Hello Guys,
Over the past few days, I am bit confused how should I treat my MF investments. I have a long term view atleast 5 years (from 2008), so that is not the criteria here.
I mean whether to:
1) Redeem Partly (to the extend of surplus amount than I originally invested)
2) Redeem Fully and re-purchase after some correction
3) Continue Investing without redemption
4) Stop Investing and not redeemp
To be more clear here are the basic facts:
Total Funds Invested = 7
ELSS (lock in period 3 years) = 2 [can redeemp only 2011]
Balance = 5
Different Funds are giving different returns , but I stand to gain around total of 40K as of today including ELSS Funds. My simple logic says, if u keep on waiting, market can crash or huge correction is in the offing, why not take out this 40K surplus?. What has to come up has to go down and vice-versa. Now it could go down, even if it does not, I would still have my principal amount lying invested... any wrong in my thinking?
Since I cannot touch ELSS funds, would it be a wise decision to withdraw in such a manner that I book the above profit of 40K. Sorry even with lots of discussions going, this fundamental thing of booking profit or stay invested concept is just not going to my head
What would you guys do if you are in my position. That should pretty sum up what I want to know...
Thanks
regards
JEET
Over the past few days, I am bit confused how should I treat my MF investments. I have a long term view atleast 5 years (from 2008), so that is not the criteria here.
I mean whether to:
1) Redeem Partly (to the extend of surplus amount than I originally invested)
2) Redeem Fully and re-purchase after some correction
3) Continue Investing without redemption
4) Stop Investing and not redeemp
To be more clear here are the basic facts:
Total Funds Invested = 7
ELSS (lock in period 3 years) = 2 [can redeemp only 2011]
Balance = 5
Different Funds are giving different returns , but I stand to gain around total of 40K as of today including ELSS Funds. My simple logic says, if u keep on waiting, market can crash or huge correction is in the offing, why not take out this 40K surplus?. What has to come up has to go down and vice-versa. Now it could go down, even if it does not, I would still have my principal amount lying invested... any wrong in my thinking?
Since I cannot touch ELSS funds, would it be a wise decision to withdraw in such a manner that I book the above profit of 40K. Sorry even with lots of discussions going, this fundamental thing of booking profit or stay invested concept is just not going to my head
What would you guys do if you are in my position. That should pretty sum up what I want to know...
Thanks
regards
JEET