Actual Question:
Which Indian stocks would you keep
in your portfolio forever, starting from April 2017?
Answer:
Dear Friend
A very interesting and valuable question.
My guru, Warren Buffett repeats again and again that buying
stocks is like buying the entire business. You don’t start and sell your own
business with every movement in the price of the stock on the stock market. He also
says that if a stock is not worth keeping for the lifetime, it should not have
been bought in the first place.
Now let us address your question.
All the stocks listed in my academic portfolio, ‘Portfolio 2K15’ , except NTPC and SBI, are very
good and worth keeping. Kindly note that for the past two years since starting
this portfolio in February 2015, I have not sold a single share. However, my
real darlings are:
- NMDC Ltd.
- Hindustan Zinc Ltd.
- SJVN Ltd.
- Rural Electrification Corporation (REC) Ltd.
- Power Finance Corporation (PFC) Ltd.
- Great Eastern Shipping Co. Ltd.
I think I will keep these stocks forever, unless something
fundamentally alters the situation like change in ownership/ management,
M&A , etc.
Related:
In conclusion every stock in which we have made an investment should be worth keeping forever, but out of the 15 odd stocks of our Portfolio 2K15, six are certainly my darlings and they are worth keeping forever.
Thank you,
With Best Regards,
Anand
