Its been a year since the start of Wealthy Opinions !!!
Thank you all followers who dedicated time and followed the blog. Also, I appreciate all you people's suggestions, support and kind comments.
On this occasion, I'll revisit all my past stock reviews and will discuss the current and expected market stand. Just to let you all know that one year got completed on 27th Sep., but I thought to review the performance from 30th September as it's a month and quarter end. Additional, please note that I was holding position in some of the stocks and have booked profits based on appropriate target prices. I might not come forward and recommend readers to book profit due to time constrains, but if anyone buys any stocks and would like to know more details on it, I would recommend the respective readers to leave messages or send me email directly.
Performance Review
Performance Review
The performance of some of the recommended stocks during the first 9 months of 2010 was poor in comparison to the broader market. Though its not right to compare the performance of all stocks recommended due to time lag (mainly last 6 months as this is very short period) and if you refer to my very first post you will see that my duration is medium to long term. But, because this being the first year I thought to include all the stocks, to make life easy for my readers to review all the past recommendations in one window.
Each of the company discussed or recommended is not only
leader in its field, but has fostered a desirable position through
efficient allocation of its resource.
The performance of these recommendations was a mixed bag on a individual level. The overall average for the entire set of stocks discussed registered a slightly loss (0.16%) but it is better in comparison to average return of all indices (down by 1.91%). Though one might call this as out-performance but for me and based on value investment principles which I follow, this performance has got less significance or importance, and as mentioned above, that the emphasis is not on short-term numbers or out-performance, rather the whole strategy is to buy a select group of good businesses when they are cheap and wait patiently as they compound cash at superior return over the long term. This strategy tends to generate short-term substandard returns, but our longer periods these stocks will continue to outperform the market and the vast majority of its peers.
Testing Times
The view is that the market might remain choppy in the near term due to reemergence of the Sovereign debt crises (EU) and also due to some bad numbers coming out from US, one of the biggest consumer in the world.
Readers are once again reminded of the overall risk of stock investing, which might result in substantial loss of capital or the other way round. As Buffett says, "The first rule of investing is don't lose capital. And the second rule is, don't forget the first rule."
Happy Investing!!!
The performance of these recommendations was a mixed bag on a individual level. The overall average for the entire set of stocks discussed registered a slightly loss (0.16%) but it is better in comparison to average return of all indices (down by 1.91%). Though one might call this as out-performance but for me and based on value investment principles which I follow, this performance has got less significance or importance, and as mentioned above, that the emphasis is not on short-term numbers or out-performance, rather the whole strategy is to buy a select group of good businesses when they are cheap and wait patiently as they compound cash at superior return over the long term. This strategy tends to generate short-term substandard returns, but our longer periods these stocks will continue to outperform the market and the vast majority of its peers.
Testing Times
The view is that the market might remain choppy in the near term due to reemergence of the Sovereign debt crises (EU) and also due to some bad numbers coming out from US, one of the biggest consumer in the world.
Readers are once again reminded of the overall risk of stock investing, which might result in substantial loss of capital or the other way round. As Buffett says, "The first rule of investing is don't lose capital. And the second rule is, don't forget the first rule."
Happy Investing!!!
Notes:
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