Today on the day of a new Mahurat it is time to take stock. In the last 1 year, the markets have gone down about 16 pc. What does the road ahead hold for us?
1. Now is the time to start building your portfolio gradually. Think with a horizon of 5-10 years and look for companies which will power the new economy, the new world order.
2. Once identified, start adding in installments. Every 200 points lower on Nifty say add 10 pc.
3. Look at locking in NCDs and fixed income instruments at the current high rates of interest.
4. Buy Gold strictly in dips or on breakout above previous highs.
Its important to come up with a financial plan and follow it to closure.
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