I'm relatively new to stock market investments and have tried to build a balanced portfolio for the long term. Should I hold the stocks for long term or does it make sense to book profits in between ?

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Only Govt makes money via taxes when you sell your shares (and your broker too). If you want to invest for long run, Buy diversified set of quality stocks (Largecaps and Midcaps with great potential) and hold them for minimum of 5yrs. You can review their performance after 5 yrs.

On a separate note, if you are new to equity investment then instead of succumbing to emotional decisions in direct stocks, invest via SIPs in “Direct Index Mutual funds”. Most often they’ll perform better than your stock portfolio unless you are a finance wizard OR astrologer🙂.

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Depends on what stocks you have in your long term portfolio.

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