@Mithooshan wrote:@dayandacool wrote:@Mithooshan,@Mithooshan wrote:@hiransilva23 wrote:Now I’m afraid to buy this due to high promotions
This share is worth buying for dividend itself brother. But choosing the right entry point is very important.
Never be afraid too. Do your research and understand the company operations and future earning potential before buying a share. Once you know that, it is highly unlikely for you to go wrong.
Observe the Market Sentiment as well. The traded volumes and bid/ask price gaps.
All the very best and Good Luck !
Edit - Have a 5 year plan. You can get minimum 10% return every month and if so calculate your portfolio value in 60 months. Have a sense of direction and drive towards it. Compound interest is the 8th miracle.
10% every month for 5 years is not practicable. When you set a target, it should be realistic. 10% a month means 120% gain per every year. Not even Warren Buffet has achieved this feat.
If you have a portfolio of 10 stocks, you may get a 10% gain for a 1 stock per every month. but calculate the loss of price for other 9 remaining ones as all the stocks in a market doesn't appreciate all at ones . It will be an average for your profits as well as losses in your portfolio. Even if you achieve 3% overall gain in your portfolio for a month, it's more than enough. That too might be very highly unlikely. 30% gain for a year in a portfolio is considered a great achievement.
I am telling from experience @dayandacool. If i can anyone can do that. I am not Buffet btw. This is possible by analyzing market behavior and knowing when to enter and exit. Swing trading and selected stocks strategy.
Everything looks impossible until it is not. Warren Buffer is only a human like you and me. Have the courage and not let his feats be your milestone. It will only limit your mind. Once your mind is closed it will limit your ability to expand.
Have faith in Universe. She has never disappointed me. Meditation helps you too. You are much bigger than Warren Buffet.
I repeat anyone can do that. All humans are gifted once their mind is free of limitations
This is about strategy, having 10 stocks is safe but as an investor you need to research and identify your value stocks and stick to them. Splitting your attention means you are not confident about your choice and you want to play it safe. That minimizes your earning. That is one strategy too but I don’t recommend it.
Has long as you are not attached to a share and as long you are willing to listen to market without judgement for any share (Penny or otherwise). You can do it. Anyone can.
Good Luck brothers and sisters !
Your Wish is a great one. But have you considered a bear run too? market has bull and bear both. If you can gain 120% per annum for 5 consecutive years, You are the Man!!! You are in the league of Soros and the Quantum fund!!!
Buffett's earnings on equity.