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After 5 years in the market, one thing has become very clear to me.
You may have noticed that I rarely recommend specific stocks, even though I'm certified.
Back in April, a relative insisted that I suggest one.
I finally said HFCL.
They invested ₹3 lakh at ₹75.
Within three months, the stock crossed ₹220 - a gain of about 193%.
They were thrilled.
They even started telling people, "Asif told me to buy this."
Ironically, that was the first and last time I recommended a stock to a relative. Not because it went wrong. Because something didn't feel right.
I kept thinking...
If the stock had fallen instead, would they have told everyone that too?
Probably.
That's when I realized something.
Everyone has a different risk appetite.
The conviction I have in a company won't automatically exist in someone else.
And in the market, money isn't made at the entry. It's made at the exit.
When someone invests their hard-earned money just because you said so, that's a responsibility you should never take lightly.
These days, I prefer to stay away from giving stock recommendations to friends and relatives.
Some relationships are simply worth more than any investment idea.
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