Equity Meltdown~Pulling out or Putting In!?
Answer this to define yourself ~ your Investment Mindset now & your Risk Profile in general ?
The Question should be surely in your Mind right Now as continuing Global Meltdown forces India Meltdown too with the Nifty & Sensex sinking over 3.3% today to go sub 7000 & 23000 respectively ~ down 23% in 11 months from the highs of 9119 & 30025 in the first week of March 4,2015
Had warned you’ll in December 2014 that 2015 will be Volatile & Vulnerable and reiterated it several times in 2015….stated that 2016 looks more ominous
Worth reproducing this blogpost of mine of September 4,2015
Friday, September 4th, 2015
At the time it was of concern that the Sensex had gone sub 25500 but I yet had declared it was not a Merciless Market yet!….that’s when you can get into serious wealth creation opportunities at lower risk for higher gain !
Here’s an extract from what we had communicated privately in early September 2015
We have been quiet for a few months now for a good reason. Those who are on our fundamental wavelength know what we stand for. .Too frequent communications then would have served little purpose other than the danger of generating ‘Noise’… !
What we did assess with conviction was that FPI Inflows will ebb or even reverse in 2015 from the record inflows in 2014…another reason that should mute markets…as this was played out it was ignored by a frenzied midcap space market that justified it being balanced out by increased retail participation and absorption by increased Mutual Funds Investments
On ET Now Prime time on March 31,2015 I had aired my fundamental views for the new FY 16 that was dawning to a wider audience than just clients.I had stated that the markets were running ahead of fundamentals
Yet the Smallcaps & Midcaps had raced away in a frenzied climb last six months too & we were being questioned why we were being relatively more conservative with dependence on Core Scrips weightage as per Risk Profiling and Asset Allocation as a discipline and refusing to trade in and out of markets furiously especially in scrips that were touted on the street or in stock chats or in networks or on the air by experts on popular stock channels and stock portals….most were justifying the run up and urging and seducing for more participation to those especially who thought were missing the boat…The Young were inheriting Earth !