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Khan
Senior Member
Joined: 03/Oct/2008
Location: India
Online Status: Offline
Posts: 241
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   Posted: 27/Apr/2010 at 1:28pm |
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Besides all the excellent discussions and insights I have benefited from the advice to read "The Intelligent Investor".
Recently I was invited by the University to discuss the course outline for the next year for MBA class. I made the suggestions for students of portfolio management to read this book and they decided to purchase copies for all the students.
Personally I am trying to bring discipline to my investing. I have stopped selling stocks and continue to hold them since I don't need the cash now. I however find it difficult to reduce the number of my holdings and to create a concentrated portfolio. If there is a limit to hold just 3-4 stocks, you need to sell everytime you have a better opportunity. And that is not good from tax perspective. Any advice on this?
Edited by Khan - 27/Apr/2010 at 1:32pm
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If you do what you've always done, you'll get what you've always gotten
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abhishekbasu
Senior Member
Joined: 07/Sep/2008
Location: India
Online Status: Offline
Posts: 335
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Posted: 27/Apr/2010 at 1:40pm |
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Excellent thread!!
I came to TED after reading about it in Outlook Money. It coincided with my completing 10 years in the market, the last leg of the bull run, the massive bear market and the subsequent "V-shaped" correction.
In addition I also started reading a lot of great books on investing. I sat down and did a post-mortem of my investing/trading activity of the last 10 years.
TED helps mainly as a forum where a lot of people interested in the equity markets track their stocks. It helps me to be updated with the developments in particular companies which I am interested in but do not have a position in yet. Reading a lot of the posts, I have developed a sense of respect for quite a few members. There has been immense personal learning from TED.
Kudos to Basant for creating such a beautiful platform on the journey of creating wealth. Hope the journey continues....
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Khan
Senior Member
Joined: 03/Oct/2008
Location: India
Online Status: Offline
Posts: 241
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Posted: 27/Apr/2010 at 3:22pm |
My reason for joining TED was the same.. also evident from the joining dates.
Originally posted by abhishekbasu
Excellent thread!!I came to TED after reading about it in Outlook Money.
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If you do what you've always done, you'll get what you've always gotten
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bijoy_ajj
Senior Member
Joined: 07/Oct/2009
Location: United States
Online Status: Offline
Posts: 184
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Posted: 27/Apr/2010 at 6:17pm |
 .... I gotta meet you some day.. Thanks 4 the reply..
Originally posted by basant
1) If you think of betting around 15%-30% of your portfolio into a single stock you will give many a stock a pass. The idea is not to be smart (make money from every company) but to create serious long term wealth. So if someone comes up with a buy on ABC I ask myself whether ABC is worth x percent of my portfolio and depending on the answer I act.
Plus I do not invest in cyclicals unless they are very cheap as they were in March 2009 or in companies that are not in dominant positions within their sector so that removes many a company from the investing radar.
2) We will leave that to a private discussion some day when and if we meet.
3) Almost zero to negative. I am leveraged for my basic needs and pay that off if I see that any of the stocks that I own has gone up a lot or when I receive my dividend check. Generally I have stopped being leveraged for investments but do use it for basic short term needs. Unfortunately I do not follow the theory of having 6-12 months expenditure in cash.
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bearish
Senior Member
Joined: 02/Nov/2009
Online Status: Offline
Posts: 168
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Posted: 10/May/2010 at 6:22pm |
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i keep reading on ted about how india is what america was in the 1960's. this rationale is used by many here. could there be some explanations and examples from the same?
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SidM
Newbie
Joined: 02/Sep/2010
Online Status: Offline
Posts: 15
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Posted: 08/Sep/2010 at 7:23pm |
Basantji,
You are not only great investor but excellent human being. I have not met with any person being so humble and wanting others to gain through your knowledge/ discussion. Sir, I would say that, you are not one who only speaks, but allows your's stocks' returns to speak.
There are also genius investors in this forum, salute to all of you.
PS: BTW, I have met you in one of the family function, and have discussed with you all but how to look into company/ words of wisdom!!! .
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 08/Sep/2010 at 8:35pm |
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Hi SidM, Thank you for your kind words. I am overwhelmed.
Could you indicate as to where we have met because for some strange reason I am unable to place you.
What do you do otherwise?
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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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ravi
Senior Member
Joined: 26/Nov/2007
Location: India
Online Status: Offline
Posts: 100
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Posted: 08/Sep/2010 at 8:39pm |
I chanced upon this site when my dad was searching for excellent sites dedicated to stocks in 2008! Learnt a lot since then from TED and Investment books, met Basantji in 2009 Dec. Personally the kind of knowledge or the (explosion of cognition)! (used in his book by Robert Hagstrom) of Basantji and yours truly merits mention. I am as good as seasoned investor by now!
My investment philosophy can be summarized as a focus portfolio of holding 3-5 companies with superior economics and a good management generating above average rates of return with main emphasis on reduction in stock turnover and taxes. With a holding period of atleast five years a significant and a forceful compounding takes place. With a little knowledge in numerology and occult sciences I have been doing well!
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