Shrivathsa's Portfolio

[Shrivathsa]

thanks shriva,

how do you manage to stay updated on all these counters? it's impossible really!
Just buy and forget?

Largely, I see the portfolio news on Google finance sometimes.

But, yes, you are right, it is impossible to keep track of 47, by next year end, I will cut this down to 25 almost equal weighted ideas and around 10 ETFs

I update the prices once a month, or so and then see whether anything has dramatically changed, for example, the Ladbrokes case of loss of some terminals, Tesco's dividend cut etc.

If it changes my short investment idea, very drastically, then, they have no place, get rid of it, profit or loss. This does not occur very often, about once or twice a year.

To give one example, RSA Insurance was one which I held for a while, the investment idea was that it offers a clutch of insurance which is at below book, then they saw a scandal in Ireland, i think, bottom line I was no longer comfortable, holding it, so, out it went.

Another example was Nordion, I held it and doubled up on the way, sadly they were bought out, so, while I did gain 50% on my investment, it was some way short of what I thought they would go to, the idea was they were trading at 7.5$ with cash of around 5. My thesis was that they could double. But, they decided to sell out at around 14.