March was a great opportunity. Bulls like us were every other day asking people to buy big, and buy blind. Many listened to free vested advise on Social Media and never bought. Markets are markets. They are not Idhayam Murali. They wait for none.
Over the last 3 years, markets was largely range bound between 35000-40000 for long and then when it has to break out, it broke out to 47000 delivering double digit IRR for those waited patiently for 3-4 years.
Next 3 years could also be like this. Range bound for months or even 2 years and then eventually moving up to deliver 10-12% CAGR.
Use every dip to buy. Georgia runoff might provide a dip. Nirmala Budget could provide one. As and when Corona is done, liquidity will come down and like taper tantrum in 2013, you might get a correction.
Interest rates may be hiked as inflation goes up after Corona resulting n dips. Dems could restart war n Mena resulting n Crude shock. Or totally out of blue,a black swan could provide one.
Don't get disturbed by such corrections. Keep on buying more. Continue Sips too. Have a 3-4 year time horizon at least. Sensex will go where it has to go to deliver 10-12% Cagr. Don't be greedy and expect 20% and all.
Don't listen to vested interest and waste such buying opportunitues as and when they come. And don't think you are an Appatakkar who can time the market perfectly. Then someone else will elope with markets leaving you waiting like Idhayam Murali.
You can follow @subashr232.
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