Investment Journey: Discovering Financial Markets and Making Informed Decisions
Embark on an insightful investment journey exploring savings, mutual funds, equities, and scuttlebutt. Learn about strategic buying and selling decisions, leveraging industry trends, and the significance of management quality. Gain valuable insights from interactions with promoters, business heads, and concalls, shaping your investment approach."
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Presentation Transcript
INVESTMENT JOURNEY VP -2019, GOA NARENDRA
Beginning Concept of saving/finance Initially started as FD&RD Mutual funds for 2-3 years Slowly started reading about equities
Initial steps Vakrangee DHFL First stock: Next : Reading Economic Times: value stock-NMDC Investing based on PE ratio Misunderstanding of great quotes Experience with Kaveri seeds and SKM eggs 2015: came across VP forum: didn't believe it for few months.
Teaching at home!! Finolex /Sintex- realised power of BRAND Clue to look at finance companies Bajaj finance Incident which made me to buy local scuttlebutt
2016-17 Realised that I have to look forward than what happened with company in the past (August 2016) Shiva texyarn story Started giving more time from later half of 2016 Active participation on VP/readings Following VP seniors/cloning portfolio/following posts
Scuttlebutt!! VST tillers- farmers feedback GMM pfaudler- local service guy Wonderla- feedback from Chaiwala Distributors and customers- Bajaj finance, STY Plant visits- Ador/Balaji amines..etc Meeting with promoters and business heads
concalls Many companies in same sector Gives an idea about industry trends: sugar, pharma companies. Helps in selling decision: who is better than management in signalling irrespective of valuation No of analyst participating/duration of con- call/confrontation with management. Saves time for me!!
Buying decisions Growth oriented Not consider PE Importance to management quality Limited players VST tillers(aware of limited size also) Edge in the process of manufacturing- Fairchem. Sector tailwinds, Govt policy changes
SELLING DECISION: Govt regulations: Hospitals Misallocation of capital- kovai medicals -medical college. Balaji amines-hotel business Con-calls- look for subtle clues Change in trends: reasonable easy for me to take decision by looking around Data consumption helped in exiting ENIL Manpower supply to Auto industry What I/family members buying
Key learning's Clear identification of business driver Not to get overexcited by growth in new division VST ltd- tillers v/s tractor division Shemaroo traditional v/s new media Avoid company with unrelated diworsification Ador fontech- 3D future technology cyclicals: earnings growth not to reflect on stock price(?depend on market sentiment) Paper companies Sugar companies Not to overpay!! Paid enough tuition fee
Key learnings Repeated mistake with same stock Averaging down: gone horribly wrong!!! Started looking for previous support levels. Averaging UP most important for me Asses quarterly results Industry continues to have tailwinds Data/information to add further
BOOKS What I have read FIVE RULES OF PAT DORSEY RICH DAD POOR DAD ONE UP ON WALL STREET Tried reading other books
FUTURE Buy at appropriate price VALUE of business Sit on cash Better understanding of financial statements/ratio Am I making return from my own picks Find another Bajaj finance!! Managing Health/Family/Profession
