Should you book your profits or stay invested as market may conquer new peaks? Nilesh Shah answers

economictimes.indiatimes.com:

Nilesh Shah, MD, Kotak AMC, says many people depend upon their next generation and become a burden on them. It is important that we create financial security for every Indian through capital market participation whereby they can generate real return. How can you make a country rich when 93% of savings went into either below inflation or inflation return products? Only 7% went into above inflation return products. We have to ensure that the 7% keeps on increasing and Indians become wealthy.

For medium term and long-term investors, we can endlessly argue that markets are expensive. We can make a case that stock valuations are above that comfort zone. But when you have so much liquidity, both local and global, then is it wise to come out of the market or book your profits or not stay invested because liquidity can take this market higher before it peaks out?

Unlock Leadership Excellence with a Range of CXO Courses

Nilesh Shah: Undoubtedly markets can remain irrational more than you can remain solvent. And it is not that Indian markets barring few certain categories are looking at all-time high valuation or very expensive mode. Yes, one can say that Indian investors are like Indian cricket spectators. When the Indian cricket team is winning all the matches in T20, we are expecting them to go and win the World Cup.
The same way, Indian