how to rebalance my portfolio?
i m buying only stock which is at 52 week high stock.
I am making portfoilo of 15 stocks max investing equal amt. in all scripts.
1st i sort the stock which gave more returns more than benchmark( nse smallcap 250).
2nd step i sort the stock which is near to its 52 week high.
then select top 15 stock.
if the stock ranked below 30 than i removed from my PF.
Is this right way of rebalancing ?
ANY SUGGESTIONS
Difficult to comment without having the names of the stocks which you intend to buy. Put your rationale for the buy decision. Btw, buying a stock which is at 52 week highs that to in an all time high markets is a high risk game. Consider the valuations and fundamentals of the stock before buying.
Adding Sameerji, whenever in confusion I remove the scrips giving negative returns since 2 qtrs and which are having less than 2% of my portfolio. Then take a fresh look and proceed.
