Currently it is difficult for me to keep paints stocks considering few significant entries planned in this space.
I like Asian Paints, may enter again only if price will get down significantly.
Do you ever think, that high PE stocks like pidilite and Nestle , if Nifty debacle that happened in US in 1970, if it happens here, its risky to invest in such high PE stocks , but currently good quality stocks?
I was not very sure on itâs long term perspective. Share price still may rise, but with so much changes and govt control, i didnât feel comfortable to keep it for long term.
I generally avoid few themes, govt controlled entities are one of them.
Stocks like Nestle, Pidilite etc - provide stability to my portfolio. Till they maintain leadership and keep business growing, I feel comfortable keeping them.
Unless fundamentals change significantly, plan to keep it for long.
You have quite a few good names in your basket. Donât you think they might be the IBMs of the late 60s - where everyone believed no price is too high to pay. If you can, please do share your valuations for a few of your stock picks. And I mean numbers not the fundamental story.
I am aware few of companies I own, are high in valuation, but I also believe in their business leadership and feel valuations will remain high.
I donât expect them to be multibagger but decent compounders, and I am fine with that.
I have small satellite stocks where I may take little risk and look for good returns. But core portfolio - I plan to keep good fundamental companies, even if they are at high valuations.
Per Google finance graphs, I am able to keep my âStocksâ return above Nifty 50, for 6 Month and 1 year period.
Still very early and this is not my goal in anyway. Just sharing.