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DO NOT WAIT FOR THE MARKET TO CORRECT
The New Indian Express
|August 26, 2024
THE Index has reached 80,000 (Sensex).
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Is it a good time to sell some shares and sit on the sidelines? Should I stop my SIP and start after some time? Should I reduce my SIP in large-cap funds and invest in mid-cap funds? Or should I invest in a multi-cap NFO? I have been asked these questions at 25,000, at 35k, and of course at 50k and now at 80k.
The truth is, I have no idea.
This looks like a simple question, but it has the following questions hidden in it:
Will the market fall from here?
If it falls how long will it be down?
Should I start buying in 2/3 months or wait longer?
What if this is wrong?
Honestly, let us say I tell the reader "I do think the market is too high, you should sell your large cap shares (Sensex represents the large cap shares, right?) and wait" and the reader does that.
This story is from the August 26, 2024 edition of The New Indian Express.
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