What’s your financial plan after this Diwali?
Firstly wishing every reader a Very Happy Diwali and a Prosperous New Year ahead.
The Indian stock markets had a crazy ride since last Diwali. Indices reached at all time high and later on dropped again due to global issues like trade war, crude oil prices and also some domestics issues relating to liquidity crunch amid the IL&FS saga.
The current conditions don’t indicate an immediate bull run.
So what next?
We have been getting a lot of questions relating to the prediction of stock market in short term. But we are unable to answer these questions as no one can predict the exact direction of the market.
What we have been replying is one should stay invested and buy quality stocks and funds on dips.
Don’t stop your SIP’s.
Focus on long term rather than short term.
Start with small savings and invest that amount sensibly. Try and diversify across several stocks and funds category.
We have something big coming up in January 2019. Details will be out soon. Stay awaited.
How would you be managing your money after this Diwali? Comment and share your thoughts.