If Singh is King was a good movie then Cash is king won’t be the wrong title either in the present scenario of market condition, As analyst’s say that Invest for long term and you will make good money but see the last one year and people have lost money by staying long term? Therefore, is staying long term wrong or Being prudent and booking profits consistently right.

Well I would say that being prudent and booking profits on every rise is the mantra for consistent profits and building wealth, it is not bad to be long but then booking profits is also important. Take an example of the food items and consumables which you store in have in your house or for that matter thinking about fresh air or planting water, In all these things changing is important then why people don’t apply the same rule to market and their portfolios?

Portfolio churning and booking profits is as important as watering your plants, Wealth creation is an art and it can be created by proper planning, It is not that people are born rich they all know how to take that calculated risk and grow money on consistent basis.

This entry was posted on Saturday, October 25th, 2008 at 5:59 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.