Investing in the stock markets is possibly known as one of the best ways to create wealth in the long term. However, with the potentially lucrative returns comes inherent short-term volatility. This makes many investors uncomfortable.
A “buy and hold” strategy, also known as long-term investing, can help sail through market volatility. While there is no shortcut to wealth creation, there are tried and tested principles that you can follow for long-term wealth creation. These usually include…
- The Magic of Compounding: To witness compounding of any form in the market, you have to be invested for the long term. It requires discipline, and of course belief in your investments.
- Investing without Emotions: Overcoming emotions in the short-term for profits or losses, to see the magic of compounded returns in the long term.
While everyone usually acknowledges the benefits of long-term investing, the most common mistake investors usually make is - panic selling. Falling markets can make investors uncomfortable. The question is… if you’ve chosen solid stocks and are on track to meet your long-term financial goals, why sell at all?
Our focus at Dhan is to help improve the investing experience of our long-term investors and build our product & customer experience in a way that ensures users are able to achieve their desired financial goals via features enabled on our platform.
That’s why today we’re introducing to you a new feature - that lets you mark your Long-Term investments in your portfolio separately. Another industry first features from Dhan.
How to Create a Long-Term Portfolio on Dhan?
It is simple and seamless as always on Dhan. For every stock in your portfolio holdings section, you’ll have a toggle to mark the respective stock as a long-term investment. With one tap you can mark any stock as a long-term investment., and with the same ease, you can also un-mark it.
Once you have marked any stock as a long-term portfolio - you’ll see a new section created for all your long-term portfolio. Additionally, a long-term heart icon will get attached to your scrip which will always show that it’s a long-term investment.
What happens when you try to sell a Long-Term stock?
Yes, you can sell your stock anytime - we don’t stop you from that. We will simply nudge you with a friendly reminder that will remind you about your commitment to this stock that was marked as long-term. If you proceed ahead, you can sell the stock.
Now with Dhan, it’s easy to make sure your long-term investments actually a kept-long term. We hope this feature will help you maintain discipline with investing, avoid panic selling to book profits or loss - and yes, will help you achieve the compounding magic you were looking for.
Keep us posted about your experience with this new feature. As always, there is more to come for you because Dhan gets better every day with your suggestions & feedback.
Happy (Long-Term) Investing!