i have a core portfolio – and a small trading portfolio. The amount allocated to the trading portfolio has not changed in the past 4-5 years. Take a bow, Ratan Tata, Tata Motors back to the Jewel position in your crown…
In the recent past i had added Tata Motors (dvr), Cholamandalam Investment, Divis (a rare pharma scrip)…and at the same time considered but did not buy Sterling Holiday Resort, Mahindra Holiday Resorts, more Hero Honda (now Hero Motors), but did not buy.
Considered IDBI bank at 130…bought traded, sold…then got worried about performance and NPA. Happy to have sold – will wait for the next couple of quarters for the Npa to surface. A couple of other PSU banks also similar issues. In financial services will continue to stay invested in Hdfc, Hdfc bank, Cholamandalam – in my core portfolio..
Only psu i like has always been Ntpc..but now Nhpc looks good at 20…decent dividend yield…happy to have added Coal India at 310…it was a well priced issue at Rs. 300, so thought it a good buy when the market was panicking.
SOLD Coromandel Fertilisers and EiD parry (confusing fertiliser and sugar policies, but now at lower prices both may be worth buying back…but no call yet..still waiting for a buy signal. Considered RS Software – was not sure about the trading volumes and regularity…so did not do it. Still bullish on Oracle and TCS – the falling rupee helping them…
Still looking, adding, selling…adding more than selling..for sure. Not enough of screaming value buys though!
What returns am I looking for? am i buying because the market is going to run up? No clue whether it will happen.
The question I am asking are the following:
– is it a simple strategy
– is the downside risk limited to about 25% of the portfolio (fresh investments)
– can i handle the risk
– by 2017 will the index see 30,000 on the upside?
my answer to all the questions is YES.
I am not able to source good debt deals – 10.75% p.a. is what I got for a great company…and not willing to INCREASE my risk (luck?) beyond that.
A big broking house offered me debentures with yields of 15.5%….and I said….!!!
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