In my recent travels many people asked me…
1. Should I buy more gold? Experts are telling me it will give 25% return in one year.
2. I earned 20% return on a Non Convertible debenture…should I put more money in that?
3. I am 70 years of age – should I sell ALL my equities and shift to debt?
My answer to all the 3 questions remained the same. I need much, much more data than just this question to be able to answer these questions.
So here is an attempt:
If your view is ONE YEAR and you want to be in EQUITIES – invest 25% of your money and wait for the European crisis to be closer to a solution. We are nowhere near the solution. If the market goes to 4800 (nifty), invest at least 50% of the corpus..at 4500 invest all your money.
If you have a THREE year view, invest 50% and wait …be ready to invest on the way up or down..and quickly.
If you have a FIVE year view, rest assured this is the best asset class. You will see at least 25000 sensex before 2016. Not a bad return from 17500 (sensex).
rarely do i stick my neck out…but here it is!
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