When sensex was around 18000-21000 levels people were thinking ( many individuals actually entered the stock market) of investing at that time because the picture was very very prudent. People believe in India`s growth story. Now as the market have corrected more than 50% people also think that sensex would tank more & there would be panic all around. Indian people are making the same mistake again & again.Buying at highs & selling at lows. If you are selling your shares at this levels then you are again doing the same mistake. I know many friends investing by scrapping their FD`s at the levels of 18000-21000 of sensex & the same friends selling their shares at 10000 sub levels & putting their money into FD`s at 10000 levels. This is big mistake. Another mistake is very good amount of people have taken personal loans from banks & started trading into stocks. Well i don`t know how many of them actually earned money but i know quite a few of them ending in huge losses. This means that stock market is not a day`s game. You have to be patient when it comes to investing. Someone rightly had said that Stock market is the best place to invest when there is uncertainity all around. So start investing friends in smaller quantities. Don`t come under talks of those fools who are telling that our economy will collapse because of this. India has 35% of savings rate one of the highest in the world. There is no need to worry. Our future is bright if you have the patience for 1-2 yrs. of investing.
Think over it....
Best of luck,
Srikanth Shankar Matrubai,
Bangalore
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