(Aft Few Cycles,You’ll have a PF tht WON’T See LOSSES Again!)
During Every CORRECTION,DO the Ground Work of Improving Quality of Your PF;Accumulate Target Scrips @ Bargain Prices;
During BULLISH PHASE Next, Better those Prices Further by Booking in Parts on Good Rises;
REPEAT!
During Every CORRECTION,DO the Ground Work of Improving Quality of Your PF;Accumulate Target Scrips @ Bargain Prices;
During BULLISH PHASE Next, Better those Prices Further by Booking in Parts on Good Rises;
REPEAT!
“FOREVER IN GREEN” PORTFOLIO-
Simple Explanation(With a Practical Example Again)-
Imagine You Bought 100 Shares of Gujarat Gas@ 286 Today. After a few weeks,Say,You Sell 50 Shares@ 328. You then Hold balance 50 Shares@ a Low Avg of 244 for LT.
This was Just One Simple Example.
Simple Explanation(With a Practical Example Again)-
Imagine You Bought 100 Shares of Gujarat Gas@ 286 Today. After a few weeks,Say,You Sell 50 Shares@ 328. You then Hold balance 50 Shares@ a Low Avg of 244 for LT.
This was Just One Simple Example.
...Now Imagine, having a Portfolio Full of these Kind of Entries - Say 30/50/100 Different Scrips All@ Much Lower Levels frm CMP (25-30% Lower)
Try & Aim For Such a “FOREVER IN GREEN PF” Early in Your Career, So that LOSSES Become History ASAP.
Managing Such a LOW COST PF...
Try & Aim For Such a “FOREVER IN GREEN PF” Early in Your Career, So that LOSSES Become History ASAP.
Managing Such a LOW COST PF...
...becomes a Child’s Play-Only Requires Periodic Reviews & Trailing S/L to Protect Gains (S/L Can be skipped if you think LT is Bright enough,For e.g.I wouldn’t keep a trailing S/L for those 50 Shares of Gujarat Gas@ 244,But, would So For some of the LOW FLOAT/HIGH RISK STOCKS.)
As You Advance - You can Always Then Streamline Your Portfolio & Make it More CONCENTRATED as You Embark on the Next Leg of WEALTH CREATION/FINANCIAL FREEDOM Journey (Of Course, the Basic Principle of “BUY LOW, SELL HIGHER & LOWER YOUR COST PRICE”,...
...Never Changes! (Obviously, the Only Exception being - Unless You Stumble Across Some Very High Conviction Bet.)
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