This is one of the most important principles of investing. I have invested in many cos. –Hindustan Zinc at the price of Rs. 1.4 in 2003, present market price 142 (adjusted for splits); UTI bank(now Axis bank) at Rs32 present market price Rs 1297. But yours truly bought these stocks early & sold them early. There are opportunities galore there to invest in the right co.. And as long as the story is good, stay invested. But as most things in life this is easy to say in theory but very difficult to do in practice. Even for full time professionals it is very difficult to stay invested or increase their investment when the indices have fallen by 30-40% & your portfolio has fallen by 50%. But then the stellar return-I have illustrated above - you get by staying invested does make bearing this pain worthwhile.
To be able to do this in practice you do need the advice of a professional like me.
Friday, July 22, 2011
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