Sunday, 24 August 2008
HOW TO SURVIVE THE NSE CRASH
Truth is the stock market has its ups and downs and we are in the "downs" at the moment. I've seen optimistic forecasts that this downturn or bear market will not last, that it will soon be over. I choose to disagree. I believe you will have some ups like we are seeing for petroleum stocks at the moment but I doubt if you will see the bandwagon jumping up of stock prices (bull market) that we have experienced over the past three years or so. This bear market may go on for the next two years. Advise you go back to the drawing board and appraise your portfolio. It is a good time however to ACCUMULATE solid companies. BUY large chunks but be prepared to wait 2-4 years to reap big time.
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