The mysterious shoulder injury shrouding Sehwag has prevented him from playing at the Mecca of the cricket world and at the same time ruling him out of the ICC Twenty20 world cup. Friends ,We are just two weeks away from end of the first quarter of the current fiscal and would have reached the half way mark for the year 2009 .As a rational investor , it is pertinent to offset idiosyncratic risk by conducting a midyear or a quarterly portfolio check up .The following comments of legendary trader Jesse Livermore would definitely ring a bell . "...the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions.”
A quick portfolio review would definitely have a significant impact on the returns for rest of the year . Indian growth story coupled with positive global cues have so far kept the momentum of the stock market intact ,albeit ,volatility at times pushed us to the limit .The indices so far has provided us with great respite after getting whacked in the year 2008 .I feel the economic environment of 2008 has converted everyone into prudent investing .There has been a paradigm shift in the investment behaviour ,no more overzealous garbage picking happening in the market .
"The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He doesn't even wish to have to think." ~ Jesse Livermore"
Snapshot of few suggested Parameters that can be adopted for a Portfolio Check up
Political Situation – National Neighbouring Countries Global Political Scenario Fiscal Deficit of the Nation Impact of Inflation , Currency ,GDP etc Economic Scenario | Emerging / Sunrise Industries International trade statistics / Balance of Payment Impact on Existing Holding Review Existing Holdings Re- assessment of individuals Risk levels Revision of expectations on return from the holdings |
Portfolio returns versus market performance Performance of peers Tax liabilities | Future Investment strategy Predicting Market Trends Play an active part in investment eco system |
DISCLAIMER
This blog should not be construed as investment advice, either on behalf of particular stocks or in regard to overall investment strategies. It is a site aimed at understanding competitive advantages and valuing businesses. The information provided here comes from publicly accessible sources, but errors in these sources and in transcription may occur. Any investment decisions you make should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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