As you all probably know, I finally started saving and investing some of my hard earned money in to Mutual Funds and PPF.
Due to this, I have been somewhat following the markets and listening and reading what the so called “experts” have to say about the current and future market scenario and I have come to a simple conclusion.
Financial Experts don’t know much, if anything at all!
While there are a few sensible blokes out there (who at least sound sensible to a novice like me), majority of these so called experts seem to be having more mood swings than a pregnant lady and overtly focusing on extraneous factors, completely ignoring their own backyard!
Little wonder then, that our stock markets are behaving in the absurd manner as they are, falling even when the domestic news is good and then going up out of the blue, at times adhering to the global cues and at times, completely ignoring it!
Of course the day traders are having a ball and are still getting good returns, thanks to all this uncertainty. However, what should a novice investor like me do?
Do we follow the advice of these so called experts or feel dizzy and saddened by the whole monkeying around and go back to bed, praying that somehow, someway, things will improve?
Frankly speaking, I wish I knew what the right way was and what stand would be the most financially beneficial and stable, but at least for now, I am keeping my SIPs going and even putting a little extra money in, to average out some of my earlier bought MFs, ensuring enough liquidity at hand and at the same time, ensuring the habit of regular saving, does not gets eroded!
1 depends on who you call a financial expert
2 advice you get on investments, you must be able to read between the lines
3 before you put money down on an investment, do your home work on where you are investing
4 have a plan! Without a financial plan you will lose!
Vibhav, I am talking about the so called experts appearing on the idiot box and being interviewed of websites like moneycontrol.com and newspapers.
Not yet wealthy enough to afford a consultant/financial adviser.
Btw, good points.
YS, thats another issue which needs attention of all. I have always maintained distance from stock market though i am masters in commerce. I can relate to the name of Stock market in the sense that this is what i want to avoid at all costs. But since my priorities have been changed now so I had no option but to enter the dark and murky waters. I am also investing through SIP for some time and still i don’t feel comfortable/at ease with it. I also visit some sites which promise to provide sound advice etc. BUT I AM KEEPING MY FINGERS CROSSED.
Btw look at today’s market, inflation numbers came out worse than expected, which is in all likelihood is going to force the RBI to raise interest rates and yet the Sensex is up 160 points and that rally is being led by banking stocks, which are going to have to either pass on that interest rate hike, thereby affecting the volume or absorb it and let it impact their bottom lines!
God knows what these people are thinking!