I had published an article on 1st Jan 2018: “Time to exit equity market and book profits” the markets have started correcting and this might be the Crash that has just started. Only time will tell.
I have sold most of my holdings which are high gain stocks and high gain mutual funds by end of Jan-2018.
I am still holding few stocks that have not appreciated much. So selling them was not a good idea, as the returns would be minimum. Moreover these were potentially good companies, such as Apollo Tyres, M & M etc. I held them as I wouldn’t gain much if I sold them, and moreover It would be good idea to buy more of same stock when the price dropped for a better overall gain, over long term.
I bought shares of some of my shortlisted companies such as, Kitex(@225.4), Avanti Feeds(@2287.7), Motherson Sumi(@325.4), as they were available at discounted price. With a conservative target growth of 15% to 20% CAGR. I’ll continue to accumulate them when the prices fall further, .
I have few more companies in my wishlist, which have not yet reached our purchase price. I’ll mention them in another post when the prices drop further and I buy them for my portfolio.
If you couldn’t book your profits during peak price, don’t worry, just hold the stock for longer.
I still feel there is still downside to Market at current levels, and use every dip as buying opportunity.
Don’t sell in panic. Instead, keep an eye on your watch-list, and buy them when the price is right.