 Hello, hello, good evening everybody. All right, if you can hear me loud and clear, feel free to put it in the chat. Okay, can you type V in the chat so that you know, I know that you can hear me loud and clear. In the meantime, I'm just going to remind everybody that we are live and because tonight it's gonna be something super, super exciting, super, super exciting. It's like as an investor, we always want to expand our knowledge, expand our circle of confidence. And in today's case, we are even going to expand our circle of investing horizon and boundary as well. But before I officially introduce you the guest, there is a very, very special guest who he has a lot of experience in the stock market that he's going to share with you tonight. But before that, I also want to ask you guys, what is the market that you are mainly investing in right now? If you are investing in the US stock market type US, if you are investing, let's say in Singapore type SG, Malaysia type MY, China type China, right? Let me know. How's Penang? Hey, oh, Penang was fantastic. I really enjoyed the training a lot. And Facebook user, you did not connect so I can't really see you. I don't really know who am I talking to? I hope that you can connect so that I can hear and I can see you properly as well. So I can see that SH mainly invested in the US, Adrian invested in the US as well, right? How about other of our audience over here, right? Let us know, okay? And tonight it's going to be super special. And without further ado, I'm going to introduce our guest to come out. Now, why did I actually, you know, it's actually very, very coincidental that I managed to have the honor to speak to this guest because I have been actually doing a lot of research on other market. And you know, like actually for myself, most of my assets are actually inside the US stock market. And then I do have some assets in the Hong Kong stock market as well as some, just a little bit in the Singapore stock market. But I do see the importance of as our portfolio grow, right? You can also consider diversifying some of your assets into other countries as well. So can everybody type D in the chat, okay? D sense of diversification. So tonight I'm going to, the reason why we are doing today's very special sharing is because if you are looking for other additional markets to diversify your wealth, I think it's good to learn about the market first to see whether it is something that you yourself are interested in. Then if you are then they are definitely tonight, we are also going to share with you some of the ways that you can diversify into this particular market. But before that, I also want to share with you why is it that we are looking into this market? And because I am not an expert, I'm also a learner. So together with every single one of you tonight, I'm here to learn. So how many of you are excited to learn? If you are, can you type L in the chat, okay? How many of you are excited to learn? If you are, type L in the chat. And as you guys have been, some of you may be following on my YouTube channel for quite a while. So recently I published a YouTube video regarding this particular stock market that we are going to talk about tonight. Anybody know what is the video that, which market am I talking about tonight? Can you put it in the chat? Anybody know what is the market that I'm talking about tonight? Now let me show you. For those who have been following me, you will see that, okay, I do have, right? I post a lot of investing content. And recently I actually posted this video about India economy deep dive. And the reason why am I interested in looking into the India stock market is because I've been reading this book called The Joys of Compounding by a very, very famous and very seasoned investor. His name is Gatham Bay and Gatham is based in India. So his funds to investing in the India stock market has gone up tremendously over the years. And that's got me interested in looking into this market as a potential way of diversifying my assets. So if you are thinking about, oh, after tonight's interview, you want to look deeper into the stock market of the India economy in general, okay? You can also go and check out my YouTube video, all right, basically India deep dive. And I published about one month ago, you can find me on Aligato investor, right? But of course, right? Tonight is more than just what we talk about, what I talk about in the video because it's like you can watch it already. But I wanted to be interviewing some experts and give you some additional insights. So if you guys are excited to invite our guest speaker tonight, can you type E in the chat, okay? E sends for excited. And who is the speaker am I going to invite? He is actually a doctor, all right? Who is actually doing a post-doctorate degree, a post-doctorate over here to doing a lot of research. And his research is something super interesting. It's about time, okay, I think later on he will, he should probably be able to clarify better because the first time I hear about it, I was like, wow, what is this? Basically he's doing research on the stock market and how to predict the stock market movement, which I thought like, wow, that is something very interesting. So he's somebody very, very interested in the stock market. At the same time, he has been using whatever things that he, his system, his implementation onto his India portfolio as well. And some of the counters, some of the investment that he held on, right? Into the India stock market for the past two years, some of them will even went up 400%, which I think is really mind-blowing. How many of you felt that it's quite mind-blowing to have a 400% some of your trades in about two years time? You think it's very amazing, can you type 400%? And tonight I'm going to invite, okay, Ankuj to come and share with you. So if everybody can you give Ankuj a big round of applause. Can everybody type CCC clap, clap, clap for Ankuj to be here. Thank you very much, Lorie. Nice to meet you and glad to meet you all. Thank you very much. I think they're all super excited right now. Adrien's typing like 400%, CM typing 400%. Yeah, so maybe Ankuj, before we officially get started, right? Can you just quickly share a little bit more about yourself? Like what is the research that you're doing and what got you so interested in the India stock market? India stock market. Yeah, I am from Northern part of India and then I did my PhD from Bangalore. Then I was doing some research in USA and France. It was more on the statistical modeling for complex systems. And as you know, stock market is one of the complex system we have. And here in, I was working on time series based prediction wherein I was trying to make how we can know the well supports and resistance levels and know the buying and selling levels through our research approach. So those kinds of things I was doing here. And I'm also investing from a few years. Yeah, please. Yeah, so your research system is like using the stock price movement to predict the future stock price movement. Is that correct? Is that correct? Yeah. All right, cool. I mean, if you have time, later on we can talk more about it. And our audience, feel free to put it in the chat along the way during Ankush sharing. I will ask questions because it's also the first time of me learning from Ankush as well. And if you have any questions, feel free to also put it in the chat. So without further ado, Ankush, maybe you can get started to really share with us what makes you so excited about the India stock market? Shall we? Yeah, Indian stock market is moving. Having this exciting journey, you can see from 1990s and having a very steep curve. So what made India moving in this direction were some policies which were taken in early 90s, which was liberalization, privatization and globalization. And here in you will see the glimpses of startups which are emerging, the digital transformation, political stability. We have a big, large consumer base. That's good not only for consumption, but also for production. The demographic dividend is also in favor of the country. The new tax reforms are also going well in the direction of India. So this is what you will be seeing how India moved in last 20 years. So the growth rate was 8.3 CAGR, which is like double from the world. And poverty has also been reduced from 55% to 16% in last 15 years, though it is still a big number, but it is in the right direction. And I hope the things will move further in a positive note. Yeah, Ankush, before that, maybe we rewind back a little bit in terms of just explaining a little bit about the population structure of India. Now, during my own research process, when I was doing my YouTube video, one thing I found that's something very interesting about India versus the rest of the country population structure is Indian population are very, very young. Ankush, do you know what is the medium age of Indian population? Yeah, it's around 27, 28 kind of numbers. Yeah, it's actually below 30, all right? So let me just quickly share screen so that our audience can see. Now anybody can make a guess, why is it so important to have a young population? Can you put it in the chat? Why do you think having a young population is so crucial to the growth of the country, which will translate to the growth of GDP? And of course, as you as an investor, you also want to invest in the country that has future growth potential, right? So the first thing that you can start analyzing if you're looking into a particular country is population structure. Can everybody type P in the chat? Okay, P sense of population structure. Now, let me just share screen. Hold on, maybe I will remove your screen first and then let me take over from, not this, remove and then let me present. Yes, okay, so as Mr. Asif said it, it drives the economy, right? So, hey, how am I going to, hold on, let me just stop sharing this and present my new slide. Okay, over here, Indian population by structure. Now, if you look at this chart, you will see that India has a super strong and young working force at the bottom, right? And the bottom here is basically by the age. So you can see zero, two, four, that all these are like children, right? Infants all the way to children. And the majority, the main part here is in their 20s. Can you see 20s? And then the, on top one, it's those are elderly, right? Like a hundred years old and all this. So it's super healthy because let's say imagine 20 years down the road, 20 years down the road, the population structure will start to shift, right? So even though it start to shift, the majority of the population will still be in about 20 to 40 years old, right? Versus, let's take a look at, for example, Singapore population structure, okay? Anybody can make a guess what does the shape look like for Singapore population structure? Okay, so let's take a look. So, all right guys, let's take a look. So this is Singapore population structure in 2020, right? Which is very recently. So right now, our majority of our population are already in our 20s, like basically 30s, right? Close to 30 to 40 years old. So guys, make a guess, 20 years down the road, how will the population structure shift? It will literally shift up, right? But then our bottom is so slim. So that means eventually the younger people who are probably in their 10 years old right now, they, when they grow older, which is 20 years down the road, they become 30 years old, right? But then majority of population will become in our 40 to even 60 to 70 years old. So this group of population become very heavy in terms of our productivity will become lesser because as we age, we will stop working. But the younger population need to support us, right? So that's when the country will eventually face a problem which is what's happening right now to Japan. So if you see Japan population structure, all right? It's already like super in a very bad shape because the median age is in their 40 plus, can you see? Their median age is 48 to 50 years old. 20 years down the road, majority of their population are all in their 70s to 80s while the younger population is all shrinking, right? So that's why the first thing that you can look at is actually population structure. And that's what got me interested into looking into India because the population structure of India is super healthy, all right? So if you guys can understand the first point of why I personally look into India and you can consider as well, can you type one in the chat? One in the chat. All right, so in the meantime, Angus, do you have anything that you want to highlight? Yeah, so India is at a very nice fertility rate. Now it's not excessively increasing nor it's decreasing. So it's nearly at 2.1 number. It is healthy, right? Very healthy, very healthy. And of course, with healthy population structure, the second thing that Angus mentioned about is the reducing in terms of the poverty of the population, right? Because only when the poverty starts to reduce that means they have more disposable income, then they can start to spend more, right? Then we start more, then the economy will continue to increase. But of course, there are challenges ahead, which later on we can discuss more, right? But before that, I will pass the time back to Angus. Thank you. So if you see the forex reserves, that's also rising, so which represents the stability in extreme conditions. So it was quite minimal at the time of 1990s and now it's nearly $600 billion, which is among top five in the world. Plus the emigrants. Yeah, Angus, if you don't mind sharing a little bit, I guess our audience are also very new. So how does having a higher forex reserve help? So if you have to import a certain thing, the forex reserves typically helps. As an example, India imports a lot of crude oil and we have to pay based on the forex reserves. So if that depletes the economy, it might be collapsed if there is some unfortunate incident. Okay, so can I say that this forex reserve is like a wallet, India's wallet. So the more money it has, the more power or buffer it has in case anything happens or they have higher purchasing power. Is that what you mean? Yeah, so they will be having USD, gold as reserves. I see. Wow, China has very rich. Yeah. How about the US? Where is the US? Where is the US? USD is everywhere. So they are not having currencies of others, rather other countries are having their currency. I see, that's the major superpower. Okay, everybody has your currency. Got it, got it. Yeah. All right, yeah, we can come to you. And the emigrants will also be acting as a hedge if there is an economic collapse because they will prevent the rupees depreciation. If rupees depreciate, the foreign currency might come in from the emigrants who are staying abroad. There's a big number of Indian who are staying outside India. Yeah. And India's ecosystem for startup is also increasing. It was 140th in 2014 and now it's at 63rd number and still it is rising further. The number of unicorns are also increasing yearly, as you can see. So what it reflects, it reflects the seeds of the giant economy which will be forming from them. Yeah, the series of what economy? The series of what economy? These are acting as seeds and they will be becoming a big companies in the future. Startups. I see. So right now, doing business report 2020, it ranks India to be the 63rd place to do business. Is that correct? Is that correct? Yeah. Wow, India has really progressed a lot. I see. Can you continue? Can you continue? Yeah. So if you see the standard of living, that is also rising year by year. So this is the growth rate of the auto sector which is like 27% in FY23. Same as the air traffic, the millionaires and billionaires, those numbers are also rising. So it shows that the population is definitely getting more and more affluent and that's why they start to buy cars. They start to do more air travel, right? Air travel, right? Yeah, yeah. So these are those indicators reflecting that not only poor are coming to middle class, middle class is becoming upper class and upper is becoming even higher elite class, right? And the digitalization has also played an important role here. We are 99.9% people have been now attacked with a digital identity that's helping them to get internet on any type of transaction becomes easy now. Even a small merchant uses those digital valets to perform the transactions. So you see the curve, how it increases. I also understand that, you know, like, Houdana, Houda, but I also understand that. Can you hear me? Can you hear me? Yes, perfectly. Yeah, so I also understand that there are also a lot of people who don't have access to internet, isn't it? So how is this 99.9% accurate? So this is the hard number. This is about digital identity of the people. Like Singh Pass we have here, which tells what your fin number or whatever, identity number is there. So almost like 99.9% is now registered with government if they want to give some scheme, it is easy to give. Earlier they were leakages, they were middlemen's. Now it's like a direct bank transfer to any person, citizen in need or any time for the salary purpose. Yeah, so with the transformation of digital banking, digital finance, do you think that finance sector, like banks, they play a huge role forward in propelling the growth of the country? Yeah, so they are now at a different level altogether. In the meantime, I'm also very curious about our audience here. Like how many of you have been to India in recent years? If I've been to India, type I in the chat, okay? Angus, when was the last time you went back to India? Yeah, I was in June. Oh, June. Oh, June. Yeah. So in your hometown, how convenient is it to have digital payment? Digital payment, oh. I will say the smart T seller will also be having the digital payment, the cab, the auto driver, the smaller scale people also who are doing the business will be having the QR code. It happened just in this four, five years, I will say. It was not there before. Oh, okay, interesting. Now, I think one of the way to test how digitalized this country is, right? Okay, let me show you a picture. Okay, hold on. Because we all know China, it's very digitalized, right? So digitalized until this is very, a common site is a common site. Let me just share screen. For those, maybe you have seen before, you will understand what am I talking about. Okay, so I'm going to remove this first and then share screen on this. So how do we know whether this country is super digitalized as? Even? Even beggar can have a digital QR code to receive payment. So, Angus, is this happening in India? No, so far. Not so far. Okay, I see. So, China is definitely even more advanced in terms of digital payment. Okay, interesting, interesting. All right, so, but definitely I think eventually India will move towards that track. Yeah, yeah. And Mina said that you have been to India in the recent years. So, Mina, maybe you can also put it in the chat, like, what's your impression of India? Now, I just want to do a very quick sharing of my impression of India. I remember I first went to India when I was in my university time. That was, I think, the first year of my university, probably 21 years old around there. Yeah, something like that. So, at that time, like, I travelled with my friend. And seriously, I was very shocked by what I experienced in India. Because the moment I landed in the airport, the airport looked super nice, like, very modern, very clean. But the moment I went out to the road, I was literally having culture shock because there are so many people just sleeping on the streets. At the same time, there are cows just roaming around in the streets. So, and then there are also people just peeing in the open area. Like, there's no proper toilet. It's just roads like toilet and just people literally can just pee inside and you can literally see there's no door, no shelter whatsoever. So, it has been, like, I think more than 10 years since I last been to India. Maybe, Angus, can you share with me? Has it changed or not? Unfortunately, this, there is a big section of the people where this kind of challenge is still there. As I mentioned, 15% people are still below the poverty line. And this poverty line is, like, having just a food. So, one-sixth people are not able to afford the basic things also. So, that also we need to admit. And India should be progressing in that direction. Yeah, I see. So, Jason said that I have some echo. Yeah, I also don't know why I was trying to figure it out, but I couldn't. So, I believe you can still bear with the echo. And Meena said that there's a big change. So, I believe right now, those people sleeping on the streets as well as people peeing in the middle of the street, is it still a common sight? It's reduced in the last 20, 15 years, I will say. So, for example, the existing Prime Minister had this campaign, clean India kind of campaign and toilet for every one kind of motto. So, he walked in that direction. The basic necessities, I think, it still needs some more work and more rigorous efforts in next five, 10 years so that they all can be uplifted to the real economy cycle. I see. Oh, I think somebody's, Mr. Asif said somebody has opened a second YouTube window. I'm just curious. Angkush, did you accidentally open a second YouTube window? That's why I can hear my echo. Mine is there, but their speaker is off. You tried to close your YouTube window? I switched off completely now. Okay. Hey, is it better? Oh, no, I can still hear myself. Never mind, it's all right. So, I'm actually looking forward. I think next year I will travel to India in August and yeah, I think it will be like 13 years since I travel. I look forward to see the transformation. Now, in the meantime, let's get Angkush continue. I will definitely go and find you if you are there. Yeah. So, if you see the growth projections from IMF side, so it was like 6.3% for this 2024, which is one among the other countries as you can see here. Hmm. So, there's a big room where India is moving ahead and it's moving to a different transition altogether. So, country takes like S-shaped kind of curve that initially it's difficult to move, then it takes a very big stage and then it saturates and maturely moves slowly. So, India is somewhere moving fastly and of course some challenges need to be shorted out so that it moves ahead and solves the problem further. So, if you see the PE ratio in the economy side, that's nearly a maximum in terms of the major countries. So, but if you see the PEG ratio, I'm not showing here, but that's still minimal, which shows that it is still a good market to invest in. You know, typically PE ratio is more if investor feel confidence to put money in it. So, which reflects in the PE number here. I think something very interesting. Yeah, like the PE ratio of the Indian market it's in fact higher than the United States based on the chart that Uncle's find. So, the PE ratio generally for those who don't understand means how expensive or how cheap the market is, right? So, if the PE ratio is high, that means the market is relatively more expensive versus let's say PE ratio of China, right now it's like nine. It's considered relatively very affordable, right? But once again, you don't want to just look at the PE ratio alone. You want to compare the PE ratio to the growth rate of the country. So, I think based on Uncle's, you are talking about the PEG ratio, which is the growth rate. Are you talking about GDP growth rate or what? Yeah, yeah, G with the growth rate. Maybe your viewers can see PEG ratio and they will see it's still undervalued. I see, okay. How about the PEG ratio of United States compared to India? I don't have currently values, maybe we need to browse it. Okay, that's good, that's good. Okay, we can continue. Yeah, from the temporal side, if you see still it is at undervalued side, it was hitting like 40 in 2021 and now it's at 20. So, it's like the median PE from 2004, you can see. So, it's a good time to invest. It's not an overvalued market now. Yeah, if you look at the, if you look at PE ratio support and resistance, it also seems to be at a support right now. Yeah. Interesting, all right, let's go, let's continue. Yeah, so once there was news of recession, so based on the Bloomberg report, so you can see it was like 0% probability of the recession in India. Yeah, I think- It's because of the export and import as well as the domestic economy, which works badly. I'm so surprised that Indonesia and Saudi Arabia, it's like super low probability as well because both of them are also growing super fast. Yeah, so as we discussed, there are some challenges which India need to cross so that everybody comes to the upper level. So, there should be changes in the policies, there should be changes in the red tapism and income inequality should be as much as possible shorted out. So, these are a few of the challenges India needs to cover up. So, now I can discuss the investment approach. I think everybody is looking forward to this. So, can you share with us what's your investment approach? Yeah, so I try to have a multi-dimensional approach when I try to pick a stock buy and have a journey ride on it. So, what I try to see once there's a company, they're associated intrinsic values of it. There is a financial track record of it, current results, technical levels, sectors on which it is walking, government also controls them and of course, foreign investors control the liquidity too. So, I try to see how are the weights of them what's the scenario of them? So, whatever price we are trying to pay is it more or less? So, a price whatever is offered is not absolute number, it depends on all those parameters. Sometime it can be expensive, sometime it can be lighter. And secondly, we should see a possibility whether one of these parameters can expand further. As an example, we are at a stage when liquidity is low. So, chances are after one year, two year it will expand further. So, if this weight will increase, price of stocks will also increase. Similarly, if present or results will become more profitable because now the raw materials are expensive they will become more smoother, especially Russia, Ukraine conflict have restricted the prices. So, there are possibilities that price can rise up. So, I try to see from that scenario what is the possible price and what are the things I'm getting. So, typically when there is a price it's not a stock price. So, many things are associated in it. So, it is itself a portfolio of those things, I will say. Having past, present and future associated in it. So, I try to have undervalued. Yeah. I just want to also highlight that the stock process of Ankush just shared with you guys is not limited to India's stock market only. Right? In fact, you can also use it for any market that you are personally invested in, be it in the US, how the government policy might affect especially if you talk about China. This is definitely one of the factor, right? The quarterly results of financial track record of any company that you want to invest in, you should also check on them, right? And then for technical analysis, you can use it to better gauge the entry and the exit point as well. Yeah, exactly. So, all those things, we try to see how it works well and I try to use my data analysis and custom codes also to see especially the results, the technical levels, whether it's at undervalued state or not to have a better entries. And I have a more high diversified portfolio to have more sectors and companies in it because I see from my side, some advantages to work and it became more convenient for me personally. Maybe I'll share how I look them and I have a different strategy for large cap companies as well as small companies. Large cap is having a higher market cap, small cap is having smaller market caps. And I, as I mentioned, you use diversified portfolio. The reason is it gives me opportunity to work with multiple sectors and companies. So typically we work with only best companies. I also try to see sometimes even second runners also are good enough and they are not having that much valuation too. So I get opportunity to work with those stocks too and there are better buying and selling opportunities because any one of them will be at a good technical level to buy. So whenever day I want, I can buy some of the stocks. And I just want to ask a question. When you talk about diverse exposure, right? I think the audience are also very curious. How diverse CIFAR is your portfolio? By how many stocks are you? I work with like 110 kind of stocks which is considered upper limit. Yeah. I see, okay. Maybe I'm also very curious about our audience here. How many stocks do you have in your portfolio? Okay, you can put it in the chat. If you have 50, type 50, you have 10, type 10. All right, so Uncle, she has 100, 100. Yeah. So this I found myself to be resonating. So since I walk on a more statistical approach, so I try to have more number of stocks and at a even extreme time, it is easy to hold them because allocation will be low in them, can be easily added, averaged up. And if they give a good return, then also I can hold them. I don't fear that tomorrow they will be lower circuit. Anyway, this noted that big allocation and the allocation can also be changed. For that philosophy, I try to have a more diversified portfolio, which is contrary to other investors, I know. Yeah, that's why CM said you're very rich. You can afford 100 stocks, but I think once again, like, yeah, there's a very good question from our audience. Bowen is asking, how do you manage all these 100 plus stocks, right? If you go through all those thought process, fundamental analysis, technical analysis, isn't it very hard to manage? How do you do that? Yeah, so for that reason, either I walk on a screener kind of platform where it's easy to filter some of the stocks based on the results, based on their price movements. If I am looking for certain dip, that kind of filters I would have kept in my code or in the online screener kind of things. So I only bother about, I think, seven, eight stocks at a time because others will be like a standing position within minus 10 to minus 50, plus 20, 30. So those I don't see much. I see which became over high or over low. And I keep them for like one and a half year. So, right, for example, one of the stocks that you invested gave you 400% return rate. What's the holding period? Yeah, so it's one year to one and a half year. So all the stocks are having that period. One to one and a half year. Yeah. So do you have another portfolio that's more for long-term that you personally don't think that you're going to sell in one and a half years time? Yes, so I have multiple portfolios. I have not attached some of the part. Yeah, there are portfolios of that. Okay, so that's why, okay, so answer Bowen's question. He used greener to filter. And then that's how you manage 100 stocks at the same time. I still find it unimaginable because consider you're doing it by one person. I make some code that upstock prices having these parameters, those should jump in. So I will have only four to five stocks to see. So others won't be in my eyes at that time. So I try to see from the market scenario what kind of stocks might be good, what kind of industrial P is good, like I should see now chemical stocks. So others I won't be looking at that time. In this way, I filter and then sub filter based on the finances and technical levels. So in the large cap, I try to have a more uncorrelated stocks, domestic as well as export. As you know, the IT and chemical had little difficult time, domestic still worked in India. So I had both of them. I could sell well. Okay, a mix of domestic and export. That means domestic companies versus companies who do export. Yeah. Okay, I see. And then you have uncorrelated sectors so that your portfolio will be more balanced. Yes, yes. So I don't try to have a maximum return. I try to have more balanced return. So consistently it can increase. Okay, to follow up on the question about 100 stocks. So Bowen is asking, is it most of the time you are holding them for long term and then if suddenly price drop, for certain companies you will buy more and if the price goes too high, you will sell away. Yeah, Bowen. So I have some part of this strategy. So when I get a big return, I do some profit booking, let's say 20% of them I will sell. And some stocks which are undervalued and I see that they can move, I can put some money on them or I take fresh stock, something like that I do. So that even if the stocks which are at high levels and start giving down moments, I don't panic and I don't lose the money. Okay, thanks for sharing. Yeah, but at the same time, I don't completely take out my position back because I know there are possibilities of multi-beggars also which can become even more higher and I should keep them alive in my portfolio. I see. Yeah. So this, maybe here some slight changes happen and that's fine. So for small-cap companies, there's a slightly different strategy. Here I start with the finances rather than thinking about the macroeconomy. I'll be seeing which companies having good profitability, where sales is rising. So those type of companies I try to have. As an example, I won't be searching a blue company, but if I get a company which is having more profits, I might add a blue company. I might add a paper company or whatever. I won't be searching for a specific company, but it just comes up. And I try to buy them in a staggered manner and on a discounted rates, dates more. And instead of having a decision of yes and no that I won't buy or I will buy, I have a more analog decision that this needs less allocation, but it's more allocation. So it says my time, should I have it or not have it or it deserves less or it deserves more. That kind of decision I typically take in my companies. If they pass in my criteria, of course many countries, many companies get filtered out before that. So it's more like, if you see an opportunity, you don't try to time it as long as it passes criteria, you'll buy a bit. If you drop some more, you will buy more. Is that correct? Yeah, in some cases. As I mentioned about that weighing balance thing based on the intrinsic values, if the price is still less, I buy it. So I don't see as a price in absolute scale. I see based on the values I get from that stock. Okay. Yeah, I also try to see about the cycle rotations that sometime days cycle of IT, sometime days cycle of public sector banks and so on. IT had a good time two years back, but now it was struggling. In India, we had a good time of private public sector banks kind of things this recently, but they had a bad time previously. So it's like a weather, it keeps on changing. So that kind of scenario, I also try to have some contrarian view I have rather than going on an overvalued stock and running behind a moving bus. The buses where there's no occupancy set, I sit in them and then slowly ride. So which sector do you think it has more potential found now on with this cycle and sector rotation? Yeah. Since in last two years, IT had good correction. Chemicals also had a bad time because of the export restrictions and all that. The world also slowed down. So possibly next one, one, two years, I see IT and chemical might do well. And quality stocks, if you see from the theme wise also, the investors who are from India might be knowing now it had a bad time for the quality stocks. The good banks, good paint companies, chemical companies didn't perform well. Possibly they will also get chance in one year as per my expectation. So this aspect I see. Okay, cool. So these are some of the stocks. Oh wow, so this is your own portfolio. Yeah. So this is which I showed you in that day we discussed. Yeah. So these are having some good returns. So this is some steel company. This is some banking IT company. There's a mixture of this is an adhesive company, automobile tire company and so on. There are less IT companies because IT didn't perform well. Though I tell you I had a more allocation on IT side. But my manufacturing and materials company worked phenomenally well, it looks like. So out of like 100 companies as I mentioned you. So 15, 17 companies gave more than 80% returns in one and a half year of investment. Wow. So out of 100 stocks, there are like the 17 best performing stocks, right? Yeah. So maybe I'll discuss journey of few of them, why I picked them, which might be of interest. So I'm also very curious when you allocate, like is any maximum allocation you will do for any single company? Is it like less than 2%? Is any certain rule that you follow? Yes. For small cap companies, I have a lesser allocation for larger. I typically have a more allocation and my allocation is proportional to my conviction in the company. How much I know and how much I have confidence in that company. So that is a bigger thing for me, how much I'm liking that company. So accordingly I put the allocation and I don't over do anything. I have a room so that I can average it later on if needed. I see. So what's the highest allocation you have ever allocated? I think 3 to 4%. 3 to 4%. Okay, got it. So you are definitely spreading very across. Like there's no one position that will contribute to a huge significant of your portfolio. So in the future I can make it maximum to 6%. I have a room to make it double. If there is a possibility, I'll see. So that would be like my maximum cap I had in my mind. 5%. Understand. Understand. Yeah. And so these profitable companies keeps on changing because this is like today's thing. Today also I had like 17, 18 which are above 18, 80%. Names might be up or down but this is how it moves. Hmm. But also very curious like what is the some of the other stocks like that didn't do well, right? What's the percentage of loss in this case roughly? Yeah. So I tried to have some of them. So this is the decreasing order of those make companies. So maximum loss I had like 50%. And 2 were in 40% regime and mostly are in 22, 30. Hmm. Hmm. So overall what's your net-net portfolio performance? So net is around 23, 24%. Wow. Yeah. I think it's still very impressive. It's still very impressive. Like more than 20% over and then like you are holding a very I think a very safe portfolio like there's nothing, there's no one stock that will kill your portfolio. Yes, yes. I planned like that way only. If IT would have been worked then my portfolio would have been even more higher because I had more allocation in that. But materials work so that also sailed me. Hmm. So your mistakes through your reflection is the valuation and the financial fundamental analysis not properly done. Yeah. And sometime in a company it appears good and then there is a change. Let's say there was a policy government policy change. There were CBI rates on some companies and so on. Hmm. But I hope you guys can also see that Uncle Xi really tracked his portfolio and then he also reflect based on his portfolio result so that he can learn how to become a better and better investor over time. I also hope that this is something that all of us can start to do more tracking, reflection. Can everybody type R in the chat. R stands for reflect. You reflect on your mistakes so that you can always improve to become a better investor. Yes, I put time in thinking why I went wrong so that the mistakes get reduced because it's not that here money is reduced. It could become even let's say 20% if it would have been a good bet. So maybe with time the decision making can become better. Yeah. Wow. Yeah. There's some people asking about what's your view of buying India ETF later we will talk about it. Yeah, I'll come Kelvin. Yeah. So I discussed three to four stocks how I took the position in them. Of course, research you can apply on other stocks also in a similar way. So this company was still company at that time it was appeared to be a cyclic company so it was not having interest of investors at that time and you see it was quite down so I tried to have it at these locations and if you see the profitability maybe here resolution is not good if screener you can see if you are interested. The profitability is increasing steadily sales is increasing steadily without exception and the price was not justified I felt so. So I took the position in it and here I was riding it there was no position where I should sell but just for safety reason I would have sold some here and so on there is no technical level to sell and you mean where would you sell where would you sell where would you sell typically after a significant return because I voted for two reasons one is the fundamental of the company secondly I was paying lesser price so five cases same maybe profitability everything is good but second case is not justified it's not undervalued now so for second reason I just reduce some positions and if it becomes good I will be with other positions right so this is another company which I got it I am showing three four different buying strategies though most of my strategies were based on the first one wherein I tried to have more undervalued prices here it is not undervalued price it was upper circuit company it's a emerging company which is making a adhesive and in India PD light is a bigger adhesive company which is having a very high market cap as you can see here as compared to this Jyoti regions several orders high and if you see the results were phenomenally high in Jyoti regions so I took the position so there were some market turbulences at that time and upper circuit was removed for some time and I took the position and then I was here so this also gave me a good return as you can see from here so basically you compare with the so called the largest competitor in the same industry and then you realize that the largest one is trading at 88p ratio with a very big market cap and you think in terms of the growth perspective of this sector in general adhesive material is definitely something that will continue to have more growth in the future right and that's why you look at the market cap of Jyoti and then you realize that it has a lot more room for growth yeah and that's right try to see the reviews of the people reviews of the people of the customers yeah and the pricing of those product was also less and customers were liking so I thought it deserves some investment nice so this is another company which is like a nail company it also had a good sales growth as you see there is no dip in sales there is no dip in profit it is steadily increasing but there is no increase in price so it means P ratio is reducing over a period of time so I took positions here also you see 3-4 times I had this investment hmm do you actually read into their financial reports to understand their business model a lot deeper before you buy or you generally just see from the data so first cleaning I do from the data then I move to the company's more detail like I mentioned about Jyoti ladies so I started seeing what kind of things customers are seeing and all that so I started seeing from that perspective more rather than the financial report point of view interesting interesting another thing was about auto sector I discussed with you how aviation sector auto sector is moving in India so I was also thinking in that direction that auto would be taking a big speed now but if you see there are multiple competitors in car sector profit margin is less but tyres will be ever green whether there are taxis whether it's old bike or something so I took some tyre stocks so they also gave me like double of the return where car company might not give that much so these were some of the research aptitudes I took to have the selection of the company starting from finances filtering and then moving to the systematic story of the company I absolutely love the thought process that you are not just looking at the product itself actually looking into the parts of the product it's the tools of the product so that is evergreen because if you talk about automotive the brands can be having a lot of competition but at the same time they still need to have tyres regardless right that's why you look into the general trend like that automotive airline or air travel is moving it's growing and that's why you look into the particular segment inside that yes so this has been my allocation so far like IT I had more allocation like I feel that maybe it might increase in next year or something like that so materials and finances I had some allocation and I had allocation in all the caps nearly equal weightage I had more large gap earlier when I and to buffer and hedge I also have position in term deposits where I get interest from the bank so like nearly 2020 kind of thing will be in the large small and medium and 20 will be for emergency in bank and 20 will be if there is a bear face and some gold position this I might increase if gold price will drop in future so it's a very balanced portfolio like usually it's about 20% allocation for each category then this bear face money might increase or decrease based on how the valuation of the market happens in the future yeah that's it that's the site that Kavi is waiting for so these are some opportunities for you maybe it got disturbed while projecting here but you can see some of the potential returns some of the ETFs can provide which offers investment in large cap company large and mid-cap company in some value investment companies and in small cap companies in these for top 50 companies in India in dice for large and middle cap companies and small cap companies like Esmeen takes care if he's based on the profitability of the companies and so on so they have a reasonable transaction cost so I think ETF investment can be a good opportunity for foreign interest investors that's very interesting yeah so you can see one of the example how the return has been so it's in the USD but one year return, three year return and all that so for yourself because you have so many different options that you provided which one do you think it's better for foreign investors who are very new to the India market yeah so for safe companies it's better to work with large and middle cap companies and if you see and you are also knowing about the domestic things what is going on in India then small cap companies also you can think at a correct valuation you have to see whether the small cap companies index is higher or lower so that kind of entries can be done so that's what I would so this from my side it's not a recommendation like I see so as an example if one is working on 50 companies more distribution will be on the finance sector because if India will move finance will move they all go in the linear fashion money is more interest profit margin is more IT export is there so these kind of companies will be more in the nifty 50 and in nifty 100 you can also have some part of chemical stocks because there is no big giant player in chemical sector so it's not here and if you are in the more material side even small cap companies can also be considered so I already mentioned you ETFs based on them yeah so these are some approaches you can look ahead so if you have further queries you can always reach me thank you so much wow how many of you learn a lot from uncle sharing you learn a lot can you type L in the chat and in the meantime just like what uncle said I actually first connected with him through LinkedIn because uncle was following me as well then he saw I frequently post about different market insights and then after I published my YouTube video I also posted on my LinkedIn is that what got you to be interested in connecting with me yeah you have excellent presentation and your research in the videos was phenomenal so it was glad to meet you and now it's having good conversation with you yeah thank you so so much yeah so for those who want to connect with uncle you know like he's actually right now based in Singapore doing his like research right now right and if I'm not wrong it's an SUTT correct yes yeah so if you have any interest in terms of you know like wanting to know more about the India stock market and getting him to share yeah feel free to comment with him on LinkedIn and this is his email as well email as well and I can see all of our listeners learn a lot Vincent learn a lot Jason Alan as well okay fantastic thank you very much thank you so much as well right and any questions for uncle are there any questions if you have questions feel free to put it in the chat and in the meantime alright for those who have have not followed me you can also join my telegram channel as well right where I share a lot more a lot different investing insights and you can also follow uncle on LinkedIn to continue to connect alright thank you so much okay so Mina learn a lot and with that okay thank you so much once again for your amazing sharing great meeting you all yeah come with to meet you up for coffee again when I start investing in the India stock market I'm pretty sure I have more questions yeah we will discuss right thank you so much yes thank you all of you guys have a good good night and thank you for staying all the way until till the end to learn together with us alright we'll see you guys in the next time see you