After today’s nerve wrecking fall in the market, if some one pretends to know anything about the market and give you stock tips, you should politely ask him to take a walk. Is there any one out there who predicted that in one day Indian market is going to fall drastically by over 6%.
This looks like 2008 & 2012 revisited.
If you have followed me regularly on my Facebook, this would clearly tell you that I have expected this to happen since 1 July 2015. That was the day when I liquidated all my holdings and sitting on cash ever since.
Does this make my a market expert, hardly.
Had I known this, I would have shorted the market last week and collected millions of bucks.
So what does it tell us. Read all my earlier posts and find out.
In a nutshell, market will go up and it will come down certainly. No one can predict in advance when it is going to happen. You have to keep a Hawk eye on the market and buy when others are afraid and sell when others are celebrating.
Is this the time to renter the market? Yes, it is and to walk the talk I have already pumped in half of my capital. If you don’t have money to buy in to every 5% drop, you have the committed the financial sin of the worse kind.
At this moment Market is screaming, “BUY ME BUY ME BUY ME”.