As of today Aug 05, 2024 the Indian market crashed heavily following US & Japan markets. The rationale behind are No interest rate cuts by Fed, Recession worries & Impacted Japan economy for the same.
What to do now?
As a long term investor, we keep a period of 5+ years & was investing only 70% on multibaggers. Any intermediary corrections like this are opportunity to invest the remaining 30% too.
Note: It is only the Traders & Short-term Investors in trouble now – as they risked 100% capital on 10-20% gain without fundamentally analyzing the stocks. At this point they will not be able to add more on existing holdings AS they lack fundamentals.
Remember, fundamentals is confidence. Long-term investors are real winners. Stock market is created for long term investing only. Trading is a mechanism to move money from amateur to run economy & pay taxes.
NIFTY PE Ratio
Based on the NIFTY PE Ratio of 23 – we are still NOT highly overvalued.
US Recovery
The US Market is expected to recover by September on next rate cut opportunity. Coupled with the US Elections in November, this would be crucial point to determine an actual global recession could take place or not.
Multibagger Plan
A 10% correction would increase the chance of 1000% gain the long run.
BUY our multibagger plan & get 4 reports immediately.