Absolutely I agree. Its alright to hold a share for long term, but when the market is moving on and you stock is suffering from African Trypanosomiasis, also known as “sleeping sickness”, it will be an emotional bondage to stick to it.
Moreover, a middle-class investor has only that much money. When he sees that the PSU Banks or the Defence Stocks or the Capital Goods are marching ahead, or you realise that some sector has totally legged behind (Pharma/IT) and is crying for investment, it will be difficult to control the temptation and not sell a stagnating stock and move on. And why not?
Perhaps long term means holding a stock, and not jumping in and out of it, but some people may find the idea of being ‘wedded’ to it less than appealing.
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