I am an active investor - try to stay invested in the long term and have 2 portfolios - one a mutual fund portfolio and the other an active stock portfolio. I have in the past updated about the progress, so on the threshold a Samvat 2066 an update how both did over the last Diwali to Diwali period.
My MF portfolio has gained 93%, while the stock portfolio is up 137% - I have always maintained that my stock portfolio has a higher Beta than my MF portfolio since the stocks I track are usually mid caps, high growth, high risk stocks, while my MF portfolio is more balanced. So the higher return is good. ( slight technicality - I havent adjusted both for dividends received - so these numbers are off by that- but I dont expect the result to alter drastically)
I enjoy investing and some day hope to invest to make a living. I think I haven't spent the kind of time I usually like to do before I invest in a stock. And I am getting better at building a pyramid on the stock and also not jump when I see huge price movements. Watching stocks one picked go down by 70% was gut wrenching but believing in the company and averaging has helped my portfolio to creep close to good gains. This gives me confidence in my stock picking. I still need to experiment with larger amounts of capital ( more to see my behaviour when the market tanks - I want to understand how I will react).
My themes for the next year - Agri inputs, Hotels, Shipping and a few stock specifics. I am getting concerned with the infra, banking and power sector valuations. I have no clue about pharma and have a slightly vague view about auto ancs and IT. Keep a watch, will post a 6 month review.
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