PM Modi says stock markets will hit record high on 4th June: Should you invest more?

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lumpsum amount before 4th June to benefit from the trend. However, stock market investments should not be made with one date in mind (4th June 2024 in this case). Hence, you should refrain from investing a lumpsum amount before 4th June to benefit from a one-day trend.

Remember that investing in stock markets is a marathon, not a sprint. Usually, in stock markets, slow and steady wins the race in the long run.You should always follow goal planning. You should work with a qualified and experienced financial advisor.

They can help you identify your financial goals, make a financial plan, recommend the appropriate financial products for investment, and do regular reviews. In short, they can handhold you throughout your financial planning journey till your financial goals are achieved.Rather than investing in a single asset class like equity, you should build a diversified investment portfolio. You should spread your risk by investing in various asset classes like equity, fixed income, gold, real estate, etc.

Every asset class in your portfolio has a distinct role to play. For example:a) Domestic equity is for growth and wealth creation.b) International equity is for diversification against country-specific risk and growth.c) Gold and silver act as a hedge against inflation and a safe haven during times of uncertainty.d) Fixed income provides stability to the overall portfolio when equity markets are volatile and going through a correction.Similarly other asset classes like a house (real estate) is for living, and insurance is for protection.Once you diversify across asset classes, you should diversify within the asset classes. For example, within equities, you should diversify across large, mid, and small cap mutual