Buy & Hold

So here is how my portfolio is doing right now. Not too bad !!! I know the markets are very volatile at the moment and know that a good correction is due anytime time though I am not looking at selling or rebalancing my portfolio at the moment. I am feeling comfortable with the direct equity exposure as these are select few scripts chosen over period of last 18/24 months. These have been bought with long term targets viz. at least 5 years or so.

For example, I intend to sell Yes Bank only in 2010 onwards when their branch expansion (150 from 40 Currently) will be achieved or sell NTPC only in 2012 or so when their capacity expansion plans (doubling from around 27K MW currently to around 50K MW) will be achieved. But then, I may not sell at all if they continue to do well and I gain further understanding of the businesses. Similarly, I have no set target for Reliance, Infosys & Mindtree. I may not sell any of my holding at all. Companies like Infosys & Reliance have been generating substantial wealth for shareholders year after year. Force majeure situations at personal front, will of course, make me review this stand.

So this is my very simple buy & hold strategy. Or let me say that I don't purposefully want to learn 'when to sell', for now !!!