I had on the eve of Diwali posted about my portfolio and performance and promised an update in 6 months. So here goes - The market has c moved 2.37% in 6 months. Whew that is proof of the discussion I was having with my wife and she was cribbing of how its tough to trade in the markets in the last months with even seasoned traders struggling to get a grip on the movement. My view was that there was sideways movement with random volatility and this is proof of that. Anyways, my personal portfolio has increased by 5.66% while for the first time I think my Mutual fund portfolio has beaten both my portfolio and the market by clocking in a 7.48% return.
I had identified shipping, hotels, agri inputs and some specific stocks as inputs. I have actioned on those. Missed out big time on a specific stock I had identified in consumer side and a pick on the financial services I think I have entered at a wrong time. Else I am fairly happy with my picks and I should see better returns.
I am at a loss for themes and stocks now. Looking at a certain area but haven't managed to research it well. I am still unsure of infra or power and I think the execution risks are still underpriced.
Showing posts with label Portfolio performance. Show all posts
Showing posts with label Portfolio performance. Show all posts
Tuesday, March 23, 2010
Saturday, October 17, 2009
Portfolio update
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.
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.
Saturday, December 1, 2007
Analysing my investment performance...
Although I regularly track my portfolio and juggle around my portfolio, the last 10 weeks I have actually monitored it closely since I am trying to decide if it is worth spending time on research. Every stock pick I do takes me anywhere between 8-10 hours of research and digging that much time these days is becoming a fairly difficult, with the increasing work load... so what are the results...
During this time the market ( defined as Nifty) has given a return of 17% ( all return figures are absolute and inclusive of transaction charges - not taking into account any tax which needs to be paid if i book profits now)
I have a mutual fund portfolio, which is probably 3.5 to 4 times larger than my stock portfolio and that returned about 19% during the same period.
My stock portfolio on the other hand has returned ~37% during the same period. This is post the entry costs... So my own stock portfolio is doing better. But wait, the risk profile is not the same across these 3 things. While Nifty is mostly large cap, my MF portfolio is a mix of large cap, small cap and some minuscule debt. On the other hand my stock portfolio is more of mid to small caps... so based on risk return equation maybe they are all running their own races well enough. I think come new year, I will re jig my MF portfolio, there are some laggards and shift the money to better options.
But still, is it worth doing my own stock picking, I think I will keep trying this for another year or so, see the results and then decide... I will update this in about 2 months time again... so keep coming back.
During this time the market ( defined as Nifty) has given a return of 17% ( all return figures are absolute and inclusive of transaction charges - not taking into account any tax which needs to be paid if i book profits now)
I have a mutual fund portfolio, which is probably 3.5 to 4 times larger than my stock portfolio and that returned about 19% during the same period.
My stock portfolio on the other hand has returned ~37% during the same period. This is post the entry costs... So my own stock portfolio is doing better. But wait, the risk profile is not the same across these 3 things. While Nifty is mostly large cap, my MF portfolio is a mix of large cap, small cap and some minuscule debt. On the other hand my stock portfolio is more of mid to small caps... so based on risk return equation maybe they are all running their own races well enough. I think come new year, I will re jig my MF portfolio, there are some laggards and shift the money to better options.
But still, is it worth doing my own stock picking, I think I will keep trying this for another year or so, see the results and then decide... I will update this in about 2 months time again... so keep coming back.
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