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POSTED BY ON May 26, 2014 6:58 pm COMMENTS (3)
It is very clear that Sensex is going up just because of Modi Hype. Sensex might be corrected soon. Should we continue with existing SIP or can we stop SIP till market gets corrected. If we continue we might be purchasing units at high price and downfall of price is expected when sensex gets corrected
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Hi,
Okay you stop SIP and wait for 6 months what is from current 7000 level it went to 8000 levels what will you do then? repent or will wait for some more time for it to come to atleast 7000 level? how long can you wait and stomach the market volatility.
It is for this precise reason SIP was created, irrespective of market movement you should forget about SIP and consider that part of money doesnt exist.
in the long run say 10 years these small difference of 10-15% will hardly matter than your peace of mind you get now by not bothering about sensex/nifty.
Agreed.. We cannot predict future. But, I am guessing that sensex will get corrected may be in 6 months or so..Thats why I am in double minded to continue with existing SIPs.
Some wise man has said:
Guessing is extremely difficult, specially if it is about future.