Saturday 11 October 2008

Good time to slowly start buying

On Friday, while the ticker tape blinkered in red, certified financial planner Gaurav Mashruwala was working the phone all day, reassuring his clients.

His advice : If there is no change in your fund requirements in the immediate future, then just sit tight.

However, if you are in one of two situations, you should get out of the falling markets, says Mashruwala.

First, if you have an outstanding loan. You don’t need to be losing money while simultaneously paying high interest rates.

The second, if you have speculated in penny stocks, it is time to cut your losses and jump if your’e lucky.



Posted by Harsh at 00:43

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.