SparklyCupcake
SparklyCupcake

Going to purge my stocks portfolio. AMA

Although my gains are significant, I have realised it’s not working out for me. So going to sell most of my stocks.

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WigglyBanana
WigglyBanana

Not working for you as in? And it's 57% over what time period?

SparklyCupcake
SparklyCupcake

3 years, but most stocks that I bought based on the post pandemic YouTuber recommendations. They have all been utterly underperforming except for 1. All the ones I bought and friends suggested are doing much better. I will just double down on 2-3 stocks every year.

PerkyNoodle
PerkyNoodle
Gojek10mo

Would be interested in knowing how much capital gains tax you will be paying this year.

SparklyCupcake
SparklyCupcake

Not more than couple of lakhs but I’m not liquidating my mutual fund though. Just the stock portfolio.

GigglyQuokka
GigglyQuokka

Bro thanks for this post, wanted to ask you what are the sectors you invest particularly in and is there any particular thing you look at in the balance sheet that helps you know that this stock is a good bet?

SparklyCupcake
SparklyCupcake

Half the stocks were influencer recommendations during pandemic. Half were friends and family recommendations. Friends and family is actually ensuring the over all portfolio is better looking compared to the influencers. Hence purging and just going to buy 2-3 stocks and put remaining into index.

GoofyBagel
GoofyBagel

Don't know who wanted this info but sharing

Invested : 624428.89
Current: 983421

FluffyMochi
FluffyMochi
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GoofyCupcake
GoofyCupcake

6.x > 9.x lakh. 3L in CG. Sell it at 1L per years gain once the stocks qualify for LTCG. You'll save capital gains tax

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I pray / hope you don't get to experience what a true bloodbath in the investing world is. The markets have been fair...