WEDNESDAY WOE | MARKET MELTDOWN
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Market meltdown: Experts advice on investment
Published on Wed, Oct 08, 2008 at 17:26, Updated on Thu, Oct 09, 2008 at 00:34 in Business section
Tags: Stock Markets, Sensex
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The market's blows are only getting harder. The bad news is that the worst may not be over yet. Amidst all this turbulence, only one thing can save you: The right advice.
Here’s how you can limit the damage, straight from Wealth's experts.
Scenario 1: I invested in the markets for the short term; what should I do now?
Right now, the markets are driven by global sentiment. Financial planner Arvind Rao reckons that it may take up to the fourth quarter of 2009 for the global market to pull up.
On the domestic front, too, things may look brighter only in the third or fourth quarter of 2009. "This is mainly because of the huge input costs and high interest rates as of now," he says.
Option 1: If you are hard-pressed for money, you have no choice but to withdraw.
PV Subramanyam, financial domain trainer, says, “If you need money soon, say in a year or two, it is better to sell now even if that means booking losses. There’s no way of predicting how the markets would behave.”
Option 2: Sandeep Shanbhag, investment expert and Director, Wonderland Consultants, says, “If you initially invested for the short term but can weather the storm, then wait, provided you have fundamentally good stocks. However, if you need funds, then exit as early as possible and treat this as a mistake not to be repeated.”
Caution: Do not play the markets on a short term basis simply because of the looming uncertainty.
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If the Government really wants to act it should first get the Indian Rupee stronger against all the main curriencies
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Business itself is with risk.Stock markets and speculations from local level yto9 international level involve constant risks.So those who get
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Who is an "expert" anyway? Is he really qualified enough to advise and has enough backing track record of making
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