Tuesday, September 02, 2008

Portfolio Performance [Update #3]

Changes :
1] Added position in Eastern Silk
2] Reduced position in ICSA
3] exited from Agro Dutch at a loss ( Company had a high debt and I had invested inspite of this fact)

Learnings :
1. Say not to companies with debt.
2. Do not expect any company to turnaround easily
3. Do not buy stocks just because you have money to spare. Buy only if you find a great opportunity. Having money in your bank account is better than losing money in stocks.
4. Limit your holdings to 5-6 companies. I do not have the time nor the resources to keep tracking each of these companies.
5. Do not spend more than 12 hrs per month on stocks. I have more important things to do. Invest the time in improving myself.

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