Met a business person thru' a reference, and this is what he shared
" I am into the business of Steel product trading age 53 and have a son, wife and both parents are retired.
I lately realised that nothing is good to give returns, but equity and since last 5 years have been Investing in equity.I have booked profits twice, reinvested and now am scared of loosing my hard earned money that I have created at the same time I have less number of years to make good loss, if any.Currently even after 5 years of Equity Investing, I have more than 60% of stock portfolio in loss, 30% around same price and only 10% I have booked profits, reinvested and made some profits.I DON'T WANT TO INVEST IN EQUITY NOW "
Yes, this person has made some wealth out of that 10% of right calls and now most at this age would feel scared to loose money and take risk.
" I am into the business of Steel product trading age 53 and have a son, wife and both parents are retired.
I lately realised that nothing is good to give returns, but equity and since last 5 years have been Investing in equity.I have booked profits twice, reinvested and now am scared of loosing my hard earned money that I have created at the same time I have less number of years to make good loss, if any.Currently even after 5 years of Equity Investing, I have more than 60% of stock portfolio in loss, 30% around same price and only 10% I have booked profits, reinvested and made some profits.I DON'T WANT TO INVEST IN EQUITY NOW "
Yes, this person has made some wealth out of that 10% of right calls and now most at this age would feel scared to loose money and take risk.
DOES THAT Mean one has to STOP INVESTING IN EQUITY ?
