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Amal
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| 31 October 2008, 19:50:03 |
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Investors need to keep in mind that
1)excessive debt in the household finance will kill (same like that which happened in US) so don't borrow much. keep your repayment level upto max 40% of your gross salary.
2)the next is to cushion up for any 11th hour need which may surprise you. something like 3 months of total monthly expences in cash in the saving account.
3)after this comes the question of investing. Investors have again got an opportunity to take a long ride.this opportunity may not come calling again. keep entering the market in bits and pieces as frequently as possible. Get an sip going in a good mutual fund and any thing extra over and above this could well be invested time to time.
4)the cardinal rule is not to panic by the sudden movements, in times like this all such things do happen. even a small news is enough to shake the markets.
5) Most important of all the worst of all the damages have already been done and you cant expect more from hereon. But the good news is the turning about could be not far away. maybe 3-4 quarters from now you would see the markets getting back to healthy levels.
BE POSITIVE AND TRUST EQUITIES HAVE CREATED MORE WEALTH THEN ANY ASSET CLASS. BUT IT COMES WITH A LITTLE BIT OF GUT WRENCHING UPS AND DOWNS.
SO HAPPY INVESTING |
