The recent geopolitical tension between Russia & Ukraine has led to war. All stock markets across the globe have fallen drastically. Indian stock markets have also been hammered in recent past. Few individual stocks have been down to their all-time low. Even good scripts are down to their 52-week low.
Yes, all of these are true. Then, are you planning to sell your stocks/ mutual funds ?
Hey hold on, do not be a victim of panic selling. Ask yourself few questions and if your answer is yes for most, then you may consider selling your portfolio.
- Do you need these funds now for something else ?
- What are you going to do with this money now ?
- Is there emergency at home now & you need this money ?
- Do you need this fund for medical expenses now ?
- Do you need this now for kid’s education or marriage ?
- Are you buying property or starting a business now using this money ?
I know answer to all these questions is NO. Then why sell.
You may be in less profit or may be at total loss and by selling you want to avoid further losses. But that’s okay, you knew investment in markets are risky and have taken informed decision to invest here. You have seen good time, those days of making profit. So, nothing to panic.
Markets have taken such drastic corrections before also and have recovered. In fact, post recovery markets have seen great high’s also.
So, stay invested and if you have surplus funds, these are opportunities market is giving to buy more at dud chip prices. Keep accumulating good stocks in smaller units/ amounts.
Once markets recover, your losses will be covered and you will make huge profits.
Two key things to remember,
1. War and market correction is temporary, will not last ever.
2. If there is world war and all will die, then your money is not needed, so why worry.
Stay put with your investments with patience !
