After a week of extra-ordinary events that put the global financial market into a tailspin, it is time to think rationally, be a bit greedy now than be consumed with fear. The perfectionist in this art is showing the way. Whether it is a turning point or more bad news coming in few more months, in the long run the return will be satisfactory. Taking the plunge during these troubled times is better than buying during a bull market when you wait for correction to happen or worse buy at a higher value than a stock is worth.
This week I bought RIL, sesa goa, aban offshore, infosys.
Banking stocks may be contrarian pick now.
Other references:
How to Weather Market Panics
4 Steps to Protect Your Portfolio From the Financial Crisis
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1 comment:
Ha ha, how does it feel to be on the wrong side of predicting the market bottom?
RIL is good for any portfolio.
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