New Delhi, April 13 -- One of the golden rules of stock investing is to buy stocks at reasonable valuations and hold them for the long term. Top financial experts say that sticking with one's convictions and holding a stock as long as possible is the simplest and easiest way to create wealth in the long term. Patience is the key.

There is no dearth of examples to prove how a long-term investor can create wealth by picking stocks and holding them for a longer period, enduring market volatility and mastering the lure of pocketing quick gains. For example, take a look at a penny stock-Alfa Transformers.

About three years ago, the penny stock was available at Rs.8.01. On the previous session (April 11), it closed at Rs.81.73.

If someone ha...