Investing is a serious business, a business that is made even more serious by the fact that you could lose your life savings by one economic factor which you might not have taken into consideration by the time you are make your stock purchases. As I have remarked somewhere in this blogsite, nothing is certain out there. There is no known way you could predict exactly how the stocks you purchased or even plan to purchase will fare, when other economic considerations start to act on them.
What is happening in the NSE now is an eloquent testimony of what I am trying to put across. As at March this year, there were some stocks that many stock analysts believe are very cheap, given their quoted prices in comparison to other stocks in their sectors. Many newspapers and professional analysts earning huge salaries all played along and kept their employers busy buying more stock and getting trapped like the rest of us. Now the truth is known, some have come out to cast doubts on the whole market, blaming any and everybody.
My advice is to get yourself ready, to keep cherry picking good stocks if you have still got the cash to do so, or sell off if you have the guts and wait for the picture to get clearer.
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