This story, though imaginary reflects the truth about stock markets. At the peak of a bull market greed blinds all rationalism and the bottom of a bear market fear grips the minds. One secret to make a fortune out of investing is to be ready when opportunities strike. Having cash in hand at the right time is necessary for this. For example, Nifty is at a P/E of 25 now, how much cash should you be holding? Also, which debt funds to select for the portfolio? The answer would differ from person to person.
Raghav Behani is a SEBI registered Research Analyst bearing license number: INH200004471.
SEBI (Research Analysts) Regulations, 2014
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