Portfolio Tracker is LIVE. Please Log In...

Dear Valued Member:

Just a short while ago, we took a major step in our post ransomware recovery process.

Here goes...

We have gone LIVE with the Portfolio Tracker. With all your data intact.

Yes, we have restored the portfolio tracker service for you, dear reader.

This was made possible with support from our partners in the US.

I now invite you to visit the Portfolio Tracker and access all your reports as you normally would.

https://www.EquityMaster.com/portfolio

If you have any questions and comments related to the Portfolio Tracker, as always, just drop us a line at info@equitymaster.com and our team will look into it right away.

Before I sign off, I want to address the point about integrity of our data going forward.

You see, while we had what we believed to be the best-in-class systems to protect our systems and data, we still suffered from the targeted ransomware attack.

Clearly, we need to do a lot more.

You have our commitment that we are doing everything that we can do to make our systems safe and secure.

Finally, I know that the fear of ‘loss’ of your portfolio tracker data caused you a lot of anguish.

On behalf of the entire team at Equitymaster, I apologise for the same.

I hope, as in the past, you will continue to visit Equitymaster for honest and credible opinions on investing...and, for tracking your stocks and mutual fund portfolios.

Warm regards

Rahul Goel
CEO, Equitymaster

NASDAQ is one of the most trending topics on Twitter today.

The tech index was down 4% yesterday, making April 2022 the worst month for it since October 2008.

Amazon, one of the tech heavyweights was down 14%, wiping out nearly US$ 200 bn in one day flat.

Things are not looking good there with experts expecting a lot more pain to come.

In fact, things could get ugly here in India as well, especially when it comes to 'new generation' tech stocks.

Although I dont want to be a fear monger, being watchful of the underlying business quality and being disciplined about valuations is more important now than anytime in the recent past.

Good quality stocks may go down with the overall market but have the potential to bounce back and emerge stronger.

Can't say the same thing about poor quality stocks that haven't made any profits so far.

So do steer clear of bad quality and exorbitant valuation multiples.

Hi Guys, I'm sharing an Invitation to attend my 10X Project scheduled for 10th May at 5 PM. Click on the link for details: http://www.eqtm.in/Jg7a3

Please read the 6 stocks as 5 stocks.... My apologies....

Unless you are living under a rock, you wouldn’t have missed the meteoric rise of Mr Gautam Adani.  

But what next? Is the bull run in Adani group of companies over or there is still a lot more to come?  

More importantly, if one is sitting on sizeable gains in some of the group companies, should he stay put or exit at least partially, if not fully? 

Let us find out in the video.  

Kaifi Aazmi's beautiful poetry adapted to the current market environment....just to lighten up the mood a bit 😊

The true test of an investing strategy is it's performance across different time periods.

What if I tell you that I tested one such strategy across 10 random time periods and 9 times out of these 10, it ended up outperforming the index by a huge margin.

Thus, even as investors are sweating over which stocks to buy in this dip, I strongly recommend trying out my simple strategy that requires only a handful of rules.

What exactly is this strategy and how good was its performance across different time periods? Check out my latest YouTube video to find out.

Russia-Ukraine Conflict

The LAST BIG Buying Opportunity for Indian Investors?

Given the correction, the current stock market sentiment is weak. There’s a talk of a bear market in the D-street.

Does that mean you should be sitting on cash or is it time ti get greedy?

Find it out at Rahul Shah’s SNAP Gains Summit on 6th June.

http://www.eqtm.in/Ec6i3

Rahul Shah’s SNAP Gains Summit

Watch Rahul Shah reveal what could possibly be the LAST BIG buying opportunity in the Indian Stock Market.

When: Monday, June 6 at 5 PM IST

Where: Online (private invitation will be sent via email)

You can get the full details here…

http://www.eqtm.in/Ec6i3

Time to BUY?

The market has taken a substantial dip since the start of the year and many solid stocks are now selling cheap providing us with a rare opportunity to get in.

In fact, Rahul Shah believes that this could be the LAST BIG buying opportunity in the Indian Stock Market! To know how you could make the most out of it...

Just click here.

http://www.eqtm.in/Ec6i3

The Efficient Markets Hypothesis fails because humans are herd animals, not independent rational actors. Thus the best investors tend to be antisocial and contrarian." - Naval Ravikant

Hmm..does this mean that markets are always inefficient. I don't think so. Here's what Buffett has to say on the same topic.

"Observing that the market was frequently efficient, EMT (Efficient Market Theory) adherents went on to conclude incorrectly that it was always efficient. The difference between these propositions is night and day.” — Warren Buffett“

So yes, the efficient market hypothesis fails but is not always wrong.

Markets are frequently efficient and they are frequently inefficient.

As value investors, our job is to know which phase of the market we are in and invest accordingly.

You see, a lot of YouTube influencers have been quite candid with their misfiring stock picks.

They have come out with videos discussing their big losses and asking investors to stay calm.

I thought I will follow their lead.

So do check out my latest video in this regard.

I have discussed my winners and losers since the start of this bull market i.e. March 2020.

Hi, a journalist from a leading business daily called me up for a view on Bob Farell's famous bear market theory.

Here's the theory by the way.

There are 3 phases of a bear market

1. Sharp correction
2. Reflexive rebound
3. Drawn out downtrend.

To be honest, I've never heard the name Bob Farell before. But when I looked him up on the internet, I found an interesting article highlighting his 10 stock market principles.

I reckon they are quite interesting and hence I'm sharing the same with you.

Here they are.

1. Markets tend to return to the mean over time.

2. Excesses in one direction will lead to an opposite excess in the other direction.

3. There are no new eras. Excesses are never permanent.

4. Exponentially rising or falling markets usually go further than you think, but they do not correct by going sideways.

5. The public buys the most at the top and the least at the bottom.

6. Fear and greed are stronger than long-term resolve.

7. Markets are strongest when they are broad — and weakest when they narrow to a handful of blue chip names.

8. Bear markets have three stages: sharp down, reflexive rebound, and a drawn-out fundamental downtrend.

9. When all the experts and forecasts agree, something else is going to happen.

10. Bull markets are more fun than bear markets.

Source: Markets Insider

Last 15 Minutes…

Rahul Shah’s SNAP Gains Summit 2022 goes LIVE in just 15 minutes.

Click on the link below to join the summit and know about the stock-picking system that is behind some of the BIGGEST and FASTEST winners we have ever recommended at Equitymaster.

Don’t miss out on this!

http://www.eqtm.in/q9A5P

This table puts the extent of FII selling and its impact in proper perspective. GFC led to 5.2% selling of FII holding while in the current period they have already sold close to 4.2% which is higher than all other period except GFC. #fiiselling

Source: Ravi Dharamshi

An interesting fact about TATA motors is that an investor who had invested in the stock about 8 years back is sitting on a loss of 10% whereas someone who had invested just a couple of years ago, has made multibagger gains.

What explains this anomaly? Is Tata motors a good investment at the current levels or is the risk reward equation not in favour of investors anymore? Check out my latest YouTube video to find out.