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The newsletter has completed 108 issues, with its share of hits and misses. The stock market touched a lifetime high in Aug ’18 but has been undergoing a correction since then. Sensex gained 5.9% and Nifty gained 3.15% during 2018.
Mid-cap and small-cap stocks faced the wrath of bears. The 4 months long market correction/consolidation since Sep ’18 brought down most selected stocks from their peaks – affecting year-end performance. It is gratifying that subscribers have still kept faith in my stock picking abilities.
Those who have been regularly following my blog posts over the past few years may know what kind of stocks to select, and what type of stocks to avoid. The guiding principle is to choose well-managed, financially prudent companies that generate cash from operations, have low debt, give steady (rather than spectacular) returns and have growth prospects.
Non-subscribers may be interested to know how the recommended 12 mid-cap and small-cap stocks have fared during the past 12 months. Without revealing the names of the stocks (it won’t be fair to my subscribers to do so), here is a brief summary of performance as on Dec 31, ‘18:
- 4 stocks gained more than 20% from recommended levels, of which 1 gained 31% and 1 gained 78%
- Of the balance 8 stocks, 2 gained between 15-20%, 2 gained between 10-15% and 4 gained between 1.5-6%
- At close of Dec 31 ’18, 4 stocks were in the green; 8 stocks were in the red – of which 6 are down less than 9% and should make up the deficit soon, and 2 are down between 23-26%
- All 12 stocks touched higher levels after monthly recommendations
The selected stocks are meant to be held for 2-3 years. Over the next 24 months, the laggards are expected to catch up with the leaders. Also, stop-loss levels are suggested every month so that small losses don’t turn into big ones.
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