towards customers about the people there. Best quality if you buy their packed items. I have been going there for 2 years almost every month and have not found discrepancy in billing. I have a lot of faith in this company. Only concern is high valuation. But I feel DMART will continue to be my highest holding going ahead also. Is my priority misplaced here, I don’t know.
I had invested about 30% of my cash and when the NIFTY fell below 8000, I got very anxious. I thought if I made a right decision of investing in stock market. And in last 2-3 days of up-move of market I have sold some L&T, SBI, Bajaj Finance and bought my Equity level below 25% and have 75% cash to be invested. But I have decided to hold back for some time. The %ge allocation given above may not be perfect because of terrible price movements.
Also, I have a 4 year old kid and my wife has opened one Sukanya Samridhi Yojana Account at a Post office 3 years back without telling me! She have been putting money there every now and then without my knowledge. I request to know if this scheme is good. I have not much knowledge of finance.
I have been reading this forum at an internet kiosk whenever I had time on the way home from my work place. Recently I have purchased a used Pentium 2 Windows XP system at very very cheap price for investment purpose
I thank all the nice people here wholeheartedly.