Time to bring Long-Term Investing Back! - Part 3
All investors today must be very boggled by the fact that the stock markets are down. Some would have an issue looking at losses in their portfolio and would be worried when the markets will be back to higher levels. Some would be booking losses in the anticipation that markets will correct more. So for them it is better to book losses than waiting for the market. And finally, some will look at their portfolio in losses and start adding companies which they seem to be confident in. Overall, Nifty has corrected 6.22% from its ATH of 26277 (as of 22.10.2024). Stocks also have corrected in the same period. This is an expected Market Correction. This definitely brings back the opportunity of Long-Term Investing in the Equity Markets. What should you be doing exactly during this period of Correction in the Stock Markets? 1. Increase your SIPs in Mutual Funds right now if you can. This is the correct time to invest more in the markets. ...