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vivekkumar_in
Senior Member
Joined: 19/Sep/2006
Location: United States
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Posts: 606
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   Posted: 16/Jun/2007 at 11:59pm |
Originally posted by monu_duggad
Sexy portfolio boss...i like ur confidence in holding only 5 scrips....!!
Do well !! |
Thanks Monu ji ! Special thanks to Omji & Basant ji for helping me get conviction to convert my major IT holding to other stocks that I hold for which I have already started seeing the benefit...
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 16/Jun/2007 at 1:17am |
| The reason I am holding Tv18 is because it is the best to play with good growth and an additional CAS kicker as it comes along. |
I guess your thinking is - NW18 alone won't adequately reflect this.
How on earth did you manage your cut your portfolio size to 5 stocks? I have been trying to achieve portfolio concentration from quite some time now - and so far, I've been successful in cutting down the size to 8 stocks! Getting rid of old favorites has been a tough one for me.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 16/Jun/2007 at 10:25am |
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SMart Cat: In the process of portfolio concentration it is easy to get out of the winners but the real pain is when we try to cut down on the losers! The hope (mera bhaav kab ayega) holds us back from doing the right things.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
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Posts: 4243
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Posted: 17/Jun/2007 at 2:01pm |
Portfolio concentration is the best money making lesson I have learnt on TED. I don't think you are stressing this enough in your posts! It is a myth that holding only 10 stocks will make a portfolio volatile. I track the performance of Equitydesk XI everyday and the way it handles volatility is brilliant.
Eventhough I am not as bullish on the three musketeers of TED (NW18, TV18 and Pantaloon) as everbody else, my portfolio is giving a good fight to Equitydesk XI (after I reduced the number of stocks in my portfolio).
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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Posted: 17/Jun/2007 at 11:50pm |
I track the performance of Equitydesk XI everyday
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Wow!
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Life can only be understood backwards—but it must be lived forwards
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vivekkumar_in
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 606
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Posted: 17/Jun/2007 at 5:56am |
Originally posted by smartcat
| The reason I am holding Tv18 is because it is the best to play with good growth and an additional CAS kicker as it comes along. |
I guess your thinking is - NW18 alone won't adequately reflect this.
How on earth did you manage your cut your portfolio size to 5 stocks? I have been trying to achieve portfolio concentration from quite some time now - and so far, I've been successful in cutting down the size to 8 stocks! Getting rid of old favorites has been a tough one for me.
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It is not that hard smartcat ji as it looked to me when I started..but is little bit hard from 20+ stocks.. Slowly over a period of 6 months or so I started to roll over stocks to my core stocks based on - conviction and price one by one.. I know 5 stocks ..is little bit scary for me too .. to see my portfolio in a single page in icicidirect without having to scroll down ... But I still have 10% cash & I will be bringing 1 or 2 more new stocks into my portfolio with that.. Nevertheles .. my top 3 still contribute to near to 60-65% of my portfolio.. and I know volatility is something I will have to face.. But I think I should be able to face that for the longer haul..
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 17/Jun/2007 at 7:42am |
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RJ has almost close to Rs 1000 crores invested in his top 3 stocks. That is 45% of his portfolio and we know how easy it would be for him to get out!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 17/Jun/2007 at 11:39am |
| to see my portfolio in a single page in icicidirect without having to scroll down |
This freaked me out too!
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