My investment cost is 22x expenses, but that gave no comfort in the downside, it was bare minimum threshold. The corpus at start in Sept 2017 was 15x (which is why I got serious enough to try but failed then) and the rest 5x got added in Oct 2019 and over 2020. I had already decided enough was available in Jan 2021 when 45x level was achieved. Sensing that the overall valuations were reasonable and the trend was strong enough to keep the level rising to add comfort.
13 Likes