Wait and watch

All the self made 'Bulls' are turning 'Bears' now. Now everybody talking about US slow down and it's possible impact on world economy. There are large number of theories ( rumors ) floating in the market for the reasons for this steep fall and future course of market. I personally think most of them are mere rumors. Don't get panicked. But, It is NOT a good time to fully invested in the market. Keep atleast 40% of your Portfolio in Cash. If you intend to invest in ELSS of mutual funds for tax savings, I advice you to go for SIP and opt for Dividend Pay OUT option as your initial investments are locked for 3 years. In the February expect a pre-budget rally in select stocks and do participate in small quantities. Temporarily liquidity would be back after the refund of Reliance Power IPO. So till the end of January, Big Big NO to the market even if it ends higher after possible RBI rate cut.

Wait and watch advised.

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