Beginnings: I started investing in the year 2019 with 3 lakh capital. In the beginning invested in companies like yes bank, dhfl n many more(didnt loose much)(but learned alot about the market).
After this horrible start started reading books on investments (read peter lynch/warren buffet/books by saurabh mukharjee n many more) saw many videos on youtube (mohnish pabrai/warren buffet lectures/rakesh jhunjhunwala n more) and begin by 2nd phase
Second phase: invested in the likes of
HDFC bank: (still holding it till now) First invested during the covid phase around 750 and kept averaging it. Today almost 14% of the portfolio with avg price around 1300(approx). Rational at that time was best bank of india, conservative, good management(and the line from aditya puri which got me to invest was when you see other banks are without clothes we will be the one just without the shirt)(something like that)
KOTAK Bank: read a book on kotak bank by R gopalakrishnana(early 2021) n bh the time i finished had a small position in the bank. Over the years got to know a few things about the bank and past valuations n was available at life time low valuations added more over the years(now almost 18%) of the portfolio. Havent done much in the last 3 years(hopefully will do better in the future)
MOTILAL OSWAL: invested when stock was around 750-800(pre-split 1:4) kept averaging it still 600 odd levels. Rational at that time(after hearing some mohnish pabrai videos) was market cap 6500 cr cash in books was 5000cr(investments) so the company was available at 1500cr. Todays is my largest holding(almost 35-40% of the portfolio).
MANKIND PHARMA: invested in the IPO got the allotment still holding it till today. Rational was the only pharma company whos products i could understand n was using(pun intended). Got my conviction from a podcast i saw on youtube(beer-biceps one) n liked the promoter.
Small positions:
a. NESCO: started buying around 800 odd levels n company very quickly went past 950 odd level. Found the company at reasonable valuation (had cash n no debt).
b. Restaurant brands asia: bought some at 96-97 odd levels n within few days went above 110 now at 104-105 will start buying again. Rational was whole company was available at 5000 cr mar cap was cheap compared to sapphire/devyani/westlife/jubilant.
c. Other small investments: Royal orchid hotel/ HDFC life/ Radiant CMS/ Tarsons/ Stovecraft
I think in a bit heavy on financial. But i cannot find anyother non-financial companies at reasonable valuation that i can understand.
What are you thought? Anything will be of great help.
Thankyou guys in advance(hope somebody will ready)
As you are reading books, there is no way you will not succeed. Any individual investor reading good investment books will certainly succeed in the market [we cant say that for professional investors as they have to take care of many other things]. I don’t know any successful individual investor who does not read a lot, and don’t know any unsuccessful individual investor who reads a lot. Keep on reading.
Yes, your portfolio is tilted towards finance; but in the present scenario, it is good. In a falling interest rate scenario, financials do well generally.
Key is use book knowledge
Get good picks from Valuepicker forum
Understand business and invest
Do it in all small cap
You will succeed
Just you need to read and understand business and current scenario
Avoid those what don’t. Understand
Most important at the end of today business should go towards creating good business , going debt free , adding money to reserves, good profit oriented ( mainly companies should work being toward fundamentally strong) also capex or should healthy debt
Or
It should be like defence oriented or ev oriented , etc
This is only journey to 100x
Rest company story will tell ,
You will get to know 2 3 years
If you hold good stock ,then hold it for long term 10 15 years
Instead blantly saying that you don’t like the stock, help him to understand why you don’t like and give your perspective in detail, otherwise it’s of little to no use to him
I guess everybody has an investment style
N i guess my kinda game is value picks.
So i can only see value in financials atm( i cannot buy stocks at 80-90-100 pe).
Im comfortable holding a hdfc bank for the last 5 yrs tho it has done nothing and im even comfortable holding it for the next 5yrs even if it does nothing. (Reminds me of a warren buffet quote “u will be buying groceries tomorrow,next week, next month n so on so u want prices to go up or down”)
started with 3 lakh but now its close to 40
Still small hoping to get it to 1 cr in the next 3 yrs (fingers crossed)
A brief history:
My first multi bagger (2x) was reliance industries(kept last 1 stock just for memory sake)
Found few other 2x like infosys, hdfc amc(have a thing for hdfc grp companies), itc was first 3x,
Idfc bank another 2x.
Kept adding few more bucks here n there n saving more so can add more
Almost have 17-18% cash reserves atm
