저자: VijayKedia · 외국인
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Vijay Kedia는 포트폴리오의 대부분을 중소형주에 두고 있으며, 부동산으로 패시브 인컴을 만들고 시장 조정 시 흔들리지 않도록 설계했다고 설명. 가이드 조언으로 30년 경력 검증 없는 구루를 경계하고 투자를 사업으로 접근할 것을 강조. 중소형주의 거품 우려에도 펀더멘털 좋은 기업 선별을 주문하며, 신규 투자자는 펀드로 시작하라고 권함. 대형주 비중은 낮게 유지.
다듬은 글
Most of my portfolio consists of mid- cap and small-cap in every big market. I keep on investing in real estate. You know, I take some money out of the equity and invest in real estate just to create an income. Just to create a passive income because I don't want to be dependent on the income of the stock market.
My only advice here is that you should not learn geography from a history teacher. If you choose a guru, then choose someone who has invested in the market for 20-25 years, in the sense that he should have experience. If you make a new person your guru, then why should he become your guru? If he is new and is earning money by giving you consultancy, then you will be doomed.
All these gurus are mere gurus. No guru is a guru. If you will treat it as a gamble, then it will prove to be a game for you. This is a means of earning money gradually, this is a business. This is not gambling and you will not become a millionaire overnight here. You can become one here, this is the process, like in a plant, like in farming, last investment I made six months back that was 0000 as per RBI rule now in April I can invest further 0000 on my personal account so maybe I may invest some % or something or % something in real estate so maybe between 85 to 887 and between 85 to 90 in equity and within equity what is the split of mid cap small cap stocks most of them are mid cap and small caps only actually I don't understand the definition of mid cap and small cap as per CV and exchange it is different but most of my portfolio consist of mid cap and small cap and what about your real estate exposure how did that come about what do you buy when did it start started in I think in 2000 it was 000 and something that was the first real estate beside my house which I Actually invested in that in every big market I keep on investing in real estate you know I take some money out from the equity and invest in real estate just to create an income just to create a passive income because I don't want to be dependent on the income of stock market so that is how it started and this you get rental income from ten properties so that I am free every time even if the market falls I am free it in fact I think aids to your risk taking ability yes exactly because I don't need money so if I don't need money and if I have surplus money like I am getting from dividend and I sell some shares I get some money so what would I do so I reinvest into the market and what about your investments in gold and silver how did that come about and how do you luck at gold and silver do you look at it as a diversify I but some this somewhere I started investing in gold bonds in the last three years.
I think so as I said that I just want to take some money out from the market like maybe suppose if I made ₹1 in any bull market for example so I just take ₹1 up and ₹1 up out of that just to create a passive income just to create a balanced portfolio so that is not a significant part of my portfolio in gold and silver just for you can call it just for fun and just for a balanced portfolio I am investing and winning how did your portfolio perform over the past year luckily everybody is a genius in a bull market so I was also a little smarter so maybe I have not played any role into this market has played all the roles so it is it has performed well but can give you just a broad range in fact I have not calculated but it may be maybe at 30 40 I don't remember my calculations may be the same as I get to know about my portfolio from media only I never calculate I never calculate my demat statement and all because all those things are imaginary only digital money you know so what media tells me I believe that must be near about correct and may be what ever and Vijay can you also tell us about your international exposure right now have you but anything because we saw the markets run quiet a bit and you were thinking about it so did you end up buying something on the international side yes I remember last time when I spoke to you I said that I am about to invest some money in international market so after that I just last year and may be one and half years back I invested in to you no tell myself ok I have some international exposure nothing to do with rupee depreciation and dollar appreciation and all just to like you can Call it a small challenge.
Okay, if I am buying some shares and stock, is it doing good? I feel happy. Okay, I identify with the international side. And maybe because the last investment I made six months back was Rs. 1000/- per RBI rule. Now in April, I can invest further on my personal account. So maybe I may invest some more money.
Maybe if you are holding on to any cash and you are fully deployed, how do you look at fully deployed? I never have cash in my career of more than 30 years. I don't remember if I have some expenses, like if I feel that maybe three months later I have to spend this much of money, it may be in some property.
And what ever it is, then I can create cash two to three months, four months in advance. You know, for some particular purpose, but usually Otherwise I don't I am an enemy of cash you know I lose my sleep one I have cash in my bank account and Vijay we know that you have you know made so much of wealth from mid small cap and micro cap stocks as it is defined conventionally but what is your risk management strategy do you go all in or all your bets high conversely you like to stagger your investments in the sense in the sense do you like to may be when you spot a multibagger stock potentially a multibagger stock so what you may be is you take small investments in the beginning and then build it up or you go all nothing all in or all in what ever money I have today in my bank account and what ever money I will buy the anta I will invest the anta that gives me happiness is that I am invested in the market and when I identify in the future but originally we don't know how it plays out so what you may be Take a smaller allocation of your portfolio and then build it up or how do you do it, that is not possible because now adage what happens, no, whenever I take any decision, people get to know about it, that is fine, it gets leaked, whether it happens from the broker or I don't know from where, I don't know, but my news comes to me in the evening, if I have some shares, I will take them at 2 o'clock, then at the latest I get the news at 3:00, at the latest after 15 minutes, someone called and said that you took this, so that's a problem, so I want to finish it by putting a circuit in one, two, three days, whatever I take, I am right, yes, now like the news, the market has become a little like this, that news comes, something or the other reaches from somewhere and Vijay, what would be your big advice for investors, now it has become such that on social media we have a lot of influencers coming in, a lot of people Many people give recommendations about stocks, even about SME IPOs.
So what will be your advice to investors? How should they deal with this? My only advice here is that you should not learn geography from a history teacher. If you choose a guru, then choose someone who has invested in the market for 20-25 years. In the sense, he should have experience. If you make a new person your guru, then why should he become your guru?
If he has just come and is earning money by giving you consultancy, then you will be doomed. All these gurus are frauds. No guru is a guru, so stay away from them. And secondly, consider this a business. My quote is that the market reverts you as per your perception. If you will treat it as a game, then it will prove to be a game for you.
This is a means of earning money gradually. This is a business; it is not a gambling den. And you cannot become a millionaire here overnight. Yes, here there is a process like farming of a plant, that should be followed and as you know everybody what is the outlook, but I would like you to understand that now you know there was a lot of talk about froth in mid and small cap, you know SEBI also said that there could be a bubble forming up, there were a lot of concerns and many people, especially retail investors, you know, see that if they can make money from mid and small cap, then they always look for those opportunities, so what advice would you give, should they continue looking at it and them because retail investors may not have the same ability and the same, you know the opportunity to invest and go back to big stocks, so how do they manage risk, first of all the froth is that suppose there are 5000 shares, mid cap, small cap, it is not like that, but there is froth in many pockets and you must have seen one of the froths, a month ago when the market corrected sharply, the index must have gone down to 1500 Point but the mid cap and small cap shares went to 30, 30, 30, 35, 40, they got purified, which we say that whatever was supposed to happen, got purified a little once, after that the market came back, such shocks are going to come again and again, such shocks will come within every six months, the way people have got excited, there is participation in the market, these people themselves bring such shock, so there is no need to be afraid of it, the simple thing is that the selection of shares should be right, you should invest in such a company whose fundamentals are right, in which there is no operation, no manipulation and that clear game, the promoter of the company or the company which is a clear cut company, fundamentals are good, future is bright, you should invest in it and my advice to new investors who are coming for the first time is that they should come to the market through mutual funds because it is difficult, this is not a game that you will learn by watching, if you had learned by watching then I want to ask you a question, like in your life, you must have cut your hair 400 times, you can cut your hair or you can cut someone else's hair, can you not cut it?
You don't have to learn by watching, you have to do it, then you will learn it. A new investor thinks that I have read this, read this, heard this, heard that and I can do it. It does n't happen like that. To swim in it, it is necessary for water to go into your nose and ears. Especially mid and small caps, with such a large volume, they operate at a very high volume of 30, 30, 40.
Large caps don't operate like that. So, you should understand how big a risk you are taking. There should be a balance in the risk, how much risk you can take. You should know that. One more thing I wanted to ask you is, are you planning to also look at some large caps, just give some stability to your portfolio, are you thinking like this or not?
I cannot sustain much investment in large caps because there is a lot of liquidity in them. In large cap, sometimes I understand that the market is going to go down, like two months ago, three months ago I used to think that the market will fall, if I had a large cap, I would have sold it, so saying this I do not invest much in large cap and I am happy in mid cap, right right right in small and mid cap and Vijay, as we were saying there is a lot of wallet in mid and small cap, so whenever I see you, you are always smiling, always happy, so firstly how do you keep yourself so fresh and how do you know what is the secret of your state of happiness, Kamne and also what is the secret of your health because you don't look as old as you are, no, I may be one or two years younger than you as far as age is concerned or if it is equal and as far as this is concerned, I have done this work my whole life, I have hit a shot at one place in life, which is called kicking at one place, so life has taught me that what can I do by worrying I will take it, if I worry and start crying and this falls or this sinks, then what is going to happen to me, nothing is going to happen by this, the market is going to play its own course, so it is better that I adjust my mind according to the market because if I get depressed and if suppose I get affected by the market falling, then my next decision will be bad, so it is very important for me to work, so I have said many times that investing is like yoga, like yoga, mind, body and soul have to be aligned together, so there should be only one thing with the whole soul, ah, I like this, I have taken this for the long term, I don't know how many years I will keep it, I don't know at what price I will sell it, that is not my target, now sit with it, just like the owner of the company is sitting with it, he is the promoter, similarly I will also sit with it, whether it will fall or increase, I see this every year, every time, every day, so how many times will you die for the same thing brother, so you do follow yoga and any other physical practice, ha ha, I do yoga, a little bit of slimming and I also meditate a little bit.
I try to make myself a better person, it is not happening but it is a process, it is work in progress, great victory, thanks a lot for joining us, today it was played
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