Posted By: Admin
I was at a friend's place over dinner last week, while chatting he introduced me to his son who had just started working a year ago.. a fine young man, he seemed pretty smart and when my friend mentioned that my work is in the space of the investments, he also mentioned that his son had been trading in stocks ever since the start of the Pandemic. I was immediately transported to an era in my youth when the Harshad Mehta led boom seduced me to buy stocks just out of college.. to quite a disastrous result. Back to this dinner, as we started talking the son mentioned some pretty impressive names of companies he had been buying… since the markets have been pretty much on a one way rise since March end, it seems he has had a good experience. My friend wanted me to give him some tips about how his son may go about in the long run, the tips I shared are : In my opinion, we need 3 things to create wealth in the long run :
So the mantra for successful portfolio creation could be summarized as Build your conviction on your investment; Stay invested for the long haul; & Review periodically (may be quarterly or half yearly). You will find that in a few years, you will have a decent portfolio for yourself and if left to work by itself can create massive wealth for you in the long term.
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