Wow! The market has gone for a toss and it is a time to make sure you have enough cash when the opportunity arrives.
As I said in my first blog, you should not have invested more than 30% in the stock market. You should have at least 15% of your portfolio in Gold. That means your total investment as of today is around 45%. You must have at least 55% cash in your kitty.
Now, the time is right to start cherry picking and buying some stocks that can give an awesome return from the current levels. Remember one thing in share markets, invest when the opportunity arises. When you wait with cash, always sense a level comfortable to invest. No need to catch the bottom but your investment level should not be more than 20% higher than bottom.
Right now, two scripts that catch my eye are SPICEJET Ltd. and Ruchi Soya.
For Spicejet, anything near or below 22 is good enough to start buying in this crash. The stock will recover as fuel prices go down in next quarters and can give best returns in stock market in 1-2 years.Buy twice the quantity you already have.
Ruchi Soya is fast approaching our buying target as specified below. When it touches those levels, go for it!. Make sure you invest only 15 - 20% of your current cash in above stocks as of now. That means your total investment in equity should not exceed 50% and it is better to stay in cash and buy slowly for next 3-6 months.
Also, keep a watch on Chennai Petroleum Corporation, IOC and HPCL and if you have extra cash to invest or park for 3 years or more, those are the companies you should be looking forward to.
Cheers!
Invest2Richness
invest2richness@in.com
As I said in my first blog, you should not have invested more than 30% in the stock market. You should have at least 15% of your portfolio in Gold. That means your total investment as of today is around 45%. You must have at least 55% cash in your kitty.
Now, the time is right to start cherry picking and buying some stocks that can give an awesome return from the current levels. Remember one thing in share markets, invest when the opportunity arises. When you wait with cash, always sense a level comfortable to invest. No need to catch the bottom but your investment level should not be more than 20% higher than bottom.
Right now, two scripts that catch my eye are SPICEJET Ltd. and Ruchi Soya.
For Spicejet, anything near or below 22 is good enough to start buying in this crash. The stock will recover as fuel prices go down in next quarters and can give best returns in stock market in 1-2 years.Buy twice the quantity you already have.
Ruchi Soya is fast approaching our buying target as specified below. When it touches those levels, go for it!. Make sure you invest only 15 - 20% of your current cash in above stocks as of now. That means your total investment in equity should not exceed 50% and it is better to stay in cash and buy slowly for next 3-6 months.
Also, keep a watch on Chennai Petroleum Corporation, IOC and HPCL and if you have extra cash to invest or park for 3 years or more, those are the companies you should be looking forward to.
Cheers!
Invest2Richness
invest2richness@in.com
No comments:
Post a Comment