Last year, I talked to my father’s friend who’s holding Reliance, Nestle and many other companies since past 20 years.
Needless to say, he’s made a fortune out of it.
People are willing to hold real estate for generations. Though want to cash out of equity day in & out. You may become rich doing so. Though that’s not how wealth is created.
Some of our Potential Multibaggers Research Reports client are unhappy because the holding period is 3-5 years. They want it to be even shorter. When I say hold for 10 years, some roll their eyes.
Great businesses need time to grow. Once businesses grow, earnings and stock prices follow the suit. Compounding works best in the tail end years.
Usually, it’s easier to hold investments once you cross 5-10 years holding mark. Most investors quit midway.
To conclude, name me a single celebrated investor like Buffett, Lynch, Kedia, etc. who made fortunes in stock market in less than a decade. You know the answer.
