Sensex entered hot zone of above 14500 today. Profit booking is imminent and can happen anytime as it creates the impression of one way street.
If you are a investor, pls start booking partial profits. Sell in multiple quantities and keep selling as it goes up.
Hi Vijay Ganesh,
ReplyDelete.......i admire n read all ur blog posts.....they r quite interesting.
.........…………I need a sincere advice from u regarding MF with a viewpoint of sensex uplift……….thou we cannot predict anything, at least I will be satisfied if u can guide me with my investments………….pls dont worry, I will not decide anything based on ur views………juz I need some sincere suggestion…………I have invested in MFs thru SIP and I stopped investing six months back………with the present sensex value, am at a loss of nearly 1.5 lakhs………….(my total inv is around 10 lakhs)………some of them here ask me to withdraw the whole amount, wait for some time, and when sensex goes down (they predict so…..)…….to around 10 or 11 within few months, they ask me to invest again so that I can manage the breakeven n take up the original amount soon when it again reaches around 15……..……now am confused bcos, if suppose within a month sensex reaches at least 16, my loss can be minimized………shd I listen those people n withdraw the whole amount now bearing 1.5 lakh loss……….or shall I wait till the budget or shall I let that money be till the end of year………am totally confused……..or is there any chance if sensex really reach around 17 or 18 in the near future……….pls guide me what to do.
......hi.....latest news........today am at a loss of 75k only........what to do........pls guide me.......hope u come back fast......sorry to disturb u.
ReplyDeleteHi Chitra.,
ReplyDeleteThanx for your detailed query. Midcaps are on fire and sensex might touch 16500 by july. I dont expect sensex to cross 18k in 2009. My advice would be: start selling 10% of your holdings from 15k for every 250 points of sensex and reduce your risk, loss.
Do drop me email when you are confused. Dont get carried away by business channels.
Hi,
ReplyDelete.....Tx a lot for ur immediate sincere reply.........so, as u said, if sensex reaches around 16 around this month, i can minimize my loss.....is it so?..........am very much new to this MF business.......if we r 100% sure that it will reach 16 i can very well wait to reduce my loss........but, how long shd i wait?.....pls suggest me or tell me approx when can i withdraw the money on the whole........what is ur email ID or can i call u?.......somehow i want to make a constructive decision this week.......pls do help me Vijay Ganesh.
my email ID is svijayganesh@gmail.com; the same is available in my profile too.
ReplyDelete