Booked loss of Rs. 1.8 Lakhs in my portfolio and exited from everything. Way too much slaughter in smallcaps to continue holding it. Have shifted all my money into just 3 companies – HEG, Ashok Leyland and ACE. I have few other companies in my watchlist but I think these 3 should help me recover my losses within 3-4 months time. Got confirmed news from few people that smallcaps won’t be giving much returns in 2018-19 year. So I exited. Now my entire portfolio is worth Rs. 9.5 lakhs only. Bought Ashok Leyland because of too much correction. I have Radico and Saregama in my watchlist too but won’t be entering in any other company. Let’s see what kind of returns I get in the months of June-July and August till next quarter results. I need to make Rs. 2 lakhs to recover all my losses which is approximately 21% returns. If I do that then I should be able to still manage 20% returns in 2018 which is comparable to a mutual fund performance but a lot of important lessons learnt.
Changes Made :
- Exited from all companies booking a loss of Rs. 1.8 lakhs
- Bought 1200 Ace, 2000 Ashok Leyland and 120 HEG shares.
As of May 26 2018, this is my portfolio performance.
|Company||Quantity||Buy Price||Invested Amount||Current Price||Percent Gain|
|Ashok Leyland Ltd||2000||145.7||291400||146.6||0.5|
|Action Construction Equipment Limited||1200||170||205000||170.80||0.5|