Is the worse over yet! What shall we expect moving forward?
Remember, the path of least resistance is on downside but that does not mean this market cannot change direction. Market will do what it wants to do, we need to be prepared for next market move.
What does it mean for our Investments?
- Mutual Funds - If still invested in equities too late to get out, you might as well ride the correction and be prepared to feel the pain. No reason to continue SIP at this point. If in cash/ FDs/ liquid funds then it is wise to stay on sidelines.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. When market is in correction, it will drag everything down with it. Check out our trade size calculator to manage your risk along with potential buy candidates watch list.
Market in correction mode, stay outside...