Sold further SGB and raised further cash. The percent of Gold holdings to total holdings is approx. 7.5 % now from a peak of 55 in Dec’22. Saw few twitter feeds on how people are quitting jobs to become full time investors. When I stated this to my wife the reaction I got was don’t even dare.
@saikathalder I’m still learning the nuances of investing yet. All the books I bought are at various stages of completion. still figuring out . Also I started building my portfolio after 2021 when I started to deploy some serious money. The small cap carnage during 2018-19 is still fresh in my memory. I continue to deploy funds when ever I have them, looking for margin of safety in the scripts I invest. Due to time correction of blue chip and me adding more funds in to it (Kotak @1750) or due to the run up in midcap where I couldn’t add more (idfc@40) their size of portfolio becomes significant. Others I would have taken a tracking position and I wouldn’t have any discretionary funds to deploy which I would sell them off for meagre gains. I can have significant allocation if I have a thesis. Also adding cost price to make my case clear
For example EIH I deployed funds faster (reallocated from SGB) as I want to have a significant allocation in hotel sector.
Similarly in Aegis logistics I wanted something from logistics sector so made a huge initial allocation (reallocated from SGB) .
Piramal pharma I sold all my holding after the last result and the ones I have were allotted in rights issue where I had substantially lower price than the prevailing market price.
Granules and Rain I took a tracking position and I don’t want to scale up. Uniparts just doubled the allocation will increase more if the results are good.
I do book profits now and then.
Instrument
Avg. cost
LTP
Net chg.
Allocation
KOTAKBANK
1733.29
1861.3
7.39
11.1%
IDFCFIRSTB
37
88.45
139.05
8.5%
SKIPPER
70
225.85
222.64
6.0%
INTELLECT
524.72
811.7
54.69
5.2%
KNRCON
267.46
260.55
-2.58
3.8%
SGBJAN29
4745.48
6170
30.02
3.7%
SGBJ28VIII-GB
5341.6
6161.74
15.35
3.7%
SGBJUN29II-GB
4894
6170
26.07
0.1%
FLUOROCHEM
2783.67
3569.05
28.21
3.4%
CARYSIL
658.91
859.95
30.51
3.1%
AEGISCHEM
295.68
364
23.11
3.1%
IDFC
43.83
124.2
183.37
3.0%
KILPEST
324.69
824.15
153.83
3.0%
EIHOTEL
224.82
237.55
5.66
3.0%
HDFCBANK
1490.18
1670.85
12.12
2.8%
VINATIORGA
1769.9
1715.2
-3.09
2.7%
HDFCAMC
1723.06
3221.5
86.96
2.3%
SATIA
114.52
142.9
24.78
2.3%
HBLPOWER
92.66
443.3
378.43
2.1%
AVANTI
394.63
398.5
0.98
2.1%
SUNTECK
283.81
428.7
51.05
2.1%
HINDUNILVR
2382.61
2575.6
8.1
2.0%
ASAHIINDIA
479.46
564.3
17.7
2.0%
UJJIVAN
243.33
577.2
137.21
1.8%
KSCL
568.12
608.2
7.05
1.7%
PAUSHAKLTD
5778.43
5680
-1.7
1.6%
AMBIKCO
1376.06
1743
26.67
1.5%
KRBL
236.6
353
49.2
1.5%
NATCOPHARM
624.19
792.2
26.92
1.4%
APLLTD
730
773.4
5.95
1.4%
UNIPARTS
559.91
536.15
-4.24
1.2%
DHPIND
350
798.15
128.04
1.0%
DRREDDY
4468.46
5633.35
26.07
0.9%
MARICO
350
523.6
49.6
0.9%
PPLPHARMA
81
140.5
73.46
0.8%
UJJIVANSFB
30.2
57.7
91.06
0.8%
RAIN
150
145.1
-3.27
0.7%
ICICIGI
1078.37
1422.6
31.92
0.7%
PRAJIND
545.13
562.05
3.1
0.7%
GRANULES
275.72
385.55
39.83
0.6%
p.s: im using this thread now as a journal to see how i evolved in my investing process.
you may have a target of keeping max 20 stocks or so. it will be easier for you to track. also, when new to the market, you may look specifically into large cap blue chip stocks like hdfc, tcs etc to learn. eventually get into small cap. i am doing the same.
Raised 10% cash to be deployed later. Trimmed my holding across portfolio and also exited the small positions. I have this habit to book profits regularly. At times it worked out in my favor. There are always money making opportunities if you keep yourself a keen eye and a bit of luck works in your favor.
To reflect on the year 2023. I did enroll in Yoga classes in the first half of the year and its been the best investment I made in this year so far. Also nudged my wife to join the classes. She joined me in the later half of the year and she is even more committed than me lol. Ran couple of 10 km runs and not so keen on running these days.
Got ‘Framing business uncertainty’ by Sajal kapoor, pretty excited to lay hands on it this week. Finished half of ‘100 baggers’ by Christopher Mayer. Portfolio got a bit of shake off past week.
Sold HUL, cant rue my luck between Nestle, Britannia and HUL chose to go with it and it gave me zilch returns. Started accumulating RACL@1070, if market continues to be weak will continue to add more at this price. Will refrain from selling this year as I have booked enough profits for this year. I have to transfer it to my family members account to save on taxes before selling. Yeah that’s me with my in-laws and parents retired and all the instruments in my wife’s demat, I just hope I don’t add taxes to the frivolous returns I’m making. Some of the fellow investor’s returns did give me FOMO but yeah I’m counting my blessings
KNR the order bidding pipeline for road construction is expected to revive after two quarters, Also its venturing into EPC projects which is capital intense. Quite surprised to see no thread for KNR and the existing one has been locked indefinitely which makes it super hard to follow.
PVRInox fixated on the narrative. Near monopoly in multiplex. Only a few movie blockbusters away from another good quarter. The recent spat of big hero Hindi movies doing good business augurs well .The boycott Bollywood cries have subsided. Also at a decent entry point. will evaluate on a quarter to quarter basis.
hi, yes i may have some underperformance for some quarters but interesting thing is that KNR is clocking avg sales growth > 15 in last 10yr with roe > 15 and appears to be good value at current price for long term.
Past performance is no guarantee for future years. The main issue is with no order bidding in the pipeline or no big order wins in recent history. Also they have ventured in to EPC recently to bid orders from railways. Otherwise road construction is not a niche business with so many competition(especially NCC with huge order backlog). I’m just saying there is a perfect explanation why market have rated it low. Especially with no order bidding pipeline with elections looming one can revisit this counter at leisure. Upside is limited and downside seems protected (due to lot of MF holdings) . I’m offloading at my own pace.
finished reading ‘Framing business uncertainty’ . Decent read. Bought ICICI sec to play the special situation of merger not going through but it indeed went through. Will deploy some funds after this month if I’m left with surplus funds.
Took a vacation for 11 days in Bali, Indonesia also visited Mount Bromo an volcano which is 400 km from Bali. Trekked Mount Batur and I’m very glad my knee was holding up quite good (all those extra effort and yoga sessions paying dividends). Will work on my fitness/diet (less processed food and sugar)especially when I got the news that my classmate, friend and fellow runner now got diabetes (he runs half marathon in 2 hours flat :). Also paid my daughter’s school fee for the next academic year ( a whopping 1.7 lakh).
Now all the front end expense are done with, its time to deploy money again. Will wait for this quarter results and my salary to SIP again (mostly in my current holdings).
I am not sure if I would hold large caps stocks like Asian Paints, Dr Reddy or HDFC AMC at such a low allocation. They will take years to become 2-3x and that will hardly have an impact on your portfolio adjusting for time and opportunity cost.
Generally I don’t recommend having less than 2% allocation in any stock but if one were to, I would rather have small caps in the lower allocation band. If selected wisely they can give 5-6x times time-adjusted return compared to large caps.
Thanks. These are initial allocation and once i develop conviction im gonna pyramid up. Also im not looking at 2x, 3x in every counter. Sometimes additional funds are parked there on which im happy to get even 10-15℅. Say for example, i had dulux in my watchlist and since the entire paint pack underperformed, i decided to go with the leader. The effect of new entrant giants like jsw will be seen in coming quarters based on which i might load or lighten asian paints. I also advocate to regularly book profits from time to time. I got indigo paints allotted in ipo which i booked profit during listing. Not buy and forget investor though i don’t sell fast very often.
After lightening up on Kotak in the interim to buy other companies, I bought another tranche of Kotak again after the price correction, partly due to laziness to find better opportunities. Also I sold ICICI securities since I bought it to play the special situation and used the funds to buy syngene. Lightened up on skipper after the results but still retained a major chunk as I don’t have anything in the sector. Sold out Kaveri seeds since after the buyback I dint have meaningful allocation to it.
Looks like Transformers and renewables is the sector to be right now. Felt bad on missing out on Technoelectric , should do the study faster before the price could recover faster.
Got really lucky with Paushak, after allocating a decent size the result also came out to be good. Usually when the stock is in a downturn the result usually comes out horrible but thank heavens the turnaround for me happened much faster. have to see how market reacts on Monday. Fingers crossed for Kotak results today , hoping for a positive surprise to spring out but yeah wouldn’t mind to take it allocation to 10% if it hovers around this price level. Have to see which I have to cut out to accommodate kotak or wait for fresh funds.
Technically i have 35 holdings now. 2 being sgb and 2 idfc holdings are going to be merged in to one and some more smaller ones will be sold in to. As your portfolio grows bigger even 1℅ is sizable amount for you. I started putting in serious money after 2021. Also I don’t have complete understanding of all my holding, i dont wish to have huge allocation to any 1 particular stock. Though i agree 20 * 5℅ is ideal, you must have very clear understanding of those 20. IDA is winning deals left right and center but it corrected 20% after results. Also you have seen what happened to the top 5 of my holding where i have invested 28℅ and got negative returns thanks to heavy lifting by others portfolio return is at 33℅. I do sell periodically so im only tracking only the growth in portfolio size, of course with better returns. Last year i booked close to 10 ℅ of my portfolio size in profits. This year will do the same since im invested 100% and discretionary spending is by selling.
After reading Sajal kapoor’s book bought into laurus and syngene. Aarti pharmalabs is in watchlist. Cdmo is a big opportunity thats gonna play out.
Ideally 15-20 Companies is more than enough. Less than 5% allocation will not make any significant difference at the Portfolio level. That’s what i feel.
