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Tuesday, 26 February 2013

Buy when there is blood on the streets

If I reflect back on the last 12-13 years that I have been investing, I see that I have made a significant amount of money when I have bought when there was the proverbial "blood on the streets". I had bought around 2002-03 before the bull market really started (that was more of good luck that a well laid out thought process in action). I again bought right through 2008. And I am buying now as well. I think the "CNBC public" get too swayed by what gets reported. A couple of months back, things were so rosy and now suddenly all mid cap and small caps are collapsing!!

I think it is a good time to look at deep value large caps, good solid mid caps and some adventurous small caps. I am buying small quantities of Unichem Lab, Finolex Cables, Deepak Nitrite, Kaveri Seeds & PI Industries.

Another suggestion - IGNORE ALL TV PROGRAMS ON THE BUDGET!! They add nothing to your investing knowledge or expertise and just create a large amount of noise in the system.

Disclosure: I am interested and invested in all the stocks mentioned in this post. Please due your own due diligence before investing.

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