General Trading Chat

Sir, any stock you would like to suggest for very long term investment(atleast 10yrs). I would prefer any stock less than Rs.500 (as this is what i keep aside everyday for savings). So i am planning to purchase 1 unit of this stock every day, irrespective of whatever is the market sentiment on the given day :)
One of my friends does the same in SBI.He buys one SBI share every day.But he says SBI tests our patience....it takes a long time to come up .For such a strategy you must chose a share or mutual fund which is volatile...so it goes down a lot,then we accumulate the units at lower price and then it also bounces back strongly....

YOu can consider any Midcap fund like Motilal Oswal multicap 35 fund,or Franklin Templeton Prima or Reliance Growth....any fund will do.

Smart_trade
 

vivektrader

In persuit of financial independence.
Sir, any stock you would like to suggest for very long term investment(atleast 10yrs). I would prefer any stock less than Rs.500 (as this is what i keep aside everyday for savings). So i am planning to purchase 1 unit of this stock every day, irrespective of whatever is the market sentiment on the given day :)
Consider some form of diversification, buying just one stock can be risky, as already suggested by TP sir and ST sir, easiest way to go for is some daily SIP.

Vivek
 

Similar threads