Saturday, October 14, 2006
Indian market at an all time high
It is nice to listen and it will be correct in the long term, but it is very very difficult to get an investor to actually practise long term. When experts talk of long term, they talk about 3-5 years, which is a very long time indeed. In fact, there is another practical problem with long term. You just cannot leave a stock unattended to for 5 years. For every Infosys, Wipro or Reliance that significantly appreciated when left alone, there would be 100 other companies that lost value or wound up during this period..
So what to do at this time period ? It would be good to be a soothsayer, but I do not have those abilities. What I will do is to watch the market very closely to see whether I can discern any movements, and then will decide. I might just decide to cash out on some of the stocks, but it is very true that it is hard to get rid of the greed factor.
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