Staying invested is of course no problem at all. That seems like the easiest thing to do. Staying invested or pulling out and investing the money in FDs are the routine options. My query was more on your statement : "must safeguard your hard earned money!!". I`m still as curious about it as I ever was.
Staying merely invested isn`t certainly is the easiest thing to do when something inside your tummy churns when you have investments to the tune of +45 lacs locked in the market (though not in loss at all) and you`re about to retire in just a few days (not even a few months). I`m not at all worried about procuring ITC at higher levels, it is still a fairly small part of my PF. However, I don`t want the current profits to turn into losses and yet do nothing about it. So, my query remains as to "how do I safeguard your my capital". No I don`t have any PPF, nor there is any possibility of adding more stocks, or even churning my PF.
Dear DUstocks ! Thanks for the appreciation.......
I believe that you need to stay invested in ITC in current scenario......your cost is fairly high and seems you have bought it sometime during May-August 2013......but this cost will be of no significance if you really want to hold such a large quantity for 5 years........5 years down the line , economy is likely to improve and a company like ITC ,having a strong product range , may well touch 500 levels ! Rs.4.50 dividend per share translates into approximately Rs.4000 per year......this dividend amount , if you are a serious equity investor , should be invested back in the market.......BUY some Value stocks also if you have spare money......like BALMER LAWRIE , PIDILITE , BERGER PAINTS , JYOTHY LABS......or even the likes of City Union Bank , IDFC......or if you want to play safe , deposit this dividend amount into your PPF account , if you have any ! The stocks you mentioned ; majority of them are likely to give good returns......likes of Lupin , ICICI Bank , Asian Paints , WIPRO.
[quote] must safeguard your hard earned money!! [unquote]
sir noted the very pertinent & appropriate comment of yours. Thanks. Btw, how do we intend safeguarding our hard earned money? Say if i have invested in about 900 equity @340, what measured do i take to safeguard that investment, which by no means is too small. Thanks in anticipation. Cheers. Equity stance : long-term investor. Hold period : at least 5 years from now on. Need for urgent/emergent cash : nil. Further cash available to down-average : no. Portfolio diversified enough : yes, very much so. Counters included : lupin, asianpaint, techm, wipro, itc, sunpharma, ttkprestig, icicibank, tcs... In order of value of investment.
There is no harm in trying news ideas/sources of income. But, making such attempts we must make sure that, trials do not turn into turmoil/s n tragedies. Money,Time, massive money and risk bearing capacity.