A few weeks back, I shared an article on my experience after selling some of my stocks for a financial need. I was feeling very bad for selling those stocks at such a low price. But today it makes me feel that thankfully, I had not sold the stocks this week. If I had sold it this week, I should have sold it for even 10 percent lower amount. Yes, the stock that I sold fell about 10 percent after I sold it. Now, if at all I have money with me right now, I should be buying the stock back to gain a 10 percent profit.
REC is one of the best stocks in the market, and I have been holding it since 2017. I got some bonus stocks when the split happened, and those are the stocks that I had sold. I still have a decent amount of REC stocks in my holdings. I don't know if I have to feel happy about this or sad about this. Happy about the fact that I still have the buying opportunity on that stock, and sad that I don't have that money with me to buy it back again and book my profits. I think I can call it profits only after I buy it again and sell it again for my previously sold price or above that. Only if I complete that cycle can I call this trade a benefit for me.
Source - Sora
This is a rare scenario. All the stocks that I'm watching are in its low right now, and this is a great buying opportunity for long-term investors. This is all because of the war situation and the fuel-related problems that we are having. But things are slowly settling down. Already this week, the market has started recovering. If people had invested in some of the best stocks this week, they would have seen a good profit already. I still have a few stocks on my radar for the future. I wish I could buy those stocks when I have enough money to invest. My last investment was about 10 years back, and I should say that it has given me great returns in the last 10 years in the form of both dividends and an increase in value.
As part of my wealth-building plan, I think I should have the stock market as well as one of the sources of income. Some dividend-yielding stocks are really very good. Wise investors keep a balance of bonds, dividend-yielding stocks, and mutual funds. They don't really do day trading or short-term trading. I think that's a good strategy.
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