COVID-19 and portfolio advise
I am not qualified to give you advise about what you should do with your money. However, I am allowed to comment on the amazing, awesome advice that I am hearing on Social Media…
- If you are afraid of risk, keep all your money in govt schemes like Post office schemes and SBI fixed deposits.
- Convert a lot of your investments to cash and keep it safe by keeping it in the bank
- The downside is over, you should start investing
- We are not going to end our lives, you should re-balance your portfolio.
- If from 80:20 in Equity to debt you have fallen to 50:50, you should remove money from debt instruments and put that in a lumpsum in equity / equity mutual fund
- Every fall is an opportunity to learn. Here…there is data that after a fall of 30% the market will SURELY give you X returns in 30 days, XX return in 365 days and XXX in 5 years.
- The market will recover in a minimum of 6 months to a max of 27 months. That’s the max that you had to wait for.
- ITC is a good buy – people have bought so much of FMCG products in the last 2 weeks.
- Maruti is a great buy at Rs. 4900, ITC at166, Hul, Colpal,…..afterall people will smoke, brush, buy a car….
- The ill effects of the Covid-19 on car sales is so bad…that the worst is not yet over
- We will change so much and opt for so much of Tele – and WFH, that car sales will fall
- Please add the worst/best comments that you have heard in the past few weeks…it will be good fun…
Ramesh
I am not a fan of SIP, but I suggest if someone has Rs.100 to put into the market now (either disposable or from debt holdings), set up a SIP to transfer Rs.5 every week. It will capture the market at several instances. Next, the big question is what to buy? I think anything, because everything is cheap, but banks are the first ones to recover the fast, broad index the second. Where not to put? – real estate, iinvits, auto and pharma (this has not taken a drastic hit on the head)
Maries
Risk can be managed by diversifying in different assets
Nitin bourai
Invested for 5+ year in regular mutual funds , stopped the sip in regular funds last year and invested in direct mutual funds.
Invested more in direct funds due to recent fall and continuing the SIP also. Now I want to know should I purchase some in regular funds also as the NAV has reduced by 30% , I can hold for 15-20 years not in need of this money and no plan of selling the regular funds for next 15-20 years.
Subra air please provide your inputs or anyone .