This is my first post to this wonderful forum. Have been a regular reader and this has been a great learning source. The detailed research and discussions adds a lot of perspective and helps me make an informed decision. Also its been an excellent source for finding flaws in our investment rationale.
I believe the biggest hall-mark of a Long term investor is a strong conviction in your Portfolio. This forum has provided me that source to learn from experts in building conviction.
Below is my Portfolio with holding % based on Current market prices. Will greatly appreciate all comments and suggestions! Thanks in advance!
A very good set of businesses. However, you should have a more focused portfolio with proper allocations. Allocating less than 10% of portfolio to a high-conviction bet is hardly meaningful. With the quality of businesses in your list, I feel you have decent skills for stock picking. Hence, in my opinion you should concentrate upon 10-15 top bets to get better returns An insignificant allocation to 25 odd companies would be much harder to track and would probably give mediocre returns in long-term.
Disc: Invested in Meghmani, Virinchi and Nandan Denim. Sold PEL, Capital First in last 6 months for better opportunities.
Im working on consolidating my portfolio and increasing allocation on top bets.
Personally come across a lot of promoaing bets and for want of time to develop strong conviction and also not having lumpsum money to allocate put in a small position in the stock. Havent really been able to trim to below 20 due to this factor.
Due you see Capital First and PEL outperforming markets in long run? I see them as excellent well managed businesses and holding them with ultra long term view.
I have made quite a bit of shuffling in my PF. But still struggling with allocation. I still have around 25 stocks in my PF. I have made a plan to reduce it to around 15 and I’m working on reducing them as and when I get good rates to exit the stocks identified for sale. Can experts help me identify gaps in my allocation and suggest ways to build a more concentrated PF.