Posted by: Rajiv in: Finance & Investing
On 28th August 2013, the Sensex closed below 18000 and the Nifty at 5285. Headlines in popular media went something like this:
- Sensex recovers after morning crash, ends 28 points higher, The Hindu
– Sensex drops over 500 points, Nifty slips below 5,150, The Economic Times
As always, when markets are down, most of media & analysts were painting red.
Keeping away from emotional reactions and staying put to the choosen model of investing, I was glad to buying that month. I wrote a few words of wisdom from legendary investors as a reminder and to an extent a confidence booster to stick with my plan. With years of practice it still takes some (ok, lots of!) guts to go against the flow.
Today is 24th March 2014. 6 months & 26 days later, the headlines are:
- Sensex up 300 pts to end at life high of 22055, Moneycontrol
- Sensex ends at record closing high of 22,055.48, The Hindu
This is not another reminder to buy or sell! It is a reminder to