I am long term investor and believe in keeping certain stocks permanently in my folio and do not get upset by month to month variations in price levels. This kind of stocks should be sold if you want to buy your first house , children’s higher education or daughters marriage or any major health problems in family.
Stocks like HUL ITC Bayer Crop Science Mico Bosch Tisco Tata Gloabal TCS CMC BASF Pfizer Wyeth Labs Grindwell Norton KSB Pumps according to my understanding comes under same class.
If you have same in family portfolio or inherited from parents should not be used for trading purpose.
Need views from friends in forum about this concept. If you have also made such kind of long term portfolio which can be hold for years together pls inform. I am long term investor in stock market from 1975 onwards and holding all above mentioned stocks .If you keep this kind of stocks in physical form your urge for selling will reduce automatically and wealth will be preserved and can be utilised when there is genuine needs in family.