My Latest Stock Portfolio Update

In: Investing| Stock Market

22 Feb 2009

I must admit that I’ve made a mistake in the past. I realized the power of a bear market only after the October market crash. And I’ve learned a lesson from the crash: "There is absolutely no limit on the downside for a stock". Since then I always want to reduce the number of scrips in the portfolio. There were 16 scrips in my portfolio and now I’ve reduced the same to 10 scrips which I would hold even if the stock markets were to shut down for an indefinite period.

It includes:

  1. DLF
  2. HDFC Bank
  3. Larsen and Toubro
  4. Jaiprakash Associates
  5. Reliance Capital
  6. Reliance Communications
  7. Network 18
  8. Suzlon Energy
  9. Unitech
  10. Reliance Infrastructure OR ICICI Bank

The six scrips which I’ve dropped are Indiabulls Financial, Indiabulls Securities, KEI Industries, Reliance Industries, Reliance Petroleum. I exited the Reliance Industries & Petroleum as I prefer ADAG to MAG when it comes to growth. I exited the other stocks, namely Indiabulls & KEI Industries) as they aren’t liquid stocks and they don’t move in the direction of the market. But, still I’m trying to reduce the number of scrips to SEVEN (7) but I like all the above stocks and their businesses.

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2 Responses to My Latest Stock Portfolio Update

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GregR

February 25th, 2009 at 01:37

True the market knows no bottom, especially after yesterday. I think there is a ton of money on the sidelines at the moment waiting to see what is happening.

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Mahesh Mohan

February 25th, 2009 at 01:54

GregR,

Yeah, even today I heard an Investment Guru commenting the SENSEX bottom is at 5000. Someone has rightly said. Nobody knows that market but everyone has his/her opinion about the market.

- Mahesh

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