Dear SG sir ,
I have sold 30 % ABG shipyard shares as per ur recommendations @ 485. I am holding the sugar shares as u recommended. I have a question which i request you to guide me . I am 32 yrs, Am a doctor. I am accumulating RIL shares for long term purpose (say 10 yrs+) .I buy them as and when they hit lows and if i hv money. I ve 35 till now with Avg price of 990rs/- Now
1) Is this a right strategy? i am doing this to get good returns as i ll need money in future for occupational purpose.
2) If u think it is a good way then do u think RIL is the best bet ? or can u suggest me some shares i can buy and forget for next ten years.
For ur info , i am investing in SIP and gold also ( to guarantee safe returns as my risk appetite is medium ) . But i am still a student and will be completing my Nephrology speciality by next March and u know how much Student doctors are paid . It does help when ur wife also earns .
I ll be really glad if u cud guide me .