Sing along in the tune of “Wheels of the bus….”
The wheels of the cycle go round and round
And what goes up always goes down…
What goes down, alwaaaays goes up..
And the whole cycle moves up and up.!!
Markets are like the wheels of this cycle.
It is times like now in the equity markets that prove what we have been saying all along as right.
I am so tempted to say “I told you….” to all those who panicked and redeemed from and stopped further investments to their portfolio at the end of March; when they calculated their portfolio didn’t show returns that beat fixed deposits. I feel sorry and I empathise.
I know…, that it takes surviving one big market cycle of losing, gaining, getting scared, getting excited, gloating over short term successes and moping over lost opportunities to understand the above theory of the bicycle going uphill…
…And that you should stop looking at the wheel and start looking at the cycle. Or maybe at yourself on the cycle.
Markets have rallied very impressively in August. Mid cap indices went up 8% and small cap indices went up 6% over the last 2 months. Sensex and Nifty has been crazily going up too. Most mutual funds are steadily catching up with returns of the markets too.
But that's nothing to get excited about as…
What goes up can always go down.
And what goes down alwaaaays goes up…
Stay at the pedal and don’t slow down
You will move up and never ever drown…
Okay..okay.. Now I am losing the rhyme.
Invest regularly, stick to your plans, stay in the market is all that I want to say. Happy long weekend.