EATING A HUMBLE PIE

It has been almost 9 months since I wrote last. Two reasons.

One was that I had recommended to sit on the sidelines with markets being overheated and the markets did the opposite, they kept rising, QED Mr Market has a mind of his own. Also, it again proves that trying to time the market is a useless exercise. I have learnt this lesson again for the umpteenth time. The only silver lining is that only 10-15% funds were sold and were cash in bank. Rest were invested.

Reason Two– Covid and its second wave have been extremely unnerving. I call it the wave when death knocked next door. In the first wave, we were distant from death. In the second wave, it is touching our friends, neighbours, aquaintances and extended families. Speak to someone and there is a loss. It was this kind of atmosphere and I didn’t feel like writing about money. But then a lot of people contacted me and have been asking what now.

Simplest advice, look at the portfolio I made last year in one of my previous posts “Infected by Covid19: Yes Bank & Sensex lands in ICU” There were 20 shares approximately, if you had bought them, you would have beaten the Index returns in last one year and shall beat them year on year for at least the next 10 years. Put them in an excel sheet or a portfolio tracker, put the prices of 11 Mar 20 when I recommended them and just see the returns. Buy them at a dip, if you haven’t. And let it remain an auto pilot portfolio. Don’t tinker with it.

And I hope all your near and dear ones are safe and sound in this unprecedented times and a crisis period. Wish you all safety. Remember our ex cricket captain MS Dhoni (MSD) in covid times. MASK, SANITISE, DISTANCE. And get vaccinated and enable others to be vaccinated. Stay Safe