Assumptions are assumptions. Actually market runs on this very base. If all people start buying there wont be any seller n vice versa. At a particular point some smart guys restore to buying while other intelligent ones make exit. Its a matter of luck & chance - who comes out to be real winner.
Anyways, I personally think that market wont move alarmingly lower than this point. It may take a real long time to be buoyant. Rest is all upto future! One will face Time Risk & not Money Risk entering at this point. In other words, if you go for good picks now & horizon is long, nothing much to worry about capital corrosion in short term. Hope for the best!
Cheers!
mr india
Anyways, I personally think that market wont move alarmingly lower than this point. It may take a real long time to be buoyant. Rest is all upto future! One will face Time Risk & not Money Risk entering at this point. In other words, if you go for good picks now & horizon is long, nothing much to worry about capital corrosion in short term. Hope for the best!
Cheers!
mr india
Thanks for this information.
I liked your 'poetic language' of falling knife. But again, we can never know when it will touch the ground and then hold it. That is why I said of putting small lumpsums spread over few months.
Again, since I am planning for more than 5 years investment (which I guess is good enough to be considered "long term"), even if the NAV goes bit below from here should not matter much. Because, my normal layman thinking and assumption states that Sensex will atleast reach where it was one day i.e above 21K. So if we invest while it is around 16-17K, we still tend to gain may be after some months or after some years. Check me if I am wrong... I am literally not a financial guy....neither had any money till last few months to even think about Shares and Mutual Funds
Thanks again
Jeet
I liked your 'poetic language' of falling knife. But again, we can never know when it will touch the ground and then hold it. That is why I said of putting small lumpsums spread over few months.
Again, since I am planning for more than 5 years investment (which I guess is good enough to be considered "long term"), even if the NAV goes bit below from here should not matter much. Because, my normal layman thinking and assumption states that Sensex will atleast reach where it was one day i.e above 21K. So if we invest while it is around 16-17K, we still tend to gain may be after some months or after some years. Check me if I am wrong... I am literally not a financial guy....neither had any money till last few months to even think about Shares and Mutual Funds
Thanks again
Jeet