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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 5966
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   Posted: 07/May/2007 at 10:42am |
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Very important points, both Vipul jee and Investor jee. Thanks
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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deepinsight
Senior Member
Joined: 18/Sep/2006
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Posts: 980
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Posted: 12/May/2007 at 7:50am |
Orginally Basant: " So for 4 stocks the ideal (weightage) is 25% for 3 it is closer to 33%. That is my concept of getting diversification in concentartion."
Basanjee: Would you periodically (and how frequently) rebalance based on how expensive the stock has become?
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"Investing is simple, but not easy." - Warren Buffet
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deepinsight
Senior Member
Joined: 18/Sep/2006
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Posts: 980
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Posted: 12/May/2007 at 7:52am |
the key learning so far:
If stocks become expensive and the plan is long term then hold.
If new monies become available- buy the value part (cheaper) of your concentrated holdings.
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"Investing is simple, but not easy." - Warren Buffet
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 12/May/2007 at 9:45am |
Originally posted by deepinsight
Orginally Basant: " So for 4 stocks the ideal (weightage) is 25% for 3 it is closer to 33%. That is my concept of getting diversification in concentartion."
Basanjee: Would you periodically (and how frequently) rebalance based on how expensive the stock has become?
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I try not to balance it because of arithmetical reasons but only for fundamental ones. For example if Pantaloon and Tv18 have equal PE's and the former is running on higher growth then it would make sense to shift a bit out of Tv18 into Pantaloon. But even if Tv18 is cheap and it reaches 40% of my portfolio I would not like to switch between the two!!!
It is better to balance the portfolio on fundamental reasons rather then follow a mechanical process for the same. 
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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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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
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Posts: 1615
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Posted: 25/Jun/2007 at 8:01pm |
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opportunities ke upar sare quotes yaad a rahe hain:
Opportunity is often difficult to recognize; we usually expect it to beckon us with beepers and billboards. ~William Arthur Ward
Opportunity is a bird that never perches. ~Claude McDonald
Opportunity is as scarce as oxygen; men fairly breathe it and do not know it. ~Doc Sane
Opportunities do not come with their values stamped upon them. ~Maltbie Babcock
Nothing is so often irretrievably missed as a daily opportunity. ~Marie von Ebner-Eschenbach
I was seldom able to see an opportunity until it had ceased to be one. ~Mark Twain
Seize the opportunity by the beard, for it is bald behind. ~Bulgarian Proverb
If opportunity doesn't knock, build a door. ~Milton Berle
Opportunities are never lost; someone will take the one you miss. ~Author Unknown
I held a moment in my hand, brilliant as a star, fragile as a flower, a tiny sliver of one hour. I dripped it carelessly, Ah! I didn't know, I held opportunity. ~Hazel Lee
The follies which a man regrets most in his life are those which he didn't commit when he had the opportunity. ~Helen Rowland
When written in Chinese the word "crisis" is composed of two characters - one represents danger and the other represents opportunity. ~John F. Kennedy, address, 12 April 1959
Opportunities fly by while we sit regretting the chances we have lost, and the happiness that comes to us we heed not, because of the happiness that is gone. ~Jerome K. Jerome, The Idle Thoughts of an Idle Fellow, 1889
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
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Posts: 1615
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Posted: 25/Jun/2007 at 8:14pm |
yea .. never thought that way... People regret that they missed infosys, indiabuls, unitech etc ..while tv18, educomp, pantaloons were right under their eyes... its up only 8% or so...
i missed educomp at 500 because it was locked for 2-3 sessions while i was plannin to add it.. waiting for it to drop 10-15% i lost it forever ,
same with a lot of stocks...
A good stock will remain to be a good stock even if it hits circuit(lower or upper) on a given day...
now i can either find another stock to replcae yes bank(build a door) or add it despite of the fact that my buying price is 8% up..atleast i wont regret 1 year down the line when yes bank would be at 300 or so that i missed it at 170 
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 25/Jun/2007 at 8:25pm |
Well Tyler,
I believe there are always opportunities in the market (e.g I added some Dish TV when it was at 130 and I wished I could buy at 100, and look it is around 100 now !!)
As someone has said, there is no price too high to buy and no price too low to sell a stock !!!
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India_Bull forever Bull !
www.kapilcomedynights.com
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tyler_durden
Senior Member
Joined: 24/Oct/2006
Location: India
Online Status: Offline
Posts: 1615
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Posted: 25/Jun/2007 at 8:33pm |
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“Opportunities always look bigger going than coming”
who knows dish tv might be 160 in coming few weeks and yes bank at 140 ??
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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