![[Update] Moved from loss to profit on my college savings! Hold or sell FIVESTAR?](https://preview.redd.it/lcj749rwrtah1.jpeg?auto=webp&s=ddb80cd8a2e32dff6794715d7a425f1e922f0604)
[Update] Moved from loss to profit on my college savings! Hold or sell FIVESTAR?
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Hello everyone,
A few weeks ago, I posted a screenshot here asking for guidance as a 19M college student who put his savings into Five-Star Business Finance Ltd (FIVESTAR) based on a friend's advice. At the time, my portfolio of 23 shares bought at an average price of ₹481.82 was down about 4% (a loss of ₹456.05).
For context here's the link of previous post -
https://www.reddit.com/r/EquityResearchIndia/s/7AOT8hMGUq
Since this is all my college savings, I want to act responsibly rather than let greed take over. I am stuck between two choices:
Hold long-term: The stock seems to have good momentum, but as a student, I cannot afford a massive drawdown if it pulls back.
Sell and diversify: Take my ~12% gains, book the profit, and move this capital into safer, diversified options like a Nifty 50 Index Fund or an ETF to protect my base.
Should I completely exit the position now, trim half to secure my initial capital, or just let it ride? Please share your thoughts on the stock's current valuation.
Thank you for helping a beginner out!