Booking losses at the
right time forms the most important part of wealth management strategy.
Do you book profit or book loss?
You have bought the shares of ABC Ltd at a rate of
Rs.100 per share. The current market price is Rs.150 per share. Also you have
bought the shares of XYZ Ltd at a rate of Rs.200 and the current market price
is Rs 125.
Do you book profits by selling ABC or book losses by
selling XYZ.
Rule No.1: Never lose money....
