PROFIT BOOKING WHEN:
The best way is to have some rule about when you're going to exit your positions BEFORE you buy. Trying to make rules after you're already in your position means you'll be fighting your own fear and greed impulses, which will tend to colour your judgement in the heat of the moment.
“Staying in equities for a long term is the key to building wealth. But this cannot be achieved if investors fail to book profits regularly,” said niftyguru
When it comes to stock market investment advisers, they believe in booking profit at every rally. These experts look at equity investment only as a tool to grow wealth.
“Stock-picking should be done after understanding valuation and putting trust in the management. Sell shares of a company only if you feel the valuation is becoming expensive,” said niftyguru , a certified financial planner.
The best way is to have some rule about when you're going to exit your positions BEFORE you buy. Trying to make rules after you're already in your position means you'll be fighting your own fear and greed impulses, which will tend to colour your judgement in the heat of the moment.
“Staying in equities for a long term is the key to building wealth. But this cannot be achieved if investors fail to book profits regularly,” said niftyguru
When it comes to stock market investment advisers, they believe in booking profit at every rally. These experts look at equity investment only as a tool to grow wealth.
“Stock-picking should be done after understanding valuation and putting trust in the management. Sell shares of a company only if you feel the valuation is becoming expensive,” said niftyguru , a certified financial planner.
No comments:
Post a Comment