nifty is almost 40% down from the high and dont ask about the sector specific stock like realty sector It is down about 70%!!! I know now a days who all are remain invested since the peak of market dont want to look into their portfolio......... Out of sight out of mind this simple psychology works here...
But the main point is when market started cracking we should have behaved like a fearful person. At least by acting fearfully and getting out of the market on the first run had saved our hard earned money.
Imagine If you are in the jungle alone with no arms to defend youself and suddenly you have the feeling that there might be a predator here what you will do ----- will you wait for the predator to come out from the bush when you get confirmed yes he is there then you run away? certainly not you wont wait for a moment to confirm that you will on run for your life without confirming about the predator. After all cost of runing even there is no predator is less then that of you only run when yo got confirmed he is there is very less.
So on the line of this natural fearful human behaviour we should have get out of the market when it was started slipping without waiting for the confirmation that yes certainly there is something wrong with the economy.....................
No comments:
Post a Comment