I sometimes feel there is no right answer for buy and forget. I know middle class investors who are today in their 60-70s and who invested in every IPO, every stock during their 30s. They never sold any. They have companies from asian paints, colgate, Abbott (during the time it was known/merged with Burroghs & welcome), to delisted companies to companies that got merged into another, then another into some other
The ones which have had a run up in the last 30-40 years made up several X and took care of those where they lost 100%. Now what would have happened if they had jumped in and out trying to take business calls based on available news? they may have done well or may have ended up selling gems. There is no right answer here.
Btw the portfolio of these gentleman whom I know run into 4-5 cr easily, which is big given their income.
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