My portfolio is mostly small and mid cap, I built it by tracking large investors and then doing my own research on financials balance sheet and ratios. Unfortunately when I started building my portfolio in October 2017, I hadn’t discovered Value Pickr Forum so couldn’t calibrate my investment rationale with the excellent & mind boggling financial analysis done on the threads here.
I have read the book Black Swan. And I fully believe that a lot “rides” on luck (besides IQ/stock research etc). In 2012 I had some excellent picks in portfolio. But I never anticipated Modi will get a majority because the AAP wave was very strong. At best, I was thinking a hung parliament. I sold out with minor profits thinking I would buy again when market crashes at hung parliament & so I missed on a huge rally.
But in 2017, I knew that markets were all time high yet I didn’t want to miss the rally at any cost, high FOMO.
Due to his first term performance Modi’s likelihood of returning was high, so I bought some stocks in the anticipation of Modi 2.0 victory. Modi won with majority yet again, my hunch was right. But this time only black swan after black swan in mid caps since then.
IL&FS collapse, skeletons of corp governance issues, Essel group, DHFL, NBFC crisis, Mutual fund realignment, extremely bad budget. Mid caps and small caps have been battered consistently since 2018. And now another black swan.
My portfolio is now down 46% taking into account the Corona impact. Although its a good time to average but need feedback because I have made mistakes…some impulse buying & some cloning.
Attached is my portfolio summary. Humble request for a feedback.
IcyHot Portfolio.xls (33 KB)