"You make triple-digit gains not when things go from bad to good, but when things go from bad to less bad."...
Says Mr. Steve Sjuggerud.
Think long-term. If the long-term outlook is good, then temporary crises are just great buying opportunity to accumulate quality stocks at reasonable valuations. Markets will keep going up or down; you have absolutely no control over it.
Periodic volatility is healthy and good for the market; it keeps the herd mentality in control. Make volatility your friend and take advantage of it instead of getting scared. It is always difficult to time the market and when stability returns, there is a chance that prices will once again bounce back without offering an opportunity to buy at the right time.
Next Portfolio
www.nextportfolioindia.com
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