You would have jumped up from the seat and would have exclaimed “Oh…I would love that”.
Why give step-motherly treatment to Equities ?
In fact, history has proved time and again that Equities beat Gold by a fair distance in all time frames across geographies.
So apt to remember Baron Rothschild famous advise "The time to buy is when the blood is running in the streets".
The full statement was ...
THE TIME TO BUY IS WHEN THE BLOOD IS RUNNING IN THE STREETS.....EVEN IF IT IS THE BLOOD IS YOUR OWN"!!!
1. Good Monsoon
But once the tide turns…. the experts themselves will be talking about these positive points and by that time, the markets may have already zoomed.
Many victims are fully recovered and it clearly shows it is not a deadly disease.
If someone is in quarantine, in a couple of weeks time, chance of cure is very high, but this news was not spread!!!
CARONA IS CURABLE.
1. Be Calm.
I know its difficult when you see your portfolio getting eroded day by day (in fact, hour by hour) but that’s the best thing to do now. Don’t be tempted to take action just for the heck of it.
If you are in Cash Crunch, DO NOT SELL your stocks.
If you do have spare cash/spare money to invest…do not go FULL HOG right now….Invest about 25% and stagger your investment.
Don’t make the absolute silly mistake of stopping your sip.
If you have are in Cash Crunch, you can consider taking a Loan on your Stock/Mutual fund portfolio.
Yes…there are dime a dozen firms that are ready to offer loans at about 50% of your equity valuation.
And the rates too are quite decent.
7. SHOW PATIENCE :
Never go for Spectacular. Be Happy with the Slow and Steady Approach. Believe in being ABOVE AVERAGE In both UP and DOWN markets. That should be enough.
One good thing that these BIG DECLINES do is…it makes us go back to BASICS.
We should never forget the basics.
In the pursuit of new knowledge…. basics tend to get ignored.
And it’s a Basic hygienic thing to do.
But humans do not like to do simple things. They are awed by Complex ones.
Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH
You can purchase the book on amazon and flipkart
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