We were hearing people planning to retire by 50....no no 40.....or still less, but do they still hope to achieve it??
The melt down in the stock market which has made the blue chip stocks look like penny stocks has reduced savings for lot of investors.
We all know that in the longer term equity outperforms all investment class so it would be wise to continue your investment plans.....Reduced level of stock market gives a an opportunity to buy good stocks at throw away prices.
Instead of being greedy and buying lot of stocks at one go we and see get its value reduced by 10% we can buy regularly in small quantities...
Regular and disciplined investment will still give u the chance to achieve your financial freedom.....
Below 10K people are talking about going a lot down to find the bottom when price will stop falling and probably stop rising too and just hanging in there for sometime. I think now the Indian stock market warrants long term investments...
Downgrade in earnings are already covered in the fall in PEs and most of the bad news is factored... After the panic subsides and rationality comes back we will again see happy days...
Friday, October 17, 2008
Retirement Postponed!!
Posted by Mahitosh at 10:50 PM
Labels: random thoughts
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