If you are expecting an answer to the question above, sorry to disappoint you. I don’t have any answer personally. One of the resolutions that I have made this year is – I will be more active in Indian Stock Market – And hence this question to readers.
You can say I am crowd sourcing the answer to this question (for my benefit…read on).
Here is my situation currently – I came back from U.S in December 2007, and invested my savings in Stock Market in first 2 weeks of January 2008. Roughly, I invested 60% of savings in Equities and Mutual Funds. The Stock Market was around 21,000 and many analysts were boldly claiming that it would go on to touch 30k, which based on 2007 rise looked very much plausible.
But on January 21st, all hell broke loose – within no time, I lost most of my investment in stock market. It was a real shock to me.
And in last 2 years, I have been patiently waiting for markets to come up. I had 3 Major bets – Reliance, Suzlon and Unitech. The latter 2 stocks have f***** my portfolio so bad that even today I am close to 50% down !
I haven’t bought or sold anything significant in last 2 years, but this year I am determined to make amends and be active (in expectation of making gains…do I really need to state that :)
This is what my portfolio looks like currently – Suzlon & Unitech were biggest blocks when I invested in them, but they have now shrunk by 70% of their value.
As far as the question goes – I am not looking at the “right” or “correct” answer, because no one can really predict that.
What I looking for is collective wisdom of readers to guide me in making the best choices. It is not only for me, but for countless other people as well who are sailing in the same boat. I have spoken to at least 5 different people this new year, asking me to guide them – and I am putting the same question to trak.in readers.
Now, Let me hear you guys !