(16) Buying, Holding & Managing Multibaggers Is A Full-Time Activity
It is one of the most important rules to understand multibagger stocks. Stock investment is not something that can be learned within a day or two. It requires a lot of time along with serious & dedicated efforts.
This concept is equally important even when searching for multibaggers in stock markets. You can’t find & invest in multibaggers as a hobby. It is a full-time activity that becomes more efficient as you gain experience in stock investing.
On the other hand, hobbies are always meant to cost you money. It is perhaps true even when considered in terms of stock markets. You can’t find multibagger just by investing few hours or days then not looking it for few months or years.
Stock investment is a long term process that needs to be done cautiously. You need to start with small investment to learn the hidden tactics of share trading. In initial stage, you are likely to lose money but as you gain experience you can start earning money.
Once you are experienced in analyzing stocks then go for chasing multibagger stocks. This strategy will prevent you from being stuck in wrong stocks.
(17) Not All Investors Are Smart Enough To Identify, Pick & Hold Multibaggers
It is one of the most shocking rules to understand multibagger stocks. Every investor is not meant for investing in stock markets. Some investors are best suitable for investing in bank’s fixed deposits.
However, others are more suitable for investing in gold rather than investing in stocks. Similarly, you can’t become a multibagger investor without being qualified for it.
Some of the best characteristics of a multibagger investor include long-term investment horizon; ability to convert day-to-day life observations into investment thesis; financial stability; high risk appetite; intellectual flexibility to buy from any available sector or opportunity; and many more.
Once you posses these qualities, you can efficiently tackle various ups & downs in the journey of a potential stock to become multibagger.
Although, there is no guarantee for the expected returns even when you qualify to become multibagger investor as returns depends on various factors in combination.
But, your odds to gain multiple returns increase to a greater extent with such qualities.
- Multibagger Stocks: Shutterstock