What does it mean for our Investments?
- Mutual Funds - If still invested in equities too late to get out unless you want to get out now while the bounce lasts, also you might as well ride the correction and be prepared to take the hit. 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 still in correction, if possible stay out...