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livemint.com / 2 years ago
economictimes.indiatimes.com / 2 years ago
economictimes.indiatimes.com / 2 years ago
Sudden corrections lasting weeks can come up any time; some PSU stocks are meme stocks of India: Sandip Sabharwal
Sandip Sabharwal, asksandipsabharwal.com, says “sudden, swift corrections lasting a couple of weeks can come up any time. Markets can never go up in a straight line. So the investment strategy has to be, at this point of time, if you are holding some good stocks, you can keep on holding. If you are holding zero cash, I would say that it is a good strategy to at least have 10-15% cash now so that you can re-deploy as opportunities come up again.”
Is it getting too good to be true or perhaps we should not get carried away with the momentum? What is your understanding of the market right now?
It depends on the time horizon of the investors. So if it is a very long term, then it is fine. It does not matter. But I think when markets move up so rapidly in such a short period, in every bullish phase, we have seen that markets can correct 4% to 7% at any point of time without any reason so any investor who is getting in today needs to be ready for that.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitSudden, swift corrections lasting a couple of weeks can come up any time. Markets can never go up in a straight line. So the investment strategy has to be, at this point of time, if you are holding some good stocks, you can keep on holding. If you are holding zero cash, I would say that it is a good strategy to at least have 10-15% cash now so that you can re-deploy as opportunities come up again.
But that is the problem because you are in the money with pretty much most of your holdings. Where do you book out and take that
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